H-1B Visa Loan Consultant Jobs
H-1B visa jobs for Loan Consultants are available at banks, credit unions, and mortgage companies that file Labor Condition Applications with DOL to sponsor degree-level lending professionals. These roles typically qualify as specialty occupations when structured around finance, economics, or business degrees and complex underwriting duties.
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New American Funding’s Reverse Mortgage Division is focused on helping homeowners age 62 and older understand and access the equity they have built in their homes to support their financial and retirement goals. Reverse Mortgage Loan Consultants are experienced, self-generating mortgage professionals responsible for sourcing and generating new business, developing and maintaining referral relationships, and guiding borrowers through the reverse mortgage process. Loan Consultants leverage their existing professional networks while building new relationships with borrowers, referral partners, and industry professionals to grow their business and provide personalized reverse mortgage solutions based on each customer’s individual needs and financial goals.
Location: Remote
Salary: Commission Based (BPS)
Responsibilities
- Builds rapport and leverages existing relationships with network and potential borrowers with the goal of helping customers achieve their mortgage financing goals.
- Consult with customers and analyze their financial situations to provide the appropriate solution and advice as to the best loan product for each customer.
- Ensure each loan meets the customer's needs as well as quality and marketability standards of New American Funding.
- Understand the process of loan origination and manage the loan application process in conjunction with operational support staff.
- Input and upload application and customer's information into loan origination software.
- Structure and price loans accurately and in accordance with NAF guidelines.
- Other duties may be assigned.
Qualifications
- Two or more years' full time reverse loan origination experience.
- Possess good judgment, problem solving and researching skills, and the ability to accept responsibility, complex situations and handle confidential information.
- Ability to structure and price loans.
- Active NMLS license.
- Excellent communication and relationship building skills.
- Self-motivated, self-starting mortgage professional.
- Experience with reverse mortgage loan product.
Desired Education/Experience
- High school diploma or general education degree (GED); two or more years' full time reverse loan origination experience in local market.
- Proven results as a loan originator and successful track record of strong production.
- Proven ability to self-source reverse mortgage business through an established network of referral partners, past clients, community relationships, and other business-development activities.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.
EOE/M/F/D/V. Drug-free workplace.
Work Authorization
Must be able to verify identity and employment eligibility to work in the U.S.
New American Funding recruiters may contact candidates through LinkedIn, phone, text message, or email. Official email communications will come from an address ending in @nafinc.com. We will only request sensitive personal information through our secure application and onboarding systems—not through email, social media, text message, or instant messaging. New American Funding will never request payment from candidates at any stage of the recruitment process.
Overview
New American Funding’s Reverse Mortgage Division is focused on helping homeowners age 62 and older understand and access the equity they have built in their homes to support their financial and retirement goals. Reverse Mortgage Loan Consultants are experienced, self-generating mortgage professionals responsible for sourcing and generating new business, developing and maintaining referral relationships, and guiding borrowers through the reverse mortgage process. Loan Consultants leverage their existing professional networks while building new relationships with borrowers, referral partners, and industry professionals to grow their business and provide personalized reverse mortgage solutions based on each customer’s individual needs and financial goals.
Location: Remote
Salary: Commission Based (BPS)
Responsibilities
- Builds rapport and leverages existing relationships with network and potential borrowers with the goal of helping customers achieve their mortgage financing goals.
- Consult with customers and analyze their financial situations to provide the appropriate solution and advice as to the best loan product for each customer.
- Ensure each loan meets the customer's needs as well as quality and marketability standards of New American Funding.
- Understand the process of loan origination and manage the loan application process in conjunction with operational support staff.
- Input and upload application and customer's information into loan origination software.
- Structure and price loans accurately and in accordance with NAF guidelines.
- Other duties may be assigned.
Qualifications
- Two or more years' full time reverse loan origination experience.
- Possess good judgment, problem solving and researching skills, and the ability to accept responsibility, complex situations and handle confidential information.
- Ability to structure and price loans.
- Active NMLS license.
- Excellent communication and relationship building skills.
- Self-motivated, self-starting mortgage professional.
- Experience with reverse mortgage loan product.
Desired Education/Experience
- High school diploma or general education degree (GED); two or more years' full time reverse loan origination experience in local market.
- Proven results as a loan originator and successful track record of strong production.
- Proven ability to self-source reverse mortgage business through an established network of referral partners, past clients, community relationships, and other business-development activities.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.
EOE/M/F/D/V. Drug-free workplace.
Work Authorization
Must be able to verify identity and employment eligibility to work in the U.S.
New American Funding recruiters may contact candidates through LinkedIn, phone, text message, or email. Official email communications will come from an address ending in @nafinc.com. We will only request sensitive personal information through our secure application and onboarding systems—not through email, social media, text message, or instant messaging. New American Funding will never request payment from candidates at any stage of the recruitment process.
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Get Access To All JobsTips for Finding H-1B Visa Sponsorship as a Loan Consultant
Align your degree to lending duties
USCIS evaluates whether your specific degree field directly relates to the Loan Consultant role. A finance, economics, or business administration degree strengthens the specialty occupation argument. Gather transcripts and a credential evaluation before applications begin.
Verify prevailing wage before negotiating
Your employer's LCA must certify a wage at or above the DOL prevailing wage for your worksite. Use the OFLC Wage Search to look up the Level I through Level IV wage tiers for loan officers in your target city before accepting any offer.
Find sponsors through LCA filing history
Target employers who have already certified LCAs for Loan Consultant or Loan Officer roles. Migrate Mate surfaces verified H-1B visa sponsoring employers by role and location, so you can focus outreach on companies with an active filing track record.
Confirm each worksite has its own LCA
If the role requires visiting branch locations or working from multiple offices, each distinct worksite needs a separately certified LCA. Raise this with HR early so your employer files correctly before your I-129 petition is submitted to USCIS.
Review the O*NET profile before interviews
The O*NET occupation profile for Loan Officers outlines the theoretical and practical knowledge base employers reference when writing job descriptions. Framing your experience around those competencies helps demonstrate the degree-level complexity USCIS looks for in specialty occupation petitions.
Account for cap timing in your job search
H-1B cap-subject petitions are only filed once a year, and selection rules have changed recently. If you're not already in H-1B status, start your employer search at least six months before your current work authorization expires to allow time for cap registration.
H-1B Visa Loan Consultant: Frequently Asked Questions
Does a Loan Consultant role qualify as an H-1B specialty occupation?
Yes, when the position is structured around complex financial analysis, underwriting, or portfolio management duties that require a bachelor's degree or higher in finance, economics, business administration, or a directly related field. Employers strengthen the petition by ensuring the job description specifies degree-level responsibilities rather than general customer service or clerical tasks.
Which types of employers sponsor H-1B visas for Loan Consultants?
Commercial banks, regional credit unions, mortgage banking companies, and financial services firms are the most active sponsors. Larger institutions with dedicated immigration compliance teams are more likely to have established H-1B filing processes. Browse Migrate Mate to identify employers with verified LCA filing history for lending roles in your target city.
How long does H-1B status last for a Loan Consultant position?
USCIS grants H-1B status for up to three years on initial approval, with the option to extend for another three years, reaching a six-year maximum. Extensions beyond six years are possible only if you have an approved immigrant petition or a pending PERM labor certification that meets specific timing thresholds under AC21 portability rules.
What happens to my H-1B if I transfer to a different branch or lending office?
Each new worksite requires its own certified Labor Condition Application from your employer before you begin working there. Your employer must file an amended I-129 petition with USCIS for a new location that is not already covered by the original LCA. Confirm this process with HR before any transfer takes effect to avoid a gap in authorized employment.
Can I switch loan products or employers while on H-1B status?
Switching employers requires your new employer to file a new H-1B petition with USCIS before your start date. Under H-1B portability rules, you can begin working for the new employer once the new petition is filed, provided you are currently in valid H-1B status. A change in loan product focus is generally acceptable as long as the core specialty occupation duties and degree requirement remain consistent.