Also called: HECM Loan Officer, Reverse Mortgage Loan Originator
Helps homeowners 62 and older turn some of the value of their home into cash without monthly payments, and explains the risks to them and their families.
You sit at a kitchen table with a retired couple and their daughter, explaining how a reverse mortgage would pay off their old loan and give them monthly money. You answer hard questions about what happens to the house later. Then you gather paperwork and make sure they completed the required HUD counseling.
Mostly commission.
Approximate: anchored on Bureau of Labor Statistics data for a broader job group.
High school diploma, about 1 year after high school. High school diploma; state mortgage loan originator (NMLS) license; a bachelor's helps.
Ways in: Certification, On-the-job training, 4-year college. Training cost: Under $15k.
Majors to look at: Finance, Gerontology, Business Administration.
Growing about average. More older Americans are house-rich but cash-poor.
Low risk in 5 years, medium in 10. Software runs the numbers and paperwork; earning an older family's trust and explaining risks stays human.
Classes: Personal finance, Psychology, Business math.
Official data: O*NET occupation 13-2072.
Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.