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Mortgage Default Jobs (NOW HIRING)

Mountain West Financial, LLC

Default Supervisor

Sandy, UT · On-site

$28.25 - $36/hr

Summary The Mortgage Servicing Default Supervisor is responsible for overseeing the day-to-day operations of the default servicing department, including delinquency management, loss mitigation ...

Marinosci Law Group, PC

Receptionist/Legal Assistant

Warwick, RI · On-site

$18 - $22/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Have a general working knowledge of the mortgage default industry * Bilingual (Spanish) is a plus Marinosci Law Group, P.C. offers full medical benefits, 401K, and vacation/sick benefits. Marinosci ...

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Mortgage Default information

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$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 Early Default Counselor

Lake Michigan Credit Union

Grand Rapids, MI • On-site

Full-time

Medical, Dental, Vision, Retirement

Re-posted 13 days ago

Lake Michigan Credit Union rating

8.0

Company rating: 8.0 out of 10

Based on 28 frontline employees who took The Breakroom Quiz

Job description

Primary Location: 5519 Glenwood Hills Pkwy, Grand Rapids, MI 49512
Employee Status: Full-Time
Workplace Type: Fully On-Site
Who we are:
At LMCU, you'll find more than just a job - discover a fulfilling career where your contributions truly matter.
Join our talented team at Lake Michigan Credit Union and discover the difference an employer that puts people first can make in your career and life.
About this position:
LMCU is looking for a Mortgage Early Default Counselor to preserve the Credit Union's assets by controlling delinquent mortgages, collecting mortgage loan payments, and/or mitigating Credit Union Losses.
What you'll do:
  • Educate members of the benefits of fulfilling their mortgage payment obligations
  • Contact delinquent members via telephone and written correspondence in an attempt to resolve the delinquent loan issue.
  • Process routine transactions, document loan comments, and respond to members, investors, or other 3rd party inquiries.
  • Research and prepare documentation, handle mortgage accounts in accordance with established guidelines and policies to determine the appropriate course of action.
  • Maintain compliance to LMCU, Fannie Mae, Freddie Mac, Ginnie Mae, VA, and RD established collections policies and procedures.

What you'll bring:
  • 1-3 years of relevant experience in similar or related roles, including any preparatory experience that has prepared you for this position
  • Valid driver's license and ability to drive as required for the role
  • Strong interpersonal and communication skills with the ability to build trust and credibility while handling sensitive and confidential matters with diplomacy
  • Proven ability to engage effectively with customers, team members, and external vendors through in-depth dialogues, conversations, and explanations
  • Experience motivating, influencing, and advising others on significant matters, with the skill to educate and guide stakeholders at various levels

What you'll get:
  • All Employees: weekly pay and retirement savings options.
  • Full Time Employees: comprehensive health coverage including medical (with prescription), dental, vision, HSA match, paid parental leave, and tuition reimbursement.
  • To see a full list of our benefit offerings, check out this helpful guide!

Have additional questions about the role? Email the Talent Acquisition Team at: Careers@lmcu.org
If you lack access to the internet or require an accommodation in the application process, please send your resume via mail to 5664 Prairie Creek Drive, Caledonia, MI 49316.
LMCU is an Equal Opportunity Employer

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