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Loan Modification Jobs in Texas (NOW HIRING)

Reviews and approves loan modification and collateral substitution requests. * Monitors maturity reports and prepares renewals when necessary. * Analyzes financial statements (including performance ...

Reviews and approves loan modification and collateral substitution requests. * Monitors maturity reports and prepares renewals when necessary. * Analyzes financial statements (including performance ...

Reviews and approves loan modification and collateral substitution requests. * Monitors maturity reports and prepares renewals when necessary. * Analyzes financial statements (including performance ...

Reviews and approves loan modification and collateral substitution requests. * Monitors maturity reports and prepares renewals when necessary. * Analyzes financial statements (including performance ...

Purpose Preparation, Processing and Filing Motions, Orders, Notice of Hearing, Adequate Protection Orders, Response to Motions to Sell, Motions to Approve Loan Modification/Deferrals/Partial Claims ...

Prepare FNMA agreements and loan modification documentation to be sent for signatures by the customer. Upon completion of trial period payments, prepare permanent modification agreement and send to ...

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Loan Modification information

See Texas salary details

$12

$19

$28

How much do loan modification jobs pay per hour?

As of Aug 25, 2026, the average hourly pay for loan modification in Texas is $19.85, according to ZipRecruiter salary data. Most workers in this role earn between $16.78 and $22.40 per hour, depending on experience, location, and employer.

What is a loan modification?

A loan modification is a change made to the terms of an existing loan by a lender, usually to help a borrower who is struggling to make payments. This process can involve reducing the interest rate, extending the length of the loan, or changing the type of loan. The goal is to make the monthly payments more affordable for the borrower while allowing the lender to avoid foreclosure. Loan modifications are common in cases of financial hardship and are often used for mortgages.

What are some common challenges faced by loan modification specialists, and how can they be addressed?

Loan Modification Specialists often navigate complex borrower situations, tight regulatory requirements, and strict deadlines. A major challenge is balancing the needs of distressed borrowers with lender policies while ensuring compliance with relevant laws. Developing strong communication skills, staying updated on industry regulations, and leveraging internal resources or team expertise can help overcome these challenges. Building rapport with borrowers and collaborating closely with underwriters and legal teams also streamlines the process and leads to better outcomes.

What is the difference between Loan Modification vs Loan Processor?

AspectLoan ModificationLoan Processor
Primary RoleNegotiate and modify existing loan terms to assist borrowersEvaluate, process, and verify loan applications for approval
Required CredentialsKnowledge of loan programs, financial analysis, sometimes licensingKnowledge of lending policies, credit analysis, often licensing
Work EnvironmentOffice-based, financial institutions, borrower interactionOffice-based, financial institutions, document review
Industry UsageFinancial services, mortgage companiesMortgage lenders, banks

While both roles operate within the mortgage and lending industry, a Loan Modification specialist focuses on renegotiating existing loans to help borrowers avoid foreclosure, whereas a Loan Processor handles the initial application review and approval process. Understanding these differences helps borrowers and employers identify the right professional for their needs.

What cities in Texas are hiring for Loan Modification jobs?

Cities in Texas with the most Loan Modification job openings:

Infographic showing various Loan Modification job openings in Texas as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 12% Part Time, and 3% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $41,280 per year, or $19.8 per hour.

Retirement Loan Team Specialist, Operations

Austin, TX • On-site

$26.92 - $44.38/hr

Full-time

Posted 4 days ago


Job description

Your Opportunity
We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client's goal with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm, and the world. We live and bring to life the concept of 'own your tomorrow' every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.
As a company, we were established by Chuck over 50 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible, and understandable for all. As we enter our fifth decade, we are looking for talented, innovative, and driven people who believe they can help themselves, and our clients, create a better future.
At Schwab, you're empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us "challenge the status quo" and transform the finance industry together. We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s).
The goal of Operational Services, within Plan Administration & Implementation (PAI), is to meet the needs of Retirement Plan Services by providing the best client service possible as it relates to the recordkeeping aspects of Defined Contribution Retirement Plans. Specifically, a Specialist is responsible for managing relationships with plan sponsors and internal business partners while ensuring absolute compliance with all regulations and requirements of ERISA Law.
What you have
As a Loan Specialist, you'll help create a positive, reliable service experience for plan sponsors and participants. You'll manage 100+ client relationships, serve as a retirement plan loan subject matter expert, and provide consultative support that helps clients resolve loan needs with confidence. You'll also support core operational processes, respond to inquiries with accuracy and urgency, strengthen quality controls, identify process improvements, mitigate risk, and contribute to excellent client outcomes.
Key responsibilities include:
  • Partner with plan sponsors to bring loans current through clear, customized action plans and guidance on corrective methods.
  • Analyze loan and payroll history to provide accurate data and practical resolution options.
  • Communicate clearly and proactively to support day-to-day loan needs.
  • Collaborate with internal partners to ensure timely responses to participant and plan sponsor requests.
  • Strengthen quality controls and identify process improvements that support key deliverables and elevate the client experience.
  • Monitor and coordinate loan modification requests to ensure timely, accurate completion.
  • Support new plan and merger conversion meetings, ensuring smooth onboarding experiences for new clients.

What You Have
  • Strong written and verbal communication skills.
  • Excellent organization, time management, attention to detail, and analytical thinking.
  • Ability to manage multiple priorities in a fast-paced, deadline-driven environment with accuracy.
  • Sound judgment and the confidence to engage the right resources when needed.
  • A continuous improvement mindset, with curiosity and creativity to challenge the status quo.
  • Proficient in Microsoft Excel, Word, and PowerPoint.
  • A positive, team-first approach that fosters engagement, collaboration, and shared success.
  • Financial or retirement industry experience preferred but not required.
  • College degree or equivalent work experience.