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Loss Mitigation Account Manager Jobs in Raleigh, NC

Collections Specialist I

Raleigh, NC · On-site

$18 - $24.25/hr

... accounts by contacting Credit Union members. This role involves identifying potential risks ... * Assist the Loss Mitigation Manager and Loss Mitigation Team with reviewing reports on ...

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Loss Mitigation Account Manager information

See Raleigh, NC salary details

$28.7K

$64K

$103K

How much do loss mitigation account manager jobs pay per year?

As of Sep 5, 2026, the average yearly pay for loss mitigation account manager in Raleigh, NC is $63,979.00, according to ZipRecruiter salary data. Most workers in this role earn between $46,700.00 and $76,300.00 per year, depending on experience, location, and employer.

What is a loss mitigation account manager?

Loss Mitigation Account Managers are professionals who work with borrowers and lenders to prevent financial losses resulting from loan defaults, particularly in mortgage servicing. They review accounts that are delinquent or at risk of default and work to find solutions such as loan modifications, repayment plans, forbearance agreements, or short sales. Their goal is to help borrowers stay in their homes when possible while minimizing losses for the lender. They also ensure compliance with regulations and maintain communication between all parties involved.

How does a loss mitigation account manager typically collaborate with other departments to resolve delinquent accounts?

Loss Mitigation Account Managers often work closely with departments such as collections, underwriting, and legal to develop solutions for delinquent accounts. They communicate regularly with collections teams to gather payment histories, coordinate with underwriters to assess borrower eligibility for workout options, and consult legal advisors on foreclosure proceedings when necessary. This cross-functional collaboration ensures that all available solutions are considered and that regulatory requirements are met. Effective teamwork and clear communication are key to successfully resolving accounts while minimizing financial risk for the lender.

What are the key skills and qualifications needed to thrive as a loss mitigation account manager, and why are they important?

To thrive as a Loss Mitigation Account Manager, you need a solid understanding of mortgage servicing, default management, and financial analysis, usually backed by experience in banking or real estate. Familiarity with loan servicing software, mortgage documentation systems, and knowledge of regulatory compliance such as FHA, VA, or Fannie Mae guidelines is important. Strong negotiation, problem-solving, and interpersonal communication skills help build rapport with borrowers and navigate complex situations. These skills are essential to minimize losses, ensure regulatory compliance, and maintain positive client relationships in high-pressure environments.

What are popular job titles related to Loss Mitigation Account Manager jobs in Raleigh, NC?

For Loss Mitigation Account Manager jobs in Raleigh, NC, the most frequently searched job titles are:

What job categories do people searching Loss Mitigation Account Manager jobs in Raleigh, NC look for?

The top searched job categories for Loss Mitigation Account Manager jobs in Raleigh, NC are:

What cities near Raleigh, NC are hiring for Loss Mitigation Account Manager jobs?

Cities near Raleigh, NC with the most Loss Mitigation Account Manager job openings:

Infographic showing various Loss Mitigation Account Manager job openings in Raleigh, NC as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $63,979 per year, or $30.8 per hour.

Loss Mitigation Resolution Specialist

First Citizens Bank

Raleigh, NC • On-site

Full-time

Re-posted 11 days ago


First Citizens Bank rating

7.4

Company rating: 7.4 out of 10

Based on 106 frontline employees who took The Breakroom Quiz

108th of 175 rated banks


Job description

Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
This position serves as personnel available to borrowers by phone that are experiencing financial hardships. Provides assistance and information to borrowers on possible Loss Mitigation options and the subsequent needed actions. Facilitates the receipt of a complete hardship application and remains in contact with the borrower throughout the process. Prepares and reviews documentation to ensure all servicing efforts on covered accounts comply with applicable regulations and investor guidelines. This position is considered the first line of defense and expected to maintain a high level of attention to detail, analyze facts, and make sound decisions in order to mitigate risk to the Bank.
Responsibilities & Qualifications
Duties & Responsibilities:
Loan Resolution - Responsible for contacting borrowers in financial distress to gather information and required documentation for a complete Loss Mitigation Application. Maintains contact with borrower throughout the process, sending applicable written notices or disclosures. Monitors approved plans until the borrower completes short term repayment plans or makes the required payments.
Client Support - Identifies and supports clients who are eligible for assistance. Contacts clients who are in Foreclosure, who were dismissed or discharged from bankruptcy, or who have inquired about possible assistance in order to begin the process.
Operational Support - Acts as a liaison between business units, Retail Credit Underwriting teams, and branches regarding distressed borrowers.
Portfolio Servicing - Participates in servicing efforts for acquired institutions. Works with acquired institutions to service defaulted or covered assets, and to assist with mortgage loans. Modifies or recommends charge offs as appropriate.
Qualifications:
Bachelor's Degree and 1 years of experience in Collections, Loss Mitigation, Bankruptcy, Foreclosure, or Default.
- OR -
High School Diploma or GED and 5 years of experience in Collections, Loss Mitigation, Bankruptcy, Foreclosure, or Default.
Additional Requirements:
Call center experience with business professional call etiquette and familiarity with dialer system
Mortgage loss mitigation experience (ex. repossessions, bankruptcy, foreclosure)
Advanced written and verbal communication skills
Preferred Qualifications:
Spanish language proficiency
Banking/Finance industry experience
Large Financial Institution (LFI) experience
Knowledge of applicable regulations
Additional Information
Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

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