Loan Officer – Reverse Mortgage

Job Description

Reverse Mortgage Originator Development Program | Mutual of Omaha Mortgage

The Tone:
This is a 12-month development program at Mutual of Omaha Mortgage, located in St. George, UT. Mutual of Omaha Mortgage is an established Fortune® 300 organization, founded in 1909, boasting over 100 years of success and stability in the financial industry. This program presents a significant opportunity to launch a career in the reverse mortgage industry. The role is integral to the company’s mission, focusing on working directly with retirees to strategically improve the sustainability of their retirement income through specialized mortgage solutions, thereby offering a rewarding career path with extensive support and training.

The TL;DR
• Role: Early Career Development Program
• Type: Full-time
• Location: In-person, St George, UT
• Pay: Loan Officers on average earn $150,000 annually, with an initial hourly market-based non-recoverable draw of $11.54 – $18.69 plus commission for the first 12 months.
• Mission: To strategically improve the sustainability of retirees’ retirement income through reverse mortgage solutions.

What You’ll Actually Do
• Develop Expertise: Participate in a comprehensive 12-month development program designed to launch your career into the reverse mortgage industry, receiving industry-leading training from the nation’s top sales leaders.
• Client Engagement: Work directly with retirees, leveraging specialized knowledge and strategic insights to improve the sustainability of their retirement income through reverse mortgage solutions.
• Business Growth: Utilize the robust tools, training, and world-class sales, marketing, and operations support provided by a Fortune® 300 organization to build and grow your reverse mortgage business.
• Sales Process Application: Implement and refine a revolutionary sales process specifically designed for effective engagement and collaboration with both individual consumers and professional partners.
• Achieve Financial Goals: Benefit from a leading-edge compensation package that includes an hourly market-based non-recoverable draw for the first 12 months, aiming for an average annual earning of $150,000 or more.

The Must-Haves
• Background: Entry-Level. This development program is specifically designed for individuals eager to launch and build a successful career within the reverse mortgage industry.
• Experience: No specific prior experience in reverse mortgages is required, as comprehensive training is provided. However, general experience in sales or financial services can be advantageous.
• Skills: Strong aptitude for learning complex financial products, excellent interpersonal communication for working with retirees and professionals, and a driven, results-oriented sales mindset.
• Bonus: Prior experience as a successful traditional mortgage loan originator is highly encouraged and valued for this program.