ATLANTA, Sept. 10 /PRNewswire/ -- Generation Mortgage Company(TM) has named Scott Peters president and chief executive officer.

Peters succeeds former president and CEO Joe Morris, who will take on the role of executive director, industry relations, representing Generation Mortgage as an industry advocate to play a stronger role with organizations such as the National Reverse Mortgage Lenders Association (NRMLA), lend support to wholesale relationships and will also be active legislatively. Morris served as president and CEO since the company's inception in 2006.

"Joe helped establish Generation Mortgage as one of the largest and most respected reverse mortgage companies in the U.S. and we are grateful to him for his service," said Jeff Lewis, chairman, Generation Mortgage Company. "As Joe focuses his time on nurturing the decades-old strategic relationships he's built for Generation, Scott will take the helm to help manage our rapidly growing, national employee team and customer base."

With more than 28 years of leadership experience, Peters, 51, joins Generation Mortgage from Nortel Networks Corporation, where he led Nortel's Global Business Services division with more than 500 employees. He also held senior leadership positions within General Electric Capital Corporation, MassMutual, BellSouth Corporation, The Profit Recovery Group International and CompuCredit Corporation.

"I look forward to helping Generation continue to do right by seniors and offer our clients and partners the best customer service the industry has to offer," said Scott Peters, president and CEO, Generation Mortgage Company.

Peters earned his bachelor's degree from West Point, was a decorated officer in the U.S. Army, and earned his MBA from California State Polytechnic University, where he graduated at the top of his class.

About Generation Mortgage

Generation Mortgage Company is one of the nation's leaders in reverse mortgage lending, and a member of NRMLA (National Reverse Mortgage Lenders Association). With its sole focus on reverse mortgages, Generation Mortgage Company offers seniors "A New Generation in Reverse Mortgages(TM)" and pledges to deliver outstanding customer service, as exemplified by its loan Servicing - Generation services all its reverse mortgage loans and does not outsource them.

Equal Housing Lender. Arizona Mortgage Banker License #0909296; Georgia Residential Mortgage Licensee #22292; 3 Piedmont Ctr, 3565 Piedmont Road NE, Ste 300, Atlanta, GA 30305; Licensed by the Department of Corporations. under the California Residential Mortgage Lending Act; In CT, licensed as Generation Reverse Mortgage, Inc., Generation Mortgage Company d/b/a.; Illinois Residential Mortgage Licensee # MB.6760368; Kansas Licensed Mortgage Company License #MC.0001660; Massachusetts Mortgage Lender-ML3240; ME License #SLM9169; Licensed by the Mississippi Department of Banking & Consumer Finance; Licensed at 51 JFK Parkway, Suite 114, First Floor West, Short Hills, NJ 07078, Phone # 973-218-2418 by the New Jersey Department. of Banking and Insurance; NV - 800 N Rainbow BLVD, Ste 170, Room 164, Las Vegas, NV 89107, Phone #702-948-5031; Licensed by the Pennsylvania Department of Banking; Rhode Island Licensed Lender; TX SML License #68405, 27030 Masters Pkwy, Spicewood, TX 78669; Licensed by the Virginia State Corporation Commission #MC-4832; Also conducts business in AL, AR, CO, DC, DE, FL, HI, IA, LA, MD, MI, MN, MO, MT, NC, ND, NE, NM, NV, OH, OK, OR, SC, SD, TN, UT, VT, WI, WV, WY.

    CONTACTS:  Shelley Pfaendler
               KCSA Strategic Communications
               (212) 896-1248
               spfaendler@kcsa.com

SOURCE Generation Mortgage Company