Larry McAnarney
815-703-4745

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.

Verified Reviews

(212)

Excellence! I am very impressed with the work everyone involved put into my reverse mortgage. I felt fully informed going through this process and every question was answered completely and quickly. I would recommend Larry to anyone who asks about getting a reverse mortgage.

Diane S — Aug 30, 2022

Worked well for us! My wife and I had been discussing reverse mortgage for some time. We had heard all the pros and cons of doing this type of mortgage and the pros won out. We have a house that was built in 1976 and we have been in it since 1991. We have really done no updates on it and it was really needing some remodeling. We were just not able to afford all the stuff that it needed. We could not find anyone in our area that did reverse mortgage so I got on the internet and did some searches. A few days later I got a call from Larry McAnarney. I told Larry that I came from the "old school" and was use to doing business face to face, but since he was in Illinois and we were in Texas it made it a little difficult. However, to make a long story short, Larry explained everything to our satisfaction and we started the process. We had to go to a counseling session so that we understood the process. After that it was pretty simple. Thanks to Larry McAnarney.

Joe G — Apr 14, 2015

Very Attentive to our Needs I want to thank Larry for all his help during our reverse mortgage process. We were a little apprehensive, but Larry was there to answer all our questions and out our cares to rest. Larry was very attentive to our needs and answered all our calls in a timely manner. Again, we thank Larry for all his help and knowledgeable input.

Steve & Linda S — Feb 13, 2018