Senior Loss Mitigation Lead - Commercial Loans

Kids for the Future; Irving (TX); On-site; USD 85,000 - 130,000; Full time

Benefits offered by this job

Medical, dental, vision

Life insurance

401K with match

PTO & holidays

Team culture

Job summary

BSI Financial is seeking a Loss Mitigation Single Point of Contact to manage delinquent business-purpose loans from 60 days past due through workout or liquidation.

You will lead borrower and sponsor outreach, negotiate resolutions, and manage foreclosure timelines to achieve the lowest-loss outcome for clients and investors. The portfolio includes RTL, DSCR rentals, and small-balance multifamily loans.

Qualifications

• 6–10 years in default servicing with workout responsibility.
• Experience managing business purpose/commercial real estate loans through default.
• Proven track record negotiating and closing workouts with borrowers and sponsors.
• Knowledge of foreclosure, receivership, deed in lieu, bankruptcy, REO.

Responsibilities

• Manage an assigned portfolio of business-purpose loans from delinquency through resolution.
• Serve as the single point of contact for borrowers, sponsors, guarantors, and counsel.
• Analyze financials, rent rolls, budgets, DSCR, LTV/ARV to build resolution plans.
• Negotiate and close workout solutions and extensions as needed.
• Prepare workout recommendations with supporting analyses for approvals.
• Drive foreclosure, receivership, bankruptcy and REO timelines with outside counsel.
• Oversee property preservation, inspections, valuations, and taxes.
• Provide accurate portfolio reporting and status updates.
• Work within investor guidelines and company policies.

Skills

Default servicing

Commercial real estate loans

Workout negotiation

Foreclosure & REO knowledge

Financial analysis

Loan documents & structure

Advanced Excel

Independent worker

Education

Bachelor's degree in finance, business, real estate, or related field

Tools

Servicing platforms

UCC filings

Job description

BSI Financial is seeking a Loss Mitigation Single Point of Contact to manage delinquent business-purpose loans from 60 days past due through workout or liquidation.

You will lead borrower and sponsor outreach, negotiate resolutions, and manage foreclosure timelines to achieve the lowest-loss outcome for clients and investors. The portfolio includes RTL, DSCR rentals, and small-balance multifamily loans.