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Non Union Reverse Mortgage Sales Jobs (NOW HIRING)

Longbridge Financial

Reverse Mortgage Closer

Mahwah, NJ · On-site

The Closer will work with Correspondent Partners, Title companies, Sales Advisors, Attorneys, etc ... reverse mortgage calculator to customize application packages based on client qualification. • ...

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Non Union Reverse Mortgage Sales information

Will MLO be replaced by AI?

In the context of non-union reverse mortgage sales, mortgage loan officers (MLOs) perform complex client interactions, financial assessments, and regulatory compliance tasks that are not easily automated by AI. While AI tools can assist with data analysis and lead generation, the role of an MLO requires interpersonal skills and industry knowledge that are unlikely to be fully replaced by AI in the near future.

What is the 60% rule in reverse mortgage?

The 60% rule in reverse mortgage sales refers to a guideline where lenders typically require borrowers to have at least 60% of the home's value in equity to qualify for a reverse mortgage. As a reverse mortgage sales professional, understanding this rule helps in assessing borrower eligibility and explaining loan options effectively.

How much does a mortgage broker make on a $500,000 mortgage?

A non-union reverse mortgage sales professional typically earns a commission based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 on a $500,000 mortgage. Compensation can vary depending on the company's structure, experience, and the specific loan terms, but commissions are the primary income source in this role.

What is the dark side of reverse mortgage?

For a non-union reverse mortgage sales role, understanding the dark side involves recognizing potential risks such as high fees, reduced equity for borrowers, and the possibility of foreclosure if loan terms are not met. Sales professionals must ensure clients fully understand these risks and comply with regulations to avoid ethical issues or legal consequences.
What cities are hiring for Non Union Reverse Mortgage Sales jobs? Cities with the most Non Union Reverse Mortgage Sales job openings:
What are the most commonly searched types of Reverse Mortgage Sales jobs? The most popular types of Reverse Mortgage Sales jobs are:
What states have the most Non Union Reverse Mortgage Sales jobs? States with the most job openings for Non Union Reverse Mortgage Sales jobs include:
Non Union Reverse Mortgage Sales jobs near you
Mortgage Loan Processor - Reverse

Mortgage Loan Processor - Reverse

Mutual of Omaha Mortgage

Las Vegas, NV • Remote

$24 - $30/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Mutual of Omaha is a Fortune 300 Company with an iconic brand and outstanding customer loyalty. 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 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

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