Home > Salary > Australia > Loss Mitigation Specialist
A loss mitigation specialist is an individual who works in the financial industry, specifically in the field of mortgage loans. Their primary responsibility is to assess and manage the risk associated with delinquent or defaulted loans. They work closely with borrowers who are facing financial difficulties to find viable solutions that will help them avoid foreclosure. This involves reviewing financial documents, analyzing loan terms, negotiating with borrowers, and recommending appropriate alternatives such as loan modifications, repayment plans, or short sales.
Estimated Yearly Salary: 84,798 AUD
Estimated Monthly Salary: 7,067 AUD
Estimated Weekly Salary: 1,631 AUD per week
Estimated Hourly Salary: 41 AUD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,807 AUD
Estimated Weekly Salary: 1,571 AUD per week
Estimated Hourly Salary: 39 AUD per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 42,285 USD
Estimated Monthly Salary: 3,524 USD
Estimated Weekly Salary: 813 USD per week
Estimated Hourly Salary: 20 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 84,798 AUD
Estimated Monthly Salary: 7,067 AUD
Estimated Weekly Salary: 1,631 AUD per week
Estimated Hourly Salary: 41 AUD per hour
By working as Loss Mitigation Specialist a person can save up to 1,107 USD per month or 13,279 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Estimated Yearly Salary for Loss Mitigation Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Loss Mitigation Specialist salary in Australia
Average Yearly Salary of Loss Mitigation Specialist in Australia is approximately 84,798 AUD (42,285 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Loss Mitigation Specialist do?
A loss mitigation specialist is an individual who works in the financial industry, specifically in the field of mortgage loans. Their primary responsibility is to assess and manage the risk associated with delinquent or defaulted loans. They work closely with borrowers who are facing financial difficulties to find viable solutions that will help them avoid foreclosure. This involves reviewing financial documents, analyzing loan terms, negotiating with borrowers, and recommending appropriate alternatives such as loan modifications, repayment plans, or short sales.
Skills: Loss mitigation specialist, Mortgage industry, Risk management, Loan modification, Foreclosure prevention, Financial analysis
Job industry: Finance
Job industry: Finance
How much does Loss Mitigation Specialist make?
Salary details
How much does Loss Mitigation Specialist make?Estimated Yearly Salary: 84,798 AUD
Estimated Monthly Salary: 7,067 AUD
Estimated Weekly Salary: 1,631 AUD per week
Estimated Hourly Salary: 41 AUD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 81,678 AUDEstimated Monthly Salary: 6,807 AUD
Estimated Weekly Salary: 1,571 AUD per week
Estimated Hourly Salary: 39 AUD per hour
Last revision of data: 2024-01-05Loss Mitigation Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 42,285 USD
Estimated Monthly Salary: 3,524 USD
Estimated Weekly Salary: 813 USD per week
Estimated Hourly Salary: 20 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
Australia is a vast country located in the southern hemisphere. It has a diverse population of approximately 25 million people. The country spans an area of about 7.7 million square kilometers, making it the sixth-largest country in the world. Australia is surrounded by the Indian and Pacific Oceans and is known for its stunning landscapes, including the Great Barrier Reef, Uluru, and the Outback.
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in Australia.
Comparison shows that a person working as Loss Mitigation Specialist in Australia earns on average:
1.01 times the average salary (or 101% of average salary).
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in Australia.
Comparison shows that a person working as Loss Mitigation Specialist in Australia earns on average:
1.01 times the average salary (or 101% of average salary).
Is Loss Mitigation Specialist a well paid job?
Yes, our data show that Loss Mitigation Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Loss Mitigation Specialist?
High salary for Loss Mitigation Specialist would be somewhere between 93,278 AUD and 122,957 AUD. However this is an estimation based on Gaussian Distribution.How much can you save working as Loss Mitigation Specialist in Australia?
Living in Australia the approximate monthly expenses are: 2,417 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 84,798 AUD
Estimated Monthly Salary: 7,067 AUD
Estimated Weekly Salary: 1,631 AUD per week
Estimated Hourly Salary: 41 AUD per hour
By working as Loss Mitigation Specialist a person can save up to 1,107 USD per month or 13,279 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Indonesia, Papua New Guinea, East Timor. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Loss Mitigation Specialist
Indonesia is 7,393 USD
East Timor is 31,411 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Australia
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4. Neurosurgeon
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8. Oncologist
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10. Plastic surgeon
(958,802 AUD per year, pre-tax.)
Data as of 2025Random salary:
Metrology calibration technician (73,236 AUD per year, pre-tax.)
Assurance manager (121,984 AUD per year, pre-tax.)
Mine shuttle car operator (58,761 AUD per year, pre-tax.)
Tire builder (99,646 AUD per year, pre-tax.)
Senior business consultant advanced process control (apc) (108,596 AUD per year, pre-tax.)
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