Loss mitigation specialist vs certified medical technician

The differences between loss mitigation specialists and certified medical technicians can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a loss mitigation specialist and a certified medical technician. Additionally, a loss mitigation specialist has an average salary of $43,251, which is higher than the $38,859 average annual salary of a certified medical technician.

The top three skills for a loss mitigation specialist include customer service, loan modifications and foreclosure process. The most important skills for a certified medical technician are patients, vital signs, and CPR.

Loss mitigation specialist vs certified medical technician overview

	Loss Mitigation Specialist	Certified Medical Technician
Yearly salary	$43,251	$38,859
Hourly rate	$20.79	$18.68
Growth rate	-8%	5%
Number of jobs	7,596	164,424
Job satisfaction	3.67	-
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 28%
Average age	46	44
Years of experience	12	12

What does a loss mitigation specialist do?

A loss mitigation specialist is responsible for evaluating outstanding debts, assisting the mortgage owner on minimizing losses by reviewing potential risks before settling a mutual agreement for the debtor and the bank. Loss mitigation specialists analyze financial documents and account statements, determining the property value, and assess the debtor's credit ratings. They also negotiate on payment plans, ensuring that the debtor understands the terms and conditions to prevent further financial damage. A loss mitigation specialist must have excellent knowledge of the financial industry, including banking products and services.

What does a certified medical technician do?

Certified Medical Technicians are specialists in medical diagnoses by performing laboratory testing and analysis for hospitals and physicians. Their duties include lab sanitization to prepare for testing and collection, recording medical samples for testing, specimen preparation, blood drawing for donation and testing, and assisting physicians with sample collection as well as equipment handling in surgical rooms. They must also understand how to use complex and sensitive testing equipment such as cell counters, analyzers, microscopes, and centrifuges.

Loss mitigation specialist vs certified medical technician salary

Loss mitigation specialists and certified medical technicians have different pay scales, as shown below.

	Loss Mitigation Specialist	Certified Medical Technician
Average salary	$43,251	$38,859
Salary range	Between $34,000 And $54,000	Between $28,000 And $53,000
Highest paying City	Virginia Beach, VA	Denton, TX
Highest paying state	Maryland	Alaska
Best paying company	Accenture	Favorite Healthcare Staffing
Best paying industry	Professional	Health Care

Differences between loss mitigation specialist and certified medical technician education

There are a few differences between a loss mitigation specialist and a certified medical technician in terms of educational background:

	Loss Mitigation Specialist	Certified Medical Technician
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 28%
Most common major	Business	Nursing
Most common college	-	University of Connecticut

Loss mitigation specialist vs certified medical technician demographics

Here are the differences between loss mitigation specialists' and certified medical technicians' demographics:

	Loss Mitigation Specialist	Certified Medical Technician
Average age	46	44
Gender ratio	Male, 40.4% Female, 59.6%	Male, 20.4% Female, 79.6%
Race ratio	Black or African American, 13.9% Unknown, 3.9% Hispanic or Latino, 20.7% Asian, 3.4% White, 57.6% American Indian and Alaska Native, 0.5%	Black or African American, 15.9% Unknown, 5.0% Hispanic or Latino, 14.6% Asian, 10.0% White, 53.8% American Indian and Alaska Native, 0.8%
LGBT Percentage	8%	8%

Differences between loss mitigation specialist and certified medical technician duties and responsibilities

Loss mitigation specialist example responsibilities.

Manage internal team SharePoint and document repository.
Document accurate loss mitigation reviews and foreclosure details via MSP.
Submit Medicare claims through DDE.
Deal with Nielsen and Rentrak to monitor advertiser ad ratings
Check accounts for accuracy according to Medicare HMO guidelines.
Resolve customer disputes and prepare adjustments to A/R when necessary.

Certified medical technician example responsibilities.

Maintain the cleanliness of storage areas, trays, centrifuges, refrigerators, freezers and work area.
Administer medications to patients according to their medication record as scheduled, as needed according to physician orders.
Perform laboratory test and procedures in areas including chemistry, hematology, urinalysis, coagulation, serology, and bacteriology.
Perform first aid and apply CPR when necessary.
Perform first aid or CPR during medical emergencies until paramedics arrive.
Assist the residents in their ADL needs and prepare their meals.

Loss mitigation specialist vs certified medical technician skills

Common loss mitigation specialist skills

Customer Service, 13%
Loan Modifications, 9%
Foreclosure Process, 8%
Inbound Calls, 5%
Loss Mitigation Options, 4%
Payment Arrangements, 3%

Common certified medical technician skills

Patients, 17%
Vital Signs, 12%
CPR, 8%
Administer Medications, 7%
Resident Care, 6%
HIPAA, 6%

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Loss Mitigation Specialist
Loss Mitigation Specialist vs Certified Medical Technician

Updated January 8, 2025

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