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Reverse Mortgage Advisors (Experienced)

 

American Reverse Mortgage® (ARM) is one of the nation’s leaders in the Reverse Mortgage industry. Our focus is helping Seniors and changing their lives for the better. This is a growing industry and this growth leads to an exciting career opportunity for enthusiastic and motivated Reverse Mortgage Area Sales Managers and Reverse Mortgage Advisors. We are looking for people who will take their roles seriously and professionally, yet still want to have fun and enjoy what they do. These positions are for people who have previous experience selling Reverse Mortgages and are generating applications currently.
Under the supervision of the Area Sales Manager, the Reverse Mortgage Advisor will seek opportunities in accordance with all regulations and training to acquire clients, developing customer confidence through a problem solving approach to resolving their wants and needs.
 
Specific Duties and Responsibilities:
This position will develop and grow relationships with prospects, centers of influence and financial professionals to promote Reverse Mortgage products and gain clientele. In addition to generating business, the other responsibilities include:
1. Confirming all appointments with new and existing clients.

2. Presenting Reverse Mortgages in accordance with all regulations and training in an ethical and legal manner.

3. Taking applications from customers, and ensuring all paperwork and signatures needed to process the Reverse Mortgage are collected timely and accurately.

4. Maintaining outstanding client relations by sending thank-you notes, executing post follow-up program and periodically contacting clients.

5. Maintaining active communication with the processing team concerning client needs.

6. Creating increased client contacts by continual prospecting of new clients through seminars, broker and client referrals.

7. Attending all trainings, sales meetings, orientations as directed by the Senior Vice President

8. Proven track record of sales of Reverse Mortgage products through self sourcing channels (2 or more per month).

9. Experience in Senior's markets.

10. Current license in states where this is required.

11. Knowledge of financial services, mortgage loans, and Reverse Mortgages required.

12. Ability to operate an automobile and provide appropriate licensing and proof of insurance.

Technology Requirements:
Technology Requirements include proficient utilization of the World Wide Web and business applications. Using MS Outlook to control time and events, send and receive email, individual and group calendaring and simple contact management such as dispatching notes/postcards. Also, is knowledgeable on software updates for their current operating system (must be Windows 2000 Pro, XP Pro, Windows Vista Business, the soon to be release Windows 7 Business or higher ordered OS such as Vista Ultimate, etc). Keeping these systems updated helps maintain data integrity. The Reverse Mortgage Advisor also has and keeps up-to-date an antivirus program that filters email for spam and viruses. Due to the content laden nature of our communications, broadband level networking at 128k upload and 512k download are the minimum levels acceptable. It is advised to upgrade to a minimum 512k upload and 3000k download. This is usually referred to as a 3M (three megabyte) broadband connection. This will prepare your system to use the upcoming video messaging system.
Compensation: Lucrative commission and we offer a full time benefits package, including Health Insurance, Dental Insurance, 401k and Education Assistance.


Please Contact:

Bruce E. Morosco
Senior Vice President
American Reverse Mortgage® (ARM)
http://www.AmericanReverse.com
B.E.Morosco@AmericanReverse.com

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They can be very good or very bad. You can opt for a monthly check but I would never gugsest that. You are better off taking a line of credit to use when needed. The bank pays off your current mortgage and you never make any payments back. Money is not due on the mortgage until you die, sell the home or move out for more than 12 months. Be aware you will be accumulating a monthly handling charge and that the interest rates are not very low and that the cost for initiating the mortgage will all be added into the final cost tobe payed back. You will never outlive your loan since they only give you about 80% of the value of your home. A lot of seniors take the whole sum and lose some of their benefits which are based on assets and income and others end up giving the money to children or blowing it on junk. If you are low income and need cash to pay your home taxes, home insurance, premium on long term care insurance, needed repairs to the home inclusing accesibility ones or pay for additional services to remain at home rather than in a nursing home, this type of mortgage can be very helpful. They are great for some situations but not good for all. Be sure that you go with one of the top three companies like Wells Fargo, Met Life or Financial Freedom and have family and friends be with you during all the discussions and paperwork.

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