What does loss mitigation mean?
Definitions for loss mitigation
loss mit·i·ga·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word loss mitigation.
Wikipedia
Loss mitigation
Loss mitigation is used to describe a third party helping a homeowner, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of negotiation between a homeowner and the homeowner's lender. Loss mitigation works to negotiate mortgage terms for the homeowner that will prevent foreclosure. These new terms are typically obtained through loan modification, short sale negotiation, short refinance negotiation, deed in lieu of foreclosure, cash-for-keys negotiation, a partial claim loan, repayment plan, forbearance, or other loan work-out. All of the options serve the same purpose, to stabilize the risk of loss the lender (investor) is in danger of realizing../
Numerology
Chaldean Numerology
The numerical value of loss mitigation in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of loss mitigation in Pythagorean Numerology is: 2
Translations for loss mitigation
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"loss mitigation." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/loss+mitigation>.
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