LTC Global Invests In Reverse Mortgage Business

LTC Global announced that Brett Carter has joined LTC Global as Director of Business Development of LTC Global’s Mortgage Division. Carter’s primary duties will include continued participation in the business activities of Next Generation Financial Services (NGFS), a leading originator of reverse mortgage products said a company statement.

LTC Global made an investment in NGFS earlier this year, but terms of the investment have not been made public.  The company is an independent marketer of insurance and financial products to seniors with emphasis on Long Term Care insurance, Medicare insurance products, and most recently reverse mortgages.

In addition, Carter will assist LTC Global in identifying and evaluating additional investments and strategic relationships in the reverse mortgage space, including new banking relationships.

“We are proud to secure the services of Brett Carter, well known in the industry for his business acumen, professional integrity and good relationships with industry regulators,” said Richard Pitbladdo, co-founder of and Chief Financial Officer of LTC Global.  “We have been impressed by Brett’s track record with NGFS, a business that he helped build from scratch, and we look forward to working with Brett to grow NGFS. The reverse mortgage industry is poised for growth, and we believe we have the right team in place to take advantage of the opportunity.”