Citizens Bank is seeking an experienced Loss Mitigation Leader who thrives in a fast‑paced, regulated environment and brings a strong mix of people leadership, operational expertise, and hands‑on problem solving. This role is ideal for a leader who enjoys rolling up their sleeves, coaching teams to higher performance, and driving meaningful improvements for both customers and the business.
In this role, you will lead the day‑to‑day operations of our Loss Mitigation portfolios across mortgage and home equity products. You will manage a team of approximately 36 associates (internal and external), partner closely with Strategy, Product, Risk, Compliance, and Senior Leaders, and take ownership of outcomes—performance, risk, customer experience, and financial results.
What You’ll Do
Lead, Develop, and Inspire
Drive Operational Excellence (Hands‑On Leadership)
- Own day‑to‑day loss mitigation operations, ensuring efficient pipeline management, timely execution, and adherence to investor and regulatory guidelines
- Actively identify breakdowns, inefficiencies, and risk points—and personally drive solutions to resolution
- Lead continuous improvement efforts using Lean, Agile, automation, and digital tools to improve execution, reduce rework, and enhance customer experience
Risk, Compliance & Governance
- Maintain a strong control environment across end‑to‑end processes, proactively identifying regulatory, investor, operational, and reputational risks
- Lead remediation of audit, QA/QC, and compliance findings through timely, sustainable corrective actions
- Ensure full compliance with GNMA/FHA, VA, USDA investor guidelines and internal policies
Stakeholder & Vendor Leadership
- Serve as a trusted partner to senior leaders, Product Owners, Strategy, Legal, Compliance, Claims, and Accounting teams
- Provide oversight and governance for key vendor partnerships, holding partners accountable for performance, risk management, and service delivery
- Prepare and present performance metrics, trends, and improvement outcomes to senior management
Operational & Financial Accountability
- Oversee investor requirements and loan modification document execution
- Manage departmental expenses, staffing, and productivity to achieve strong operational and financial outcomes
- Integrate new tools, technologies, and vendors that advance operational excellence and customer outcomes
What We’re Looking For
Required Qualifications
- 5+ years of leadership experience in mortgage Loss Mitigation, with demonstrated ownership of operational results
- Strong expertise in loss mitigation programs, including modifications
- Proven ability to lead teams in a highly regulated, high‑volume servicing environment
- Demonstrated willingness to be hands on—personally identifying issues, driving root‑cause analysis, and executing solutions
- Strong written and verbal communication skills, with the ability to translate complex policy into clear, actionable guidance
Technical & Industry Expertise
- Deep knowledge of default servicing regulations (CFPB, RESPA, HUD)
- Experience with mortgage servicing platforms such as MSP, BitB, SIP
- Strong understanding of investor/insurer guidelines and their impact on workout options and timelines
- Ability to interpret title, clearance requirements, and borrower hardship documentation
Analytical & Problem‑Solving Skills
- Strong analytical mindset with experience reviewing loan‑level data, identifying trends, and performing root‑cause analysis
- Ability to assess risk, evaluate options, and make disciplined decisions in complex situations
Preferred Qualifications
- 8–10 years of mortgage default servicing experience, including at least 5 years in a leadership role
- Professional certifications such as Certified Mortgage Servicer (CMS) or FHA DE Certification
Hours and Work Schedule
Hours per Week: 40
Work Schedule: Monday-Friday - 4 days in office - Glen Allen, VA or Irving, TX
#LI-Citizens5
- Agility
- Building Relationships
- Business Development
- Coaching
- Confidentiality
- Consumer Loans
- Credit Analysis
- Cross-Functional Collaboration
- Curiosity
- Customer Experience Management
- Customer-Centricity
- Empowering Others
- Fostering Inclusion
- Industry Insight
- Influencing Others
- Mortgage Loan or Mortgage Products
- Operations Management
- Performance Monitoring
- Product Knowledge
- Regulatory Compliance
- Valuing Diversity and Inclusion