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Loan Modification Jobs (NOW HIRING)

Needham Bank

Loan Quality Control Specialist

Portsmouth, NH · On-site

$25.73 - $33.45/hr

Review loan modification documents to verify proper structure, approvals, and adherence to established lending guidelines. * Review loan closing packages for completeness, as well as accuracy against ...

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 ...

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Loan Modification information

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$13

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How much do loan modification jobs pay per hour?

As of Jun 8, 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 are the key skills and qualifications needed to thrive as a Loan Modification Specialist, and why are they important?

To thrive as a Loan Modification Specialist, you need a thorough understanding of mortgage products, lending regulations, and financial analysis, typically supported by experience in banking or real estate finance. Familiarity with loan servicing software, mortgage processing systems, and compliance tools is essential. Strong communication, negotiation skills, and attention to detail help build rapport with borrowers and ensure accurate documentation. These skills are crucial for effectively guiding clients through the loan modification process and achieving mutually beneficial solutions.

What jobs make $3,000 a month without a degree?

Loan modification specialists typically earn less than $3,000 per month without specialized training or experience. However, roles such as sales representatives, administrative assistants, or certain customer service jobs can pay around $3,000 monthly without requiring a degree, especially with experience or commission-based pay. Skills in communication, sales, or office software can improve earning potential in these positions.

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? The top searched job categories for Loan Modification jobs are:
Loan Modification jobs near you
Infographic showing various Loan Modification job openings in the United States as of May 2026, with employment types broken down into 1% As Needed, 91% Full Time, 2% Part Time, and 6% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.
Loan Servicing Representative

Loan Servicing Representative

Hughes Federal Credit Union

Tucson, AZ

$20 - $26/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago

Job description

Loan Servicing Representative Job Summary: In this role you will assist members, staff, and third parties with general aspects of loan servicing, collateral protection insurance, payment processing, and loan modifications for the credit union. Assist members with resolving vehicle insurance issues. Work with third-party insurance providers in obtaining current proof of vehicle insurance.

Processing loan payments. Assisting in the processing of loan modifications and due date change requests. Salary: $20.00-$26.00 Per Hour Depending on Experience About Us: Hughes Federal Credit Union is dedicated to providing a positive difference in our members’ financial lives.

Our commitment to the Tucson community extends beyond our members as we sponsor and support local charities and organizations that promote the financial literacy of future generations. Join our team and see why we have been named a “Best-In-State” credit union, four years in a row! Key Responsibilities: Collateral Protection Insurance (CPI) Assist members with resolving CPI issues with their vehicle loan.

Research account history to identify if any premium refunds are necessary. Contact primary insurance companies to verify coverage and lienholder information. Research coverage history to determine if any lapses in coverage exist and correct fees applied.

Process refund and add-on exceptions on a weekly basis. Research and resolve any CPI UDAAP notifications from insurance tracking company. Department Support Process incoming loan payments or other associated transactions.

Assist with loan modification and due date change requests. Handling and distribution of incoming faxes, mail/correspondence. Timely response to incoming faxes, phone calls, instant messages, or other electronic communications.

Respond to member requests to take vehicles out of the country. Qualifications: Required Skills: Minimum of two years of similar or related experience High school diploma or equivalent Excellent Customer service and interpersonal communication skills Strong organizational skills and attention to detail Preferred Skills: Knowledge of insurance tracking, and lender compliance requirements What We Offer: Generous Paid Time Off Policy Up to 15 days in 1st year of service Paid Time Off increases with tenure VTO (Volunteer Time Off) Up to 16 hours yearly 401(k) plan 7% company match Health, Dental, and Vision Insurance Health Savings Account with Employer Contribution Available Free Vision Insurance Life and Disability Insurance Provided by the Credit Union with Optional Supplemental Coverage Available Competitive Wage and Professional Development Educational Assistance Hughes Federal Credit Union is a background screening, credit check and E-Verify workplace.

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