Loan Processor, Reverse Mortgages

CMG Financial

8d•$25 - $30•Onsite

About The Position

CMG Home Loans is hiring a Reverse Loan Processor who is responsible for assisting in the processing of reverse mortgage applications, ensuring all necessary documentation is collected, verified, and submitted in a timely and accurate manner. This role involves working closely with applicants, loan officers, underwriters, and other teams to ensure a smooth and efficient loan origination process.

Requirements

4-5 years Reverse Mortgage loan processing experience.
Experience processing HECM and proprietary reverse mortgage products.
Excellent customer service skills.
Strong knowledge of mortgage lending laws, policies, and procedures, especially reverse mortgage guidelines.
Excellent organizational skills and attention to detail.
Strong written and verbal communication skills.
Ability to prioritize and work independently with minimal supervision.
Proficient in Microsoft Office, Word, Excel, Outlook, etc.
Ability to work in a fast paced fluid environment.
High level of integrity and confidentiality required.

Nice To Haves

Retail processing experience preferred.

Responsibilities

Process reverse mortgage loans in a manner consistent with company policies, procedures, and all applicable regulatory requirements.
Obtain and review required loan documentation from borrowers, ensuring completeness and accuracy.
Submit complete loan packages to underwriting for approval.
Manage a pipeline of loans, ensuring timely progression of loans through each stage of the processing cycle.
Maintain a compliant and efficient flow of loans, meeting deadlines and minimizing delays.
Communicate with loan officers, borrowers, title companies, builders, and agents to gather necessary information and keep all parties informed.
Provide exceptional customer service through effective communication with internal and external customers, ensuring borrower needs are met.
Monitor and ensure all loan deadlines, including closing dates, are met in compliance with company and regulatory standards.
Ensure that all underwriting conditions are addressed and cleared by the underwriter before preparing files for submission to the Closing Department.
Keep current with changes in industry policies, procedures, standards, and regulations, particularly those related to reverse mortgages.
Apply local, state, and federal regulations as they pertain to mortgage loan processing.
Comply with all company policies and procedures and ensure strict adherence to legal and regulatory requirements.
Ensure that all necessary documents are verified and obtained before preparing the file for the Closing Department.
Coordinate closely with the Closing Department to ensure smooth and accurate closing.