1

Loss Mitigation Processor Jobs (NOW HIRING)

$37K - $59K/yr

As the Sr. Account Specialist develops in the role, there will be opportunities to expand expertise into Foreclosure, Bankruptcy, and Loss Mitigation processes. Must reside near the FNBO Tower in ...

Oversee entire repossession process; processing, decisions, and follow up with repo agent or member ... Implement loss mitigation options, prepare, process and send appropriate notifications. * Perform ...

Oversee entire repossession process; processing, decisions, and follow up with repo agent or member ... Implement loss mitigation options, prepare, process and send appropriate notifications. * Perform ...

... Loss Mitigation Team of Mortgage Servicing. You'll be providing servicing support as it relates to ... Maintaining working knowledge of WSECU residential real estate secured loans, processing, and ...

... process. * Impact That Matters: Your work directly influences loss mitigation outcomes, owner ... satisfaction, and the financial health of the organization. * Innovation at Scale: Use modern tools ...

... process. * Impact That Matters: Your work directly influences loss mitigation outcomes, owner ... satisfaction, and the financial health of the organization. * Innovation at Scale: Use modern tools ...

next page

Showing results 1-20

Loss Mitigation Processor information

See salary details

$28.5K

$50.9K

$94.5K

How much do loss mitigation processor jobs pay per year?

As of Jun 29, 2026, the average yearly pay for loss mitigation processor in the United States is $50,903.00, according to ZipRecruiter salary data. Most workers in this role earn between $40,000.00 and $55,000.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Loss Mitigation Processors, and how can they be managed effectively?

Loss Mitigation Processors often encounter challenging situations, such as handling high volumes of distressed loan files and navigating complex borrower circumstances. Meeting strict regulatory and lender deadlines can also be demanding. To manage these challenges effectively, strong organizational skills, attention to detail, and clear communication with borrowers and internal teams are essential. Collaborating closely with underwriters, loan officers, and legal departments helps ensure accurate documentation and timely resolution of cases.

What are Loss Mitigation Processors?

Loss Mitigation Processors are professionals who work with mortgage lenders and borrowers to help prevent foreclosure by evaluating and processing various alternatives, such as loan modifications, repayment plans, short sales, or deeds-in-lieu of foreclosure. Their main role is to review borrower applications, assess financial documents, and determine eligibility for loss mitigation programs. They also communicate with borrowers, collect necessary paperwork, and coordinate with underwriters or other departments to ensure timely resolution of delinquent loans. By helping borrowers find solutions to keep their homes or minimize losses for the lender, Loss Mitigation Processors play a crucial role in the mortgage servicing industry.

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

AspectLoss Mitigation ProcessorLoan Processor
CredentialsTypically requires high school diploma or equivalent; some roles prefer mortgage or financial certificationsHigh school diploma or equivalent; mortgage or financial certifications are common
Work EnvironmentFinancial institutions, mortgage companies, call centersMortgage lenders, banks, financial institutions
Employer & Industry UsageFocuses on preventing foreclosure and managing distressed loansFocuses on processing new loan applications and approvals

While both roles work within the mortgage and financial industry, a Loss Mitigation Processor primarily handles distressed loans to prevent foreclosure, whereas a Loan Processor manages the approval process for new loans. The skills and certifications overlap, but their core responsibilities differ significantly.

What are the key skills and qualifications needed to thrive as a Loss Mitigation Processor, and why are they important?

To thrive as a Loss Mitigation Processor, you need a solid understanding of mortgage servicing, loan documentation, and regulatory guidelines, typically supported by experience in banking or finance. Proficiency with loan servicing software, Microsoft Office Suite, and knowledge of federal and investor loss mitigation programs is essential. Strong analytical skills, attention to detail, and effective communication are crucial soft skills for evaluating borrower situations and collaborating with various stakeholders. These skills ensure accurate processing, regulatory compliance, and successful outcomes for both borrowers and lenders.
More about Loss Mitigation Processor jobs
Infographic showing various Loss Mitigation Processor job openings in the United States as of June 2026, with employment types broken down into 78% Full Time, 11% Part Time, and 11% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $50,903 per year, or $24.5 per hour.
Loss Mitigation and Foreclosure Specialist

Loss Mitigation and Foreclosure Specialist

First National Bank of Omaha

On-site, Remote

$37K - $59K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 25 days ago


Key responsibilities

  • Make outbound and receive inbound calls to customers to discuss and resolve account delinquency.

  • Negotiate payment options and provide program recommendations to facilitate timely repayment of past due accounts.

  • Initiate and complete foreclosure actions per investor guidelines, including monthly review of loans in foreclosure and completion of foreclosure checklists.


Job description

At FNBO, our employees are the heart of our story-and we're committed to their success! Please see below the details of this career opportunity and how it fits into our organization's success.
Summary of the Job:
The Loss Mitigation and Foreclosure Specialist is accountable to make complex outbound calls to customers who have become delinquent. Sr. Account Specialists are expected to have effective conversations with our customers to uncover the reason for delinquency and provide appropriate solutions to cure the delinquency while remaining in control of the call and providing a superior customer experience. As the Sr. Account Specialist develops in the role, there will be opportunities to expand expertise into Foreclosure, Bankruptcy, and Loss Mitigation processes.
Must reside near the FNBO Tower in Omaha, NE (1601 Dodge Street)
- This position is in the office once per week and then twice per week every 4th week for handling of anything that needs printed as well as mail.
About This Role:
- Make outbound calls to customers. Negotiate customer payment options to cure complex delinquency. Receive and handle inbound customer calls.
- Provide program options, recommendations and issue resolution service resulting in the timely repayment of past due accounts. Loans are reviewed, per investor guidelines and timeframes for loss mitigation resolution.
- Foreclosures are initiated and completed per investor guidelines. Loans in foreclosure are reviewed monthly to ensure attorneys are performing as required. Foreclosure checklists are completed and accurately to ensure all required actions are completed
- Reporting is completed by specified time frame. Reporting includes delinquency reporting to Fannie Mae, Freddie Mac, Veterans Administration, FHA, etc. Maintain acceptable levels of quality control experience.
- Maintain Knowledge of HUD, FNMA and other investor requirements and implement transactions in accordance with these requirements.
The Ideal Candidate for This Role:
• Bachelor's degree preferred
• Industry relevant operations/production experience (Collections, Mortgage Loss Mitigation, Mortgage Foreclosures, etc.)
• Demonstrated knowledge of banking, applicable regulations and compliance issues
• Demonstrated ability to manage and coordinate multiple tasks and functions
• Superior verbal and written communication skills
• Excellent PC skills.
• Independent worker, self-starter
• Ability to multi-task and prioritize production and meet multiple overlapping deadlines
Candidates must possess unrestricted work authorization and not require future sponsorship.
Compensation:
Compensation range (base pay): $37,454.00-$59,927.00
This role may have a specific starting pay within this range.
Final compensation offer to candidate may vary from posted hiring range based upon work experience, education, and/or skill level.
Work Environment:
It is anticipated that the incumbent in this role will work in a hybrid capacity, balancing in-person collaboration three (3) days a week with remote flexibility two (2) days a week. As part of our team, you'll experience the energy and relationship-building of face-to-face collaboration while still enjoying the flexibility of remote workdays. We provide the tools and technology to ensure seamless transitions between work environments, supporting your productivity wherever you are. Please note that work location is subject to change based on business needs.
Benefits Overview:
We offer a variety of benefits designed to keep you and your family physically and financially healthy. Not only do we offer a competitive salary and work-life balance, we offer benefits to match your needs:
  • Medical, Dental, Vision Insurance
  • 401k, With Matching Contributions
  • Time Off Programs
  • Health Savings Account (HSA)/Dependent Care
  • Employee Banking
  • Growth Opportunities
  • Tuition Assistance
  • Short-Term/Long-Term Disability Insurance

Learn more about FNBO benefits here: https://www.fnbo.com/careers/benefits/.
For additional information regarding compensation and benefits, e-mail FNBO at TAGAdmin@fnni.com. To ensure you receive a response, include the number of this job (listed below) in the subject line of your message.
Job number: R-20260254
Equal Opportunity & Belonging:
FNBO believes that the quality of our employee experience is at the heart of our customer experience. One key pillar of our intended employee experience is Belonging. Belonging means we are committed to fostering a workplace culture where employees of all backgrounds feel valued, recognized, and empowered to be their authentic selves-no matter their role or where they are in their journey.
Learn more here.
FNBO is an equal opportunity employer for all employees and applicants and makes employment decisions without regard to status or identity.
Click here to download 'EEO is The Law' Self-Print Poster
Click here to download 'EEO is The Law' Supplement for Federal Contractors
Click here to download 'EEO is The Law' GINA Supplement
FNBO is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer - Member FDIC
FNBO follows federal law regarding the use of marijuana (this applies to all non-California applicants)
Application Deadline:
All our jobs will be posted for a minimum of 5 calendar days. Job postings may come down prior to 5 calendar days based on volume of applicants.