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Loss Mitigation Associate Jobs (NOW HIRING)

landmarkcu

Member Solutions Associate

Brookfield, WI · On-site

... help our associates grow their careers. Bring your authentic self to work as part of an ... They will be responsible to discuss payment and loss mitigation options with members. They will ...

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Loss Mitigation Associate information

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How much do loss mitigation associate jobs pay per hour?

As of Jul 9, 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.

What is the highest paying job in the mortgage industry?

In the mortgage industry, senior roles such as Mortgage Vice Presidents, Chief Underwriters, or Regional Managers tend to have the highest salaries, often exceeding six figures. These positions typically require extensive experience, leadership skills, and industry knowledge, and may involve overseeing large teams or strategic operations.

What jobs pay $500,000 a year in the US?

In the US, high-paying roles such as senior executives, specialized surgeons, and successful entrepreneurs can earn $500,000 or more annually. Certain finance, technology, and legal positions, especially with bonuses or profit sharing, also reach this level, often requiring advanced skills, extensive experience, and professional certifications.

What is a loss mitigation job description?

A loss mitigation associate is responsible for working with borrowers to develop solutions that prevent foreclosure or loan default, such as loan modifications, repayment plans, or forbearance agreements. The role involves analyzing financial documents, negotiating terms, and maintaining compliance with lending regulations, often requiring strong communication and problem-solving skills. This position typically involves working within a team and using specialized software to track case progress.

How much does a loss mitigation manager make?

A loss mitigation manager typically earns between $50,000 and $85,000 annually, depending on experience, location, and the size of the organization. They often require strong communication skills and knowledge of loan servicing or financial regulations.
What cities are hiring for Loss Mitigation Associate jobs? Cities with the most Loss Mitigation Associate job openings:
What are the most commonly searched types of Loss Mitigation jobs? The most popular types of Loss Mitigation jobs are:
What states have the most Loss Mitigation Associate jobs? States with the most job openings for Loss Mitigation Associate jobs include:
Loss Mitigation Associate jobs near you
CAM Documentation & Control Specialist I

CAM Documentation & Control Specialist I

M&T Bank

Getzville, NY

$18.68 - $31.14/hr

Full-time

Re-posted 15 days ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 182 frontline employees who took The Breakroom Quiz

72nd of 146 rated banks

Job description

Overview:

This position is responsible for receiving and compiling loss mitigation documentation from customers and evaluating loss mitigation files for completion. 

Primary Responsibilities:
  • Understand investor's waterfall and required documents for loss mitigation.  Ensure receipt of all required documentation, including, but not limited to, a hardship letter, bank statements, pay stubs, alimony agreements and evidence of social security or pension payments.
  • Identify proof of income listed on financial documents. 
  • Request missing or additional documentation needed to move forward with the borrower's request for loss mitigation.
  • Communicate with the Single Point of Contact regarding follow up document requests.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Complete other related duties as assigned.
Scope of Responsibilities:

This position serves as a critical control point for the loss mitigation process, ensuring that all investor requirements are met with respect to documentation for loss mitigation

Education and Experience Required:

A combined 2 years' higher education and/or work experience.

General personal computing skills including proficiency with word processing and spreadsheet software.

Education and Experience Preferred:

Associate's degree.

Collections experience.

Knowledge of M&T systems.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $18.68 - $31.14 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationGetzville, New York, United States of America

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