Stepping Ahead with a Holistic View: Chris Moschner’s Journey in Reverse Mortgages
Chris Moschner, Chief Marketing Officer (CMO) at Finance of America Reverse (FAR), has enjoyed a diverse and beneficial ride to reach this level in his career. He applies his extensive knowledge and experience to successfully navigate the lucrative but unconventional world of reverse mortgages, which helps empower seniors by providing financial freedom.
Before his current position at FAR, Moschner led multiple companies, facilitating their sustainable growth during his tenure. Across his career, he has held many hats, from marketing and product management to strategic partnerships, publishing a replete repertoire of industry experience. Today, as the CMO of FAR, he puts these skills and expertise to good use for seniors seeking financial stability.
Embarking on a Journey – The Start
Before he was a prominent figure in the finance industry, Moschner began his career at an early age. Watching his mother work tirelessly in the banking sector, he developed an interest in understanding how money works. Pursuing his interest, he became a banker, helping consumers manage their finances, which set the foundation for later exploits.
A step ahead, Moschner dived into the world of business and entrepreneurship. He developed a tech startup, serving as the CEO and putting his skills to the test. As appealing as the entrepreneur’s journey seemed, he soon realized that running a startup required more than just business acumen – it needed sound financial footing. Although grappling with business challenges was tough, the experience was invaluable as it exposed Moschner to the reality of business and finance.
Finding His Calling: From Traditional Mortgages to Reverse Mortgages
The appeal of traditional mortgages pulled Moschner in initially. This area was beneficial as it provided insight into home affordability and accessibility. However, he soon found the allure of traditional mortgages giving way to the promise, potential and purposefulness of reverse mortgages.
The reverse mortgage industry served as an ideal venue for him to bring into play his blend of business acumen and passion for finance. This type of mortgage product, introduced in the late 1980s, offers a unique opportunity for seniors to convert their home equity into liquidity without the obligation of monthly mortgage payments.
As Moschner explored deeper, he realized reverse mortgages were misunderstood and often overlooked. However, he saw the enormous potential that underlaid this obscured financial instrument. A reverse mortgage doesn’t merely allow seniors to continue living in their homes but unlocks their home equity, providing them with the flexibility to meet their post-retirement financial needs.
He saw value in enhancing public understanding about reverse mortgages and knew he could use his marketing skills to make a difference. His experience with startups came in handy as he learned to navigate, sometimes daunting, but rewarding path of breakthroughs and challenges.
Driving Change at Finance of America Reverse (FAR)
When accepting the role at FAR, Moschner was already well-versed with the world of reverse mortgages. He saw the significant role this financial product could play in seniors’ lives, especially due to the rising number of seniors as a result of increased life expectancy and the aging baby boomer generation. He knew there was immense potential in employing reverse mortgages as strategic financial tools for retirement funding.
FAR’s mission, to help seniors navigate their golden years with dignity and financial independence, resonated with him. Moschner understood the need for better financial tools for America’s aging population, and the firm’s focus on providing practical, financially sound answers to seniors’ growing concerns struck a chord with him.
He recognized the role marketing had to play in spreading awareness about reverse mortgages, especially among seniors, financial advisors, and real estate professionals. Keeping this in mind, his immediate objective at FAR was to build a solid foundation, starting with a team that was as passionate as he was about the cause.
As a CMO, his role involves managing multiple aspects – from promoting the firm’s vision to shaping its brand presence in the competitive market. Through strategic marketing initiatives, he seeks to clarify misunderstandings about reverse mortgages and highlight their potential as an effective financial tool for senior Americans.
The Future – New Horizons for Reverse Mortgages
While his current focus is on reverse mortgages, Moschner believes that additional equity release products could appear in future markets. He foresees an evolution in home equity-based products designed to provide financial flexibility to homeowners irrespective of their age group.
As the concept of homeownership evolves and the real estate sector continues to morph, Moschner envisions the opportunity to seize these shifts to progress and adapt financial tools. This continual evolution, he believes, is fundamental to creating more tailored, accessible tools that cater to customers’ changing needs.
Conclusion
Today, Chris Moschner is not just the CMO at FAR but is also driving change in the way reverse mortgages are perceived and utilized. Armed with diverse experience in marketing, finance, and startup management, he’s honing his vision for a game-changing shift towards more realistic and practical financial instruments. His mission is two-fold: to help elders maintain financial wellbeing throughout retirement and to redefine how home equity is accessed across different demographics.
Steeped in understanding, refined by experience, and driven by his relentless passion for change, Moschner continues to blaze new trails in reverse mortgage offerings. Beyond financial profit, his drive rests heavily on the satisfaction derived from helping seniors enjoy their retirement with financial peace of mind. For Moschner, it’s about making finance work for people, and he’s all set to redefine this space, one reverse mortgage at a time.
