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Loss Mitigation Associate Jobs in Washington (NOW HIRING)

Set tone and establish mechanisms for open communications across deal teams, motivate associates in ... Perform the duties of a loan officer and be responsible for the restructuring/loss mitigation of ...

Full-Time Customer Service Supervisor

Annapolis, MD · On-site

$20.75 - $32.20/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

Full-Time Store Merchandising Supervisor

Ellicott City, MD · On-site

$22.25 - $34.50/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

Store Manager

Woodbridge, VA · On-site

$87K - $148K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Prevent loss by educating associates, monitoring daily store activity, maintaining product ... Ensuring the store has strong operational standards, shortage mitigation, and merchandising ...

Full-Time Customer Service Supervisor

Annapolis, MD · On-site

$20.75 - $32.20/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

Full-Time Store Merchandising Supervisor

Ellicott City, MD

$22.25 - $34.50/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

Assistant Store Manager

Gaithersburg, MD · On-site

$65K - $104K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Support prevention of loss by educating associates, monitoring daily store activity, maintaining ... Ensuring the store has strong operational standards, shortage mitigation, and merchandising ...

Support prevention of loss by educating associates, monitoring daily store activity, maintaining ... Ensuring the store has strong operational standards, shortage mitigation, and merchandising ...

Assistant Store Manager

Gaithersburg, MD

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Support prevention of loss by educating associates, monitoring daily store activity, maintaining ... Ensuring the store has strong operational standards, shortage mitigation, and merchandising ...

... product loss * Support the training of associates on merchandising standards, product knowledge ... Delivering strong operational standards, shortage mitigation, and merchandising presentation to ...

National Account Strategic Underwriter

Hanover, MD · On-site

$103K - $177K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... risk mitigation. * Assists in the technical development of underwriting associates, which may ... Fully insured and/or stop-loss experience preferred. * Financial background and/or consulting ...

National Account Strategic Underwriter

Hanover, MD · On-site

$103K - $177K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... risk mitigation. * Assists in the technical development of underwriting associates, which may ... Fully insured and/or stop-loss experience preferred. * Financial background and/or consulting ...

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Showing results 1-20

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 Washington?

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

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

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

Loss Mitigation Document Specialist

Freedom Mortgage

Columbia, MD • On-site, Remote

Full-time

Posted 6 days ago


Freedom Mortgage rating

7.8

Company rating: 7.8 out of 10

Based on 16 frontline employees who took The Breakroom Quiz


Job description

Summary
The Spec, Loss Mit Doc II is responsible for the intake review of loss mitigation options for all workout types on all loan types. Also responsible for assisting with inbox on an as needed basis depending on number of incoming items from borrowers and borrower's counsel.
Essential Job Functions may include:
  • Responsible for daily user maintenance of equipment.
  • Review all incoming documents received from borrowers.
  • Clearly notate system of record with documents received as well as documents still needed from borrower.
  • Properly upload all documentation from borrowers into Tempo to ensure it's loaded into the system of record (EDMS).
  • Issue letters to borrowers advising what items are still needed to send file to Underwriting.
  • Communicate with Underwriting, Mediations, Litigation, Foreclosure and SPOC teams on file statuses.
  • Thoroughly review files with pending Foreclosure sale dates to determine if we are able to send to Underwriting for a decision.
  • Review reports daily to ensure items completed the previous day were done accurately and correctly.
  • Respond to emails and Comtags on a daily basis in a professional and accurate manner.
  • Must be in compliance of established timelines and quality decisions for each file assigned.
  • Familiar with mortgage documents strongly preferred.
  • Must be familiar with financial documents.
  • Must have experience with processing.
  • Track, sort and open incoming e-mails and faxes received from other sources borrowers, authorized third parties and law firms.
  • Responsible for digitally combining packages and checking image for quality and accuracy.
  • Responsible for identifying correct borrower loan number and cross-reference by name, address, phone number, social security number or email address in LoanServ and Account Connect.
  • Load document images to electronic document repository database - EDMS and accurately categorize/index.
  • Create CIT flag in LoanServ notifying responsible business unit of document upload.
  • Aid in the disposition of documents process.
  • Maintain regular and punctual attendance.

Other Related Duties:
Performs other related duties as assigned.
Supervisory Responsibilities:
This position has no supervisory responsibilities.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required.
Education and/or Experience:
1-2 years experience as LM Document Specialist, I is required, or one year related experience and/or training, some College/Associates Degree or equivalent from two-year college or technical school preferred or equivalent combination of education and experience. Proficient in Excel, Adobe Acrobat and knowledge of various file formats.
Language Skills:
Ability to read business journals, financial reports and legal documents. Ability to present information and respond to questions from groups of administrators, managers, employees, customers and/or the general public.
Mathematical Skills:
Ability to add, subtract multiply and divide in all units of measure.
Reasoning Ability:
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
Personal/Organizational Contacts:
Regular and substantial contact with others. Contacts usually involve discussions related to file status and documentation provided. Handles sensitive, and/or confidential information.
Customer Service Relationships:
Requires normal courteous interaction and basic interpersonal skills and tact to communicate with others. Forwards non-routine inquiries or requests to appropriate individual and/or department.
Work Complexity:
Tasks are highly interrelated and simple. Work consists of fairly standard procedures and tasks.
Independent Judgement/Problem Solving:
Performs tasks and duties under direct supervision, using well-defined policies and procedures. Work is reviewed by supervisor. Limited opportunity exists for exercising independent judgment and decision making. Refers most problems to supervisor.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
Equal Employment Opportunity
Freedom Mortgage is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws.
Americans with Disabilities Act
Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.
Job Responsibilities
The following statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. Freedom Mortgage Corporation may change the specific job duties with or without prior notice based on the needs of the organization.
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