A person working as a Loss Mitigation Specialist in United States of America will on average earn $39851 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $39,851.00 |
| Weekly salary | $766.37 |
| Daily salary | $109.18 |
| Hourly salary | $13.65 |
This means loss mitigation specialist salary is below average!
Job Industry: finance
Description: A loss mitigation specialist is an individual who works in the financial industry, specifically in the field of mortgage loans. Their primary responsibility is to assess and manage the risk associated with delinquent or defaulted loans. They work closely with borrowers who are facing financial difficulties to find viable solutions that will help them avoid foreclosure. This involves reviewing financial documents, analyzing loan terms, negotiating with borrowers, and recommending appropriate alternatives such as loan modifications, repayment plans, or short sales.
Tagged with: Loss mitigation specialist, Mortgage industry, Risk management, Loan modification, Foreclosure prevention, Financial analysis