Senior Equity Financial, Inc.

About Us

> Meet Our Team

Craig Phillips - Co-Founder

Craig Phillips has been a leader in the Reverse Mortgage industry since 2003. Through his commitment and efforts he helped build the #1 producing reverse mortgage team in the country for the nation’s largest reverse mortgage lender. Through his years he has helped educate thousands of individuals on Reverse Mortgages and has helped assist over a thousand families through the process.

Thanks to his experience within the industry, Craig has become a trusted resource among the professional community. He has hosted over 100 speaking engagements, including radio and television financial shows, financial institutions, Council on Agings, as well as, many local organizations throughout the New England area that have helped educate homeowners and advisors on the benefits of reverse mortgages.

Craig co-founded Senior Equity Financial with his brother Karl to continue their commitment to be leaders in the industry and assure homeowners are receiving correct information and the best possible service throughout the entire process. Craig is a graduate of Boston College. He is a member of the National Reverse Mortgage Lenders Association, the South Shore Chamber of Commerce, and the Massachusetts Mortgage Association. He currently lives in Braintree, MA with his wife Laura.

Karl Phillips - Co-Founder

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Karl Phillips founded Senior Equity Financial with his brother, Craig. Since graduating from Providence College with a BS in Accounting, Karl’s entire career has been focused in the financial services industry. He began as a public auditor with one of the nation’s largest public accounting firms and then transitioned to the consumer side of financial planning and education. This eventually led him to concentrate in mortgage banking, with a specialty in reverse mortgages. While working for the nation’s largest reverse mortgage lender, Karl helped develop the #1 producing team in the country, year after year — an achievement that was earned not only through sales volume, but as a result of receiving the highest customer satisfaction awards.

Thanks to his experience with the reverse mortgage industry, Karl has become a trusted resource among the professional community, hosting more than 100 speaking engagements, including radio and television financial shows that help educate consumers about reverse mortgages.

Karl is a member of the National Reverse Mortgage Lenders Association and the Massachusetts Mortgage Brokers Association. He currently lives in Brewster, MA with his wife and two daughters.

David Peterson – Reverse Mortgage Advisor

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David Peterson is a leading reverse mortgage specialist with extensive knowledge and expertise gleaned from eight years of working with the nation’s leading home mortgage lenders. Since retiring as a high school math teacher and City Counselor, he has worked exclusively in the reverse mortgage industry. He is committed to assisting individuals and their families better understand and evaluate their financial options and make informed decisions.

David has presented information on reverse mortgages to individuals and at group seminars, in the published media and as a guest speaker on local television and radio talk shows. By understanding the strategies a reverse mortgage can offer, homeowners and their advisors, can opt for the solution and leverage it to best meet their financial needs.

Juggling the multiple roles of husband, father and grandfather, homeowner, retiree, and active community member, David is aware of the dreams and needs of the older homeowner on a limited and dwindling income. His professionalism, family oriented approach, and commitment to help others is demonstrated through customer satisfaction and is in keeping with the philosophy of Senior Equity Financial. Dave currently lives on the north shore in Medford with his wife.

John Ellison – Reverse Mortgage Advisor

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John Ellison's 16 year career as a leading salesperson and manager in the consumer products and health care industries has contributed to his decision to join Senior Equity Financial, Inc. During John's more recent years with one of the nation’s largest health care companies, he has seen firsthand the challenges many families face when planning and paying for long term care.

John's background includes presenting information on current issues ranging from the impact of living longer, the need for personalized care, and the increased costs associated with today's health care needs. His seminars have helped educate the medical profession and have been presented to hospitals, rehabilitation facilities, doctors and family members.

John's family has been involved in finance and banking for more than one generation, which has further aided his transition to the finance side of helping families plan for their future needs. John is a graduate of the University of Michigan in Ann Arbor. He currently resides in the Southeastern Massachusetts town of Raynham with his wife Liana and two kids.

With Senior Equity Financial, your needs come first. Just call us at (800) 261-8507.