Loss mitigation specialist demographics and statistics in the US
Loss mitigation specialist demographics research summary. Zippia estimates loss mitigation specialist demographics and statistics in the United States by using a database of 30 million profiles. Our loss mitigation specialist estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about loss mitigation specialists after extensive research and analysis:
- There are over 3,770 loss mitigation specialists currently employed in the United States.
- 59.6% of all loss mitigation specialists are women, while 40.4% are men.
- The average loss mitigation specialist age is 45 years old.
- The most common ethnicity of loss mitigation specialists is White (57.6%), followed by Hispanic or Latino (20.7%), Black or African American (13.9%) and Unknown (3.9%).
- Loss mitigation specialists are most in-demand in Greenville, SC.
- Virginia Beach, VA pays an annual average wage of $50,074, the highest in the US.
- In 2022, women loss mitigation specialists earned 97% of what men earned.
- Maryland is the best state for loss mitigation specialists to live.
- Loss mitigation specialists are 67% more likely to work at private companies in comparison to public companies.
On this page
Loss mitigation specialist demographics by:
Loss mitigation specialist gender statistics
59.6% of loss mitigation specialists are women and 40.4% of loss mitigation specialists are men.
- Female, 59.6%
- Male, 40.4%
Loss mitigation specialist gender ratio
| Gender | Percentages |
|---|---|
| Female | 59.6% |
| Male | 40.4% |
Loss mitigation specialist gender pay gap
Women earn 97¢ for every $1 earned by men
Male income
$44,697
Female income
$43,186
Loss mitigation specialist gender ratio over time
This data breaks down the percentage of men and women in loss mitigation specialist positions over time. Currently, 59.6% of loss mitigation specialists are female.
Loss mitigation specialist gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 44.36% | 55.64% |
| 2011 | 42.51% | 57.49% |
| 2012 | 42.09% | 57.91% |
| 2013 | 39.95% | 60.05% |
| 2014 | 39.76% | 60.24% |
| 2015 | 40.96% | 59.04% |
| 2016 | 41.12% | 58.88% |
| 2017 | 39.63% | 60.37% |
| 2018 | 42.10% | 57.90% |
| 2019 | 35.99% | 64.01% |
| 2020 | 34.55% | 65.45% |
| 2021 | 40.45% | 59.55% |
Loss mitigation specialist related jobs gender ratio
We compared loss mitigation specialists with similar job titles to see how gender ratios vary. As you can see, time recorder and recovery agent have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Insurance Billing Clerk | 5% | 95% |
| Receptionist/Accounts Receivable | 5% | 95% |
| Directory Clerk | 7% | 93% |
| Loss Mitigation Specialist | 40% | 60% |
| Recovery Agent | 69% | 31% |
| Time Recorder | 71% | 29% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Loss mitigation specialist demographics by race
The most common ethnicity among loss mitigation specialists is White, which makes up 57.6% of all loss mitigation specialists. Comparatively, 20.7% of loss mitigation specialists are Hispanic or Latino and 13.9% of loss mitigation specialists are Black or African American.
- White, 57.6%
- Hispanic or Latino, 20.7%
- Black or African American, 13.9%
- Unknown, 3.9%
- Asian, 3.4%
- American Indian and Alaska Native, 0.5%
Loss mitigation specialist race
| Loss mitigation specialist race | Percentages |
|---|---|
| White | 57.6% |
| Hispanic or Latino | 20.7% |
| Black or African American | 13.9% |
| Unknown | 3.9% |
| Asian | 3.4% |
| American Indian and Alaska Native | 0.5% |
Loss mitigation specialist race and ethnicity over time
See how loss mitigation specialist racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Loss mitigation specialist race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 59.17% | 16.21% | 3.31% | 18.63% |
| 2011 | 57.38% | 17.26% | 3.17% | 19.03% |
| 2012 | 59.62% | 17.57% | 3.16% | 16.53% |
| 2013 | 57.90% | 18.12% | 3.78% | 17.48% |
| 2014 | 58.87% | 16.37% | 3.25% | 18.87% |
| 2015 | 57.50% | 16.40% | 3.05% | 19.68% |
| 2016 | 60.48% | 14.91% | 2.13% | 19.40% |
| 2017 | 57.64% | 18.27% | 3.22% | 17.76% |
| 2018 | 59.93% | 13.37% | 3.60% | 20.22% |
| 2019 | 56.54% | 15.22% | 3.04% | 22.43% |
| 2020 | 55.28% | 15.81% | 3.20% | 20.23% |
| 2021 | 57.61% | 13.90% | 3.38% | 20.70% |
Loss mitigation specialist wage gap by race
According to our data, asian loss mitigation specialists have the highest average salary compared to other ethnicities. Unknown loss mitigation specialists have the lowest average salary at $43,711.
| Ethnicity | Salary |
|---|---|
| Unknown | $43,711 |
| White | $44,881 |
| Black or African American | $44,906 |
| Asian | $45,013 |
| Hispanic or Latino | $44,990 |
Average loss mitigation specialist age
See how the average age of loss mitigation specialists varies based on ethnicity and gender.
Male
Female
Loss mitigation specialist age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 40 | 48.5 |
| White | 43 | 47 |
| Black or African American | 45.5 | 49 |
| Asian | 53 | |
| Hispanic or Latino | 39 | 40 |
Loss mitigation specialist age breakdown
The average age of loss mitigation specialists is 40+ years years old, representing 66% of the loss mitigation specialist population.
Loss mitigation specialist age breakdown
| Loss Mitigation Specialist Years | Percentages |
|---|---|
| 40+ years | 66% |
| 30-40 years | 23% |
| 20-30 years | 11% |
Loss mitigation specialist educational attainment
The most common degree for loss mitigation specialists is bachelor's degree, with 51% of loss mitigation specialists earning that degree. The second and third most common degree levels are associate degree degree at 20% and associate degree degree at 16%.
- Bachelor's, 51%
- Associate, 20%
- High School Diploma, 16%
- Master's, 6%
- Other Degrees, 7%
Loss mitigation specialists by degree level
| Loss mitigation specialist degree | Percentages |
|---|---|
| Bachelor's | 51% |
| Associate | 20% |
| High School Diploma | 16% |
| Master's | 6% |
| Other Degrees | 7% |
Loss mitigation specialist jobs you might like
Loss mitigation specialist wage gap by degree level
According to the data, loss mitigation specialists with a Bachelor's degree earn more than those without, at $46,256 annually. With a Associate degree, loss mitigation specialists earn a median annual income of $43,741 compared to $43,724 for loss mitigation specialists with an High School Diploma degree.
| Education | Salary |
|---|---|
| High School Diploma or Less | $43,724 |
| Bachelor's Degree | $46,256 |
| Some College/ Associate Degree | $43,741 |
Loss mitigation specialist employment statistics
Most loss mitigation specialists work for a private in the finance industry.
Company size where loss mitigation specialists work
Below, you can see the size of companies where loss mitigation specialists work.
Loss mitigation specialist jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 6% |
| 50 - 100 employees | 19% |
| 100 - 500 employees | 21% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 28% |
| > 10,000 employees | 17% |
Loss mitigation specialist jobs by company type
Employees with the loss mitigation specialist job title have their preferences when it comes to working for a company. For instance, most loss mitigation specialists prefer to work at private companies over public companies.
Loss mitigation specialist jobs by sector
| Company type | Percentages |
|---|---|
| Public | 31% |
| Private | 67% |
| Government | 2% |
Loss mitigation specialist jobs by industry
The most common industries for loss mitigation specialists are finance, professional and technology.
Loss mitigation specialist industry statistics
| Industry | Percentages |
|---|---|
| Finance | 51% |
| Fortune 500 | 12% |
| Professional | 12% |
| Retail | 3% |
| Real Estate | 3% |
| Technology | 3% |
| Government | 2% |
| Manufacturing | 2% |
| Insurance | 2% |
| Start-up | 1% |
| Transportation | 1% |
| Internet | 1% |
| Media | 1% |
| Energy | 1% |
| Non Profits | 1% |
| Construction | 1% |
| Automotive | 1% |
| Hospitality | 1% |
Loss mitigation specialist turnover and employment statistics
Loss mitigation specialist unemployment rate over time
The unemployment rate for loss mitigation specialists between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Loss mitigation specialist unemployment rate by year
| Year | Loss mitigation specialist unemployment rate |
|---|---|
| 2010 | 12.02% |
| 2011 | 12.36% |
| 2012 | 10.85% |
| 2013 | 10.37% |
| 2014 | 8.36% |
| 2015 | 7.21% |
| 2016 | 5.43% |
| 2017 | 4.15% |
| 2018 | 4.83% |
| 2019 | 4.01% |
| 2020 | 4.42% |
| 2021 | 5.16% |
Average loss mitigation specialist tenure
The average loss mitigation specialist stays at their job for 1-2 years, based on the 7,343 loss mitigation specialists resumes in Zippia's database.
Loss mitigation specialist tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 23% |
| 1-2 years | 42% |
| 3-4 years | 15% |
| 5-7 years | 10% |
| 8-10 years | 5% |
| 11+ years | 5% |
Loss mitigation specialist LGBT ratio compared to similar jobs
Review the percent of loss mitigation specialists that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Procurement Administrator | 6.59% | 56,668 |
| Accounting Assistant | 6.92% | 63,945 |
| Note Teller | 7.10% | 8,796 |
| Billing Representative | 7.32% | 95,425 |
| Loss Mitigation Specialist | 7.90% | - |
| Commission Clerk | 9.54% | 66,549 |
| Casino Gaming Worker | 10.47% | 20,178 |
Similar loss mitigation specialist jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Procurement Administrator | 6.59% | 56,668 |
| Accounting Assistant | 6.92% | 63,945 |
| Note Teller | 7.10% | 8,796 |
| Billing Representative | 7.32% | 95,425 |
| Commission Clerk | 9.54% | 66,549 |
| Casino Gaming Worker | 10.47% | 20,178 |
Foreign languages spoken by loss mitigation specialists
The most common foreign language among loss mitigation specialists is Spanish at 86.6%. The second-most popular foreign language spoken is French at 3.2% and Portuguese is the third-most popular at 1.9%.
- Spanish, 86.6%
- French, 3.2%
- Portuguese, 1.9%
- Chinese, 0.9%
- Vietnamese, 0.9%
- Other, 6.5%
Loss mitigation specialist languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 86.6% |
| French | 3.2% |
| Portuguese | 1.9% |
| Chinese | 0.9% |
| Vietnamese | 0.9% |
| Other | 6.5% |
