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Loss Mitigation Associate Jobs in California (NOW HIRING)

Agnello & Rogers

Attorney

Sacramento, CA · On-site

$108 - $132/hr

The Associate Attorney will handle a high-volume caseload involving creditors' rights and real ... motions practice and loss mitigation. * Knowledge of Title & Lien Priority, Title Claim ...

New

Adventist Health

Manager, Risk Mitigation

Roseville, CA · On-site

$114K - $171K/yr

In 2019, we unveiled our WELL-certified campus - a rejuvenating place for associates systemwide to ... loss and/or damage to property within the organization. Responds to patient or visitor complaints ...

Adventist Health

Manager, Risk Mitigation

Roseville, CA · On-site

In 2019, we unveiled our WELL-certified campus - a rejuvenating place for associates systemwide to ... loss and/or damage to property within the organization. Responds to patient or visitor complaints ...

KOHLS

Full-Time Customer Service Supervisor

Campbell, CA · On-site

$23.50 - $36.45/hr

Supporting strong operational standards, shortage mitigation, and merchandising presentation to include accurate pricing and proper signing * Preventing loss by educating associates, monitoring daily ...

KOHLS

Full-Time Stockroom Operations Supervisor

Manteca, CA · On-site

$23.50 - $36.45/hr

Supporting strong operational standards, shortage mitigation, and merchandising presentation to include accurate pricing and proper signing * Preventing loss by educating associates, monitoring daily ...

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Loss Mitigation Associate information

What is a loss mitigation associate?

Loss Mitigation Associates are professionals who work with borrowers and lenders to prevent loan defaults and minimize financial losses, typically in mortgage or lending environments. They assess delinquent accounts, review borrower hardship situations, and recommend solutions such as loan modifications, repayment plans, or short sales. Their goal is to find mutually beneficial resolutions that help borrowers keep their properties while reducing risk and loss for the lender.

What are the key skills and qualifications needed to thrive as a loss mitigation associate?

To thrive as a Loss Mitigation Associate, you need a solid understanding of mortgage servicing, loan workout options, and financial analysis, often supported by experience in banking or real estate and a relevant associate or bachelor’s degree. Familiarity with loan servicing platforms, document management systems, and regulations like RESPA and FHA guidelines is typically required. Strong negotiation, problem-solving, and communication skills are crucial for working with borrowers and collaborating with internal teams. These competencies help minimize financial losses for lenders while assisting borrowers in retaining their homes or navigating alternatives.

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

Loss Mitigation Associates work closely with various departments such as collections, underwriting, and customer service to develop solutions for borrowers facing financial hardship. They often coordinate with loan officers to gather documentation, communicate with legal teams regarding regulatory compliance, and partner with customer service representatives to ensure borrowers are informed about available options. Effective teamwork and clear communication are essential in this role to create workable repayment plans and achieve positive outcomes for both the lender and the borrower.

What are the most commonly searched types of Loss Mitigation jobs in California?

The most popular types of Loss Mitigation jobs in California are:

What cities in California are hiring for Loss Mitigation Associate jobs?

Cities in California with the most Loss Mitigation Associate job openings:

Loss Mitigation Associate jobs near you

Hybrid Special Servicing Specialist

Carrington Holding Company, LLC

Orange, CA • On-site

$22/hr

Full-time

Medical, Retirement

Re-posted 25 days ago

Job description

Come join our amazing team and work a hybrid schedule!

The Special Servicing Specialist will be responsible for educating borrowers on alternatives to foreclosure, with the objective of retaining home ownership and preventing company losses. 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 approved pay for this position is $22.00 per hour plus a monthly incentive. An additional $1.50 per hour can be added, if you are bilingual English/Spanish.

What you'll do:

  • Reviews borrowers' financial hardship documentation to determine the best work-out option, depending upon their current financial status and whether it is a short-term or long-term hardship. 
  • Sets up repayment plans; makes outbound calls on all delinquent loans in queue to obtain funds on repayment plans; sends letters on broken repayment plans; updates system notes as indicated.
  • Receives inbound calls generated from automated dialer campaigns to determine borrowers' intent to retain property, establish repayment option or liquidation option as appropriate.
  • Cancels or postpones foreclosure sale on non-performing repayment plans.
  • Reviews active forbearance plans and forwards account for modification referral as determined by payment history and/or documented financial ability to maintain modified loan terms.
  • Places a foreclosure sale postponement on newly established repayment plans.
  • Perform other duties as assigned.

What you'll need:

  • High school diploma or equivalent work experience.
  • One (1) to Three (3) years of combined experience from experience in loss mitigation, collections, or call center environment.
  • Ability to understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints.
  • Ability to express or exchange ideas by means of the spoken word, communicating orally with other accurately, audibly, and quickly.
  • Some college courses in business, accounting or finance preferred.
  • Knowledge of mortgage industry terminology preferred.
  • Knowledge of Microsoft Suite at an intermediate level required.
  • Ability to make decisions that have significant impact on the department's credibility, operations, and services.
  • Ability to organize and prioritize own work schedule on short-term basis (longer that one month) and within allotted work schedule timelines.
  • Ability to add, subtract, multiply, and divide and to record, balance, and check results for accuracy.
  • Ability to express or exchange ideas by means of the spoken word, communicating orally with other accurately, audibly, and quickly.

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 paid to help Carrington and Vylla grow.
  • 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.

https://oag.ca.gov/privacy/ccpa 

Notice to all applicants: Carrington does not do interviews or make offers via text or chat. 

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