Loss Mitigation is the process of negotiating a solution to foreclosure. This is not a new process but one that has been around for years and has helped many homeowners keep their home out of foreclosure while saving mortgage holders from losing money and becoming landlords. Loss mitigation is no different. It all starts with the right system, the proper analytics and early intervention. Loss Mitigation is a legitimate, growing industry that opens many doors to financial independence for new entrepreneurs. Loss Mitigation Consultants are needed in most states.