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Loss Mitigation Underwriter Jobs (NOW HIRING)

Selene Holdings

Loss Mitigation Underwriter

Dallas, TX · On-site

The Loss Mitigation Underwriter is a key contributor in the loan resolution process, responsible for evaluating complex borrower workout options-including repayment plans, loan modifications, short ...

Selene Holdings

Loss Mitigation Underwriter

Dallas, TX · On-site

$115K/yr

The Loss Mitigation Underwriter is a key contributor in the loan resolution process, responsible for evaluating complex borrower workout options-including repayment plans, loan modifications, short ...

Selene Holdings

Loss Mitigation Underwriter

Jacksonville, FL · On-site

$107K/yr

The Loss Mitigation Underwriter is a key contributor in the loan resolution process, responsible for evaluating complex borrower workout options-including repayment plans, loan modifications, short ...

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 ... years' collections or underwriting experience. Ability to communicate effectively and ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

Understand investor's waterfall and required documents for loss mitigation. * Communicate with ... 1 year collections or underwriting experience. Ability to communicate effectively and ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

Understand investor's waterfall and required documents for loss mitigation. * Communicate with ... 1 year collections or underwriting experience. Ability to communicate effectively and ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

Understand investor's waterfall and required documents for loss mitigation. * Communicate with ... 1 year collections or underwriting experience. Ability to communicate effectively and ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

Understand investor's waterfall and required documents for loss mitigation. * Communicate with ... 1 year collections or underwriting experience. Ability to communicate effectively and ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

Understand investor's waterfall and required documents for loss mitigation. * Communicate with ... 1 year collections or underwriting experience. Ability to communicate effectively and ...

Guild

Lead, Loss Mitigation

$24.23 - $33.39/hr

The Loss Mitigation Lead conducts timely, accurate, and compliant reviews of files by investor ... Underwrite plan modifications and reconcile and settle accounts. * Draft closing agreements and ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

Understand investor's waterfall and required documents for loss mitigation. * Communicate with ... 1 year collections or underwriting experience. Ability to communicate effectively and ...

M&T Bank

Loss Mitigation Underwriter I

Getzville, NY · On-site

$20.55 - $34.25/hr

Understand investor's waterfall and required documents for loss mitigation. * Communicate with ... 1 year collections or underwriting experience. Ability to communicate effectively and ...

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Loss Mitigation Underwriter information

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$32.5K

$78.9K

$139.5K

How much do loss mitigation underwriter jobs pay per year?

As of Aug 29, 2026, the average yearly pay for loss mitigation underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What is a loss mitigation underwriter?

A Loss Mitigation Underwriter is responsible for assessing borrowers' financial situations to determine viable solutions for delinquent or at-risk loans. They analyze financial documents, property values, and hardship circumstances to recommend modifications, repayment plans, short sales, or other loss mitigation strategies. Their goal is to minimize financial risk for lenders while helping borrowers avoid foreclosure. Strong analytical skills, knowledge of mortgage regulations, and experience in underwriting or risk assessment are crucial for success in this role.

What are the typical daily responsibilities of a loss mitigation underwriter?

As a Loss Mitigation Underwriter, your daily tasks usually involve reviewing borrowers’ financial information, evaluating loan documents, and assessing eligibility for workout options such as loan modifications, short sales, or repayment plans. You will analyze risk, document findings, and prepare recommendations to help prevent foreclosures. Coordinating with loan officers, customer service teams, and sometimes directly with borrowers is a key part of the job, ensuring clear communication throughout the process. The role requires balancing efficient decision-making with thorough documentation to meet regulatory and company standards.

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

To thrive as a Loss Mitigation Underwriter, you need a strong understanding of mortgage underwriting, risk assessment, and familiarity with foreclosure prevention strategies, often supported by experience in financial services or lending. Proficiency with loan origination systems, underwriting software, and knowledge of relevant regulations such as FHA, VA, and Fannie Mae guidelines is typically required. Strong analytical skills, attention to detail, and effective communication help you collaborate with borrowers and internal teams to develop successful solutions. These skills ensure accurate risk evaluations and help minimize financial losses for both lenders and borrowers.

How to become a loss mitigation underwriter?

To become a loss mitigation underwriter, candidates typically need a bachelor's degree in finance, business, or a related field, along with experience in mortgage or loan underwriting. Developing skills in risk assessment, financial analysis, and familiarity with loan modification processes is essential, and professional certifications such as the Certified Mortgage Underwriter (CMU) can enhance prospects.

What does a loss mitigation underwriter do?

A loss mitigation underwriter evaluates loan applications and existing accounts to determine the risk of default and develop strategies to reduce potential losses. They review financial documents, assess borrower eligibility, and may recommend loan modifications or repayment plans to help borrowers avoid foreclosure or default. Strong analytical skills and knowledge of lending guidelines are essential for this role.
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Loss Mitigation Underwriter jobs near you
Infographic showing various Loss Mitigation Underwriter job openings in the United States as of August 2026, with employment types broken down into 76% Full Time, 22% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Loss Mitigation Underwriter, II

Orange, CA • On-site

Carrington Holding Company, LLC
Finance and Insurance • 1 - 5K employees
Learn more about Carrington Holding Company, LLCexternal

$26 - $30/hr

Full-time

Medical, Retirement

This job post has expired 3 days ago. Applications are no longer accepted.

Job description


Come join our amazing team and work remote from home!
The Loss Mitigation Underwriter II will be responsible for underwriting loss mitigation applications in accordance with Treasury, Company and Investor guidelines while following company's policies and procedures under general supervision. Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements. Perform all duties in accordance with the company's policies and procedures, all US state and federal laws and regulations, wherein the company operates. The Loss Mitigation Underwriter II level is the Intermediate level role in the job family and generally handles the moderately complex underwriting files while gaining additional knowledge and experience on the more complex files. The target pay range for this position is $26.00-$30.00 per hour.
What you'll do:
  • Perform a thorough analysis to ensure the quality of each loan and to determine compliance with Treasury, Company and Investor guidelines.
  • Conduct Verification of Income (VOI).
  • Calculate customer's front and back-end debt to income ratio.
  • Verify occupancy, hardship and income.
  • Apply payment waterfall to determine workout eligibility (repurchase plans, forbearances, modifications or liquidation options).
  • If applicable, identify the type(s) and amounts of liquid assets the borrower holds.
  • Determine and communicate needed conditions to properly document the file (reason for default letter, updated pay stubs, bankruptcy papers, etc.).
  • Complete system tasks as required to maintain compliance with Treasury, Company and Investor guidelines.
  • Document final decision and update system of record.
  • Perform other duties as assigned.

What you'll need:
  • High school diploma or equivalent required.
  • Two (2) to three (3) years of underwriting/loss mitigation experience

Our Company:
Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you'll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com.
What We Offer:
  • Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
  • Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
  • Customized training programs to help you advance your career.
  • Employee referral bonuses so you'll get paid to help Carrington and Vylla grow.
  • Educational Reimbursement.
  • Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

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