Avg. Base Hourly Rate (USD)
The average hourly pay for a Loss Mitigation Specialist is $20.50 in 2025
Featured Content
What Do Loss Mitigation Specialists Do?
- 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.
Common Health Benefits for a Loss Mitigation Specialist
Gender Breakdown for Loss Mitigation Specialists
FAQs About Loss Mitigation Specialists
What is the highest pay for Loss Mitigation Specialists in Plano?
Our data indicates that the highest pay for a Loss Mitigation Specialist in Plano is $NaN / hour
What is the lowest pay for Loss Mitigation Specialists in Plano?
Our data indicates that the lowest pay for a Loss Mitigation Specialist in Plano is $NaN / hour
How can Loss Mitigation Specialists increase their salary?
Increasing your pay as a Loss Mitigation Specialist is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loss Mitigation Specialist that oversees more junior Loss Mitigation Specialists, this experience can increase the likelihood to earn more.