Benchmark Mortgage (NMLS #2143) · 1 day ago
Reverse Loan Officer
Ada, MI
Full-time
Onsite
Mid LevelBenchmark Mortgage is a company focused on building and maintaining relationships to source loan applications. The Reverse Loan Officer is responsible for originating loan applications, maintaining a pipeline of applicants, and educating consumers about reverse mortgage programs.
BankingFinancial ServicesLendingMortgage
Responsibilities
Establish and maintain relationships through frequent travel with individuals including existing clients, past clients, and real estate professionals to generate business referrals
Maintain a pipeline of applications within federal and state regulations
Analyze reverse mortgage applications and determine the programs best meeting the needs of the consumer
Gather required application data and provide initial documents and disclosures to the applicant
Communicate and educate the consumer on qualified programs (both HECM and proprietary products if eligible) including benefits and risks
Support communication through the loan process between operations staff and the borrower
Provide all applicable initial documents and disclosures to the loan processor
Work with assigned Benchmark branch(s) in the training, marketing and assisting in all aspects of Benchmarks’ reverse mortgage program
Other duties as assigned
Qualification
Required
Strong service-oriented mindset
Prior, proven reverse mortgage loan sale experience
Excellent communication skills
Proven knowledge of reverse mortgage lending
Knowledge of compliance, Quantum Reverse or Reverse Vision and regulatory requirements
Establish and maintain relationships through frequent travel with individuals including existing clients, past clients, and real estate professionals to generate business referrals
Maintain a pipeline of applications within federal and state regulations
Analyze reverse mortgage applications and determine the programs best meeting the needs of the consumer
Gather required application data and provide initial documents and disclosures to the applicant
Communicate and educate the consumer on qualified programs (both HECM and proprietary products if eligible) including benefits and risks
Support communication through the loan process between operations staff and the borrower
Provide all applicable initial documents and disclosures to the loan processor
Work with assigned Benchmark branch(s) in the training, marketing and assisting in all aspects of Benchmarks' reverse mortgage program
Strong communication skills
Ability to generate leads
Customer service oriented
Proven ability to prioritize and multi-task
Knowledge of various reverse mortgage loan products
General knowledge of credit reports and Financial Assessment including Residual Income calculations
Ability to adapt to market changes
Knowledge of the mortgage loan process
Proven ability to monitor and track multiple deadlines
Minimum of 12 funded self-generated reverse mortgages in prior 12 months required
Has built a solid referral base
High school diploma or equivalent required
Licensed in market area and registered nationally in NMLS
Preferred
Some college preferred
Professional certification (CRMP) a plus
Company
Benchmark Mortgage (NMLS #2143)
A community of mortgage professionals Benchmark is a full-service mortgage banker and seller-servicer.
Founded in 1999
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
James Poulin
Chief Credit Officer
Company data provided by crunchbase