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Bank Foreclosure Jobs (NOW HIRING)

Cathay Bank

Mortgage Loss Mitigation Team Lead

El Monte, CA · On-site

$33.65 - $43.27/hr

Video Clip 1 Video Clip 2 Video Clip 3 Learn more about us at cathaybank.com GENERAL SUMMARY Responsible for daily foreclosure, bankruptcy and litigation activity, which includes working with bank ...

Cathay Bank

Mortgage Loss Mitigation Team Lead

El Monte, CA · On-site

$33.65 - $43.27/hr

Video Clip 1 Video Clip 2 Video Clip 3 Learn more about us at cathaybank.com GENERAL SUMMARY Responsible for daily foreclosure, bankruptcy and litigation activity, which includes working with bank ...

Peoples Financial Services

Asset Recovery Officer

Moosic, PA · On-site

$14.50 - $16.50/hr

Attends bank foreclosure sales and administers bank-owned property (i.e. obtains insurance coverage, shows property to prospective buyers, lists property with realtor, follows up on maintenance ...

Hirebridge Organic

Foreclosure Processor

Franklin, TN · On-site

$38K - $53K/yr

Respond to client inquiries and provide counseling to clients regarding setup of foreclosure ... Experience in the mortgage banking industry, preferably in the area of default. * Experience in ...

Hirebridge Organic

Foreclosure Processor

Little Rock, AR · On-site

$38K - $52K/yr

Respond to client inquiries and provide counseling to clients regarding setup of foreclosure ... Experience in the mortgage banking industry, preferably in the area of default. * Experience in ...

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Bank Foreclosure information

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$32.5K

$57.1K

$102K

How much do bank foreclosure jobs pay per year?

As of Aug 15, 2026, the average yearly pay for bank foreclosure in the United States is $57,098.00, according to ZipRecruiter salary data. Most workers in this role earn between $40,000.00 and $73,500.00 per year, depending on experience, location, and employer.

What are some common challenges faced in a bank foreclosure role?

Professionals working in bank foreclosure often encounter challenges such as managing high volumes of case files, staying up to date with frequently changing legal requirements, and carefully handling sensitive customer situations. You may need to coordinate with legal teams, real estate agents, and borrowers to resolve issues quickly and efficiently. Accurate record-keeping and meeting strict deadlines are crucial aspects of the job. Adapting to varying state and federal guidelines requires ongoing learning, making attention to detail and adaptability vital for success in this role.

What are the key skills and qualifications needed to thrive in the bank foreclosure position, and why are they important?

To thrive in a Bank Foreclosure role, you need a solid understanding of mortgage processes, property laws, and banking regulations, often coupled with experience in real estate, finance, or loss mitigation. Familiarity with foreclosure management software, loan servicing systems, and relevant legal documentation practices is typically required. Strong attention to detail, excellent organizational skills, and effective communication are essential soft skills for coordinating with various stakeholders. These capabilities ensure accurate, efficient foreclosure proceedings while maintaining compliance and supporting customer interactions.

What is a bank foreclosure?

A Bank Foreclosure job typically involves managing the process of repossessing properties from borrowers who have defaulted on their loans. Professionals in this field coordinate with banks, legal teams, and real estate agents to ensure compliance with foreclosure laws and procedures. Responsibilities may include property inspections, documentation, auctions, and assisting with resale efforts. The goal is to recover as much of the outstanding loan balance as possible for the lender.

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What cities are hiring for Bank Foreclosure jobs?

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What are the most commonly searched types of Bank Foreclosure jobs?

The most popular types of Bank Foreclosure jobs are:

What states have the most Bank Foreclosure jobs?

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Bank Foreclosure jobs near you
Infographic showing various Bank Foreclosure job openings in the United States as of August 2026, with employment types broken down into 83% Full Time, and 17% Part Time. Highlights an 100% In-person job distribution, with an average salary of $57,098 per year, or $27.5 per hour.

Mortgage Loss Mitigation Team Lead

Cathay Bank

El Monte, CA • On-site

$33.65 - $43.27/hr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 4 days ago

Job description

People Drive Our Success
Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.
Apply today!
What our team members are saying:
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Learn more about us at cathaybank.com
GENERAL SUMMARY
Responsible for daily foreclosure, bankruptcy and litigation activity, which includes working with bank attorneys, borrowers, and third parties. Collection of residential mortgages, and Home Equity Lines of Credit minimizing potential losses on delinquent loans. In compliance with Fair Debt Collections Practices Act (FDCPA) and other regulations, initiate outbound loss mitigation efforts to resolve delinquency or assist the borrower with options available to bring the account current. Analyze customers' situations and collateral risks to present alternative solutions such as forbearance plans, repayment plans, payment deferrals, pre-foreclosure/short sales, and deed in lieu. Submission, tracking and reconciling of late-stage delinquent loans, including recommendation for foreclosure when appropriate. Provide technical and procedural support and direction to Mortgage Loss Mitigation team members.
ESSENTIAL FUNCTIONS
  • Manage late-stage delinquent loan inbound, outbound, and follow-up calls with borrowers to ensure quick and effective solutions are provided to each borrower.
  • Counsel and guide customers to achieve workout alternates based on their circumstances.
  • Comply with the FDCPA and other local and federal regulations.
  • Adhere to Cathay Bank's policies and procedures.
  • Review Borrower Response Packages for assistance to determine if they are complete and perform pre-underwritten review of documents provided.
  • Contact delinquent borrowers to review approved loss mitigation options as well as preparation of letters for approval, missing documents, and notice of action taken.
  • Collaborate with the manager on recommended pre-foreclosure reviews as well as participate in monthly management meetings.
  • Prepare foreclosure files for set-up on the core collection system.
  • Provide attorney with accurate foreclosure figures, including reinstatement figures which will be provided to external parties by the attorney. In addition, provide the attorney with accurately executed documents as requested.
  • Responsible for bankruptcy filing reviews, preparing transmittals to attorneys, and servicing or further legal actions.
  • Assist with training new hires, as needed.
  • Assist in processing successor in interest, short sales, seed in lieu, or any other legal issues.
  • Prepare monthly reporting, including delinquency, foreclosure, bankruptcy and other activities.
  • Assist in preparation of risk rating and accrual recommendations.
  • Provide assistance and guidance to Mortgage Loss Mitigation Team members.
  • Meet department standards as they relate to daily productivity metrics.
  • Performs additional projects and duties as assigned by management.

QUALIFICATIONS
  • Education: High school diploma or equivalent.
  • 3-year experience in mortgage loss mitigation, foreclosure, and bankruptcy processing.
  • Understanding of debt collections in any stage of delinquency.
  • Familiarity with financial statements, tax returns, credit reports, home appraisals, title searches and other documents used to evaluate a pre-foreclosure remedy.
  • Strong analytical, problem solving and mathematical skills.
  • Proficient in Microsoft Word, Outlook, Access and Excel with a minimum level of Intermediate.
  • Skills/Ability: Strong organizing and problem-solving skills; good written and verbal communication skills; must be able to adapt well in a fast-paced and constantly changing business environment; PC proficiency; demonstrated ability to work in a team-oriented environment and provide good customer service. Bilingual English/Chinese is a plus.

OTHER DETAILS
$33.65 - $43.27 / hour
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.
Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
Click here to view the "Know Your Rights: Workplace Discrimination is Illegal" Poster:
Poster- English
Poster- Spanish
Poster- Chinese Traditional
Poster- Chinese Simplified
Cathay Bank endeavors to make www.CathayBank.comaccessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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