ZipRecruiter

Log In

1

Mortgage Loan Modification Jobs (NOW HIRING)

Pennymac

Modification Processor

Moorpark, CA · On-site

$39K - $55K/yr

S. mortgage loans and the management of investments related to the U.S. mortgage market. At ... Ship various modification documents via FedEx or regular mail * Receive, log, and verifying ...

My Mortgage, Inc

Mortgage Loan Originator

OR · On-site +1

At My Mortgage, Inc., we are growing. Here at MMI we pride ourselves in our culture, process, and ... modification of requested loan. * Approves or, when outside pre-approved lending limits, refers ...

next page

Showing results 1-20

All JobsMortgage Loan Modification Jobs

Mortgage Loan Modification information

See salary details

$28.5K

$50.9K

$94.5K

How much do mortgage loan modification jobs pay per year?

As of Jul 27, 2026, the average yearly pay for mortgage loan modification in the United States is $50,903.00, according to ZipRecruiter salary data. Most workers in this role earn between $40,000.00 and $55,000.00 per year, depending on experience, location, and employer.

What is a Mortgage Loan Modification job?

A Mortgage Loan Modification job involves assisting homeowners in adjusting the terms of their existing mortgage to make payments more manageable. This can include lowering interest rates, extending the loan term, or changing the loan structure to avoid foreclosure. Professionals in this role work with borrowers, lenders, and financial institutions to negotiate favorable terms and ensure compliance with lender guidelines and regulations.

Will MLO be replaced by AI?

Mortgage Loan Officers (MLOs) perform tasks that require human judgment, communication, and understanding of complex financial situations, which are difficult for AI to fully replicate. While AI tools can assist with data analysis and streamline processes, MLOs' interpersonal skills and expertise remain essential in guiding clients through loan modifications and approvals.

What are the key skills and qualifications needed to thrive in the Mortgage Loan Modification position, and why are they important?

To thrive in Mortgage Loan Modification, you need a strong understanding of mortgage products, lending regulations, and financial analysis, typically supported by experience in banking or mortgage services. Familiarity with loan servicing software, document management systems, and compliance tracking tools is frequently required. Strong organizational skills, empathy, and the ability to effectively negotiate and communicate with borrowers are essential soft skills. These abilities are crucial for ensuring successful restructuring of loans, maintaining regulatory compliance, and providing positive outcomes for both clients and lenders.

How does a loan modification work on a mortgage?

A mortgage loan modification involves a lender changing the original terms of a borrower's loan to make payments more affordable, often by reducing interest rates, extending the loan term, or changing the repayment structure. The borrower must typically submit a hardship application and provide financial documentation for review. This process helps prevent foreclosure and can improve the borrower's financial stability.

What are the typical daily responsibilities of someone working in Mortgage Loan Modification?

Professionals in Mortgage Loan Modification typically review borrower financial documents, evaluate eligibility for modification programs, and communicate with clients and internal stakeholders to gather and verify information. They prepare modification proposals, submit paperwork for approval, and ensure all transactions comply with current lending regulations and company policies. Collaboration with underwriters, legal teams, and customer service representatives is common, as is managing a portfolio of active modification cases. The role requires balancing detailed, paperwork-driven tasks with frequent, empathetic client interactions to help homeowners find feasible solutions.

Do MLOs make good money?

Mortgage Loan Officers (MLOs) can earn a variable income that includes a base salary plus commissions based on the number and size of loans they close. Their earnings often depend on experience, location, and sales performance, with some earning a substantial income while others earn less. Many MLOs work in a commission-based environment and may need licensing and sales skills to succeed.

How much does a loan officer make on a $500,000 loan?

A mortgage loan officer typically earns a commission based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 on a $500,000 loan. Their income can also include base salary and bonuses, depending on the employer and experience. Compensation varies by region, lender, and individual performance.
More about Mortgage Loan Modification jobs
What cities are hiring for Mortgage Loan Modification jobs? Cities with the most Mortgage Loan Modification job openings:
What are the most commonly searched types of Mortgage Loan Modification jobs? The most popular types of Mortgage Loan Modification jobs are:
What states have the most Mortgage Loan Modification jobs? States with the most job openings for Mortgage Loan Modification jobs include:
What job categories do people searching Mortgage Loan Modification jobs look for? The top searched job categories for Mortgage Loan Modification jobs are:
Mortgage Loan Modification jobs near you
Infographic showing various Mortgage Loan Modification job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 88% Full Time, 7% Part Time, and 4% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $50,903 per year, or $24.5 per hour.
Mortgage Loan Modification Specialist

Mortgage Loan Modification Specialist

Idaho Housing and Finance Association

Boise, ID • On-site

Full-time

Posted 16 days ago

Job description

Description:

WE ARE HIRING!

We are seeking a organized and proactive Loan Modification Specialist to join our team. As a Loan Modification Specialist, you will be responsible for preparing, processing, and executing mortgage loan modifications, partial claims, and deferments in accordance with investor, agency, and state-specific guidelines. This role will help facilitate sustainable retention solutions and support our commitment to excellent customer service.


In This Role, You Will:

  • Prepare, review, and process mortgage loan modification applications, partial claims, and deferments
  • Ensure all documentation and submissions comply with investor, agency, and state-specific guidelines
  • Work with legal counsel, title companies, and internal departments to ensure accurate documentation and compliance with regulatory requirements
  • Track and report on loan modification department pipeline
  • Analyze financial information, payment processing, and transactions, to determine eligibility and appropriate modification options
  • Other job duties as assigned

Join our team and be part of a company dedicated to helping homeowners navigate financial challenges, improving the lives and strengthening Idaho communities. Join us and be part of a professional and mission-driven organization that makes a meaningful impact on the lives of Idahoans.

Requirements:
  • 6+ months experience in residential real estate lending, residential loan processing, loan closing, loan servicing or a combination of education and experience in related fields
  • Proven experience in mortgage loan modifications, loss mitigation, or related roles, preferred
  • Excellent communication and interpersonal skills to effectively liaise with clients and stakeholders
  • Detail-oriented with strong organizational and time management abilities

Apply