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Loss Mitigation Associate Jobs (NOW HIRING)

GOVX

Risk Mitigation Associate - Refunds

La Vergne, TN · On-site

$24 - $26/hr

The Risk Mitigation Associate - Refunds works to prevent financial loss by managing the end-to-end refund process and assisting in the detection of fraudulent activity. This role ensures transaction ...

GOVX

Risk Mitigation Associate - Fraud

La Vergne, TN · On-site

$20 - $23/hr

... losses. This role reports to the Risk Mitigation Manager and works closely with Member Services ... Associate's degree (Bachelor's preferred) and 1+ years in e-commerce fraud or risk management.

GovX

Risk Mitigation Associate - Fraud

La Vergne, TN · On-site

$20 - $23/hr

The Risk Mitigation Associate - Fraud is a full-time position responsible for supporting GOVX ... losses. This role reports to the Risk Mitigation Manager and works closely with Member Services.

New

GOVX

Risk Mitigation Associate - Fraud

La Vergne, TN · On-site

$20 - $23/hr

... losses. This role reports to the Risk Mitigation Manager and works closely with Member Services ... Associate's degree (Bachelor's preferred) and 1+ years in e-commerce fraud or risk management.

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How much do loss mitigation associate jobs pay per hour?

As of Jun 7, 2026, the average hourly pay for loss mitigation associate in the United States is $20.33, according to ZipRecruiter salary data. Most workers in this role earn between $14.42 and $24.52 per hour, depending on experience, location, and employer.

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 Loss Mitigation Associates?

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, and why are they important?

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.
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Loss Mitigation Associate jobs near you
Infographic showing various Loss Mitigation Associate job openings in the United States as of May 2026, with employment types broken down into 74% Full Time, 5% Temporary, 16% Contract, and 5% Nights. Highlights an 86% Physical, 6% Hybrid, and 8% Remote job distribution, with an average salary of $42,286 per year, or $20.3 per hour.

Default Support-Loss Mitigation Specialist

BSI Financial Services

Hunt Valley, MD • On-site

$55K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 18 days ago

Job description

Description
The Default Support-Loss Mitigation Specialist is a liaison between clients and borrowers to review viable solutions to avoid Foreclosure proceedings. Our representatives are expected to provide exceptional servicing of mortgage loans and be able to identify eligible retention programs for the borrower such as a Modification, Short Sale, GNMA, FHA, Fannie Mae, Freddie Mac, VA, and settlement options while ensuring compliance with mortgage holder guidelines and program-specific regulations. It is expected that our Account Representatives are also responsible for servicing or pushing loans from date of default through foreclosure sale, following FNMA guidelines as well as processing a bankruptcy portfolio from date of Bankruptcy filing to discharge in the event retention solutions are unavailable.
WHAT YOU WILL DO:
  • Familiar with standard concepts, practices, and procedures for foreclosure processing from date of default through foreclosure sale (judicial and non-judicial) to ensure compliance at all times
  • Responsible for pre foreclosure /due diligence review and complete foreclosure referral to attorney
  • Review of legal documents/affidavits prepared by foreclosure or bankruptcy counsel for accuracy prior to execution as well as preparing reinstatement, payoff and foreclosure sale bids when requested
  • Diligent review of loans assigned to attorneys to assure that milestones are being completed and attorneys are expediting the foreclosure or bankruptcy process to be completed within allowable state timelines as well as communicate any loss mitigation efforts and arrangements
  • Receive, validate and review new bankruptcy notifications and information for relevance and action needed and update all systems of records
  • Review bankruptcy plans for feasibility, mortgage modification mediation, and objection to protect investor's interest
  • Review/approve pre/post-petition payments for application in addition to reconciling loan histories and payment ledgers
  • Communicate with borrowers and various third parties associated with real estate transactions relating to foreclosures/bankruptcies both inbound and outbound and educate them on loss mitigation options available to resolve their delinquency.
  • Negotiate and formalize agreements with borrowers in foreclosure when appropriate. This includes verifying arrears, formulating terms of repayment, drafting stipulated repayment agreements, and ensuring that the initial terms and conditions of the agreement are met
  • Document stipulated repayment terms to ensure the agreements can be monitored
  • Due diligence on transfer files to ensure that BSI has system and all information accounted for and accurate
  • Maintain current account status in all systems of records being used
  • Responsible for meeting both State and Federal legal requirements and following internal policies pertaining to default loan management

WHAT WE'RE LOOKING FOR:
  • Borrower / Client Focus with clear and concise professional business communication
  • Time Management
  • Ability to multi-task & prioritize effectively and efficiently
  • Organizational skills and ability to handle confidential material with discretion
  • Identify Issues, research extensively and create resolutions quickly
  • Highly effective interpersonal, oral, and written communication skills
  • Ability to work well in a team environment or individually
  • Understanding of mortgage terminology, risk, and compliance
  • Excellent computer skills
  • Works well in high pressure, fast paced environment

Qualifications:
  • High School Diploma or General Educational Development (GED) Certificate
  • Associates degree (AA) or equivalent form two-year college preferred
  • Minimum of two (2) years' experience with foreclosures, bankruptcies and legal accounts
  • Knowledge of FDCPA, FCRA, SCRA and GSE
  • Ability to pass all NMLS Licensing
  • Ability to use Microsoft Office applications, specifically Excel and Word
  • Sagent Knowledge Preferred

Work Hours:
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, and fax machines. Ability to sit for long periods of time is essential. This is a full- time position. Days and hours of work are Monday through Friday, 8:00 a.m. to 5:00 p.m.
Compensation may vary based on location, experience, and qualifications. Anticipated compensation is $55,000.
What's in it for you?
  • Competitive compensation and full benefits package include medical, dental, and vision.
  • 100% company-paid life insurance and disability coverage!
  • 401K with company matching!
  • 17 days PTO (increases with tenure) and 9 company paid holidays!
  • Professional but fun, casual work environment and great team culture!

About BSI Financial
Founded in 1986, we provide financial services that support our vision of enabling sustainable home ownership by practicing core values that embody doing what is right; emphasizing problem solving; delivering on expectations and winning with humility. Our clients include lenders and investors who make home financing possible.
BSI Financial was ranked multiple times in the SMU Dallas 100 list of the fastest growing
companies in North Texas and was twice named to the Inc. 5000 list of the fastest growing U.S. companies.
EEO Statement
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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