Reverse Mortgage Loan Officer
Location: Providence, Rhode Island
Description: AAA Southern New England is at the momment seeking for Reverse Mortgage Loan Officer right now, this career will be reside in Rhode Island. For complete informations about this career opportunity please read the description below. AAA is a civic, not-for-profit organization rendering valuable service to the public, as well as many specialized services for the exclusive benefit of i! ts members such as Automotive Services, Financial Services, Insurance and Travel. AAA Southern New England employees help and serve as a way of life. Through a 100-year legacy of service stewardship, our employees make valuable contributions to our workplace and the community that surrounds us.
SUMMARY
Procures reverse mortgage loan financing business by promoting AAASNE Bank to real estate agents, financial planners, CPAs, attorneys and other sources. Builds professional relationships with these sources to create a personal body of business from which future mortgage referrals can be secured. While representing the Club, independently participates in external marketing efforts such as realtor open houses, home buyer seminars and expos, making contacts through community activities, networking and developing both the Club’s and Consultant’s personal reputation as a trusted mortgage advisor to customers and networking sources. Originates quality Reverse (HECM! ) mortgage loans, manages members through the entire loan proc! ess, following industry and Club protocol for providing quotes and obtaining documentation, while delivering Five Diamond Service during all business and networking transactions.
JOB RESPONSIBILITIES
Market and promote AAASNE Bank to real estate agents, financial planners, CPAs, attorneys, corporate Human Resource managers and other sources to build a personal body of business through which mortgage loan business is generated.
Identify, select and participate in opportunities to independently represent the Club at external events such as seminars, expos, conventions, open houses, etc., in order to build community and professional network and heighten the Club’s profile in the mortgage industry. May also participate with other team members in Club-originated or -sponsored events.
Follow up on all leads resulting from networking and outreach activities in a timely manner, evaluate borrower needs and recommend appropriate mortgage financin! g programs.
Participate in the lead rotation process and follow-up on leads generated as a result of Club marketing efforts in a timely manner, adhering to departmental and Club standards.
Facilitate the lending process and manage the member through the entire loan process, serving as the main contact and “face or voice of the Club†for the member.
Maintains complete, thorough and accurate conversation logs for all prospects, pre-approval, and loan applications in the Loan Origination System.
Provides all disclosures determined to be required by federal and/or state laws and regulations or under lender and/or Bank requirements within mandated time frames.
Ensure receipt of all appropriate documentation, provide information necessary to third-party for property appraisals, transition information to the Mortgage Loan Processor and discuss or meet regularly to review status of applications in process.
Follow the loan th! rough the approval process, responding to requests to obtain additional! information from the member as well as keeping the member updated on the status of the loan, and advise operations personnel of any special requirements related to individual loans.
Safeguard Club goodwill by ensuring timely and accurate processing of loan applications, maintaining confidentiality of the member’s personal information, proactively working to prevent errors which could impact business line profitability or reputation and undermine member confidence.
Maintain a professional knowledge of all technical aspects of the mortgage industry, develop and enhance knowledge of financial market terms and trends, and utilize knowledge to provide complete service to the member.
QUALIFICATIONS
EDUCATION & EXPERIENCE:
Associate's degree preferred
One to three years experience in the mortgage industry required
Must be licensed through the NMLS under National and State SAFE regulations for all States/territories in which! the Club conducts business (currently RI, MA and CT), and participate in Continuing Education and other activities required to maintain licensed status.
Must meet requirements of wholesale lenders and/or investors, including but not limited to, having no adverse reports in national MARI database, no reporting’s on HUD/FHA Excluded Parties list, etc.
TECHNICAL SKILLS:
Technical knowledge of mortgage industry and its regulations required (i.e. ECOA, RESPA, HMDA and Regulation Z, and FHA guidelines, etc.)
Demonstrated sales skills
Ability to operate a personal computer with applicable software, may be required to test for basic skills such as MS Outlook, Word and/or other regularly used software
TRAVEL:
This position spends a significant amount of time on the road meeting with prospective customers, networking with industry professionals, hosting home buying seminars, and attending expos, realtor open houses, etc. The abil! ity to effectively conduct business in this manner (having access to re! liable transportation) is required
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If you were eligible to this career, please email us your resume, with salary requirements and a resume to AAA Southern New England.
Interested on this career, just click on the Apply button, you will be redirected to the official website
This career will be started on: Thu, 03 Oct 2013 08:02:22 GMT
Apply Reverse Mortgage Loan Officer Here