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Volunteer Reverse Mortgage Loan Processor Jobs (NOW HIRING)

Benchmark Mortgage

Reverse Loan Officer

Ada, MI · On-site

Knowledge of the mortgage loan process * Proven ability to monitor and track multiple deadlines Experience Requirements: * Minimum of 12 funded self-generated reverse mortgages in prior 12 months ...

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Volunteer Reverse Mortgage Loan Processor information

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$28.5K

$50.9K

$94.5K

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

As of Aug 2, 2026, the average yearly pay for volunteer 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.

How to get experience as a loan processor?

To gain experience as a volunteer reverse mortgage loan processor, start by understanding mortgage loan procedures, financial documentation, and compliance standards. Entry-level roles often require familiarity with loan processing software and strong attention to detail, and gaining relevant certifications can enhance your qualifications. Internships or volunteering in financial or real estate offices can also provide practical experience.

What is the 60% rule in reverse mortgage?

The 60% rule in reverse mortgage processing refers to the guideline that the total loan amount should not exceed 60% of the home's appraised value to ensure loan eligibility and compliance. As a reverse mortgage loan processor, understanding this rule helps verify borrower qualifications and maintain adherence to lending standards.

What is the difference between Volunteer Reverse Mortgage Loan Processor vs Reverse Mortgage Loan Officer?

AspectVolunteer Reverse Mortgage Loan ProcessorReverse Mortgage Loan Officer
Primary RoleReviews and processes reverse mortgage loan applications, ensuring documentation accuracySells reverse mortgage products, advises clients, and originates loans
CredentialsKnowledge of loan processing, certifications vary; often requires mortgage processing experienceLicensing (e.g., NMLS), sales skills, and industry certifications
Work EnvironmentTypically office-based, supporting loan processing teamsOffice or client-facing, involved in sales and client consultations

The Volunteer Reverse Mortgage Loan Processor focuses on reviewing and processing loan applications, while the Reverse Mortgage Loan Officer actively sells and originates reverse mortgage loans. Both roles require industry knowledge, but their daily tasks and responsibilities differ significantly.

What is the dark side of reverse mortgage?

A reverse mortgage loan processor should be aware that the dark side of reverse mortgages includes potential risks such as high fees, reduced inheritance for heirs, and the possibility of foreclosure if loan conditions are not met. Borrowers may also face complex terms that can lead to financial difficulties if not properly explained or managed.

How much does a loan officer make on a $500,000 loan?

A volunteer reverse mortgage loan processor typically does not earn a commission based on loan amounts; however, in paid roles, loan officers often earn a commission or fee that can range from 0.5% to 1% of the loan amount. For a $500,000 loan, this could translate to $2,500 to $5,000 in commissions or fees, depending on the company's compensation structure and the loan's specifics. Compensation may also include base salary, bonuses, or incentives based on performance and experience.
What cities are hiring for Volunteer Reverse Mortgage Loan Processor jobs? Cities with the most Volunteer 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 Volunteer Reverse Mortgage Loan Processor jobs? States with the most job openings for Volunteer Reverse Mortgage Loan Processor jobs include:
Volunteer Reverse Mortgage Loan Processor jobs near you
Infographic showing various Volunteer Reverse Mortgage Loan Processor job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 88% Full Time, 7% Part Time, and 4% Contract. Highlights an 97% Physical, 1% 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

San Diego, CA • On-site, Remote

$24 - $30/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 17 days ago

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

Apply