Have questions about Reverse Mortgage Loans in Knoxville?
New Castle Mortgage of Knoxville
The Reverse Mortgage Specialists of Knoxville, Oak Ridge, Farragut, Maryville, Sevierville and Pigeon Forge.
We are the major producer of Reverse Mortgages locally, owned and operated locally, purely specializing in Reverse Mortgages. As a consumer you can be certain we are qualified, experienced and credible. Our partners, Mike Holton and Catherine Holton, each have over 16 years of experience originating FHA loans throughout the state of Tennessee. With offices in Nashville, Knoxville, Chattanooga and the Tri-Cities, our “boots on the ground” originator staff of 12 can effectively cover all areas of Tennessee and surrounding areas like Birmingham. We have a highly experienced Loan Origination staff, many of whom have served as an originator for 10, 15, and even 30 years. We are a State licensed facility and are members of NRMLA (National Reverse Mortgage Lenders Association) and the BBB (Better Business Bureau).
Call today and speak with one of our Reverse Mortgage Specialist’s. Find out how the Reverse Mortgage can make a positive impact on your existing financial plan.
Knoxville, Tennessee Reverse Mortgage Team
We can assist you in obtaining your Reverse Mortgage in the city of Knoxville, Tennessee, and surrounding areas.
Robert Walker is a Reverse Mortgage Consultant for New Castle Mortgage. His main focus is helping senior homeowners understand the unique characteristics of reverse mortgages and how they work. Reverse mortgages are one of the most misunderstood financial products on the market today. Mr. Walker hosts seminars and educational workshops all across East Tennessee to help seniors make informed decisions about the resources available to them.
Robert Walker is a licensed mortgage professional who holds a Bachelor’s Degree in Chemistry from the University of Tennessee-Knoxville. Robert has resided in Knoxville since moving here from Clarksville, Tennessee to attend UTK in 1979. He is married to a native Knoxvillian and they have four children, five if you count the spoiled golden retriever. Before joining New Castle Mortgage, Robert was owner and president of Volunteer Mortgage Lenders, Inc., a Tennessee Mortgage Company that provided mortgage services to East Tennessee for the past 12 years. Prior to the mortgage industry, Robert spent ten years as a Registered Investment Advisor specializing in retirement plans, insurance, and income producing real estate investments. Robert Walker’s broad background in financial planning, insurance, investments, and mortgages provides a strong foundation for helping seniors navigate the financial options available to them in retirement.
Lorrie has been in the Mortgage Industry for over 20 years. She has advanced through many different positions over the years. Lorrie started doing Reverse Mortgages ten years ago, but the full scope of helping seniors keep their independence became eye opening in 2010 when her mother used a reverse mortgage to purchase her home. Working for New Castle Mortgage since 2012 Lorrie enjoys helping seniors keep their independence and stay in the home they love.
Mike Holton is the President and founder of New Castle Mortgage. He began his mortgage career in 1997 and soon realized that he had found his calling in the mortgage industry. He has always been in the management side of the mortgage business leading sales teams to a high level of success. Around 2006 he became familiar with the Reverse Mortgage and immediately was interested in specializing in these products. After much research he approached the company where he worked to allow him to head up a Reverse Mortgage division. They were uninterested so Mike and his wife Catherine, applied for and obtained their own license and opened New Castle Mortgage in Nashville in April of 2007. Although they had never done a Reverse Mortgage prior to the opening, they set out to purely specialize in ONLY Reverse Mortgages.
Opening a business in 2007 was challenging, Opening a mortgage company in 2007 was worse. Opening a Mortgage company to only specialize in this very small niche was almost crazy. But, fast forward eight years and New Castle Mortgage is the largest company in Tennessee specializing in Reverse Mortgages. New Castle is currently licensed in four states, with four offices and a staff of eleven Reverse Mortgage Specialists.
Catherine Holton is Co-founder and Vice President of New Castle Mortgage. She has been in the Mortgage business since 1998, originating FHA and Conventional mortgages throughout Tennessee. She and her husband, Mike Holton opened NCM in the Spring of 2007 to specialize in Reverse Mortgage products. She is licensed to originate mortgages in Tennessee, Alabama, Georgia and Virginia. Catherine assists in the oversight and quality control of offices in Nashville, Knoxville, Chattanooga, TriCities and Birmingham, and Mobile, Alabama. Prior to the Mortgage business, Catherine enjoyed a long career in nursing. At New Castle Mortgage she projects a positive message and facts about the benefits of Reverse Mortgages to homeowners, professionals and referral sources. “Promote and Educate” she’ll say. Her personal satisfaction is knowing that she helped a client reach financial security, secure homeownership and a comfortable retirement. Catherine is well known for her high level of expertise, passionate professionalism and her big warm smile.
Catherine enjoys cooking, gardening and spending time with her five sons and a growing brood of grandchildren, currently standing at four!!