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Loss Mitigation Supervisor Jobs (NOW HIRING)

M&T Bank

Loss Mitigation Underwriter II

Getzville, NY · On-site

$22.61 - $37.67/hr

Understand investor waterfalls and required documents for loss mitigation. * Manage and monitor ... Supervisory/ Managerial Responsibilities: Not Applicable. Education and Experience Required: A ...

M&T Bank

Loss Mitigation Underwriter II

Getzville, NY · On-site

$22.61 - $37.67/hr

Understand investor waterfalls and required documents for loss mitigation. * Manage and monitor ... Supervisory/ Managerial Responsibilities: Not Applicable. Education and Experience Required: A ...

First American

$64K - $85K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

What We Do Supervises a small team within an operational function, ensuring day-to-day activities are delivered efficiently and to a high standard. Provides coaching, allocates work, and acts as the ...

First American

Loss Mitigation Closing Supervisor

Iowa, LA · On-site

$64K - $85K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

What We Do Supervises a small team within an operational function, ensuring day-to-day activities are delivered efficiently and to a high standard. Provides coaching, allocates work, and acts as the ...

First American

Loss Mitigation Closing Supervisor

Nevada, IA · On-site

$64K - $85K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

What We Do Supervises a small team within an operational function, ensuring day-to-day activities are delivered efficiently and to a high standard. Provides coaching, allocates work, and acts as the ...

Rainbow Restoration

Water Damage Supervisor

Shreveport, LA · On-site

$20 - $24/hr

**You must have WRT, FSRT, or 2 years of mitigation experience, all others will not be considered ... You'll lead a team to make a huge impact in the community by restoring properties back to pre-loss ...

LoanCare

Collections Team Lead-Remote 12PM-9PM EST

$20.43 - $34.28/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Receive/review paper Loss Mitigation Escalation forms; forward to ALD for review before forwarding to the Loss Mitigation Supervisor * Review email from departments that require follow-up, calls to ...

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Loss Mitigation Supervisor information

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$87.5K

$144.5K

How much do loss mitigation supervisor jobs pay per year?

As of Aug 17, 2026, the average yearly pay for loss mitigation supervisor 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 are the main challenges a loss mitigation supervisor faces when managing a team during high-volume delinquency periods?

A Loss Mitigation Supervisor often encounters increased workloads and heightened stress during periods of high delinquency, such as economic downturns. Managing a team under these conditions requires balancing effective communication, timely decision-making, and ensuring compliance with regulatory guidelines. Supervisors must also focus on maintaining team morale and providing adequate training to handle complex borrower situations, all while meeting performance targets. Collaborating closely with other departments, such as loan servicing and legal, becomes essential to achieve optimal outcomes for both borrowers and the organization.

What does a loss mitigation supervisor do?

A Loss Mitigation Supervisor oversees a team responsible for helping borrowers avoid foreclosure by working out alternatives such as loan modifications, repayment plans, or short sales. They ensure that all loss mitigation processes comply with regulatory guidelines and company policies. The supervisor also monitors staff performance, provides training, and acts as a liaison between borrowers, lenders, and other departments to resolve complex cases efficiently.

What is the difference between Loss Mitigation Supervisor vs Loss Prevention Manager?

AspectLoss Mitigation SupervisorLoss Prevention Manager
Required CredentialsRelevant industry certifications, experience in loan or debt managementSecurity or retail management certifications, experience in theft prevention
Work EnvironmentLoan servicing departments, financial institutionsRetail stores, security firms, corporate security departments
Employer & Industry UsageFinancial institutions, mortgage companies

The Loss Mitigation Supervisor primarily focuses on managing loan modifications and preventing defaults within financial institutions. In contrast, the Loss Prevention Manager concentrates on reducing theft and fraud in retail or corporate environments. While both roles aim to minimize financial losses, their industries, credentials, and daily tasks differ significantly.

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

To excel as a Loss Mitigation Supervisor, you need expertise in mortgage servicing, default management, and regulatory compliance, often supported by a bachelor's degree in finance or a related field. Familiarity with loan servicing platforms, delinquency management software, and knowledge of FHA, VA, and other investor guidelines is typically required. Leadership, strong analytical skills, and effective communication are crucial soft skills for managing teams and negotiating with borrowers. These competencies ensure the effective resolution of delinquent loans, minimize financial losses, and maintain regulatory adherence for the organization.
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Loss Mitigation Supervisor jobs near you
Infographic showing various Loss Mitigation Supervisor job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 76% Full Time, 19% Part Time, 1% Temporary, 2% Contract, and 1% Nights. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $142,017 per year, or $68.3 per hour.

Loss Mitigation Underwriter II

M&T Bank

Getzville, NY • On-site

$22.61 - $37.67/hr

Full-time

Re-posted 3 days ago

M&T Bank rating

7.9

Company rating: 7.9 out of 10

Based on 186 frontline employees who took The Breakroom Quiz

79th of 171 rated banks

Job description

Overview:

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options. This position will also be responsible for preparing loans for foreclosure mediation hearings, working with various investors and cross training with other areas of loss mitigation.

Primary Responsibilities:
  • Understand investor waterfalls and required documents for loss mitigation.
  • Manage and monitor account portfolio to ensure that all documentation and account decisions comply with banking policies, investor guidelines and applicable regulations.
  • Assess income and expenses, as well as property value and variance between appraised properties and offers submitted by potential buyers.
  • Serve as liaison to various investors, including, but not limited to Fannie Mae, Freddie Mac and M&T Bank to gain approval for settlements and provide each party with documentation necessary to render a decision.
  • Review workout packages, including hardship letters, tax returns, income statements, pay stubs, credit reports, sources of debt and general customer financial documents to determine the most suitable repayment option for customers.
  • Calculate loan modification terms in adherence with Investor and Insurer guidelines, M&T policies and applicable state and Federal law and regulations.
  • Communicate with Single Point of Contact, title team and Loss Mitigation Closing team to gather information and resolve escalated accounts.
  • Review, compile and analyze documents (e.g., appraisals, title, arm's length addenda, HUD 90051) to approve or deny a short sale settlement.
  • Communicate with customers, real estate agents and attorneys to negotiate short sale settlement offers and advise of loss mitigation decisions.
  • Prepare workout summaries for management approval. Maintain notes for management and audit review purposes.
  • Prepare loans for foreclosure mediation hearings.
  • Identify solutions to resolve clouded title.
  • Complete special ad hoc projects as requested by management (e.g., due diligence loan reviews)
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Complete other related duties as assigned.
Scope of Responsibilities:

Manages and monitors an account portfolio of 70 loans.

Supervisory/ Managerial Responsibilities:

Not Applicable.

Education and Experience Required:

A combined 4 years' higher education and/or experience, including a minimum of 2 years' collections or underwriting experience.

Ability to communicate effectively and professionally over the phone.

Excellent communication and customer service skills.

Proficiency with word processing and spreadsheet software.

Knowledge and understanding of land title.

Education and Experience Preferred:

Bachelor's degree.

Paralegal certification or experience.

Mortgage collections experience.

Knowledge of M&T systems.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $22.61 - $37.67 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationGetzville, New York, United States of America

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