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Loss Mitigation Manager Jobs in Virginia (NOW HIRING)

Mortgage Customer Services Specialist

Richmond, VA · On-site

$16.75 - $22/hr

This role also handles inbound loss mitigation calls and discusses available options with borrowers ... Ability to manage priorities and maintain accuracy in a fast-paced, phone-intensive environment.

Banking/Credit Union, Loan Servicing, Loss Mitigation related Industry Certifications. * Direct experience using systems for document management (e.g., OnBase), default management (e.g., Default ...

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Loss Mitigation Manager information

See Virginia salary details

$86.7K

$143.3K

How much do loss mitigation manager jobs pay per year?

As of Aug 23, 2026, the average yearly pay for loss mitigation manager in Virginia is $140,798.00, according to ZipRecruiter salary data. Most workers in this role earn between $141,800.00 and $141,800.00 per year, depending on experience, location, and employer.

What does a loss mitigation manager do?

A Loss Mitigation Manager oversees strategies to minimize financial losses for a lender by helping borrowers avoid foreclosure. They manage loan workout programs, negotiate repayment plans or loan modifications, and ensure compliance with regulations. Their role involves analyzing delinquent accounts, communicating with borrowers, and coordinating with legal and financial teams. Effective loss mitigation helps protect both the lender and the borrower by finding sustainable solutions to financial distress.

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

To thrive as a Loss Mitigation Manager, you need in-depth knowledge of mortgage servicing, foreclosure prevention strategies, and relevant legal and regulatory requirements, typically supported by a bachelor's degree in finance, business, or a related field. Familiarity with loan servicing software, CRM platforms, and specialized loss mitigation systems is valuable, along with certifications such as Certified Mortgage Banker (CMB) or similar credentials. Excellent negotiation, problem-solving, and communication skills set exceptional candidates apart, along with the ability to handle sensitive customer situations with empathy. These skills are essential to effectively minimize financial losses, ensure compliance, and foster positive outcomes for both the institution and its clients.

What are some typical challenges faced by loss mitigation managers in their daily work?

Loss Mitigation Managers often navigate complex cases involving borrowers facing financial hardship, requiring careful analysis and tailored resolution strategies. Balancing the needs of distressed borrowers with organizational risk management goals can present unique challenges, especially in high-volume, fast-paced environments. Managers regularly collaborate with loan officers, legal teams, and external agencies to find effective, compliant solutions. Success in the role often comes from the ability to adapt to changing regulations, maintain detailed documentation, and develop strong relationships with both customers and internal stakeholders.

What are the most commonly searched types of Loss Mitigation jobs in Virginia?

The most popular types of Loss Mitigation jobs in Virginia are:

What are popular job titles related to Loss Mitigation Manager jobs in Virginia?

For Loss Mitigation Manager jobs in Virginia, the most frequently searched job titles are:

What job categories do people searching Loss Mitigation Manager jobs in Virginia look for?

The top searched job categories for Loss Mitigation Manager jobs in Virginia are:

What cities in Virginia are hiring for Loss Mitigation Manager jobs?

Cities in Virginia with the most Loss Mitigation Manager job openings:

Infographic showing various Loss Mitigation Manager job openings in Virginia as of August 2026, with employment types broken down into 80% Full Time, 19% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $140,798 per year, or $67.7 per hour.

Loss Mitigation Associate

Equity Residential

Virginia Beach, VA • On-site

$38K - $51K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 27 days ago


Equity Residential rating

6.7

Company rating: 6.7 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

136th of 256 rated facilities management


Job description


Loss Mitigation Associate
Position Type:
Full time
Weekly Scheduled Hours:
40
State:
Texas
City:
San Antonio
Zip Code:
78251
Total Base Pay Range:
$38,300.00 - $51,900.00
Overview:
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role:
The Third-Party Services Loss Mitigation position will follow delinquent accounts through the lifecycle of the legal process and assist residents, client(s) as well as our attorneys in various ways.
Residents will be assisted via inbound telephone calls through a dedicated queue which provides a great amount of experience and education prior to advancing to notice preparation and attorney interaction. Working in conjunction with management and our client(s) regarding the posting of notices for delinquent accounts, resident accounts will be researched and reviewed and said notices will be prepared. Accounts that continue to have outstanding balances will be forwarded to attorney firms and/or a vendor once the notices expire. This position will complete Loss Mitigation tasks from our client(s), other departments within the CCC and attorney firms. Further, management of Payment Stipulations assigned by the Courts will be required.
Essential Duties:
Provide professional and empathetic service across all call queues, including Frontline, Payment, Legal, SODA, and calls from clients and attorneys; efficiently resolve conflicts; support account audits, email correspondence, and adjustments
Research/Review accounts with outstanding balances and Prep/Forward accounts and send to our external attorney firms
Complete Loss Mitigation Tasks
Manage accounts in Open Litigation and follow up on cases
Actively participates in coaching, training, and personal development sessions.
Perform all duties in accordance with AVB Core Values and completes timely follow-up.
Maintain schedule requirements to achieve department adherence threshold.
Education:
High school diploma OR equivalent (GED) required.
Experience:
Computer programs including Excel and Word, general understanding of credits/debits and general mathematics.
A minimum of two years of customer service experience required.
Knowledge, Skills and Abilities:
Possesses customer service knowledge and ability to deliver exceptional customer experience, internally and externally.
Reads and writes English as demonstrated by clear and concise written and verbal communications.
Possesses basic math skills.
Experience with Microsoft Office Suite.
Exceptional attention to detail.
Problem solving skills; ability to identify customer concerns, acknowledge with empathy and articulate solution for the concern with a focus on providing a one call resolution.
Ability to multi-task and perform other administrative tasks.
Exhibits ability and willingness to work on a flexible schedule.
Minimum Internet speed of 25MBPS (Uploads and Downloads) requirements and must be hardwired. Must have this network requirements to work remotely. Wifi is not acceptable or allowed.
How AvalonBay Supports You:
We know that our teams are the beating heart of our success and we re committed to showing our appreciation.
We offer:
  • Comprehensive benefits health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
  • Growth based on achievement and promotion from within.
  • Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization including destination awards, AvalonBay s Very Best recognition program and others!).
  • A 20% discount on our incredible apartment homes.
  • A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.

Additional Info:
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
AvalonBay will consider for employment qualified applicants with criminal histories in a manner consistent with requirements under the law.
Applications are being accepted on an ongoing basis.
AvalonBay does not require or request that you provide any information that identifies your age, date of birth, or dates of school attendance or graduation. Please redact this information prior to the submission of your application and/or leave these fields incomplete on your application.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
No Fees Notice & Recruitment Fraud Disclaimer:
AvalonBay Communities, Inc. ( AvalonBay ) is aware that there is recruitment fraud activity whereby scammers impersonate AvalonBay and offer fake employment opportunities to candidates. These scammers often seek to obtain personal information or money from candidates.
Please note that AvalonBay will never charge any candidate a registration fee, hiring fee, or any other fee in connection with its recruitment and hiring process.
If you suspect that you are being contacted by a scammer impersonating our company, please report it immediately to our official HR Department (avalonbayhumanresources@avalonbay.com).

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