Loss Mitigation Specialist

Dovenmuehle

. Manage cases of loss mitigation loan files within required timelines and protocols .

Posted 9/19/2026full-timeRemote • Illinois • United StatesJunior💰 $24 - $25 per hourWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in loss mitigation processes, mortgage underwriting, and regulatory compliance, with strong analytical skills and the ability to manage complex loan cases effectively. Proficient in utilizing loan servicing platforms and Microsoft applications to ensure accurate documentation and communication.

Highest-signal resume keywords

Loss Mitigation ProcessesMortgage UnderwritingRegulatory ComplianceAnalytical SkillsLoan Servicing Platforms

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Mortgage UnderwritingLoss MitigationModification CalculationsFinancial AnalysisProperty ValuationCredit Report EvaluationDocumentation AccuracyPortfolio ManagementRegulatory Compliance TrainingBankruptcy and Foreclosure Knowledge

Soft Skills

Problem-Solving SkillsAttention to DetailEffective CommunicationAbility to Work IndependentlyInitiative

Tools & Technologies

Microsoft ExcelLoan Servicing Platforms

Certifications & Qualifications

Loan Officer's License

Industry Keywords

Agency GuidelinesWaterfall GuidelinesReal Estate Tax InformationTitle SearchesNegotiation Skills

About the role

Key responsibilities & impact

Manage cases of loss mitigation loan files within required timelines and protocols
Handle an intermediate volume of cases and identify more complex cases for escalation
Evaluate borrower application packages to determine financial circumstances, capacity, and ability to pay
Reconcile sources of income, tax returns, balance sheets/statements, and credit reports
Evaluate property valuations and/or appraisals to determine beneficiary’s equity position and ensure adequate collateral is maintained
Review title searches for liens, real estate tax information, or other barriers and relay required steps to appropriate parties
Negotiate terms with mortgagors, real estate brokers, attorneys, MI companies, government agencies, and clients
Complete modification/forbearance calculations for agreements or provide required information to appropriate parties
Ensure documentation is accurate before submission to departments updating the Loan Servicing System
Manage portfolio loans with client-specific criteria and agency guidelines
Monitor loans for borrower payment and performance during trial, forbearance, or repayment plans
Adhere to laws, regulations, and organizational processes
Report to Supervisor
Perform additional duties as assigned

Requirements

What you’ll need

Bachelor’s degree or equivalent combination of education and experience
1+ years’ experience of mortgage underwriting
Proficient with Microsoft applications, including Excel, and loan servicing platforms
Strong analytical and problem-solving skills and attention to detail
Ability to handle complex, multiple tasks simultaneously in a fast-paced environment
Ability to work independently along with initiative to complete all assigned tasks timely
Effective verbal and written communication skills with demonstrated ability to always interact in a positive and professional manner with all levels of both internal and external audiences
Detailed knowledge of processes of loss mitigation, bankruptcy, and foreclosure, as well as various agency requirements and waterfall guidelines
Have the educational requirements necessary to obtain Loan Officer’s license
Ability to train others
Must successfully complete annual regulatory compliance training
Must be able to remain in a stationary position and/or move about the organization or remote office
May occasionally lift and/or move up to 25 lbs.

Benefits

Comp & perks

Medical, Dental, Vision, Wellness, Flexible Spending Account, and Employee Assistance Program
Employer paid Life Insurance, Short Term Disability, and Long-Term Disability
401 (K) Plan with company match
Paid Vacation, Sick, Personal and Holidays
On-site office setting or quiet, designated work from home space