Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss


The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Forgot Password?

Don't have an account? Sign Up

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Become A Loss Mitigation Specialist

Where do you want to work?

To get started, tell us where you'd like to work.
Sorry, we can't find that. Please try a different city or state.

Working As A Loss Mitigation Specialist

  • Getting Information
  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Documenting/Recording Information
  • Communicating with Persons Outside Organization
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Repetitive

  • $42,220

    Average Salary

What Does A Loss Mitigation Specialist Do

A Loss Mitigation Specialist works with mortgage holders who are at risk of foreclosure. They contact and interact with delinquent borrowers to review different options for foreclosure.

How To Become A Loss Mitigation Specialist

Collectors usually must have a high school diploma. A few months of on-the-job training is common.


Most bill and account collectors are required to have a high school diploma, although some employers prefer applicants who have taken some college courses. Communication, accounting, and basic computer courses are examples of classes that are helpful for entering this occupation.


Collectors usually get 1 to 3 months of on-the-job training after being hired. Training includes learning the company’s policies and computer software and learning the laws for debt collection in the Fair Debt Collection Practices Act, as well as their state’s debt-collection regulations. Collectors also may be trained in negotiation techniques.

Important Qualities

Listening skills. Collectors must pay attention to what debtors say when trying to negotiate a repayment plan. Learning the particular situation of the debtors and how they fell into debt can help collectors suggest solutions.

Negotiating skills. The main aspects of a collector’s job are reconciling the differences between two parties (the debtor and the creditor) and offering a solution that is acceptable to both parties.

Speaking skills. Collectors must be able to speak to debtors to explain their choices and ensure that they fully understand what is being said.

Show More

Show Less

Loss Mitigation Specialist jobs

Add To My Jobs
Job type you want
Full Time
Part Time

Top Skills for A Loss Mitigation Specialist


Show More

Top Loss Mitigation Specialist Skills

  1. Foreclosure Process
  2. Loss Mitigation Options
  3. Loan Modification Process
You can check out examples of real life uses of top skills on resumes here:
  • Provided professional and knowledgeable counseling to borrowers of all options available, and in certain cases the foreclosure process.
  • Reviewed hardship packages in determining loss mitigation options and approved deals within level of authority.
  • Executed the loan modification process for various loan servicing, companies.
  • Review loan agreements and delinquency arrangements to reschedule debt and negotiated payoff schedules with delinquent borrowers, to prevent foreclosure.
  • Produce solutions including forbearance agreements, repayment plans, loan modifications, partial claims, short sales and deed-in-lieu.

Top Loss Mitigation Specialist Employers

Loss Mitigation Specialist Videos

Loss Mitigation and Mortgage Modification in Bankruptcy Courts

Loss Mitigation Business Opportunity.

Home Loan Modification / Loss Mitigation Program