Loss Mitigation Specialist

Also called: Mortgage Loss Mitigation Specialist

Helps homeowners who are behind on their mortgage find a way to keep their home and avoid foreclosure.

A day in the life

You review a family's income after a job loss, set up a lower monthly payment and explain their options in plain language on the phone.

Pay over a career

Starting
$42k
Typical
$58k
High
$82k

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Bachelor's degree (4-year), about 3 years after high school. Bachelor's often preferred; trained on the job in mortgage servicing.

Ways in: 4-year college, On-the-job training. Training cost: $15k – $60k.

Majors to look at: Finance, Business.

Outlook

Growing about average (about 3% over 10 years). Tracks loan officers.

Will it last? Our AI estimate

Medium risk in 5 years, high in 10. AI screens hardship applications and picks workout options; human calls with stressed homeowners remain but with smaller teams.

Start now, in high school

Classes: Personal finance, Psychology, Spanish, Computer applications.

Official data: O*NET occupation 13-2072.

More Banking & Lending careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.