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Loss Mitigation Coordinator Jobs (NOW HIRING)

LoanCare

Loss Mitigation Coordinator- Remote

$58K - $98K/yr

Overview The Loss Mitigation Coordinator leads reporting, analytics, and operational execution within the Loss Mitigation function. This role drives performance improvement through data analysis ...

Civic Credit Union

Loss Mitigation Manager

Raleigh, NC · On-site

$50K - $69K/yr

Collaborates as necessary with other internal business units and resources to ensure a coordinated approach to loss prevention. * Partners with the AVP of Risk Assessment and Loss Mitigation in ...

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Loss Mitigation Coordinator information

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$30.5K

$55.1K

$82.5K

How much do loss mitigation coordinator jobs pay per year?

As of Aug 12, 2026, the average yearly pay for loss mitigation coordinator in the United States is $55,084.00, according to ZipRecruiter salary data. Most workers in this role earn between $43,000.00 and $69,000.00 per year, depending on experience, location, and employer.

How to become a loss mitigation coordinator?

To become a loss mitigation coordinator, candidates typically need a high school diploma or equivalent, with some roles preferring a bachelor's degree in finance, business, or a related field. Relevant skills include knowledge of loan processes, strong communication, and problem-solving abilities; certifications such as the Certified Loss Mitigation Specialist (CLMS) can enhance prospects. Experience in mortgage servicing or collections is often beneficial, and familiarity with loan management software is advantageous.

What does a loss mitigation coordinator do?

A Loss Mitigation Coordinator is responsible for helping borrowers who are struggling to make mortgage payments find solutions to avoid foreclosure. They review borrower financial information, assess eligibility for various assistance programs, and work with both the borrower and lenders to negotiate repayment plans, loan modifications, or other alternatives. Their goal is to minimize financial losses for the lender while helping homeowners retain their properties whenever possible.

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

To thrive as a Loss Mitigation Coordinator, you need knowledge of mortgage servicing, foreclosure processes, and relevant legal regulations, usually supported by experience in real estate, finance, or related fields. Proficiency with loan servicing software, Microsoft Office Suite, and familiarity with federal programs like HAMP or FHA loss mitigation are typically required. Strong negotiation skills, attention to detail, and effective communication are crucial soft skills for managing borrower interactions and collaborating with internal teams. These abilities are essential to efficiently resolve delinquent accounts, minimize financial loss, and ensure compliance with industry standards.

What is the difference between Loss Mitigation Coordinator vs Loan Processor?

AspectLoss Mitigation CoordinatorLoan Processor
Required CredentialsTypically requires knowledge of mortgage guidelines, customer service skills, and sometimes certifications in loss mitigation or mortgage lendingRequires understanding of loan documentation, credit analysis, and often mortgage or banking certifications
Work EnvironmentWorks mainly with distressed borrowers, lenders, and loss mitigation teams in a financial or mortgage settingWorks with loan applications, documentation, and lenders to process new or existing loans
Employer & Industry UsageCommonly employed by mortgage lenders, banks, and servicing companiesEmployed by banks, mortgage companies, and financial institutions involved in loan processing

The main difference is that a Loss Mitigation Coordinator focuses on helping borrowers avoid foreclosure through loss mitigation strategies, while a Loan Processor handles the paperwork and approval process for new or existing loans. Both roles require knowledge of mortgage procedures but serve different stages of the loan lifecycle.

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

Loss Mitigation Coordinators frequently work closely with departments such as collections, underwriting, and legal to develop effective solutions for borrowers in default. They coordinate with loan servicing teams to gather borrower information, review financial documentation, and recommend appropriate workout options. Collaboration with legal and compliance teams is also common to ensure all actions adhere to regulatory guidelines. This cross-functional teamwork is essential for crafting sustainable repayment plans and reducing potential losses for the organization.
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What cities are hiring for Loss Mitigation Coordinator jobs? Cities with the most Loss Mitigation Coordinator job openings:
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Loss Mitigation Coordinator jobs near you
Infographic showing various Loss Mitigation Coordinator job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 16% Part Time, 1% Temporary, and 2% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $55,084 per year, or $26.5 per hour.

Loss Mitigation Coordinator- Remote

LoanCare

Remote

$58K - $98K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 15 days ago

Job description

Overview
The Loss Mitigation Coordinator leads reporting, analytics, and operational execution within the Loss Mitigation function. This role drives performance improvement through data analysis, reporting strategy, and cross-functional coordination. The Coordinator partners with business and technology teams to design reporting solutions, monitor trends, and ensure operational effectiveness across default servicing activities including Loss Mitigation, Foreclosure, and Bankruptcy.
Responsibilities
  • Lead development, oversight, and delivery of Loss Mitigation reporting and analytics.
  • Monitor and analyze control reports to identify trends, risks, and performance opportunities.
  • Oversee preparation of daily, weekly, monthly, and ad hoc management reports.
  • Serve as liaison between Loss Mitigation, Information Services, and other business units.
  • Direct design, development, testing, and implementation of reports, dashboards, and data solutions.
  • Establish and enforce reporting standards, best practices, and repeatable processes.
  • Ensure accuracy and consistency across reporting outputs and data sources.
  • Support strategic decision-making through data insights and operational analysis.
  • Facilitate gathering and documentation of business and reporting requirements.
  • Oversee reporting related to billable departmental activities.
  • Collaborate with internal and external stakeholders, including vendors.
  • Identify opportunities to improve efficiency within default servicing processes.
  • Manage multiple priorities in a fast-paced environment.
  • All other duties as assigned.

Qualifications
  • High School Diploma or equivalent required.
  • 5-8 years of progressive experience in mortgage servicing, reporting, or analytics.
  • Strong experience in Loss Mitigation, Foreclosure, and Bankruptcy operations.
  • Advanced proficiency in Microsoft Office, especially Excel.
  • Experience developing reports, dashboards, and data solutions.
  • Strong analytical and problem-solving skills.
  • Ability to interpret complex datasets into actionable insights.
  • Experience with MSP, FiServ, or similar mortgage platforms.
  • Excellent communication skills.
  • Proven ability to manage multiple initiatives and deadlines.

Desired Skills and Qualifications
  • Bachelor's degree in Business, Finance, Data Analytics, or related field.
  • Experience with enterprise-level reporting or data warehouse solutions.
  • Familiarity with BI tools such as Power BI.
  • Experience improving operational processes.
  • Leadership experience in default servicing or analytics.
  • Knowledge of invoicing, billing, or cost tracking within servicing.

Total Rewards
LoanCare's Total Rewards Package offers a comprehensive blend of health and welfare, financial, lifestyle and learning benefits to support employee well-being and engagement. Highlights include:
  • Health & Welfare Coverage: Optional medical, dental, vision, life, and disability insurance
  • Time Off: Paid holidays, vacation, and sick leave
  • Retirement & Investment: Fidelity National Financial matching 401(k) and employee stock purchase plans
  • Wellness Programs: Access to mental health resources, including free Calm memberships, and initiatives that promote physical and emotional well-being
  • Employee Recognition: Programs that celebrate achievements and milestones
  • Lifestyle & Learning Perks: Enjoy discounts on gym memberships, pet insurance, and employee purchasing programs, plus access to a tuition reimbursement program that supports your continued education and professional growth.

Compensation Range: $58,700-$98,600 annually. Actual compensation may vary within the range provided, depending on a number of factors, including qualifications, skills and experience.
Build Your Future with LoanCare®
At LoanCare, we don't just service mortgage loans-we serve people. As a leading full-service mortgage loan subservicer, we deliver excellence to banks, credit unions, independent mortgage companies, investors, and the homeowners they support. Backed by the strength and stability of Fidelity National Financial (NYSE: FNF), a Fortune 500 company, we offer a career foundation built on integrity, innovation, and collaboration.
Here, you'll find:
  • A culture that helps you thrive, with resources and support to fuel your growth
  • Flexibility to work remotely, while staying connected through virtual engagement
  • Opportunities to make a real impact in an industry that touches millions of lives
  • If you're ready to grow your career in a place that values your contributions and empowers your success, we invite you to join our team.

About Remote Employment
We provide the necessary equipment; all you need is a quiet, private place in your home and a high-speed internet connection with a minimum network download speed of 25 megabits per second (MBPS) and a minimum network upload speed of 10 MBPS
WHO WE ARE
About us ...
LoanCare is a leading national provider of full service subservicing and interim subservicing to the mortgage industry and has offered its expertise and best practices in providing servicing solutions for others since 1991. At the present time, LoanCare subservices over 1.8 million loans in 50 states. LoanCare has a seasoned loan servicing team with senior managers averaging nearly 30 years of experience in the mortgage and financial services industry.
LoanCare, its affiliates and subsidiaries, is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression (including transgender status), genetic information or any other characteristic protected by applicable law.
WORK CONDITIONS
Working conditions are normal for an office environment. Ability to attend work and be productive during normal business hours and to work early, late or weekend hours as needed for successful job performance. Over time required as necessary.
Essential functions are the basic job duties that an employee must be able to perform, with or without reasonable accommodation.
EQUAL EMPLOYMENT OPPORTUNITY
LoanCare, its affiliates and subsidiaries, is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression (including transgender status), genetic information or any other characteristic protected by applicable law.
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