Maverick Funding Corp., Parsippany, N.J. has hired away Joshua Shein, the CEO of reverse lender Great Oak Lending (GOL), who brings with him to his new employer roughly 30 employees including 11 loan officers.

Jeff Cooper, CEO of Great Oak said his company will remain in the reverse business despite the departures. He added that Shein and GOL owned the reverse business 50-50.

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