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Loss Mitigation Specialist Salary
in Montana, United States

$42,502 (USD)

Average Salary

$20/hr

Average Hourly

$1,071

Average Bonus

Last updated: March 23, 2019

Salary Recap

The average pay for a Loss Mitigation Specialist is $42,502 a year and $20 an hour in Montana, United States. The average salary range for a Loss Mitigation Specialist is between $30,223 and $52,578. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Montana, United States.

Average Salary Chart

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Job Summary

Description:
  • Helps banks and mortgage companies save loans, and helps homeowners who are at risk for foreclosure, typically through loan modification, which is a lowering of interest rates and principal payments combined with an increase in payment terms, utilizing knowledge and skills in customer service, collections, verbal and written communication, and negotiations.
  • Examines and monitors loans in foreclosure and bankruptcy, and calls on mortgage holders who have defaulted on mortgage loans to discuss repayment options, payment plans, and other solutions in order to prevent foreclosure or bankruptcy.
  • Adheres to guidelines and requirements of organization and Federal government programs, determines if required loss mitigation actions were completed and documented correctly, and evaluates foreclosed loans to ensure they were processed correctly according to the same requirements.
Loss Mitigation Specialist Job Prevalence in Montana, United States

Job family: Business Operations Specialists, All Other

Job family population: 1,001,420

Estimated population of Loss Mitigation Specialist jobs: 138,546

Rate of error: 0.5%

Salary Potential

Estimated salary in 2024:
$49,271
5 Year Change:
16 %

Education

Education data not available for this job

Skills

Skills data not available for this job

Loss Mitigation Specialist Job Listings for Montana, United States

No listings found
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