Loss Mitigation is a process that is used to renegotiate client loan. Financial analysis- Is a tool used by all lenders or servicers to determine what loss mitigation options will work for this particular situation. Servicers report that two of the biggest hurdles are getting borrowers to provide the financial information needed to assess what is a match as well as overcoming the limitations of low income and wealth. Financial literacy programs play a critical role in helping borrowers make informed decisions when looking to purchase a home and when they run into trouble as homeowners. Investigate a new career in Loss Mitigation Training today.