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Reverse Mortgage Loan Officers Long Island, New York City and New Jersey Position Summary: Solicit referral sources to generate reverse mortgage loans maintaining relationships while acting as a liaison between referral sources, borrowers, the Bank and the community. Essential Responsibilities Originates reverse mortgage loans by developing and establishing contacts within the senior community. Originates reverse mortgages though marketing initiatives developed by the reverse mortgage team. Maintains a strong knowledge of reverse mortgage products and services and cross sells services to reverse mortgage clients. Works to establish and meet loan and cross sell referral sales goals in conjunction with departmental goals. Typical Job Duties Meets average monthly sales goals as assigned by Sales Manager. Interviews and educates prospective reverse mortgage loan applicants. Prepares loan applications, submits loans into process through a laptop computer and follows up on all loans in process. Maintains communication with all parties involved as to loan status. Assists department personnel in obtaining necessary documentation to commit and close loans. Performs other duties as required by management. Job Requirements This position requires a formal education through high school or equivalent; college degree a plus; along with a minimum of one year mortgage or outside sales experience. This position also requires knowledge of reverse mortgage loan programs and underwriting requirements and a self-motivated and results driven individual. This position also requires strong interpersonal, oral and written communication skills, excellent organizational skills and detail orientation. This position also requires proficiency in MS Office and knowledge of laptop loan submissions. This position requires a valid drivers license, a good driving history and access to a vehicle for use in the course of the job. Internal & External Contacts Initiates relationships and has frequent contacts with real estate professionals, attorneys, builders and other sources of mortgage loans. To apply, send your resume along with salary requirements to: Human Resources OceanFirst Bank 975 Hooper Avenue Toms River, NJ 08754 Fax Number: (732) 797-1659 Email: humanresource@oceanfirst.com If you have any questions, please call the Human Resources Department at (732) 240-4500, extension 7529. OceanFirst is an Equal Opportunity Employer M/F/D/V. |
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What is a reverse mortgage?
A reverse mortgage is a special type of home loan that lets you as a homeowner convert a portion of the equity your home into cash. The equity built up
over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until
you and any other borrower(s) no longer use the home as your principal residence. HUD's reverse mortgage also know as a HECM Loan (Home Equity
Conversion Mortgage) provides these benefits, and it is federally-insured as well.
Can I qualify for a HUD reverse mortgage?
To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner, 62 years of age or
older; own your home outright, or you are willing to pay off any liens at the closing with proceeds from the reverse loan; and you must live in the home. You
are further required to receive consumer information from HUD-approved counseling sources prior to obtaining the loan. You can call 1-800-400-4134 to
obtain the name and telephone number of a HUD-approved counseling agency.
For more Reverse Mortgage Information click here The Top_10_Things_You_Should_Know About A Reverse Mortgage
A reverse mortgage is a special type of home loan that lets you as a homeowner convert a portion of the equity your home into cash. The equity built up
over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until
you and any other borrower(s) no longer use the home as your principal residence. HUD's reverse mortgage also know as a HECM Loan (Home Equity
Conversion Mortgage) provides these benefits, and it is federally-insured as well.
Can I qualify for a HUD reverse mortgage?
To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner, 62 years of age or
older; own your home outright, or you are willing to pay off any liens at the closing with proceeds from the reverse loan; and you must live in the home. You
are further required to receive consumer information from HUD-approved counseling sources prior to obtaining the loan. You can call 1-800-400-4134 to
obtain the name and telephone number of a HUD-approved counseling agency.
For more Reverse Mortgage Information click here The Top_10_Things_You_Should_Know About A Reverse Mortgage
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In home visits and loan closings are available within
the following counties:
In New York:
Nassau & Suffolk Counties on Long Island, Bronx
County Queens County Kings County Staten Island
Manhattan, New York City, Dutchess County, Orange
County, Putnam County, Rockland County, Sullivan
County, Ulster County, Westchester County
In New Jersey:
Atlantic County, Bergen County, Burlington County,
Camden County, Cape May County, Cumberland
County, Essex County, Gloucester County, Hudson
County, Hunterdon County, Mercer County,
Middlesex County, Monmouth County, Morris County,
Ocean County, Passaic County, Salem County,
Somerset County, Sussex County, Union County, &
Warren County
In Pennsylvania:
Berks County, Bucks County, Chester County,
Delaware County, Lancaster County, Lehigh County,
Northampton County, Montgomery County and
Philadelphia County
the following counties:
In New York:
Nassau & Suffolk Counties on Long Island, Bronx
County Queens County Kings County Staten Island
Manhattan, New York City, Dutchess County, Orange
County, Putnam County, Rockland County, Sullivan
County, Ulster County, Westchester County
In New Jersey:
Atlantic County, Bergen County, Burlington County,
Camden County, Cape May County, Cumberland
County, Essex County, Gloucester County, Hudson
County, Hunterdon County, Mercer County,
Middlesex County, Monmouth County, Morris County,
Ocean County, Passaic County, Salem County,
Somerset County, Sussex County, Union County, &
Warren County
In Pennsylvania:
Berks County, Bucks County, Chester County,
Delaware County, Lancaster County, Lehigh County,
Northampton County, Montgomery County and
Philadelphia County
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Reverse Mortgage Loans
Insured by
the Federal Housing Administration
Insured by
the Federal Housing Administration
