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Loss Mitigation Auditor Jobs (NOW HIRING)

Guild

Loss Mitigation Supervisor

$64K - $80K/yr

The Loss Mitigation Supervisor manages employees, sets objectives, and assigns work/projects ... Review files requested by internal and external auditors and respond to audit findings by preparing ...

Northern Trust Corp

Loss Mitigation Consultant

Chicago, IL · On-site

$74.20 - $126.20/hr

## Loss Mitigation ConsultantApplylocations: Chicago, ILtime type: Full timeposted on: Posted Todayjob ... Interacts with regulators, internal and external auditors on regulatory topics as needed and ...

Northern Trust

Loss Mitigation Consultant

Chicago, IL · Hybrid

$74K - $126K/yr

Interacts with regulators, internal and external auditors on regulatory topics as needed and ... Experience with residential mortgages, loss mitigation, and/or foreclosure/bankruptcy. #LI-LK2, #LI ...

Northern Trust

Loss Mitigation Consultant

Chicago, IL · On-site

$74K - $126K/yr

Interacts with regulators, internal and external auditors on regulatory topics as needed and ... Experience with residential mortgages, loss mitigation, and/or foreclosure/bankruptcy. #LI-LK2, #LI ...

DMC Insurance, Inc.

Claims Auditor

Indianapolis, IN · On-site

Make recommendations on claim best practices and loss mitigation REQUIREMENTS * Minimum of 3 years of multi-state commercial auto liability experience * Claim auditing experience required * College ...

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Loss Mitigation Auditor information

See salary details

$35K

$43.3K

$49K

How much do loss mitigation auditor jobs pay per year?

As of Sep 7, 2026, the average yearly pay for loss mitigation auditor in the United States is $43,250.00, according to ZipRecruiter salary data. Most workers in this role earn between $39,000.00 and $47,500.00 per year, depending on experience, location, and employer.

What is a loss mitigation auditor?

A Loss Mitigation Auditor is a financial professional responsible for reviewing and evaluating loss mitigation activities within lending institutions, such as banks or mortgage companies. Their primary role is to ensure that all processes related to loan modifications, short sales, forbearances, and other loss mitigation strategies comply with internal policies and regulatory requirements. By auditing these activities, they help identify potential risks, prevent financial losses, and improve operational efficiency. This position requires strong analytical skills, attention to detail, and knowledge of relevant laws and industry best practices.

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

To thrive as a Loss Mitigation Auditor, you need a solid understanding of mortgage lending, risk assessment, and compliance regulations, typically supported by experience in finance or real estate and a relevant degree. Familiarity with auditing software, loan servicing platforms, and regulatory compliance tools such as Fannie Mae and Freddie Mac guidelines is essential. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for identifying discrepancies and ensuring accurate reporting. These skills and qualities help prevent financial losses, maintain regulatory compliance, and support the integrity of the loan mitigation process.

How does a loss mitigation auditor typically collaborate with other departments during the loan review process?

Loss Mitigation Auditors work closely with departments such as loan servicing, collections, and legal to ensure that loss mitigation strategies are properly executed and compliant with regulatory standards. They often review case files, communicate findings, and provide feedback to underwriting or servicing teams to address discrepancies or improve processes. This collaborative environment helps identify risk areas, implement corrective actions, and maintain the integrity of the organization's loan portfolio. Effective communication and teamwork are essential, as auditors frequently participate in cross-functional meetings and share insights to strengthen overall risk management.

What is the difference between Loss Mitigation Auditor vs Loss Prevention Specialist?

AspectLoss Mitigation AuditorLoss Prevention Specialist
CredentialsTypically requires mortgage or financial certifications, such as HUD certifications or loan modification trainingOften requires security or retail loss prevention certifications, like CPI or LPC
Work EnvironmentWorks mainly in financial institutions, mortgage companies, or loan servicing firmsWorks in retail stores, security firms, or corporate environments
Employer & IndustryFinancial services, mortgage, bankingRetail, security, manufacturing

While both roles focus on minimizing financial losses, a Loss Mitigation Auditor specializes in reviewing and managing mortgage or loan accounts to prevent defaults, whereas a Loss Prevention Specialist concentrates on preventing theft and security breaches in retail or corporate settings. Their skills and certifications reflect their industry-specific focus, making each role distinct despite overlapping goals of reducing financial loss.

More about Loss Mitigation Auditor jobs

What job categories do people searching Loss Mitigation Auditor jobs look for?

The top searched job categories for Loss Mitigation Auditor jobs are:

Loss Mitigation Auditor jobs near you
Infographic showing various Loss Mitigation Auditor job openings in the United States as of August 2026, with employment types broken down into 72% Full Time, 26% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $43,250 per year, or $20.8 per hour.

Loss Mitigation Supervisor

Guild

Remote

$64K - $80K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 18 days ago

Job description

Guild Mortgage Company, closing loans and opening doors since 1960. As a mortgage banking firm we are dedicated to serving the home owner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry.
Position Summary
The Loss Mitigation Supervisor plays an important role in the organization by overseeing a number of activities directly related to the company's Loss Mitigation functions. The role is responsible for overseeing the day-to-day productivity of direct reports and monitoring reports to ensure Loss Mitigation department efficiency. The Loss Mitigation Supervisor manages employees, sets objectives, and assigns work/projects related their area(s) of expertise and supervision. He or she also ensures loss mitigation reviews and processes are conducted timely, accurately and in compliance with established investor, company, state and federal guidelines and regulations.
Candidates located outside of California may work fully remote. Candidates living in San Diego County are expected to work from our office two days per week as part of a hybrid work schedule.
Compensation
This role is an exempt position with a Targeted Salary Range of $64,000 to $80,000 annually.
Compensation at Guild is influenced by a wide array of factors including but not limited to local and federal minimum wage requirements, education, level of experience, and applicant's geographical location.
Essential Functions
  • Monitor metrics and maximize productivity, efficiency, investor compliance and service levels for area(s) under supervision.
  • Hire, train, coach, discipline and exit team members.
  • Perform quality control and audit reviews on loans, including all income/expense calculations, to ensure compliance with agreed upon standards and state and investor guidelines.
  • Provide coaching, guidance, and recognition to reports on all FHA insured loan workouts; review work to ensure solid business decisions are made in underwriting modifications, and in reconciling and settling accounts.
  • Review denied cases and research/recommend feasible alternatives.
  • Analyze escalated accounts for compliance and exceptions to modification program guidelines.
  • Participate in calls with clients and homeowners; discuss topics and issues related to loss mitigation.
  • Provide weekly productivity reports and status updates, and remediates action items to ensure loss mitigation cases move through the decision process both on a timely basis, and in accordance with regulations and guidelines.
  • Review files requested by internal and external auditors and respond to audit findings by preparing formal responses and ensuring remediation of noted issues.
  • Ensure inventory is managed effectively and in accordance with all applicable regulations and guidelines.
  • Develop and deliver training that encompasses changes, improvements, and other information related to investor rules and regulations, compliance criteria, internal policy and guidelines, and best practices.
  • Manage department projects that encompass improvements and modifications to current processes, implementation of new processes, and skills training.
  • Role model patience and professionalism when interacting with consumers via phone, email, or letter.
  • Review FHA Waterfall Calculations and verify correct home retention loss mitigation options are chosen and communicated to borrowers.
  • Manage and control loss mitigation general ledger; review all invoices input by Specialists; reconciles TBB2 against payment of title policy invoices.
  • Perform other duties as assigned.

Qualifications
  • High school diploma and some college, technical training or equivalent required; Bachelor's degree in Finance, Business or a related field preferred, along with seven or more years total mortgage default, loss mitigation and short sale experience, with at least two years in a supervisory/lead role.
  • Expert-level knowledge of conventional and government mortgage loan documents, including overall processes and inter-relationships, standards and requirements, terminology, compliance and regulatory requirements related to federal debt collection laws, Federal Bankruptcy Laws, and proper handling of other legal situations.
  • Knowledge of Standard Operating Procedures, CFPB, FCRA and FDCPA preferred.
  • Strong interpersonal and problem-solving skills.
  • Highly organized and detail oriented; ability to work in a fast-paced, department-metrics-driven environment required.
  • Advanced math skills required.
  • Proficiency with basic internet searches, data entry, Microsoft Word, Excel, PowerPoint and Outlook required.
  • Familiarity with document retention software; Blitzdoc preferred.
  • 10-key by touch strongly preferred.

Supervision
Direct:
Number
Job Titles
3-5
Loss Mitigation Specialist
Indirect:
0
  • General supervision required, depending on experience level
  • High level of independent judgment and decision-making
  • Manage multiple priorities in a deadline-driven environment; leads with a strong sense of urgency and responsiveness
  • Excellent verbal and written communication skills
  • Strong detail orientation and highly organized
  • Hire, train, coach, discipline and exit team members.
  • Ability to be patient and train less experienced team members, respond to questions, build capability
  • Travel: 0%

Requirements
  • Physical: Work is primarily sedentary; occasionally walks and/or stands.
  • Manual Dexterity: Frequent use of computer keyboard and mouse.
  • Audio/Visual: Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation. Regularly required to accurately perceive, distinguish and interpret information received visually and through audio; e.g., words, numbers and other data broadcasted aloud/viewed on a screen, as well as print and other media.
  • Environmental: Office environment - no substantial exposure to adverse environmental conditions.

Guild offers a pleasant work environment, competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match.
Guild Mortgage Company is an Equal Opportunity Employer.
REQ#: LOSSM018454
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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