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The Loss Mitigation Specialist I at Dovenmuehle Mortgage, Inc. is responsible for mitigating potential losses on delinquent loans through various alternatives such as pre-foreclosure sales, modifications, and repayment agreements. The role focuses on reducing losses to borrowers, investors, and clients by preventing loans from going into foreclosure. This position requires managing loan files, evaluating borrower applications, negotiating terms, and ensuring compliance with regulations.