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Job outlook for loss mitigation specialists in the United States
Loss mitigation specialist job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected loss mitigation specialist job growth rate is -8% from 2018-2028.
About -17,500 new jobs for loss mitigation specialists are projected over the next decade.
Loss mitigation specialist salaries have increased 8% for loss mitigation specialists in the last 5 years.
There are over 3,770 loss mitigation specialists currently employed in the United States.
There are 7,596 active loss mitigation specialist job openings in the US.
The average loss mitigation specialist salary is $43,251.
Are loss mitigation specialist jobs in demand?
Loss Mitigation Specialist job and salary trends over time
Loss Mitigation Specialist jobs over time
Loss Mitigation Specialist job growth rate over time
Year  | # Of Jobs | % Of Population |
|---|---|---|
| 2021 | 3,770 | 0.00% |
| 2020 | 3,931 | 0.00% |
| 2019 | 4,176 | 0.00% |
| 2018 | 4,450 | 0.00% |
| 2017 | 4,811 | 0.00% |
Average loss mitigation specialist salary over time
Loss Mitigation Specialist salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2025 | $43,251 | $20.79 | +3.0% |
| 2024 | $42,002 | $20.19 | +2.7% |
| 2023 | $40,890 | $19.66 | +2.0% |
| 2022 | $40,107 | $19.28 | --0.1% |
| 2021 | $40,129 | $19.29 | +2.6% |
Loss Mitigation Specialist jobs by state
Most common states for loss mitigation specialists
| Rank | State | Population | # of Jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 81 | 12% |
| 2 | Delaware | 961,939 | 98 | 10% |
| 3 | Iowa | 3,145,711 | 266 | 8% |
| 4 | North Dakota | 755,393 | 58 | 8% |
| 5 | Utah | 3,101,833 | 223 | 7% |
| 6 | Nebraska | 1,920,076 | 132 | 7% |
| 7 | Alaska | 739,795 | 49 | 7% |
| 8 | Wyoming | 579,315 | 43 | 7% |
| 9 | Massachusetts | 6,859,819 | 406 | 6% |
| 10 | Maryland | 6,052,177 | 380 | 6% |
| 11 | Colorado | 5,607,154 | 343 | 6% |
| 12 | Minnesota | 5,576,606 | 318 | 6% |
| 13 | New Mexico | 2,088,070 | 124 | 6% |
| 14 | New Hampshire | 1,342,795 | 82 | 6% |
| 15 | Hawaii | 1,427,538 | 79 | 6% |
| 16 | Vermont | 623,657 | 36 | 6% |
| 17 | Georgia | 10,429,379 | 509 | 5% |
| 18 | Virginia | 8,470,020 | 450 | 5% |
| 19 | Arizona | 7,016,270 | 373 | 5% |
| 20 | Idaho | 1,716,943 | 82 | 5% |
Most common cities for loss mitigation specialists
| Rank | City | # of Jobs | Employment/ 1000ppl | Avg. Salary |
|---|---|---|---|---|
| 1 | Frankfort | 2 | 7% | $37,357 |
| 2 | Juneau | 2 | 6% | $45,300 |
| 3 | Annapolis | 2 | 5% | $51,555 |
| 4 | Dover | 2 | 5% | $36,751 |
| 5 | Hartford | 2 | 2% | $44,657 |
| 6 | Lansing | 2 | 2% | $41,214 |
| 7 | Springfield | 2 | 2% | $43,347 |
| 8 | Topeka | 2 | 2% | $34,927 |
| 9 | Baton Rouge | 2 | 1% | $38,762 |
| 10 | Des Moines | 2 | 1% | $38,537 |
| 11 | Little Rock | 2 | 1% | $35,982 |
| 12 | Montgomery | 2 | 1% | $43,022 |
| 13 | Tallahassee | 2 | 1% | $36,942 |
| 14 | Atlanta | 2 | 0% | $44,313 |
| 15 | Boston | 2 | 0% | $46,641 |
| 16 | Denver | 2 | 0% | $44,134 |
| 17 | Indianapolis | 2 | 0% | $37,295 |
| 18 | Phoenix | 2 | 0% | $43,652 |
Loss Mitigation Specialist job outlook: Expert opinions
Our panel of loss mitigation specialist experts
University of the Virgin Islands
Francisco Depusoir
Associate Professor of AccountingUniversity of the Virgin Islands
School of Business
What soft skills should all Loss Mitigation Specialists possess?
Francisco Depusoir: -Analytical and problem-solving skills
-Strong written and oral communication
-Critical thinking
-Time Management
-Active learning
-Organization and attention to detail
What hard/technical skills are most important for Loss Mitigation Specialists?
Francisco Depusoir: -Basic knowledge of Generally Accepted Accounting Principles (GAAP)
-Experience with business intelligence software.
-Independent research skills.
-Data management abilities.
-Preparation and understanding of financial statements.