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Specialist Loss Mitigation Salary
in Maine, United States

$43,674 (USD)

Average Salary

$21/hr

Average Hourly

$1,101

Average Bonus

Salary Recap

The average pay for a Specialist Loss Mitigation is $43,674 a year and $21 an hour in Maine, United States. The average salary range for a Specialist Loss Mitigation is between $31,057 and $54,027. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Maine, 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.

Salary Potential

Estimated salary in 2023:
$50,630
5 Year Change:
16 %

Education

Education data not available for this job

Skills

Skills data not available for this job

Specialist Loss Mitigation Job Listings for Maine, United States

No listings found
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