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Entry Level Loss Mitigation Analyst Jobs (NOW HIRING)

... outbound loss mitigation efforts to resolve delinquency or assist the borrower with options ... Analyze customers' situations and collateral risks to present alternative solutions such as ...

Your work directly influences loss mitigation outcomes, owner satisfaction, and the financial ... Ability to analyze borrower financial circumstances and recommend realistic options. * Excellent ...

Position Summary The Loss Mitigation Intake Coordinator plays an important role in the organization ... Analytical skills, strong problem-solving skills, and accurate data entry. * Excellent verbal and ...

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Entry Level Loss Mitigation Analyst information

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$33K

$80.8K

$105.5K

How much do entry level loss mitigation analyst jobs pay per year?

As of Sep 3, 2026, the average yearly pay for entry level loss mitigation analyst in the United States is $80,750.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,000.00 and $91,000.00 per year, depending on experience, location, and employer.

What is the difference between Entry Level Loss Mitigation Analyst vs Entry Level Loan Processor?

AspectEntry Level Loss Mitigation AnalystEntry Level Loan Processor
Primary RoleAssessing borrower financial situations to prevent loan defaults and develop loss mitigation strategiesProcessing loan applications, verifying documents, and preparing loan files for approval
Required SkillsFinancial analysis, communication, problem-solvingData entry, attention to detail, customer service
CertificationsBasic financial or mortgage-related certifications often preferredNone typically required, but familiarity with loan processing software is common
Work EnvironmentOffice setting, financial institutions, mortgage companiesOffice environment, banks, mortgage lenders

While both roles operate within the mortgage and lending industry, the Entry Level Loss Mitigation Analyst focuses on evaluating borrower situations to reduce loan losses, whereas the Entry Level Loan Processor handles the administrative tasks of processing loan applications. Understanding these differences helps job seekers target the right position based on their skills and career goals.

More about Entry Level Loss Mitigation Analyst jobs

What are the most commonly searched types of Loss Mitigation Analyst jobs?

The most popular types of Loss Mitigation Analyst jobs are:

Infographic showing various Entry Level Loss Mitigation Analyst job openings in the United States as of August 2026, with employment types broken down into 72% Full Time, 26% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $80,750 per year, or $38.8 per hour.

Mortgage Loss Mitigation Team Lead

cathaybank

El Monte, CA • On-site

$33.65 - $43.27/hr

Full-time

Re-posted 22 days ago


Job description

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.