Reverse Loan Officer

About This Role

This role involves building and maintaining relationships to source reverse mortgage loan applications, analyze consumer needs, and guide them through the loan process while ensuring compliance with regulations.

Responsibilities

• Establish and maintain relationships to generate business referrals for reverse mortgage loan applications.
• Maintain a pipeline of applications within federal and state regulations.
• Analyze reverse mortgage applications and determine programs best meeting consumer needs.
• Gather required application data and provide initial documents and disclosures to the applicant.
• Communicate and educate the consumer on qualified programs (HECM and proprietary products) including benefits and risks.
• Support communication through the loan process between operations staff and borrower.
• Provide all applicable initial documents and disclosures to the loan processor.
• Work with assigned Benchmark branch(s) in training, marketing, and assisting in all aspects of the reverse mortgage program.

Requirements

• Minimum of 12 funded self-generated reverse mortgages in prior 12 months
• Solid referral base
• Strong service-oriented mindset
• Excellent communication skills
• Proven knowledge of reverse mortgage lending, compliance, and regulatory requirements
• Knowledge of various reverse mortgage loan products
• General knowledge of credit reports and Financial Assessment including Residual Income calculations
• Ability to adapt to market changes
• Knowledge of the mortgage loan process
• Proven ability to monitor and track multiple deadlines

Qualifications

• High school diploma or equivalent required. Some college preferred.
• Minimum of 12 funded self-generated reverse mortgages in prior 12 months required. Proven prior reverse mortgage loan sale experience.

Nice to Have

• Experience with Quantum Reverse
• Experience with Reverse Vision
• Some college

Skills

* Required skills

Certifications