Average Experienced Loss Mitigation Specialist with Customer Service Skills Salary

$46,452
Avg. SalaryShow Hourly Rate
Help us gather more data! Find out what you're worth.
What am I worth?
Get pay report
How should I pay?
Price a job
The average salary for an Experienced Loss Mitigation Specialist with Customer Service skills is $46,452.
25%
$39k
25%
$46k
50%
$55k
75%
75%
MEDIAN $46,452
Is Loss Mitigation Specialist your job title? Get a personalized salary report!
How it works:
1
Enter city & years of experience
2
Add pay factors like skills & education
3
Find your market worth with a report tailored to you
United States (change)
Salary
$39k - $55k
Total Pay
$36k - $57k

Your Market Worth Over Time

How has your pay changed over time for your market? Find out by taking our salary quiz.

Job Description for Loss Mitigation Specialist

Loss Mitigation Specialist Tasks
  • Assess servicing files to determine if required loss mitigation activities were completed and documented according to internal and external requirements.
  • Manage and maintain loss mitigation documentation files.
  • Evaluate foreclosed loans and determine if they were processed according to internal and external requirements.
  • Perform financial analysis and assess borrowers' financial situation to establish if a borrower can reinstate the mortgage fully or in part.
  • Coordinate with borrowers within investor and vendor guidelines to resolve any delinquencies and evade foreclosure.

Career Paths

Explore the most common career paths for Loss Mitigation Specialist. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Loss Mitigation Specialist
Mortgage Loan Processor
Collections Specialist
Loan Underwriter, Mortgage
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Loss Mitigation Specialist Job Listings

Search for more jobs
Search

Popular Skills for Loss Mitigation Specialist

Skills in Mortgage Loans and Oral / Verbal Communication are correlated to pay that is above average. Skills that pay less than market rate include Bill Collections, Negotiation and Loan Processing.

Pay by Experience Level for Loss Mitigation Specialist

An early career Loss Mitigation Specialist with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $34,000 based on 21 salaries. A mid-career Loss Mitigation Specialist with 5-9 years of experience earns an average total compensation of $46,000 based on 15 salaries.

Years of Experience

This data is based on 36 survey responses.
Early Career
58.3%
Mid Career
41.7%