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

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 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 ...

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 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 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 ...

First American

$26.88 - $35.82/hr

... Loss Mitigation Underwriting experience strongly preferred Disclaimer The above statements are intended to describe the general nature and level of work being performed by people assigned to this ...

M&T Bank

Loss Mitigation Underwiter III

Getzville, NY · On-site

$26 - $43.34/hr

Understand investor waterfalls and required documents for loss mitigation. * Manage and monitor ... Verify the accuracy of letters to be sent to customers from the Underwriting team. * QC ...

M&T Bank

Loss Mitigation Underwiter III

Getzville, NY · On-site

$26 - $43.34/hr

Understand investor waterfalls and required documents for loss mitigation. * Manage and monitor ... Verify the accuracy of letters to be sent to customers from the Underwriting team. * QC ...

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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 12, 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 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 insurance underwriting. Strong analytical skills, knowledge of loan modification processes, and familiarity with underwriting software are important, and obtaining relevant certifications can enhance job prospects.

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.

Is underwriting a high stress job?

Loss mitigation underwriters often work in a high-pressure environment due to the need to assess risk accurately and meet strict deadlines. The role requires attention to detail, strong decision-making skills, and the ability to handle complex financial information, which can contribute to job stress levels.
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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 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Loss Mitigation Underwriter II

M&T Bank

Getzville, NY • On-site

$22.61 - $37.67/hr

Full-time

Posted 28 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

80th 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.
Location
Getzville, New York, United States of America

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