Home > Salary > Cameroon > 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: 753,879 XAF
Estimated Monthly Salary: 62,823 XAF
Estimated Weekly Salary: 14,498 XAF per week
Estimated Hourly Salary: 362 XAF per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 60,588 XAF
Estimated Weekly Salary: 13,982 XAF per week
Estimated Hourly Salary: 350 XAF per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 1,166 USD
Estimated Monthly Salary: 97 USD
Estimated Weekly Salary: 22 USD per week
Estimated Hourly Salary: 1 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: 753,879 XAF
Estimated Monthly Salary: 62,823 XAF
Estimated Weekly Salary: 14,498 XAF per week
Estimated Hourly Salary: 362 XAF per hour
By working as Loss Mitigation Specialist a person can save up to 31 USD per month or 369 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 Cameroon, see costs of living in Cameroon.
Estimated Yearly Salary for Loss Mitigation Specialist
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Loss Mitigation Specialist salary in Cameroon
Average Yearly Salary of Loss Mitigation Specialist in Cameroon is approximately 753,879 XAF (1,166 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: 753,879 XAF
Estimated Monthly Salary: 62,823 XAF
Estimated Weekly Salary: 14,498 XAF per week
Estimated Hourly Salary: 362 XAF per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 727,056 XAFEstimated Monthly Salary: 60,588 XAF
Estimated Weekly Salary: 13,982 XAF per week
Estimated Hourly Salary: 350 XAF per hour
Last revision of data: 2024-01-06Loss Mitigation Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 1,166 USD
Estimated Monthly Salary: 97 USD
Estimated Weekly Salary: 22 USD per week
Estimated Hourly Salary: 1 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
Compare salary to other countries
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Salary comparison to National average
Cameroon, located in Central Africa, is a diverse and culturally rich country. With a population of approximately 26 million people, it is one of the most populous nations on the continent. The country spans an area of around 475,440 square kilometers, making it slightly larger than Sweden.
Estimated national average yearly salary is 987,534 XAF (1,660 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in Cameroon.
Comparison shows that a person working as Loss Mitigation Specialist in Cameroon earns on average:
0.76 times the average salary (or 76% of average salary).
Estimated national average yearly salary is 987,534 XAF (1,660 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in Cameroon.
Comparison shows that a person working as Loss Mitigation Specialist in Cameroon earns on average:
0.76 times the average salary (or 76% of average salary).
Is Loss Mitigation Specialist a well paid job?
No, our data shows that Loss Mitigation Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Loss Mitigation Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Loss Mitigation Specialist?
High salary for Loss Mitigation Specialist would be somewhere between 829,267 XAF and 1,093,125 XAF. However this is an estimation based on Gaussian Distribution.How much can you save working as Loss Mitigation Specialist in Cameroon?
Living in Cameroon the approximate monthly expenses are: 66 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: 753,879 XAF
Estimated Monthly Salary: 62,823 XAF
Estimated Weekly Salary: 14,498 XAF per week
Estimated Hourly Salary: 362 XAF per hour
By working as Loss Mitigation Specialist a person can save up to 31 USD per month or 369 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 Cameroon, see costs of living in Cameroon.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Nigeria, Chad, Central African Republic, Equatorial Guinea, Gabon, Congo, The Democratic Republic of the Congo.. 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
Nigeria is 3,594 USD
Congo is 1,683 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 Cameroon
(11,250,221 XAF per year, pre-tax.)
2. Cardiologist
(9,367,644 XAF per year, pre-tax.)
(9,012,293 XAF per year, pre-tax.)
(8,759,043 XAF per year, pre-tax.)
5. Neurosurgeon
(8,739,351 XAF per year, pre-tax.)
(8,552,704 XAF per year, pre-tax.)
(8,541,445 XAF per year, pre-tax.)
(8,537,195 XAF per year, pre-tax.)
(8,530,719 XAF per year, pre-tax.)
10. Urologist
(8,513,192 XAF per year, pre-tax.)
Data as of 2025Random salary:
Dba consultant (1,382,548 XAF per year, pre-tax.)
Quality improvement manager (1,155,296 XAF per year, pre-tax.)
Scrubber machine tender (543,144 XAF per year, pre-tax.)
Chief privacy security officer (1,906,060 XAF per year, pre-tax.)
Instrumentation engineering technician (1,148,904 XAF per year, pre-tax.)
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