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Does recent news have you questioning a career in banking? Citizens is well capitalized, has a strong liquidity position and is regulated by the Fed and OCC.

Home Mortgage Senior Loss Mitigation Manager

Customer Service and Call Center

Glen Allen, Virginia

Job ID: 24189

Full/Part Time: Full Time

Shift: 1ST


Are you enthusiastic about helping customers who are experiencing financial hardship? Do you enjoy problem solving and driving meaningful change? Are you looking for the autonomy and support to improve foreclosure effectiveness and company financial performance? Do you want a role that offers you the chance to drive significant improvements to the bottom line while also delivering for customers? If so, consider joining Citizens Bank’s Home Mortgage Consumer Solutions Delivery team and help lead our team to Operational Excellence.

Leading a team of ~50 colleagues internally/externally, you will shape the business in your leadership of Loss Mitigation for Mortgages and Home Equity products. Working closely with Investors Operations, Cash, New Loan Setup, Collections, Foreclosure, and other departments in Mortgage Servicing, senior management, Product Owners, and support teams, you will drive industry-leading Loss Mitigation, and Foreclosure Prevention strategies, deliver an exceptional customer experience, partner, and deliver a controlled operational environment. 

The Sr Loss Mitigation Operations Manager is responsible for the day-to-day operation of the department and takes ownership for producing high volume and high-quality work while adhering to investor, state, and regulatory guidelines.

Primary duties/responsibilities

In this position you will:

  • Primarily responsible for the success of Citizens Bank Loss Mitigation maximize program optimization and performance with a focus on efficiency and customer experience
  • Develop, plan, and implement activities that will enable a highly motivated and highly performing team that fosters an environment of cooperation and change
  • Drive risk and compliance accountability in end-to-end processes and controls and deliver a sound overall control environment. Proactively identify regulatory, investor financial, operational, reputational and other risk issues; develop remediation plans; and execute to bring issues to closure on time.
  • Process/Continuous Improvement: Identify operational improvements using Agile and Lean principles and process automation/digital tools to make improvement in execution a continual focus in day-to-day operation.
  • Develop strong industry knowledge and network to benchmark practices and performance vs. industry.
  • Implement strong operating rhythms, management routines and reporting to ensure robust engagement, communication, coaching/development, performance monitoring and accountability that will enable the team to win.
  • Undertakes special projects related to departmental activities as assigned
  • Ensure compliance with all Investor guidelines and quality controls are in place to protect Citizens and its clients.
  • Supervise department efficiency, pipeline management and processing time frames
  • Provide positive ongoing leadership and mentor, including performance measurements, appraisals and other actions impacting employee job related functions
  • Maintains, updates, and builds process and procedure documentation for the Loss Mitigation team. Continually review and refine processes to ensure efficiency and accuracy
  • Advises change within the department. Promotes a demeanor of optimism and progress
  • Prepares and presents workflow and results to Senior Management and clients as needed
  • Assists in the control of company expenses through intelligent use of funds to resolve accounts and managing staffing and miscellaneous costs
  • Review Quality Assurance/Quality Control reports on a daily/weekly basis and remediate deficiencies that are noted
  • Respond to internal and external audit findings by preparing formal responses and ensuring remediation of noted issues
  • Integrate new tools and vendors to achieve operational excellence goals and improve customer facing processes and touch points for Home Mortgage products
Minimum qualifications:
  • High School Diploma required
  • Minimum of 5 years of Mortgage Default Servicing supervisory/management experience required; minimum 10+ years mortgage operations management experience
  • Great leadership skills
  • Demonstrated ability in mortgage default operations
  • Proficient in Microsoft Word and Excel
  • Excellent mentor and counseling skills
  • Excellent verbal and written skills
  • Outstanding interpersonal and verbal, written communication skills and ability to multi-task in a fast-paced environment
  • Experience analyzing home appraisals, title searches and other documents to evaluate a pre-foreclosure remedies
  • Self-Motivated. Ability to work independently with minimal direct supervision
  • Strong analytical, problem solving and mathematical skills to be used in financial counseling, affidavits, evaluation and interpretation of sophisticated information
  • Understanding of mortgage lending and servicing, particular underwriting/loss mitigation, appraisals/valuations, foreclosure prevention and investor loss mitigation options/ requirements
  • Outstanding planning skills to balance multiple priorities and deadlines
  • Solid understanding of GNMA, USDA and GSE default servicing

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Hours & Work Schedule

  • Hours per Week: 40 hours
  • Work Schedule: Monday - Friday 8am - 5pm


This position is in the office

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.


We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more.

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Awards We've Received


The Banker’s Bank of the Year


Dave Thomas Foundation for Adoption Top 100 Best Adoption-Friendly Workplace


Noteworthy Company for Diversity


Human Rights Campaign Best Places to Work for LGBTQ Equality


Military Friendly Employer

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