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Loan Modification Jobs (NOW HIRING)

M&T Bank

Loss Mitigation Underwriter II

Getzville, NY · On-site

$22.61 - $37.67/hr

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options. This position will also be responsible for preparing loans for foreclosure ...

Fifth Third

Loan Servicing Specialist

San Diego, CA · On-site

The Loan Servicing Specialist works with homeowners, Escrow Agents, Relators and others to ensure ... Review open accounts for modification purposes * Make outbound efforts in a professional manner ...

M&T Bank

Loss Mitigation Underwriter II

Getzville, NY · On-site

$22.61 - $37.67/hr

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options. This position will also be responsible for preparing loans for foreclosure ...

Berkadia

Loan Boarding Coordinator

Ambler, PA · On-site

... modification documents to identify system changes required by the modification; tracks modifications in the MTS system, and submits forms to adjust the loan consistent with the modified terms. Files ...

Fnbcorp

Construction Loan Specialist 1

Pittsburgh, PA · On-site

Approved Builder list and preparing the loan modification documents at the completion of construction. Primary Responsibilities: Reviews and verifies builder information in order to be included on ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY

$20.55 - $34.25/hr

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options. Primary Responsibilities: * Understand investor's waterfall and required ...

Peoples Bank

Credit Administrator

Worthington, OH · On-site

Independently manage the loan modification review process, apply sound judgement to interpret credit approvals, assess policy and regulatory alignment and present findings to senior leadership and ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options. Primary Responsibilities: * Understand investor's waterfall and required ...

Peoples Bank

Credit Administrator

Louisville, KY · On-site

Independently manage the loan modification review process, apply sound judgement to interpret credit approvals, assess policy and regulatory alignment and present findings to senior leadership and ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options. Primary Responsibilities: * Understand investor's waterfall and required ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options. Primary Responsibilities: * Understand investor's waterfall and required ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options. Primary Responsibilities: * Understand investor's waterfall and required ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options. Primary Responsibilities: * Understand investor's waterfall and required ...

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Loan Modification information

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How much do loan modification jobs pay per hour?

As of Sep 1, 2026, the average hourly pay for loan modification in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 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.

More about Loan Modification jobs

What cities are hiring for Loan Modification jobs?

Cities with the most Loan Modification job openings:

What states have the most Loan Modification jobs?

States with the most job openings for Loan Modification jobs include:

What job categories do people searching Loan Modification jobs look for?

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Loan Modification jobs near you
Infographic showing various Loan Modification job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 13% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

Loss Mitigation Underwriter II

M&T Bank

Getzville, NY • On-site

$22.61 - $37.67/hr

Full-time

This job post has expired today. Applications are no longer accepted.

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 187 frontline employees who took The Breakroom Quiz

79th of 174 rated banks

Job description

Overview:

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options. This position will also be responsible for preparing loans for foreclosure mediation hearings, working with various investors and cross training with other areas of loss mitigation.

Primary Responsibilities:
  • Understand investor waterfalls and required documents for loss mitigation.
  • Manage and monitor account portfolio to ensure that all documentation and account decisions comply with banking policies, investor guidelines and applicable regulations.
  • Assess income and expenses, as well as property value and variance between appraised properties and offers submitted by potential buyers.
  • Serve as liaison to various investors, including, but not limited to Fannie Mae, Freddie Mac and M&T Bank to gain approval for settlements and provide each party with documentation necessary to render a decision.
  • Review workout packages, including hardship letters, tax returns, income statements, pay stubs, credit reports, sources of debt and general customer financial documents to determine the most suitable repayment option for customers.
  • Calculate loan modification terms in adherence with Investor and Insurer guidelines, M&T policies and applicable state and Federal law and regulations.
  • Communicate with Single Point of Contact, title team and Loss Mitigation Closing team to gather information and resolve escalated accounts.
  • Review, compile and analyze documents (e.g., appraisals, title, arm's length addenda, HUD 90051) to approve or deny a short sale settlement.
  • Communicate with customers, real estate agents and attorneys to negotiate short sale settlement offers and advise of loss mitigation decisions.
  • Prepare workout summaries for management approval. Maintain notes for management and audit review purposes.
  • Prepare loans for foreclosure mediation hearings.
  • Identify solutions to resolve clouded title.
  • Complete special ad hoc projects as requested by management (e.g., due diligence loan reviews)
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Complete other related duties as assigned.
Scope of Responsibilities:

Manages and monitors an account portfolio of 70 loans.

Supervisory/ Managerial Responsibilities:

Not Applicable.

Education and Experience Required:

A combined 4 years' higher education and/or experience, including a minimum of 2 years' collections or underwriting experience.

Ability to communicate effectively and professionally over the phone.

Excellent communication and customer service skills.

Proficiency with word processing and spreadsheet software.

Knowledge and understanding of land title.

Education and Experience Preferred:

Bachelor's degree.

Paralegal certification or experience.

Mortgage collections experience.

Knowledge of M&T systems.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $22.61 - $37.67 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationGetzville, New York, United States of America

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