Reverse Mortgage Closer

CMG Financial is looking to add an experienced Reverse Closer to their growing Reverse Mortgage Group. 

Responsible for closing and funding Reverse Mortgage loans, ensuring that all required documentation is in each file and compliance with state and federal regulations. Looking for candidates who want to grow with the group.

ESSENTIAL DUTIES and RESPONSIBILITIES, includes the following responsibilities, but not limited to:

• Maintains current knowledge of policies and procedures as they relate to documents, funding, insuring, and post-closing requirements.
• Prepares/reviews daily reports and monitors workflow and turn times.
• Interfaces with warehouse and post-closing teams to ensure quality of funding packages.
• Draw loan docs, fund, or ship loans.
• Working knowledge of Reverse Mortgage Closings and experience in Closing Disclosure preparation.
• Communicate with Processors, Brokers, Escrow Officers and Settlement Agents to keep them updated throughout the closing process and close loans in a timely manner.
• Draw mortgage closing documents for wet and dry state loans.
• Meet production and quality standards consistently.

QUALIFICATIONS AND EXPERIENCE:

• Must have at least 3+ years of closing and funding experience with Reverse Mortgages.
• Wholesale, PA, and Correspondent experience preferred.
• Familiarity with reading and interpreting insurance policies, title reports, appraisals and settlement statements.
• Strong knowledge of mortgage banking industry.
• Ability to work remote.
• Working knowledge of industry regulations.
• Experience with Quantum Reverse preferred.
• Proficient with Microsoft Word, Excel, and Outlook systems.
• Ability to work in a fast paced, fluid environment.
• Strong communication, interpersonal and organizational skills.
• Proven leadership skills with ability to motivate subordinates.
• High level of integrity and confidentiality required.

SUPERVISORY RESPONSIBILITIES:

Direct Reports:  N/A

PHYSICAL and ENVIRONMENTAL CONDITIONS:

This role operates in an ADA compliant office environment, utilizing typical office equipment and tasks including computer work. The position may involve partial stationary positions and moving throughout the day. Flexibility to work overtime to meet project deadlines is required.

Compensation Information:

CMG pays a competitive hourly rate of $25.00 to $30.00 per hour plus bonus. Factors that affect base salary may include: Reverse Closing/Funding experience, overall knowledge, number of years worked in mortgage industry, types of roles performed, computer skills, experience specific to working with mortgage lenders, and education.