Home > Salary > Ethiopia > 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: 80,466 ETB
Estimated Monthly Salary: 6,706 ETB
Estimated Weekly Salary: 1,547 ETB per week
Estimated Hourly Salary: 39 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,490 ETB
Estimated Weekly Salary: 1,498 ETB per week
Estimated Hourly Salary: 37 ETB per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 1,345 USD
Estimated Monthly Salary: 112 USD
Estimated Weekly Salary: 26 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 80,466 ETB
Estimated Monthly Salary: 6,706 ETB
Estimated Weekly Salary: 1,547 ETB per week
Estimated Hourly Salary: 39 ETB per hour
By working as Loss Mitigation Specialist a person can save up to 35 USD per month or 423 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 Ethiopia, see costs of living in Ethiopia.
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 Ethiopia
Average Yearly Salary of Loss Mitigation Specialist in Ethiopia is approximately 80,466 ETB (1,345 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: 80,466 ETB
Estimated Monthly Salary: 6,706 ETB
Estimated Weekly Salary: 1,547 ETB per week
Estimated Hourly Salary: 39 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 77,880 ETBEstimated Monthly Salary: 6,490 ETB
Estimated Weekly Salary: 1,498 ETB per week
Estimated Hourly Salary: 37 ETB per hour
Last revision of data: 2024-01-08Loss Mitigation Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 1,345 USD
Estimated Monthly Salary: 112 USD
Estimated Weekly Salary: 26 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Loss Mitigation Specialist in Ethiopia earns on average:
0.76 times the average salary (or 76% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Loss Mitigation Specialist in Ethiopia 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 88,513 ETB and 116,676 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Loss Mitigation Specialist in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 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: 80,466 ETB
Estimated Monthly Salary: 6,706 ETB
Estimated Weekly Salary: 1,547 ETB per week
Estimated Hourly Salary: 39 ETB per hour
By working as Loss Mitigation Specialist a person can save up to 35 USD per month or 423 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 Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. 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
Sudan is 531 USD
Kenya is 4,204 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 Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Game warden (96,777 ETB per year, pre-tax.)
Cook institution and cafeteria (49,430 ETB per year, pre-tax.)
Cable installer electrical (89,698 ETB per year, pre-tax.)
Tv camera operator (94,753 ETB per year, pre-tax.)
Aircraft engine mechanic (137,776 ETB per year, pre-tax.)
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