Reverse Mortgage Loan Officer - NMLS & CaDRE

The Reverse Mortgage inside Loan Officer originates loans and performs a share of all day-to-day tasks of lending operations. S/he is a specialist salesperson and an individual contributor to the Lending team.

Essential Functions

• Solicit customers for new reverse mortgage programs to meet established loan quality and production goals.

• Identify, develop, and maintain a quality network of business relationships that serves as a recurring source of referrals for reverse mortgage lending opportunities.

• Ensure exceptional customer service by maintaining thorough knowledge of reverse ,mortgage lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics, complying with all Federal and State compliance policies and adhering to DRE requirements.

• Conduct interviews with prospective borrowers in order to analyze financial and credit information, determine customer financing objectives, advice customers of product/pricing policies and guidelines, and gather any additional required information to determined individuals’ readiness.

• Review clients’ financial documents and other information provided to determine their overall financial health.

• Determine which programs clients qualify for, and communicate information on those programs to the clients accurately.

• Plan and coordinate meetings with clients to discuss loan options with clients.

• Price and lock interest rates.

• Prepare, finalize, and issue accurate and compliant disclosures.

• Assist clients in satisfying lenders’ documentation and communication requirements.

Education/Experience

• Minimum of 1 year of experience originating reverse mortgage loans

• Understanding of the reverse mortgage lending sector

Other Skills

• Exceptional interpersonal and time management skills

• Strong explanatory skills

• Professional verbal and written communication skills

• Intermediate PC and Microsoft Office Suite skills and database entry experience

• Ability to accomplish goals and produce valuable results with minimal supervision

• Ability to work well with people from diverse backgrounds with varying degrees of experience Licensure/Certifications

• California Department of Real Estate Salesperson License Required

• NMLS MLO license endorsement on DRE License Required

• Reverse Vision Experience Preferred

• AAG Lender Product Experience Preferred

Job Type: Full-time

Pay: $40,000.00 - $44,000.00 per year

Benefits:

• 401(k)
• Health insurance
• Paid time off

Physical Setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday
• Overtime

Supplemental Pay:

• Bonus pay
• Commission pay

Education:

• Bachelor's (Preferred)

Experience:

• Fair Housing regulations: 1 year (Preferred)
• Loan origination: 1 year (Preferred)
• Reverse Loan Officer: 1 year (Preferred)

License/Certification:

• DRE (Required)
• NMLS (Required)

Work Location:

• One location

Work Remotely:

• No

Work Location: One location