Loss Mitigation Specialist Education Requirements And Courses

Loss mitigation specialist education requirements

Updated January 8, 2025

2 min read

Usually, loss mitigation specialists don't need a college education. The most common degree for loss mitigation specialists is bachelor's degree with 51% graduates, with only 20% loss mitigation specialist graduates earning associate degree. Loss mitigation specialists who decided to graduate from college often finish University of Phoenix or University of North Texas. Some good skills to have in this position include customer service, loan modifications and foreclosure process.

Popular loss mitigation specialist certifications include Certified Management Accountant (CMA), Certified Criminal Justice Specialist (CCJS), or Certified Resume Specialist: Accounting and Finance (CRS+AF). To improve loss mitigation specialist qualification and skills, we prepared some online courses to help in loss mitigation specialist education paths.

What education do you need to become a loss mitigation specialist?

What degree do you need to be a loss mitigation specialist?

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%

What should I major in to become a loss mitigation specialist?

You should major in business to become a loss mitigation specialist. 40% of loss mitigation specialists major in business. Other common majors for a loss mitigation specialist include accounting and finance.

Business, 40%

Accounting, 7%

Finance, 6%

Psychology, 5%

Other Majors, 42%

Best majors for loss mitigation specialists

Rank	Major	Percentages
1	Business	39.8%
2	Accounting	6.5%
3	Finance	6.1%
4	Psychology	5.3%
5	Criminal Justice	5.1%

Show more common loss mitigation specialist majors

20 best online courses for loss mitigation specialists

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Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...

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Learn GSTR1 and GSTR2 Returns,GSTR3B Monthly return & GSTR9 Annual return...

5. Financial Accounting-Debits & Credits-Accounting Transaction

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Masterclass: Learn Accounting Principles, Financial Statements, Transactions & More in this Comprehensive Course...

6. Financial Accounting-Adjusting Entries & Financial Statement

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Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting...

7. Audit - Financial Statement

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Master the Art of Auditing Financial Statements: In-Depth Analysis, Techniques, and Real-World Case Studies...

8. Financial Statements: Balance Sheet, Income Stmt, Cash Flow

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How To Quickly Read & Understand The Big 3 Financial Statements: Balance Sheet, Income Statement, Cash Flow Statement...

9. Accounting & Financial Statement Analysis: Complete Training

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Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...

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Master the Art of Financial Statement Analysis: Unlocking Insights through Vertical, Horizontal, and Ratio Analysis...

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Discover, develop, practice your financial information and explore the world of accounting...

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Learn how to make understanding financial statements your superpower!...

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Read financial statements and speak the language of business without the drudgery of a traditional accounting course...

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The Complete Guide To Advanced Real Estate Financial Modeling For Real Estate Investment Professionals...

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The Ultimate Hands-On Microsoft Power BI & DAX Financial Statements, Reporting, Analytics, Visualization, & BI Course...

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The Complete A to Z Guide to Modeling Real Estate Transactions in Microsoft Excel For Smarter Real Estate Investing...

19. Financial Accounting: The Complete Introductory Crash Course

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Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...

20. Accounting & Bookkeeping Masterclass - Beginner to Advanced

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Accounting, Bookkeeping Introduction, Accounting, Bookkeeping Entries, Accounting, Bookkeeping Adjustments & Reports...

Average loss mitigation specialist salary by education level

According to our data, loss mitigation specialists with a Bachelor's degree earn the highest average salary, at $46,256 annually. Loss mitigation specialists with a Associate degree earn an average annual salary of $43,741.

Loss mitigation specialist education level	Loss mitigation specialist salary
High School Diploma or Less	$43,724
Bachelor's Degree	$46,256
Some College/ Associate Degree	$43,741