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Commission Reverse Mortgage Loan Processor Jobs (NOW HIRING)

Opulence Funding LLC

Reverse Mortgage Loan Processor

NY · Remote

$40K - $56K/yr

Process reverse mortgage loan files from application through closing * * Review and organize borrower documentation to ensure complete and accurate loan files * * Prepare and distribute required ...

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All JobsReverse Mortgage Loan Processor JobsCommission Reverse Mortgage Loan Processor Jobs

Commission Reverse Mortgage Loan Processor information

See salary details

$28.5K

$50.9K

$94.5K

How much do commission reverse mortgage loan processor jobs pay per year?

As of Aug 8, 2026, the average yearly pay for commission reverse mortgage loan processor in the United States is $50,903.00, according to ZipRecruiter salary data. Most workers in this role earn between $40,000.00 and $55,000.00 per year, depending on experience, location, and employer.

Do commission reverse mortgage loan processors make commission?

Commission reverse mortgage loan processors typically do not earn commissions; they are usually salaried employees or paid hourly. Their compensation is often based on a fixed salary, and they focus on processing loan applications efficiently and accurately. Commission structures are more common for loan originators or sales roles rather than processing positions.

What is the difference between Commission Reverse Mortgage Loan Processor vs Mortgage Underwriter?

AspectCommission Reverse Mortgage Loan ProcessorMortgage Underwriter
CredentialsLoan processing certifications, knowledge of reverse mortgage regulationsMortgage licensing, underwriting certifications
Work EnvironmentLoan processing departments, remote or office settingsUnderwriting departments, office-based or remote
Employer & IndustryMortgage lenders, reverse mortgage companiesMortgage lenders, banks, financial institutions
Search & Comparison IntentUnderstanding roles in reverse mortgage processingEvaluating mortgage approval and risk assessment

The Commission Reverse Mortgage Loan Processor focuses on handling reverse mortgage loan applications, verifying documents, and ensuring compliance. In contrast, a Mortgage Underwriter assesses the risk of mortgage loans, reviews financial documents, and approves or denies loan applications. Both roles require mortgage industry knowledge and certifications but serve different stages in the loan process.

Is a commission reverse mortgage loan processor a difficult job?

A commission reverse mortgage loan processor's job involves reviewing and verifying loan documents, ensuring compliance, and coordinating with clients and lenders. It requires attention to detail, knowledge of mortgage regulations, and proficiency with processing software, but the difficulty level varies based on experience and workload.
What cities are hiring for Commission Reverse Mortgage Loan Processor jobs? Cities with the most Commission Reverse Mortgage Loan Processor job openings:
What are the most commonly searched types of Reverse Mortgage Loan Processor jobs? The most popular types of Reverse Mortgage Loan Processor jobs are:
What states have the most Commission Reverse Mortgage Loan Processor jobs? States with the most job openings for Commission Reverse Mortgage Loan Processor jobs include:
Commission Reverse Mortgage Loan Processor jobs near you

Mortgage Loan Processor - Reverse

Mutual of Omaha Mortgage

Remote

$24 - $30/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 14 days ago

Job description

Reverse Mortgage Loan Processor

Mutual of Omaha Mortgage is a full-service lending company offering both forward and reverse mortgage products including a complete line of residential mortgage, refinancing, specialty, and HECM loans. We employ a knowledgeable staff of experienced loan officers with an operations team that is second to none. If you are interested in joining a team that promotes from within and works together toward a common goal of helping customers with their mortgage needs, please review and apply for our opening below! Prior reverse mortgage experience is required.

Duties and Responsibilities:

  • Effectively manage and process a full pipeline of mortgage loan files
  • Evaluate loan files for regulatory compliance and completeness
  • Accurately review and input pertinent loan data into operational systems
  • Order supplementary vendor products, such as title reports and property appraisals
  • Obtain required underwriting conditions from loan officer and/or loan applicant(s)
  • Utilize FHA Connection to update loan data as needed
  • Communicate pipeline and file status to retail sales channels and management
  • Work closely with all operational departments to establish productive and efficient workflows
  • Complete required checklists and worksheets

Experience and Education:

  • Minimum 2 years in reverse mortgage loan processing required
  • Bachelor's degree preferred, but not required
  • Excellent computer skills with the ability to learn new systems
  • Knowledge of MS Office products
  • Strong customer service and time management skills a must
  • Highly motivated and determined to succeed in a competitive, time sensitive industry

The hourly rate for this position is $24-30 per hour. Mutual of Omaha Mortgage is an equal opportunity employer, and we encourage diverse, talented, qualified applicants to apply. We offer an extensive compensation package. Benefits include:

  • Vacation — Vacation hours accrue on a per pay period basis. Balance maximums are based on years of service.
  • Paid Sick Time — 40 hours of paid sick time after 90 days of employment. State sick time requirements will be added as needed.
  • 9 Paid Holidays + 1 Cultural Celebration Day (Floating Holiday)
  • Multiple PPO Medical Plans, as well as HDHP eligible plan.
  • Dental Coverage
  • Vision Coverage
  • Company Paid Life Insurance
  • 401K with a generous employer match
  • Additional benefits including – Optional Life, FSA, Pet Insurance etc.
  • Free Legal Services
  • Employee Loan Program
  • 100% Remote

Apply