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Loss Mitigation Director Jobs (NOW HIRING)

Cornerstone Capital

$70K - $80K/yr

The Loss Mitigation Operations Supervisor will be responsible for the day-to-day activities of the ... Conduct regular 1-on-1s with direct reports. * Stay up to date on investor, client, and product ...

World Finance

Loss Mitigation Manager

Greenville, SC

$60K - $65K/yr

The Loss Mitigation Manager will be responsible for overseeing the day-to-day activities, processes ... This position will have multiple direct reports and is responsible for 7+ FTE. The Internal ...

Dime Bank

Loss Mitigation Coordinator

Norwich, CT · On-site

... as directed by the US Treasury and FNMA, Asset Management Network sites (HSSN). * Coordinate completion of approved loss mitigation options with borrowers (closing) such as modification and ...

Banterra Bank

Loss Mitigation Spec I

Marion, IL · On-site

$16.01 - $18.41/hr

Pay Range: $16.01USD to $18.41USD SUMMARY The Loss Mitigation Specialist I is responsible for initiating and directing the remediation of defaulted accounts, monitoring past-due accounts, and ...

Banterra Corp.

Loss Mitigation Spec I

Marion, IL · On-site

$16.01 - $18.41/hr

Pay Range: $16.01USD to $18.41USD SUMMARY The Loss Mitigation Specialist I is responsible for initiating and directing the remediation of defaulted accounts, monitoring past-due accounts, and ...

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Loss Mitigation Director information

See salary details

$68K

$114.4K

$206K

How much do loss mitigation director jobs pay per year?

As of Sep 11, 2026, the average yearly pay for loss mitigation director in the United States is $114,374.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,500.00 and $126,500.00 per year, depending on experience, location, and employer.

What does a loss mitigation director do?

A Loss Mitigation Director oversees strategies and operations to minimize financial losses for a lending institution, typically in the mortgage or banking industry. They manage teams responsible for working with borrowers to prevent foreclosures, such as by offering loan modifications, repayment plans, or short sales. The director ensures compliance with industry regulations, develops policies to reduce risk, and collaborates with other departments to implement best practices. Their goal is to protect the lender's assets while helping borrowers find solutions to keep their homes whenever possible.

How does a loss mitigation director typically collaborate with other departments to resolve delinquent loans?

A Loss Mitigation Director works closely with teams such as loan servicing, collections, legal, and risk management to develop and implement strategies for resolving delinquent loans. Collaboration often involves regular meetings to review at-risk accounts, sharing borrower information, and coordinating solutions like repayment plans or loan modifications. Effective communication with these departments ensures that all actions are compliant with regulations and that borrower needs are addressed promptly. This cross-functional teamwork is essential for minimizing losses while maintaining positive customer relationships.

What are the key skills and qualifications needed to thrive as a loss mitigation director, and why are they important?

To thrive as a Loss Mitigation Director, you need expertise in mortgage servicing, default management, and financial analysis, often supported by a bachelor's degree in finance or a related field. Familiarity with loan management systems, regulatory compliance tools, and industry certifications such as Certified Mortgage Banker (CMB) are commonly required. Strong leadership, negotiation, and strategic communication skills set top performers apart in this role. These skills are crucial for effectively managing risk, ensuring regulatory compliance, and optimizing loan recovery processes for financial institutions.

What is the difference between Loss Mitigation Director vs Loss Mitigation Specialist?

AspectLoss Mitigation DirectorLoss Mitigation Specialist
CredentialsTypically requires a bachelor’s degree and industry certificationsOften requires similar certifications but may have less formal education requirements
Work EnvironmentOversees teams and strategies in a corporate settingWorks directly with borrowers and loan portfolios
ResponsibilitiesDevelops loss mitigation policies, manages teams, and sets strategic goalsEvaluates borrower situations, recommends solutions, and processes mitigation options

The Loss Mitigation Director focuses on strategic leadership and team management within the industry, while the Loss Mitigation Specialist handles direct borrower interactions and case evaluations. Both roles require industry knowledge and certifications, but differ in scope and responsibilities.

What cities are hiring for Loss Mitigation Director jobs?

Cities with the most Loss Mitigation Director 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 Director jobs?

States with the most job openings for Loss Mitigation Director jobs include:

What are popular job titles related to Loss Mitigation Director jobs?

For Loss Mitigation Director jobs, the most frequently searched job titles are:

Loss Mitigation Director jobs near you
Infographic showing various Loss Mitigation Director job openings in the United States as of August 2026, with employment types broken down into 2% As Needed, 83% Full Time, 12% Part Time, 1% Temporary, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $114,374 per year, or $55 per hour.

Loss Mitigation Operations Supervisor

On-site

Cornerstone Capital
See more jobs at Cornerstone Capitalexternal

$70K - $80K/yr

Other

Medical, Dental, Vision, Life, Retirement

Posted 5 days ago

Job description

  • Pay or shift range: $70,000 USD to $80,000 USD
    The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.
Description Who we are:

Cornerstone Servicing, a division of Cornerstone Capital Bank, is a best-in-class mortgage servicer with a reputation for amazing service, customer satisfaction, employee retention and happiness! We employ people who are passionately committed to Cornerstone's Mission, Vision & Core Convictions.

We honorGodby using our talents to make apositive differencein the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.

Who we are lookingfor:

The Loss Mitigation Operations Supervisor will be responsible for the day-to-day activities of the loss mitigation document intake, underwriting, closing, and post-closing processes. The individual in this role will manage a team of operations employees and assist with the oversight of offshore operations.

  • Location: Onsite daily in either Houston, TX or Englewood, CO
Key Responsibilities:
  • Manage the completion of daily loss mitigation responsibilities using a loss mitigation pipeline report.
  • Ensure compliance with all RESPA regulations including, but not limited to, timely application acknowledgments and timely underwriting decisions.
  • Monitor and manage to Internal and Client SLAs.
  • Analyze daily reports to identify potential process gaps or bottlenecks and propose process enhancements or improvements.
  • Oversee the loss mitigation quality control process to produce actionable feedback and improve individual performance.
  • Conduct regular 1-on-1s with direct reports.
  • Stay up to date on investor, client, and product changes and effectively communicate with and train team members.
  • Assist with departmental audits and requests from internal and external sources.
What you'll need to be successful:
  • High School Diploma/GED or equivalent work experience
  • Minimum 6 years of experience in Loss Mitigation underwriting and operations.
  • Minimum of 2 years of supervisor experience.
  • Experience with Black Knight Director 7 (MSP) and Loss Mitigation Solution (LMS) desired.
  • Knowledge of Fannie Mae, Freddie Mac, and Ginnie Mae permanent loss mitigation document requirements.
  • Understanding of Mortgage Electronic Registration System (MERS) document requirements.
  • Experience working in Fannie Mae - SMDU, Freddie Mac - Resolve, VA - VALERI, and USDA - USDALinc systems preferred.
  • Minimum 5 years of experience using Microsoft Office Suite (Word, Excel, Outlook, etc.)
  • Strong organizational skills and attention to detail.
  • Experience in Quality Control systems preferred.
  • High level of Integrity/confidentiality while handling secure information in addition to having the ability to work through stressful situations professionally and handle frequent changes.
What we offer:

Because we recognize and reward hard work, we offer a competitive salary, Medical, Dental, Vision, , Accidental Death, Long-Term Disability, Short-Term Disability, FSA, HSA, 401K, Basic Life, Voluntary Life, and Paid Parental Leave benefits, as well as the opportunity for a performance based bonus based on position and department.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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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