Reverse Mortgage Loan Officer

Overview

New American Funding’s Reverse Mortgage Division is focused on helping homeowners age 62 and older understand and access the equity they have built in their homes to support their financial and retirement goals.

Reverse Mortgage Loan Consultants are experienced, self-generating mortgage professionals responsible for sourcing and generating new business, developing and maintaining referral relationships, and guiding borrowers through the reverse mortgage process. Loan Consultants leverage their existing professional networks while building new relationships with borrowers, referral partners, and industry professionals to grow their business and provide personalized reverse mortgage solutions based on each customer’s individual needs and financial goals.

Location: Remote

Salary: Commission Based (Basis Points TBD)

Responsibilities

• Builds rapport and leverages existing relationships with network and potential borrowers with the goal of helping customers achieve their mortgage financing goals.
• Consult with customers and analyze their financial situations to provide the appropriate solution and advice as to the best loan product for each customer.
• Ensure each loan meets the customer's needs as well as quality and marketability standards of New American Funding.
• Understand the process of loan origination and manage the loan application process in conjunction with operational support staff.
• Input and upload application and customer's information into loan origination software.
• Structure and price loans accurately and in accordance with NAF guidelines.
• Other duties may be assigned.

Qualifications

• Two or more years' full time reverse loan origination experience.

• Possess good judgment, problem solving and researching skills, and the ability to accept responsibility, complex situations and handle confidential information.

• Ability to structure and price loans.

• Active NMLS license.

• Excellent communication and relationship building skills.

• Self-motivated, self-starting mortgage professional.

• Experience with reverse mortgage loan product

Desired Education/Experience:

• High school diploma or general education degree (GED); two or more years' full time reverse loan origination experience in local market.

• Proven results as a loan originator and successful track record of strong production.

• Proven ability to self-source reverse mortgage business through an established network of referral partners, past clients, community relationships, and other business-development activities.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.

EOE/M/F/D/V. Drug-free workplace.

Work Authorization:

Must be able to verify identity and employment eligibility to work in the U.S.

New American Funding recruiters may contact candidates through LinkedIn, phone, text message, or email. Official email communications will come from an address ending in @nafinc.com. We will only request sensitive personal information through our secure application and onboarding systems—not through email, social media, text message, or instant messaging. New American Funding will never request payment from candidates at any stage of the recruitment process. 

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