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Hourly Reverse Mortgage Counselor Jobs in Chicago, IL

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Hourly Reverse Mortgage Counselor information

See Chicago, IL salary details

$18

$23

$31

How much do hourly reverse mortgage counselor jobs pay per hour?

As of Sep 6, 2026, the average hourly pay for hourly reverse mortgage counselor in Chicago, IL is $23.52, according to ZipRecruiter salary data. Most workers in this role earn between $20.82 and $24.76 per hour, depending on experience, location, and employer.

What is an hourly reverse mortgage counselor?

Hourly Reverse Mortgage Counselors are professionals who provide guidance to individuals considering or applying for reverse mortgages. They help clients understand the terms, benefits, and risks associated with reverse mortgage products, usually during required counseling sessions. These counselors are typically certified and work on an hourly basis, offering impartial advice to ensure clients are making informed financial decisions. Their role is crucial for seniors and their families to fully comprehend all aspects before proceeding with a reverse mortgage.

What are the key skills and qualifications needed to thrive as an hourly reverse mortgage counselor?

To thrive as an Hourly Reverse Mortgage Counselor, you need a solid understanding of reverse mortgage products, relevant regulations (such as HUD guidelines), and typically must hold HUD-approved HECM counselor certification. Familiarity with specialized counseling software, loan origination systems, and secure document management tools is crucial. Strong interpersonal skills, patience, and the ability to explain complex financial concepts clearly help build client trust and ensure informed decisions. These skills are vital to provide accurate guidance, maintain regulatory compliance, and support seniors in making sound financial choices.

What are some common challenges faced by hourly reverse mortgage counselors, and how can they be addressed?

Hourly Reverse Mortgage Counselors often encounter challenges such as explaining complex loan products in simple terms and helping clients understand the long-term implications of reverse mortgages. They may also face emotional conversations, as clients are often seniors making significant financial decisions. To address these challenges, counselors should maintain strong communication skills, exercise patience, and stay current with regulatory changes. Collaborating with other counselors and attending regular training sessions can also help in providing accurate, empathetic guidance.

What is the difference between Hourly Reverse Mortgage Counselor vs Reverse Mortgage Loan Officer?

AspectHourly Reverse Mortgage CounselorReverse Mortgage Loan Officer
CredentialsHUD-approved counseling certification, licensing as requiredLoan originator license, industry certifications
Work EnvironmentConsultation sessions, client education, counseling sessionsSales meetings, client consultations, loan processing
Primary RoleEducate clients about reverse mortgages, ensure understanding, provide unbiased advicePromote and originate reverse mortgage loans, sales-focused

While both roles involve working with reverse mortgage clients, the Hourly Reverse Mortgage Counselor primarily provides unbiased education and counseling to help clients understand their options. In contrast, the Reverse Mortgage Loan Officer focuses on originating loans and sales. The counselor's role is more advisory, whereas the loan officer's role is sales-driven and transactional.

What are the most commonly searched types of Reverse Mortgage Counselor jobs in Chicago, IL?

The most popular types of Reverse Mortgage Counselor jobs in Chicago, IL are:

What are popular job titles related to Hourly Reverse Mortgage Counselor jobs in Chicago, IL?

For Hourly Reverse Mortgage Counselor jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Hourly Reverse Mortgage Counselor jobs in Chicago, IL look for?

The top searched job categories for Hourly Reverse Mortgage Counselor jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Hourly Reverse Mortgage Counselor jobs?

Cities near Chicago, IL with the most Hourly Reverse Mortgage Counselor job openings:

Hourly Reverse Mortgage Counselor jobs near you

Retail Mortgage Loan Officer

Mutual of Omaha Mortgage

Addison, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 22 days ago

Job description

Are you currently a productive loan officer wanting to take your business to the next level? If so, join the team at Mutual of Omaha Mortgage. We are part of the iconic brand and nationally recognized Fortune 300 company that has been in business over 100 Years!
Mutual of Omaha Mortgage is inspired by hometown values and a commitment to being responsible and caring for each other. We exist for the benefit of our customers and employees.
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 are a FannieMae, FreddieMac and GinnieMae approved seller/servicer.
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!
Job Purpose
The LO plays an important role in the organization by performing a number of activities related to the company's retail branch operations functions. The role is primarily responsible, under intermittent supervision, for fostering quality relationships with realtors and borrowers while completing the origination processing of loan applications, providing loan disclosures, and reviewing files for completeness, accuracy, and adherence to all guidelines.
Duties
  • Promote Mutual of Omaha's competitive mortgage products, services and programs.
  • Render exemplary customer service while acting as the primary contact for clients and realtors•
  • Identify the current and future needs of your clients to help them protect their financial kingdom.
  • Deliver answers to questions relating to the client's application for all parties concerned.
  • Ensure that all timelines are met and communicated to all parties concerned.
Responsibilities
  • Gather and review necessary application loan documentation.
  • Problem solve to ensure timely closing.
  • Comply with company and regulatory rules.
  • Participate in activities that will generate more business
  • Stay abreast of industry trends; serve as a knowledge source for clients and realtors regarding available loan programs and guidelines
  • Maintain minimum standards for production and quality
Qualifications
  • Current or previous loan officer experience.
  • Product knowledge and understanding of the Mortgage Business
  • Energetic, outgoing, and persuasive. Demonstrated ability to cultivate and develop relationships with realtors, builders, attorneys, accountants, etc.
  • Possess the ability to quickly identify customer's goals and objectives.
  • Strong ability and passion for closing deals and negotiating.
  • Is an ambitious professional who is motivated by the opportunity for advancement and uncapped earnings potential.
  • Flexible and adaptable, learns and reacts quickly in a fast-paced environment, able to multi-task.
  • Excellent computer skills and working knowledge of MS Office products.
  • Proven recent history of meeting loan production requirements.
Individual NMLS License preferred. State/local minimum wage base hourly + an aggressive incentive package
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:
  • 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
  • Additional Benefits including - Optional Life, FSA, Pet Insurance etc.
  • 401K with a generous employer match
  • Free Legal Services
  • Employee Loan Program

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