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Freelance Reverse Mortgage Loan Processor Jobs (NOW HIRING)

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Freelance Reverse Mortgage Loan Processor information

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$28.5K

$50.9K

$94.5K

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

As of Aug 15, 2026, the average yearly pay for freelance 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.

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

AspectFreelance Reverse Mortgage Loan ProcessorReverse Mortgage Underwriter
CredentialsExperience in loan processing, industry certifications optionalMortgage underwriting certifications often preferred
Work EnvironmentRemote, freelance or contract basisTypically in-office or remote, employed by lenders
Job FocusGathering documents, verifying borrower info, preparing loan filesAssessing risk, verifying compliance, approving or denying loans
Industry UsageCommon in mortgage processing companies and freelance platformsIntegral part of mortgage lending teams

The Freelance Reverse Mortgage Loan Processor primarily handles document collection and loan file preparation, often working remotely on a freelance basis. In contrast, the Reverse Mortgage Underwriter evaluates loan risk and makes approval decisions, usually within a lender's team. Both roles require mortgage industry knowledge but differ in responsibilities and work settings.

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Freelance Reverse Mortgage Loan Processor jobs near you
Infographic showing various Freelance Reverse Mortgage Loan Processor job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 11% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $50,903 per year, or $24.5 per hour.

Mortgage Loan Processor - Reverse

Mutual of Omaha Mortgage

Remote

$24 - $30/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 21 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