Reverse Mortgage Loan Officer

LeaderOne Financial Corporation - Cleveland, OH4.0

Full-timeEstimated: $81,000 - $120,000 a year

Are you tired of chasing down realtors for business?

Are you constantly disappointed that every time interest rates increase it destroys your refinance opportunities?

The reverse mortgage is an insulated loan product that is very minimally affected by interest rate increases.

Furthermore, the senior market is the largest demographic group in the nation and its growing rapidly!

Approximately 10,000 people turn 62 every day according to many credible sources.

We are seeking seasoned licensed reverse loan originators who are tired of drumming up their own business and unhappy with their current basis point type compensation.

We are also seeking seasoned licensed traditional loan originators to teach them how to originate reverse mortgage loans.

We will provide you with 3-5 exclusive live transfer leads EVERYDAY from our internally managed telemarketing call center.

  • Must have a currently active NMLS loan originator license in at least one state but be willing to obtain licenses in multiple states.
  • Remote loan originators OK.
  • 3-5 daily exclusive live transfer leads are provided to each loan originator from our internally managed telemarketing call center
  • Adjustable rate reverse mortgage loans are HELOC’s “open ended”. Therefore, we compensate our loan originators with a percentage of the combined total origination fee on open ended reverse mortgages!

Job Title: Reverse Mortgage Loan Officer

Department / Level: Branch

Reports To: Branch Manager

Status: Non-Exempt


  • An Extremely Competitive Compensation and Benefits Plan
  • Leads Provided
  • Health, Dental, Vision, Life and 401k Benefits
  • Competitive Rates and Diverse Product Lines
  • Dedicated In-House Processing, Underwriting Teams
  • Mentoring from Top Originators
  • Database Management Tools
  • Marketing Set-up and Support to Facilitate a Powerful Social Media and Web Presence
  • A Dynamic, Successful and Fun Workplace

Summary: Working side by side with a highly experienced Reverse Mortgage manager, this position will handle inbound Reverse Mortgage and refinance leads from around the country. Training on Reverse Mortgage products provided.


This position requires National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z. You will be subject to the required registration process, which includes a criminal background and credit check. Failure to meet or maintain any of the NMLS registration requirements, including maintaining a satisfactory criminal and credit record, may result in a rescission of your offer or termination of employment.

Preferred Skills/ Experience:

- Well-developed sales ability - Thorough knowledge of pricing and underwriting requirements of various mortgage insurance companies - Working knowledge of underwriting requirements for USDA, FHA, VA, local bonding programs, and private investors, as gained through on the job training or some real estate brokerage experience - Basic knowledge of local, state and national mortgage laws

- Ability to work independently - Ability to analyze financial information - Excellent verbal and written communication skills

LeaderOne Financial is an Equal Opportunity Employer. Equal Housing Lender, NMLS# 12007. LeaderOne Financial Corporation provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, LeaderOne Financial Corporation complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.

Job Type: Full-time

Job Type: Full-time


  • mortgage origination: 1 year (Required)


  • NMLS (Required)

Additional Compensation:

  • Commission
  • Bonuses

Work Location:

  • One location


  • Health insurance
  • Dental insurance
  • Vision insurance
  • Retirement plan
  • Paid time off
  • Professional development assistance

Paid Training:

  • Yes


  • Store Manager

This Job Is Ideal for Someone Who Is:

  • People-oriented -- enjoys interacting with people and working on group projects
  • Achievement-oriented -- enjoys taking on challenges, even if they might fail
  • High stress tolerance -- thrives in a high-pressure environment


  • Monday to Friday