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Loss Mitigation Jobs in Arizona (NOW HIRING)

Primary Function Supervises a team of Loss Mitigation Specialists to minimize losses on delinquent mortgages by working according to investor guidelines. Principal Duties * Provide guidance and ...

Primary Function Supervises a team of Loss Mitigation Specialists to minimize losses on delinquent mortgages by working according to investor guidelines. Principal Duties * Provide guidance and ...

Primary Function Supervises a team of Loss Mitigation Specialists to minimize losses on delinquent mortgages by working according to investor guidelines. Principal Duties * Provide guidance and ...

Consumer Collections Representative - Loss Mitigation | Mortgage Services Location: Tempe, AZ (100% On-Site | Near Rio Salado Pkwy & Loop 101) Pay: $22/hour Job Type: Full-Time | Temp-to-Hire ...

Fully versed and compliant with all the state and federal regulatory collection and loss mitigation requirements. Represents the company in a professional and enthusiastic manner by providing an ...

Fully versed and compliant with all the state and federal regulatory collection and loss mitigation requirements. Represents the company in a professional and enthusiastic manner by providing an ...

Capital Mitigation Specialists play an integral part in the capital defense team's work by providing expert guidance in the areas of mental health, cognitive impairments, developmental disability ...

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Loss Mitigation information

See Arizona salary details

$15

$22

$30

How much do loss mitigation jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for loss mitigation in Arizona is $22.14, according to ZipRecruiter salary data. Most workers in this role earn between $17.69 and $25.53 per hour, depending on experience, location, and employer.

What is loss mitigation?

Loss mitigation refers to the process used by lenders to help borrowers avoid foreclosure by finding solutions to make mortgage payments more manageable. This can include options such as loan modification, repayment plans, forbearance, or short sales. The goal of loss mitigation is to minimize financial losses for both the lender and the borrower while keeping the homeowner in their property whenever possible. Lenders typically have dedicated loss mitigation departments that work directly with borrowers to assess their financial situation and recommend suitable options.

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

To thrive as a Loss Mitigation Specialist, you need a solid understanding of mortgage servicing, foreclosure prevention, and relevant financial regulations, usually supported by experience in banking or real estate. Familiarity with loan servicing platforms, mortgage modification software, and regulatory compliance systems is typically required. Strong negotiation, problem-solving, and customer service skills enable effective communication with borrowers and stakeholders. These competencies are vital for minimizing financial losses, ensuring compliance, and helping clients retain their homes.

What are some common challenges faced by professionals in loss mitigation, and how can they be effectively managed?

Professionals in Loss Mitigation often encounter challenges such as negotiating with distressed borrowers, navigating complex regulatory requirements, and managing high caseloads while maintaining empathy and compliance. Developing strong communication skills and staying updated on changing mortgage guidelines are essential for success. Building collaborative relationships with underwriters, legal teams, and customer service representatives also helps address issues efficiently and ensures the best possible outcomes for both the borrower and the lender.

What is the difference between Loss Mitigation vs Loan Processor?

AspectLoss MitigationLoan Processor
CredentialsTypically requires knowledge of mortgage laws, negotiation skills, and sometimes certifications like NMLSRequires understanding of loan documentation, credit analysis, and often NMLS licensing
Work EnvironmentOften involves direct communication with borrowers, negotiations, and analyzing financial situationsPrimarily reviews and processes loan applications, verifying documents and data
Employer & Industry UsageUsed by mortgage lenders, banks, and servicing companies to help borrowers avoid foreclosureUsed by lenders, banks, and mortgage companies to process loan applications efficiently

While both roles involve mortgage industry knowledge and some overlapping skills, Loss Mitigation focuses on helping borrowers avoid foreclosure through negotiations and financial solutions. Loan Processors primarily handle the administrative side of loan approval, verifying documents and data to facilitate loan issuance.

What does a loss mitigation specialist do?

A loss mitigation specialist works with borrowers and lenders to develop solutions that prevent foreclosure or reduce financial losses. They analyze financial situations, negotiate repayment plans, and may use tools like loan modifications or forbearance agreements to help borrowers stay in their homes or manage debt. Strong communication skills and knowledge of loan products are essential for this role.

What are the most commonly searched types of Loss Mitigation jobs in Arizona?

The most popular types of Loss Mitigation jobs in Arizona are:

What are popular job titles related to Loss Mitigation jobs in Arizona?

For Loss Mitigation jobs in Arizona, the most frequently searched job titles are:

What job categories do people searching Loss Mitigation jobs in Arizona look for?

The top searched job categories for Loss Mitigation jobs in Arizona are:

What cities in Arizona are hiring for Loss Mitigation jobs?

Cities in Arizona with the most Loss Mitigation job openings:

Infographic showing various Loss Mitigation job openings in Arizona as of August 2026, with employment types broken down into 77% Full Time, 21% Part Time, 1% Temporary, and 1% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $46,056 per year, or $22.1 per hour.

Supervisor - Loss Mitigation

Newrez

Houston, TX • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 16 days ago


Newrez rating

6.3

Company rating: 6.3 out of 10

Based on 28 frontline employees who took The Breakroom Quiz


Job description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We're a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that's why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

Primary Function

Supervises a team of Loss Mitigation Specialists to minimize losses on delinquent mortgages by working according to investor guidelines.

Principal Duties

  • Provide guidance and leadership for management and staff. Lead and mentor staff to develop and reinforce skills, improve processes and procedures, and increase overall effectiveness.
  • Supervises the analysis of financial statements, tax returns, credit reports, valuation reports, and title reports to approve the appropriate resolution for the customer.
  • Tracks, monitors, and measures employee performance according to department standards. Provides feedback monthly.
  • Oversees and facilitates the training of new employees.
  • Maintains training and support materials for the Loss Mitigation Specialist job.
  • Maintain process and procedure documentation for the Loss Mitigation team, create process and procedure documentation where it does not currently exist.
  • Ensure that the appropriate entity (yourself, a client, or mortgage insurance company) has reviewed and approval a Loss Mitigation Workout.
  • Oversees the day-to-day tasks and performance of the Loss Mitigation Specialists.
  • Assists in the control of company expenses through intelligent use of funds to resolve accounts and managing staffing and miscellaneous costs.
  • Arranges for contractual services relating to property inspections, appraisers, real estate agents, etc., who may be involved in the inspection or evaluation of the collateral.
  • Schedules and monitors of all employee time records.
  • Ensures compliance with company policies and procedures.
  • Undertakes special projects related to departmental activities.
  • Performs related duties as assigned by management.

Education and Experience Requirements

  • High school diploma or equivalent, required.
  • Bachelor's degree, preferred.
  • 6+ years' Loss Mitigation experience.
  • 2-4 years supervisory experience.

Knowledge, Skill, and Ability Requirements

  • Proficient in Microsoft Word and Excel.
  • Excellence in consulting and advising customers via telephone and written communication.
  • A basic understanding of Collections. Foreclosure, Bankruptcy and REO is required.
  • Experience analyzing financial statements, tax returns, credit reports, home appraisals, title searches and other documents to evaluate pre-foreclosure remedies.
  • Demonstrated strong skill set for organization and attention to detail.
  • Strong negotiating and follow-up skills, as well as the ability to meet strict deadlines.
  • Self-Motivated. Ability to work independently with minimal supervision.
  • Strong analytical, problem solving and mathematical skills to be used to improve team performance.
  • Ability to work overtime as needed.
  • Understanding of mortgage lending and servicing.

Additional Information:

While this description is intended to be an accurate reflection of the position's requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We're a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits:

We offer benefits, programs, and perks that support you in every aspect of your life.

  • Medical, dental, and vision insurance

  • Health Savings Account with employer contribution

  • 401(k) Retirement plan with employer match

  • Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave

  • Adoption Assistance

  • Tuition & Certification reimbursement

  • Employee Mortgage Loan Program

  • The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW:

Through Newrez NOW, our Corporate Social Responsibility program, you'll have opportunities to give back, lead, and make a difference.

  • 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)

  • Matching Gifts Program - dollar-for-dollar up to $1,000

  • Access to grants, nonprofit resources, and volunteer opportunities

  • More than $6,000,000 donated since 2020

  • 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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