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Loss Mitigation Specialist salary
Average loss mitigation specialist salary
$43,251
How much does a loss mitigation specialist make?
The average loss mitigation specialist salary in the United States is $43,251. Loss mitigation specialist salaries typically range between $34,000 and $54,000 yearly. The average hourly rate for loss mitigation specialists is $20.79 per hour.
Loss mitigation specialist salary is impacted by location, education, and experience. Loss mitigation specialists earn the highest average salary in Maryland.
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Where can a Loss Mitigation Specialist earn more?
Loss Mitigation Specialist Salaries By Experience Level
Loss Mitigation Specialist salary estimates from across the web
Average loss mitigation specialist salary by state
Highest paying states for loss mitigation specialists
Rank  | State | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | Maryland | $51,357 | $24.69 |
| 2 | District of Columbia | $57,762 | $27.77 |
| 3 | New Jersey | $49,677 | $23.88 |
| 4 | Arizona | $43,646 | $20.98 |
| 5 | Virginia | $49,433 | $23.77 |
| 6 | Alaska | $45,695 | $21.97 |
| 7 | Idaho | $43,923 | $21.12 |
| 8 | Georgia | $44,455 | $21.37 |
| 9 | Colorado | $44,172 | $21.24 |
| 10 | Texas | $42,255 | $20.31 |
| 11 | Mississippi | $45,460 | $21.86 |
| 12 | Massachusetts | $46,739 | $22.47 |
| 13 | Alabama | $42,775 | $20.56 |
| 14 | New York | $45,218 | $21.74 |
| 15 | Nevada | $41,088 | $19.75 |
| 16 | Pennsylvania | $41,495 | $19.95 |
| 17 | North Dakota | $39,805 | $19.14 |
| 18 | Wyoming | $39,133 | $18.81 |
| 19 | Illinois | $43,847 | $21.08 |
| 20 | Missouri | $41,618 | $20.01 |
| 21 | Minnesota | $42,468 | $20.42 |
| 22 | California | $47,238 | $22.71 |
| 23 | Michigan | $41,424 | $19.92 |
| 24 | Iowa | $38,640 | $18.58 |
| 25 | Connecticut | $45,119 | $21.69 |
| 26 | Hawaii | $41,158 | $19.79 |
| 27 | New Mexico | $38,769 | $18.64 |
| 28 | Tennessee | $40,243 | $19.35 |
| 29 | Montana | $40,039 | $19.25 |
| 30 | Washington | $41,999 | $20.19 |
| 31 | Louisiana | $38,717 | $18.61 |
| 32 | Wisconsin | $39,575 | $19.03 |
| 33 | North Carolina | $38,522 | $18.52 |
| 34 | Rhode Island | $40,756 | $19.59 |
| 35 | South Carolina | $40,663 | $19.55 |
| 36 | Delaware | $36,580 | $17.59 |
| 37 | Florida | $37,471 | $18.01 |
| 38 | Oregon | $38,172 | $18.35 |
| 39 | Indiana | $37,405 | $17.98 |
| 40 | Utah | $35,372 | $17.01 |
| 41 | Nebraska | $35,203 | $16.92 |
| 42 | New Hampshire | $37,281 | $17.92 |
| 43 | Kansas | $35,043 | $16.85 |
| 44 | Kentucky | $37,318 | $17.94 |
| 45 | Arkansas | $35,775 | $17.20 |
| 46 | Vermont | $37,120 | $17.85 |
| 47 | Ohio | $35,659 | $17.14 |
| 48 | Oklahoma | $35,540 | $17.09 |
| 49 | West Virginia | $34,901 | $16.78 |
| 50 | Maine | $34,703 | $16.68 |
| 51 | South Dakota | $31,038 | $14.92 |
Highest paying cities for loss mitigation specialists
The highest-paying cities for loss mitigation specialists are Virginia Beach, VA, Mount Laurel, NJ, and San Jose, CA.
| Rank | City | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | Virginia Beach, VA | $50,074 | $24.07 |
| 2 | Mount Laurel, NJ | $50,034 | $24.05 |
| 3 | San Jose, CA | $47,311 | $22.75 |
| 4 | New York, NY | $45,473 | $21.86 |
| 5 | Hartford, CT | $44,657 | $21.47 |
| 6 | Atlanta, GA | $44,313 | $21.30 |
| 7 | Tucson, AZ | $43,835 | $21.07 |
| 8 | Springfield, IL | $43,347 | $20.84 |
| 9 | San Antonio, TX | $42,921 | $20.64 |
| 10 | Birmingham, AL | $42,532 | $20.45 |
| 11 | Minneapolis, MN | $42,420 | $20.39 |
| 12 | Seattle, WA | $42,118 | $20.25 |
| 13 | Troy, MI | $41,591 | $20.00 |
| 14 | Greenville, SC | $40,285 | $19.37 |
| 15 | Raleigh, NC | $38,940 | $18.72 |
| 16 | Metairie, LA | $38,844 | $18.68 |
| 17 | Des Moines, IA | $38,537 | $18.53 |
| 18 | Tigard, OR | $38,035 | $18.29 |
| 19 | Palm Beach Gardens, FL | $37,645 | $18.10 |
| 20 | Little Rock, AR | $35,982 | $17.30 |
Loss Mitigation Specialist salary details
A loss mitigation specialist's salary ranges from $34,000 a year at the 10th percentile to $54,000 at the 90th percentile.
What is a loss mitigation specialist's salary?
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $54,000 | $4,500 | $26 |
| 75th Percentile | $48,000 | $4,000 | $23 |
| Average | $43,251 | $3,604 | $21 |
| 25th Percentile | $38,000 | $3,167 | $18 |
| 10th Percentile | $34,000 | $2,833 | $16 |
Highest paying loss mitigation specialist jobs
The highest paying types of loss mitigation specialists are loan servicing specialist, negotiator, and specialist.
| Job Title | Annual Salary | Monthly Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| Debt Collector | $33,865 | $2,822 | $16.28 | 23,385 |
| Bill Collector | $35,585 | $2,965 | $17.11 | 23,746 |
| Collector | $34,872 | $2,906 | $16.77 | 23,948 |
| Account Representative | $36,977 | $3,081 | $17.78 | 183,446 |
| Collections, Customer Service | $32,870 | $2,739 | $15.80 | 161,544 |
| Negotiator | $63,632 | $5,303 | $30.59 | 8,748 |
Top companies hiring loss mitigation specialists now:
Which companies pay loss mitigation specialists the most?
Loss mitigation specialist salaries at Accenture and First Citizens Bank are the highest-paying according to our most recent salary estimates. In addition, the average loss mitigation specialist salary at companies like GCR and SEFCU are highly competitive.
| Rank | Company | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | Accenture | $57,476 | $27.63 |
| 2 | First Citizens Bank | $50,854 | $24.45 |
| 3 | GCR | $50,656 | $24.35 |
| 4 | SEFCU | $46,676 | $22.44 |
| 5 | Hills Bank and Trust | $46,588 | $22.40 |
| 6 | Avalon Bay Co | $46,534 | $22.37 |
| 7 | loanDepot | $46,287 | $22.25 |
| 8 | Hope Credit Union | $46,121 | $22.17 |
| 9 | United States Courts | $45,665 | $21.95 |
| 10 | First United Bank | $44,769 | $21.52 |
| 11 | CarringtonRES | $44,644 | $21.46 |
| 12 | Freddie Mac | $44,476 | $21.38 |
| 13 | Cathay Bank | $44,350 | $21.32 |
| 14 | Selene Finance | $44,105 | $21.20 |
| 15 | Connecticut Housing Finance Authority | $44,007 | $21.16 |
| 16 | America First Credit Union | $43,974 | $21.14 |
| 17 | International Business-Government Counsellors | $42,779 | $20.57 |
| 18 | Desert Schools Federal Credit Union | $42,622 | $20.49 |
| 19 | Grandbridge Real Estate Capital | $42,265 | $20.32 |
| 20 | Stock Yards Ban | $42,257 | $20.32 |
Wage gap by gender, race and education
Loss Mitigation Specialist salary trends
The average loss mitigation specialist salary has risen by $7,015 over the last ten years. In 2014, the average loss mitigation specialist earned $36,236 annually, but today, they earn $43,251 a year. That works out to a 8% change in pay for loss mitigation specialists over the last decade.
Compare loss mitigation specialist salaries for cities or states with the national average over time.
Average loss mitigation specialist salary over time
Compare loss mitigation specialist salaries for individual cities or states with the national average.
- National Average
Loss Mitigation Specialist salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2025 | $43,300 | $20.79 | +2.9% |
| 2024 | $42,000 | $20.19 | +2.6% |
| 2023 | $40,900 | $19.66 | +1.9% |
| 2022 | $40,100 | $19.28 | -0.1% |
| 2021 | $40,100 | $19.29 | +2.6% |
Recently added loss mitigation specialist salaries
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| The Legal Aid Society, Inc. | Mitigation Specialist-Homicide Defense Task Force (Hdtf) | New York, NY | 12/11/2024 | $81,195 |
| TD Bank | Loss Mitigation Specialist III-Foreclosure & Legal | Enon, VA | 12/10/2024 | $52,175 |
| Iicrc | Leas Mitigation Specialist | New Brighton, MN | 12/09/2024 | $48,001 |
| Usalliance Financial | Loss Mitigation Specialist II | Chelmsford, MA | 12/08/2024 | $51,132 |
| State of Kansas | Mitigation Specialist Planner | Shawnee, KS | 12/03/2024 | $56,307 |
| Carrington | Remote Loss Mitigation FHA Claims Specialist | Anaheim, CA | 12/01/2024 | $48,001 |
| Rainbow International Restoration | Leas Mitigation Specialist | New Brighton, MN | 12/01/2024 | $48,001 |
| Kathon Enterprises Inc. Dba Paul Davis Restoration of Charlotte | Mitigation Specialist | Charlotte, NC | 11/28/2024 | $35,479 |
| Cornerstone Staffing | Loss Mitigation Specialist | Irving, TX | 11/25/2024 | $37,566 |
| Carrington | Remote Loss Mitigation FHA Claims Specialist | Boston, MA | 11/21/2024 | $48,001 |
Loss Mitigation Specialist salary FAQs
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