Reverse Mortgage Loan Originator

Reverse Mortgage Loan Originator
Job Description
I. OVERVIEW

Under the direction of the SVP of Reverse Mortgage, performs office or non-manual work directly related to the management and general business operations of Supreme Lending. Independently develops, manages, and originates reverse mortgage transactions by marketing and promoting Supreme Lending's reverse mortgage products and services to prospective borrowers, financial professionals, referral partners, and existing clients.

Utilizes extensive reverse mortgage knowledge and experience to educate borrowers and their families, assess individual financial circumstances, identify appropriate lending solutions, and manage the origination process from initial inquiry through closing. Maintains responsibility for servicing their own pipeline, proactively managing customer relationships, coordinating loan requirements, and ensuring a positive borrower experience throughout the transaction.

II. EXPECTATIONS

• Independently markets and promotes Supreme Lending's reverse mortgage products and services, including FHA-insured HECM and proprietary reverse mortgage programs.
• Originates a minimum average of two closed transactions per month through self-generated business, referral relationships, and other lead sources.
• Develops, establishes, and maintains relationships with financial advisors, estate planning attorneys, financial planners, real estate professionals, senior-focused organizations, and other referral partners to generate and retain reverse mortgage business.
• Educates prospective borrowers, their families, and referral partners on reverse mortgage products, program requirements, benefits, limitations, and potential financial implications.
• Conducts comprehensive consultations to understand the borrower's financial objectives, assess individual circumstances, and determine the most appropriate reverse mortgage solutions.
• Evaluates available reverse mortgage products, interest rate options, principal limit calculations, and loan structures to identify solutions that best meet the borrower's needs and financial goals.
• Advises borrowers regarding the advantages, disadvantages, costs, obligations, and alternatives associated with reverse mortgage financing.
• Takes complete and accurate loan applications and obtains all required borrower, property, and financial information necessary to initiate and advance the loan process.
• Independently manages and maintains an active pipeline of reverse mortgage transactions, taking ownership of each loan from initial inquiry and application through closing.
• Proactively monitors loan progress, identifies potential obstacles, resolves issues when possible, and coordinates with processing, underwriting, closing, and other internal departments to facilitate timely closings.
• Maintains consistent communication with borrowers, family members, referral partners, and all parties involved in the transaction, providing updates and addressing questions throughout the loan process.
• Coordinates the collection of required borrower documentation, property information, financial records, counseling documentation, and other supporting materials necessary to meet program and underwriting requirements.
• Identifies and addresses potential eligibility, title, property, financial assessment, and underwriting concerns early in the origination process.
• Maintains a thorough understanding of FHA HECM guidelines, proprietary reverse mortgage products, investor requirements, applicable state regulations, and industry developments.
• Ensures that all loan origination activities comply with applicable federal and state laws, regulatory requirements, investor guidelines, and Supreme Lending policies and procedures.
• Maintains ongoing relationships with existing borrowers and referral partners to encourage repeat business, referrals, and continued engagement.
• Utilizes available company resources, technology, and origination systems to manage loan activity, maintain accurate records, and ensure timely completion of required tasks.
• Stays abreast of changes in the reverse mortgage industry, competitive lending environment, interest rates, product guidelines, and market conditions.
• Maintains a professional image and adheres to standards consistent with company policies, procedures, and expectations.
• May supervise, mentor, or provide guidance to other loan originators, loan officer assistants, or support personnel, as assigned.
• Performs other duties as assigned.

III. REQUIRED EXPERIENCE & KNOWLEDGE:

• High school diploma or equivalent; additional education or professional training preferred.
• Active Mortgage Loan Originator license in applicable states, as required by state and federal regulations.
• Minimum of five years of mortgage loan origination experience, with substantial demonstrated experience originating reverse mortgage transactions.
• Demonstrated knowledge of FHA-insured HECM programs, proprietary reverse mortgage products, investor guidelines, and applicable federal and state regulatory requirements.
• Proven ability to independently generate business, develop referral relationships, and consistently meet or exceed production expectations.
• Demonstrated ability to manage an active loan pipeline independently, prioritize competing demands, and proactively move transactions from application through closing.
• Excellent interpersonal, consultative sales, presentation, negotiation, and customer service skills, with the ability to communicate complex financial concepts in a clear and understandable manner.
• Strong judgment, problem-solving, decision-making, and analytical skills.
• Ability to assess and interpret borrower financial information, property information, and loan eligibility requirements.
• Proficiency in mortgage origination software, company systems, and other applicable technology.
• Ability to interact effectively with regional and corporate departments, borrowers, family members, financial advisors, attorneys, referral partners, appraisers, and other industry professionals.
• Maintains an active professional network and participates in industry-related organizations and community activities to develop and expand business opportunities.
• Demonstrates a commitment to continued professional development and maintaining current knowledge of reverse mortgage products, guidelines, regulations, and industry trends.
• Valid driver's license and current automobile liability insurance, as required for business-related travel.

DISCLAIMER: The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the company.

Work Type: Remote