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Mortgage Default Jobs (NOW HIRING)

Agility 360

VP of Mortgage Default

Irving, TX · On-site

Job Openings >> VP of Mortgage Default VP of Mortgage Default Summary Title: VP of Mortgage Default ID: 1866 Location: Irving, Texas Description VP of Mortgage Default Agility 360 is seeking a "hands ...

Agility 360

VP of Mortgage Default

Irving, TX · On-site

VP of Mortgage Default Agility 360 is seeking a "hands-on" leader responsible for default operations, with direct focus on Agency and Government Foreclosure, including Foreclosure Post-Sale, Mortgage ...

Agility360

VP of Mortgage Default

Irving, TX · On-site

$170 - $260/hr

VP of Mortgage Default Agility 360 is seeking a "hands‑on" leader responsible for default operations, with direct focus on Agency and Government Foreclosure, including Foreclosure Post‑Sale ...

Waukesha State Bank

Default Specialist

Waukesha, WI · On-site

$23 - $26/hr

Join our Loan Servicing Team as a Default Specialist and play an important role in helping Waukesha State Bank's mortgage customers navigate challenging financial circumstances. In this position, you ...

Waukesha State Bank

Default Specialist

Waukesha, WI

Join our Loan Servicing Team as a Default Specialist and play an important role in helping Waukesha State Bank's mortgage customers navigate challenging financial circumstances. In this position, you ...

Waukesha State Bank

Default Specialist

Waukesha, WI · On-site

$23 - $26/hr

Join our Loan Servicing Team as a Default Specialist and play an important role in helping Waukesha State Bank's mortgage customers navigate challenging financial circumstances. In this position, you ...

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Mortgage Default information

See salary details

$9

$28

$60

How much do mortgage default jobs pay per hour?

As of Aug 20, 2026, the average hourly pay for mortgage default in the United States is $28.95, according to ZipRecruiter salary data. Most workers in this role earn between $14.90 and $42.79 per hour, depending on experience, location, and employer.

What is a mortgage default?

A mortgage default occurs when a borrower fails to meet the repayment terms of their home loan, typically by missing several consecutive monthly payments. This can lead to serious consequences, such as foreclosure, where the lender may take ownership of the property to recover the unpaid loan balance. Defaulting on a mortgage can severely impact your credit score and make it difficult to secure future loans. If you are struggling to make payments, it's important to contact your lender as soon as possible to discuss options like loan modification or forbearance.

What are the key skills and qualifications needed to thrive in a mortgage default specialist role?

To thrive as a Mortgage Default Specialist, you need a solid understanding of mortgage servicing, default management, and relevant financial regulations, often supported by experience in banking or finance. Familiarity with loan servicing platforms, mortgage default software, and regulatory compliance systems like FDCPA and CFPB regulations is typically required. Strong negotiation, problem-solving, and communication skills help in managing delinquent accounts and working with borrowers to find solutions. These skills are essential to effectively mitigate losses, maintain regulatory compliance, and support both organizational and customer interests during the default process.

What are some common challenges faced by professionals working in mortgage default servicing, and how can they be managed?

Professionals in mortgage default servicing often face challenges such as managing high volumes of delinquent accounts, navigating complex regulations, and handling sensitive communications with borrowers facing financial hardship. Staying organized, leveraging technology to track accounts, and keeping up-to-date with regulatory changes are key strategies for success. Additionally, strong communication and empathy are essential for effectively assisting borrowers while ensuring compliance and mitigating risk for the lender.

What is the difference between Mortgage Default vs Mortgage Underwriter?

AspectMortgage DefaultMortgage Underwriter
Required CredentialsTypically requires knowledge of loan policies, credit analysis, and sometimes a background in finance or bankingRequires mortgage licensing, underwriting certifications, and knowledge of loan criteria
Work EnvironmentOften involves monitoring loan portfolios, communicating with borrowers, and assessing riskPrimarily office-based, reviewing loan applications, and evaluating borrower documentation
Employer & Industry UsageUsed by lenders, banks, and mortgage servicing companies to manage defaulted loansUsed by lenders and banks to approve or deny mortgage applications

Mortgage Default involves managing and addressing loans that are in default, focusing on collections and loss mitigation. Mortgage Underwriter assesses loan applications to determine approval, focusing on risk analysis before loan issuance. While both roles are integral to mortgage lending, they operate at different stages of the loan lifecycle and require distinct skill sets.

More about Mortgage Default jobs

What states have the most Mortgage Default jobs?

States with the most job openings for Mortgage Default jobs include:

What job categories do people searching Mortgage Default jobs look for?

The top searched job categories for Mortgage Default jobs are:

Mortgage Default jobs near you
Infographic showing various Mortgage Default job openings in the United States as of August 2026, with employment types broken down into 93% Full Time, 5% Part Time, and 2% Contract. Highlights an 77% Physical, 4% Hybrid, and 19% Remote job distribution, with an average salary of $60,206 per year, or $28.9 per hour.

Mortgage Default Oversight Manager

Artius Solutions

Chicago, IL • On-site

$100K - $180K/yr

Full-time

Re-posted 10 days ago

Job description

Mortgage Default Oversight Manager

Location: Chicago, IL (Hybrid)
Employment Type: Full-Time

Overview

A financial services organization, is seeking a Mortgage Default Oversight Manager to oversee default management and loss mitigation governance across a portfolio of mortgage assets.

This role is responsible for monitoring mortgage delinquency performance, establishing default servicing standards, and coordinating with servicing partners, vendors, and investors to ensure consistent and compliant servicing outcomes. The position provides portfolio-level oversight of loss mitigation strategies, foreclosure activity, and claims management while supporting risk management and operational improvements.

The ideal candidate has deep experience in mortgage servicing and default operations, along with strong analytical, governance, and stakeholder management capabilities.

Key ResponsibilitiesDefault Oversight & Portfolio Governance

  • Oversee the full mortgage delinquency lifecycle including early-stage delinquency, loss mitigation, foreclosure, REO, and final resolution.

  • Establish and maintain default servicing standards and escalation procedures.

  • Monitor servicing partner performance and ensure adherence to program requirements and servicing guidelines.

  • Provide portfolio-level oversight to ensure consistent outcomes, regulatory compliance, and operational effectiveness.

Loss Mitigation Strategy

  • Develop and maintain loss mitigation frameworks, including modification strategies, repayment options, and eligibility guidelines.

  • Implement standardized decision frameworks and escalation paths for loss mitigation activities.

  • Evaluate portfolio performance metrics including cure rates, redefault trends, and loss severity.

Claims Governance

  • Oversee processes related to default-related claims submitted to investors or counterparties.

  • Establish documentation standards and internal controls for claims management.

  • Investigate claim exceptions and coordinate issue resolution across servicing partners and vendors.

Late-Stage Default Management

  • Monitor foreclosure timelines and servicing performance.

  • Oversee real estate owned (REO) processes and property disposition readiness.

  • Ensure default servicing activities align with investor requirements and servicing standards.

Leadership & Stakeholder Coordination

  • Lead and mentor team members responsible for portfolio oversight and default governance.

  • Serve as a key liaison with servicing partners, vendors, and internal stakeholders.

  • Coordinate with analytics, risk, and operations teams to improve portfolio oversight and decision-making.

Risk Management & Process Improvement

  • Identify emerging risks within the mortgage servicing portfolio.

  • Use data analysis to identify performance gaps and improvement opportunities.

  • Support audits, internal reviews, and regulatory examinations related to servicing and default governance.

  • Recommend process improvements and operational enhancements to improve scalability and efficiency.

QualificationsEducation

  • Bachelor’s degree in Business, Finance, Accounting, Real Estate, or a related field, or equivalent experience

Experience

  • 7+ years of mortgage servicing experience, including exposure to:

    • Default operations

    • Loss mitigation programs

    • Foreclosure and REO processes

    • Claims management

  • 1–3 years of leadership experience overseeing teams or major operational processes

Mortgage & Servicing Knowledge

  • Strong understanding of mortgage servicing practices and default lifecycle management

  • Experience designing or governing loss mitigation strategies and decision frameworks

  • Familiarity with investor servicing guidelines and mortgage servicing standards

Skills & Capabilities

  • Strong analytical and risk assessment capabilities

  • Experience evaluating portfolio performance and servicing trends

  • Ability to translate regulatory and servicing requirements into scalable operational frameworks

  • Strong stakeholder management and communication skills

  • Ability to manage performance through oversight and governance rather than direct execution

Additional Skills

  • Strong organizational and problem-solving abilities

  • Ability to manage multiple initiatives simultaneously

  • Experience supporting audit and compliance processes is beneficial

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