Team Lead Loan Modification

Tata Consultancy Services; Iowa (LA); On-site; USD 54,000 - 60,000; Full time

Benefits offered by this job

Discretionary Annual Incentive

Comprehensive Medical Coverage

Maternal & Parental Leaves

Auto & Home Insurance

Commuter Benefits & Certification &amp

Training Reimbursement

Vacation & Holidays

Job summary

Tata Consultancy Services is seeking a Team Lead – Back Office Loan Modification Operations to guide a team of Loan Modification Specialists reviewing, processing, and implementing requests for auto finance customers in hardship. You will drive productivity, quality, and SLAs across the operation.

Responsibilities include coaching, handling complex modifications, and ensuring adherence to policies, with focus on continuous improvement and risk management.

Qualifications

• High School Diploma or equivalent required.
• Associate’s or Bachelor’s degree in Business, Finance, Operations, or related field preferred.
• 4–6 years of experience in loan servicing, auto finance, collections, financial operations, or related lending functions.
• Minimum 1–2 years of leadership, supervisory, or team lead experience.
• Experience with loan modifications, hardship programs, restructuring, or delinquency management.
• Strong knowledge of loan servicing systems and operational processes.

Responsibilities

• Lead, coach, and develop a team of Back Office Loan Modification Specialists.
• Monitor daily productivity, quality, and workflow performance against established KPIs.
• Conduct regular performance reviews, coaching sessions, and development discussions.
• Provide guidance on complex loan modification requests, exceptions, and escalations.
• Foster a culture of accountability, collaboration, and continuous improvement.
• Oversee the review and processing of loan modification requests, including payment deferrals, term extensions, interest rate adjustments, and loan restructures.
• Ensure modifications are processed accurately and within established turnaround times.
• Review complex cases and approve transactions within delegated authority limits.
• Escalate high-risk or policy exception requests to management as appropriate.
• Ensure all loan modification activities comply with company policies, investor guidelines, and applicable regulatory requirements.
• Perform quality reviews and audits of completed work.
• Monitor error trends and implement corrective actions to improve quality.
• Support audits by providing documentation, reporting, and operational insights.
• Ensure proper documentation and record retention standards are maintained.

Skills

Leadership

Team management

Performance monitoring

Process improvement

Education

High School diploma or equivalent

Associate’s or Bachelor’s degree in Business/Finance/Operations

Tools

Loan servicing systems

Job description

Team Lead – Back Office Loan Modification Operations is responsible for leading and supporting a team of Loan Modification Specialists who review, process, and implement loan modification requests for auto finance customers experiencing financial hardship. This role ensures operational excellence, compliance adherence, workflow efficiency, and quality assurance while meeting productivity and service-level expectations.

Leadership & Performance Management

Lead, coach, and develop a team of Back Office Loan Modification Specialists.

Monitor daily productivity, quality, and workflow performance against established KPIs.

Conduct regular performance reviews, coaching sessions, and development discussions.

Provide guidance on complex loan modification requests, exceptions, and escalations.

Foster a culture of accountability, collaboration, and continuous improvement.

Loan Modification Operations Oversight

Oversee the review and processing of loan modification requests, including:

• Payment deferrals
• Term extensions
• Interest rate adjustments
• Loan restructures

Ensure modifications are processed accurately and within established turnaround times.

Review complex cases and approve transactions within delegated authority limits.

Escalate high-risk or policy exception requests to management as appropriate.

Quality Assurance & Compliance

Ensure all loan modification activities comply with company policies, investor guidelines, and applicable regulatory requirements.

Perform quality reviews and audits of completed work.

Monitor error trends and implement corrective actions to improve quality.

Support internal and external audits by providing documentation, reporting, and operational insights.

Ensure proper documentation and record retention standards are maintained.

Required Qualifications

• High School Diploma or equivalent required.
• Associate’s or Bachelor’s degree in Business, Finance, Operations, or related field preferred.
• 4–6 years of experience in loan servicing, auto finance, collections, financial operations, or related lending functions.
• Minimum 1–2 years of leadership, supervisory, or team lead experience.
• Experience with loan modifications, hardship programs, restructuring, or delinquency management.
• Strong knowledge of loan servicing systems and operational processes.

TCS Employee Benefits Summary

• Discretionary Annual Incentive.
• Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
• Family Support: Maternal & Parental Leaves.
• Insurance Options: Auto & Home Insurance, Identity Theft Protection.
• Convenience & Professional Growth: Commuter Benefits & Certification & Training Reimbursement.
• Time Off: Vacation, Time Off, Sick Leave & Holidays.
• Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.

Salary Range: $54,000 - $60,000 per year