Meet Our Professionals

Reverse Mortgage Loan Specialists

Thank you for considering New Castle Mortgage as a source for answers to your questions on Reverse Mortgages. It is extremely important that you choose wisely with whom you work in obtaining your Reverse Mortgage, as this could be one of the most important decisions you will ever make. At New Castle Mortgage, we are experts in the field of Reverse Mortgages. Our company was founded in 2007 to specialize in this industry.

    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
    Vice President
    Catherine Holton
    Vice President

    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!!

  • Robert McCarthy
    Reverse Mortgage Specialist
    Robert McCarthy
    Reverse Mortgage Specialist

    Robert is a Reverse Mortgage Specialist from Nashville, TN.  He graduated from Belmont University with a bachelor’s degree in Business Administration. In 1991, he entered the field of Banking as a Loan Officer, and then went on to manage a Credit Union, gaining almost 20 years of financial experience.

    He joined New Castle Mortgage in 2010 as an NMLS licensed Loan Originator. In Banking, he recognized the difficulty of lending to responsible senior citizens due to the bank’s higher income requirements. He saw Reverse Mortgages as an effective tool to help seniors secure their financial future by simply living in their homes, regardless of income or credit. The most rewarding part of his job is being instrumental in helping homeowners become free of the burden of monthly house payments and the limited lifestyle of a fixed income.

    Robert is married to Kathy, a school teacher, and has 3 children attending local Nashville schools. He is an active member of his church, volunteer for the Room in the Inn ministry and a member of Greenways for Nashville. You may find Robert biking on a Greenway, hiking at Radnor Lake or other nearby trail, or attending his children’s dance and sports activities.

    Call Robert anytime you have a question regarding a Reverse Mortgage. You will get an honest, straightforward explanation of the facts that show why the Reverse Mortgage is the latest strategy being used to secure a senior’s ongoing quality of life.

  • Mike Sigmon
    Reverse Mortgage Specialist
    Mike Sigmon
    Reverse Mortgage Specialist

    Michael Sigmon is a Senior Reverse Mortgage Specialist at New Castle Mortgage.

    He was born and raised in North Carolina and moved to Nashville in 1987 after spending many years in Alabama managing branch offices for a financial services company. A veteran of the mortgage lending industry for over 30 years, he has been a Reverse Mortgage Specialist since 2007. He became interested in Reverse Mortgages while doing research for his Mom, who eventually obtained a Reverse Mortgage of her own.

    Mike says, “The Reverse Mortgage is by far, the most helpful mortgage loan product I have ever been involved with.  It’s a win – win for everyone.”

    “Why wouldn’t anyone want access to a line of credit that doesn’t have to be repaid until after their death, or can be repaid at any time, under any terms?”

    Mike believes that helping seniors with their Reverse Mortgages has given him the most personal satisfaction of any form of mortgage lending he’s ever done.

    Michael currently resides near Nashville, TN with his wife, Diane and their two teenage sons. He can be reached at 615.202.6245 or by email at msigmon@newcastlemortgage.com

  • Lorrie Graves
    Reverse Mortgage Specialist
    Lorrie Graves
    Reverse Mortgage Specialist

    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.

  • Lori McGinnis
    Reverse Mortgage Specialist
    Lori McGinnis
    Reverse Mortgage Specialist

    Lori McGinnis has been involved in the Reverse Mortgage industry for over 13 years. She began her career in finance in 1991 and quickly excelled as a top sales and land/home coordinator in residential development. In this role she led her company to record production and expansion growth from one sales center to four. It was a great time in the housing market and Lori made quite a name for herself and became well known in the lending industry.

    In 2002 Lori McGinnis heard about the Reverse Mortgage and as do many people, felt "this is just too good to be true". Committed to doing more research and study on the product, soon found that it was in fact, everything it seemed to be. She began her Reverse Mortgage career with Transland Financial in Orlando Florida were she was able to utilize her experience in finance and leading sales teams to grow her region to top in the nation. (company licensed in 37 states). 

    In the years to follow Lori worked at Bank of America, MetLife and Security One Lending specializing in Reverse Mortgages while leading teams of up to 40 Reverse Mortgage Specialists to a Presidents club level of success resulting in numerous awards for merit and sales records.

    They say, no matter how far you may travel, you always come home. While working at Security One Lending Lori met Mike Holton, the Founder and Owner of Newcastle Mortgage based in Nashville Tennessee. It was easy to see that Lori and Mike Holton had many similar views particularly the commitment to excellence in business. Life has been wonderful for Lori and allowed for many notable accomplishments and now the most exciting opportunity of them all. To bring everything in her arsenal of experience back home to Tennessee and share with her Home Town Neighbors. Opening the newest Branch of Newcastle Mortgage in the Tri Cities is an exciting pinnacle to her career of working with active retirees. To assist them to achieve financial security, retirement income strategy, right sizing in a new home, or merely aging in place without fear of loss of independence. For Lori - Life is as good as it gets!

  • Bob Walker
    Reverse Mortgage Specialist
    Bob Walker
    Reverse Mortgage Specialist

    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.

  • Rachel Hardaway
    Loan Processor
    Rachel Hardaway
    Loan Processor
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We are the major producer of Reverse Mortgages in Tennessee, owned and operated by Tennesseans, purely specializing in Reverse Mortgages.
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