Reverse Loan Officer

Benchmark Mortgage • Colorado Springs, CO

133d

About The Position

With Relationships as one of Benchmark’s core values, building and maintaining relationships in order to source loan applications is the primary focus of our loan officers. The Loan Officer sources and originates loan applications from consumers and maintains relationships to develop and keep an active pipeline of applicants.

Requirements

• Minimum of 12 funded self-generated reverse mortgages in prior 12 months required.
• Has built a solid referral base.
• 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.

Nice To Haves

• Some college preferred.
• Professional certification (CRMP) a plus.

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.

Benefits

• Fast-paced environment.
• Frequent travel >50%.

What This Job Offers

• Education Level: High school or GED
• Number of Employees: 501-1,000 employees