Terry Connealy, President, Mutual of Omaha Mortgage
In July 2018, the reverse mortgage industry received exciting news when the acquisition of San Diego-based mortgage company Synergy One Lending and its reverse mortgage subsidiary, Retirement Funding Solutions, by Mutual of Omaha Bank was finalized by federal regulators.
Having the iconic Mutual of Omaha brand name involved in the reverse mortgage space was welcome news, because it further legitimized reverse mortgages as a retirement planning solution for America’s aging population.
Synergy One co-founders Torrey Larsen and his brother Tyler have continued to be instrumental in the operation of the company, now re-named Mutual of Omaha Mortgage. Just recently, Terry Connealy was named president of Mutual of Omaha Mortgage, allowing Torrey Larsen to focus on strategy and business development for the company. Under Connealy’s leadership, Mutual of Omaha Mortgage has remained a dominant force in the business, ranking fourth among HECM producers in fiscal year 2020.
Connealy has also become an important thought leader through his participation on NRMLA’s Board of Directors. Reverse Mortgage Magazine sat down with Connealy to learn more about his background, Mutual of Omaha’s recent restructuring and his plans for the future.