ZipRecruiter

Log In

2

Entry Level Loss Mitigation Underwriter Jobs (NOW HIRING)

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY

$20.55 - $34.25/hr

Understand investor's waterfall and required documents for loss mitigation. * Communicate with ... 1 year collections or underwriting experience. Ability to communicate effectively and ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

Understand investor's waterfall and required documents for loss mitigation. * Communicate with ... 1 year collections or underwriting experience. Ability to communicate effectively and ...

next page

Showing results 1-20

All JobsLoss Mitigation Underwriter JobsEntry Level Loss Mitigation Underwriter Jobs

Entry Level Loss Mitigation Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

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

As of Aug 7, 2026, the average yearly pay for entry level loss mitigation underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What is the difference between Entry Level Loss Mitigation Underwriter vs Entry Level Mortgage Underwriter?

AspectEntry Level Loss Mitigation UnderwriterEntry Level Mortgage Underwriter
CertificationsTypically none required; some may have FHA or VA certificationsOften requires mortgage-specific certifications like MLO license or FHA/VA certifications
Work EnvironmentInsurance companies, loss mitigation departmentsBanks, mortgage lenders, credit unions
Job FocusAssessing borrower hardship, recommending loss mitigation optionsEvaluating loan documents, verifying borrower eligibility
Common TasksAnalyzing financial hardship, approving repayment plansReviewing appraisals, income verification, loan compliance

While both roles involve evaluating financial documents, Entry Level Loss Mitigation Underwriters focus on helping distressed borrowers avoid foreclosure through loss mitigation options, whereas Entry Level Mortgage Underwriters primarily assess loan applications for approval. The roles share similar entry requirements but differ in their specific focus and work environment.

What cities are hiring for Entry Level Loss Mitigation Underwriter jobs? Cities with the most Entry Level Loss Mitigation Underwriter job openings:
What are the most commonly searched types of Loss Mitigation Underwriter jobs? The most popular types of Loss Mitigation Underwriter jobs are:
Entry Level Loss Mitigation Underwriter jobs near you

Loss Mitigation, Underwriter l

Carrington Holding Company, LLC

Orange, CA • Remote

$23 - $26/hr

Full-time

Medical, Retirement

Re-posted 16 days ago

Job description

Come join our amazing team and work remote from home!

The Loss Mitigation Underwriter l will be responsible for underwriting Loan Modifications applications in accordance with Treasury, Company and Investor guidelines while following company's policies and procedures under general supervision. Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements. Perform all duties in accordance with the company's policies and procedures, all US state and federal laws and regulations, wherein the company operates. The Loss Mitigation Underwriter I level is the entry level role in the job family and generally handles the least complex underwriting files while gaining additional knowledge and experience on the more complex files. The target pay range for this position is $23.00 - $26.00 per hour.

What you'll do:

  • Perform a thorough analysis to ensure the quality of each loan and to determine compliance with Treasury, Company and Investor guidelines.
  • Conduct Verification of Income (VOI).
  • Calculate customer's front and back-end debt to income ratio.
  • Verify occupancy, hardship and income.
  • Apply payment waterfall to determine workout eligibility (repayment plan, forbearance, modification or liquidation options).
  • If applicable, identify the type(s) and amounts of liquid assets the borrower holds.
  • Determine and communicate needed conditions to properly document the file (reason for default letter, updated pay stubs, bankruptcy papers, etc.).
  • Complete system tasks as required to maintain compliance with Treasury, Company and Investor guidelines.
  • Document final decision and update system of record.

What you'll need:

  • High school diploma or equivalent required.
  • 1 to 2 years of underwriting loss mitigation experience required

Our Company:

Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you'll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com.

What We Offer:

  • Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
  • Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
  • Customized training programs to help you advance your career.
  • Employee referral bonuses so you'll get the opportunity to work with friends (and get some extra cash in your pocket!).
  • Educational Reimbursement.
  • Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

#Carrington 

#LI-GV1

Apply