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Loss Mitigation Manager Jobs (NOW HIRING)

IOU Financial

Loss Mitigation Coordinator

Kennesaw, GA · Hybrid

LOSS MITIGATION COORDINATOR We're looking for a mid-stage collector responsible for contacting ... The Specialist will effectively communicate and support management's goals while providing high ...

Old National Bank

Loss Mitigation Specialist

Evansville, IN · Hybrid

$18.25 - $29.75/hr

The Loss Mitigation Specialist will focus on real estate secured loans that are 40+ days past due ... On occasion, must effectively and respectfully communicate with cohorts and management within ONB ...

IOU Financial

Loss Mitigation Coordinator

Kennesaw, GA · On-site

LOSS MITIGATION COORDINATOR We're looking for a mid-stage collector responsible for contacting ... The Specialist will effectively communicate and support management's goals while providing high ...

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 ... As a global leader in innovative wealth management, asset servicing, asset management and banking ...

NewRez LLC

Supervisor - Loss Mitigation

Tempe, AZ · On-site

$70 - $90/hr

Primary Function Supervises a team of Loss Mitigation Specialists to minimize losses on delinquent ... Provide guidance and leadership for management and staff. * Lead and mentor staff to develop and ...

Arise Financial

Loss Mitigation Analyst I

Canton, MA · On-site

$26.50 - $28.50/hr

Meaningful work that positively impacts our members and communities About the Role As a Loss Mitigation Analyst I , you'll support the Financial Assistance team in managing delinquent accounts and ...

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Loss Mitigation Manager information

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$87.5K

$144.5K

How much do loss mitigation manager jobs pay per year?

As of Sep 6, 2026, the average yearly pay for loss mitigation manager in the United States is $142,017.00, according to ZipRecruiter salary data. Most workers in this role earn between $143,000.00 and $143,000.00 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.

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Loss Mitigation Manager jobs near you
Infographic showing various Loss Mitigation Manager job openings in the United States as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 87% Physical, 2% Hybrid, and 11% Remote job distribution, with an average salary of $142,017 per year, or $68.3 per hour.

Loss Mitigation Coordinator

IOU Financial

Kennesaw, GA • Hybrid

Full-time

Medical, Dental, Vision, Retirement

Posted 7 days ago

Job description

LOSS MITIGATION COORDINATOR

JOB DESCRIPTION

We're looking for a mid-stage collector responsible for contacting guarantors and business owners regarding past-due accounts and negotiating acceptable payment solutions to bring the accounts current. The Specialist is responsible for the daily tasks related to loss mitigation efforts at IOU. The Specialist will effectively communicate and support management's goals while providing high-quality customer service. This position requires the ability to professionally negotiate with a variety of different personalities to collect on debts. Collection efforts are time-sensitive, requiring excellent skills in organizing and managing time, effort, and resources.

RESPONSIBILITIES

  • Closely monitor the status of past due accounts. Provide clear and concise documentation of every action taken on an account in the system collection notes.
  • Update tracking systems accordingly.
  • Daily outbound collection calls, emails, and text messages to delinquent accounts.
  • Responsible for bringing past due and delinquent accounts back to a current status.
  • Work with customers to coordinate payment modification plans.
  • Prepare and present account status reports to management weekly.
  • Perform skip tracing to make contact with debtors.
  • Follow policy and procedures for the Loss Mitigation department

QUALIFICATIONS

  • 4+ years of experience in collections/loss mitigation.
  • Experience in collecting past due and delinquent accounts (primarily early to mid-stage defaults).
  • Must have excellent oral and written communication skills.
  • Effective analytical and problem-solving skills.
  • Ability to communicate and deliver creative solutions and reports on time.
  • Ability to work with all members of the organization.
  • Can work well independently and as part of a team.
  • Willing to take on new projects and be cross-functional within the department to assist as needed.
  • Preferred Qualifications:
    • Basic understanding of computer technology in a business environment.
    • Effective communication skills, both verbally and in writing, with superiors, colleagues, and individuals inside and outside the company.
    • Working in a fast-paced environment.
    • Experience managing various roles and tasks at a time.
    • Working knowledge of Microsoft Office products.

WHY IOU

  • Competitive base salary
  • Comprehensive health, dental, and vision benefits
  • Company-matched 401(k)
  • Support through a Professional Employer Organization (PEO), plus access to an Employee Assistance Program (EAP) for personal well-being.
  • Hybrid work schedule with a mix of remote flexibility and 2 days in the office.
  • Fun corporate culture- a team that laughs together, works hard together, and genuinely enjoys each other!
  • Why You'll Love This Role:

ABOUT IOU FINANCIAL

IOU Financial is a leading online lender that provides quick and easy access to growth capital to small businesses. IOU has become a trusted alternative to banks by originating over $1.9 billion in loans to fund small business growth since 2009. IOU was named one of the "Top Places to Work in Fintech for 2025" by American Banker and "Best Places to Work in Georgia for 2026" in Georgia Trend Magazine. For more information, please visit IOU's website at www.ioufinancial.com.

Employment Type: FULL_TIME

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