Home > Salary > Iceland > Mortgage Clerk
A mortgage clerk is responsible for assisting in the processing and documentation of mortgage loans. Their primary role involves gathering and verifying financial information, such as income, credit history, and employment details, from loan applicants. They also review loan applications for completeness and accuracy, ensuring all necessary documents are included. Mortgage clerks work closely with loan officers and underwriters to ensure a smooth loan approval process. They may communicate with borrowers, lenders, and other parties involved in the mortgage transaction to request additional information or clarify details. Additionally, they maintain accurate records of loan applications and update loan files as needed. Attention to detail, strong organizational skills, and knowledge of mortgage regulations and procedures are essential for success in this occupation.
Estimated Yearly Salary: 7,241,009 ISK
Estimated Monthly Salary: 603,417 ISK
Estimated Weekly Salary: 139,250 ISK per week
Estimated Hourly Salary: 3,481 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 584,834 ISK
Estimated Weekly Salary: 134,962 ISK per week
Estimated Hourly Salary: 3,374 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 50,861 USD
Estimated Monthly Salary: 4,238 USD
Estimated Weekly Salary: 978 USD per week
Estimated Hourly Salary: 24 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: 7,241,009 ISK
Estimated Monthly Salary: 603,417 ISK
Estimated Weekly Salary: 139,250 ISK per week
Estimated Hourly Salary: 3,481 ISK per hour
By working as Mortgage Clerk a person can save up to 1,510 USD per month or 18,115 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 Iceland, see costs of living in Iceland.
Estimated Yearly Salary for Mortgage Clerk
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Service team leader (4,922,380 ISK per year, pre-tax.)
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Junior software engineer (10,023,703 ISK per year, pre-tax.)
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Mortgage Clerk salary in Iceland
Average Yearly Salary of Mortgage Clerk in Iceland is approximately 7,241,009 ISK (50,861 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 Mortgage Clerk do?
A mortgage clerk is responsible for assisting in the processing and documentation of mortgage loans. Their primary role involves gathering and verifying financial information, such as income, credit history, and employment details, from loan applicants. They also review loan applications for completeness and accuracy, ensuring all necessary documents are included. Mortgage clerks work closely with loan officers and underwriters to ensure a smooth loan approval process. They may communicate with borrowers, lenders, and other parties involved in the mortgage transaction to request additional information or clarify details. Additionally, they maintain accurate records of loan applications and update loan files as needed. Attention to detail, strong organizational skills, and knowledge of mortgage regulations and procedures are essential for success in this occupation.
Skills: Mortgage clerk, Loan processing, Documentation, Financial verification, Loan application, Mortgage regulations
Job industry: Finance
Job industry: Finance
How much does Mortgage Clerk make?
Salary details
How much does Mortgage Clerk make?Estimated Yearly Salary: 7,241,009 ISK
Estimated Monthly Salary: 603,417 ISK
Estimated Weekly Salary: 139,250 ISK per week
Estimated Hourly Salary: 3,481 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,018,011 ISKEstimated Monthly Salary: 584,834 ISK
Estimated Weekly Salary: 134,962 ISK per week
Estimated Hourly Salary: 3,374 ISK per hour
Last revision of data: 2024-01-03Mortgage Clerk estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 50,861 USD
Estimated Monthly Salary: 4,238 USD
Estimated Weekly Salary: 978 USD per week
Estimated Hourly Salary: 24 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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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Clerk job salary compared to average salary in Iceland.
Comparison shows that a person working as Mortgage Clerk in Iceland earns on average:
0.81 times the average salary (or 81% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Clerk job salary compared to average salary in Iceland.
Comparison shows that a person working as Mortgage Clerk in Iceland earns on average:
0.81 times the average salary (or 81% of average salary).
Is Mortgage Clerk a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Mortgage Clerk?
High salary for Mortgage Clerk would be somewhere between 7,965,110 ISK and 10,499,463 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Mortgage Clerk in Iceland?
Living in Iceland the approximate monthly expenses are: 2,729 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: 7,241,009 ISK
Estimated Monthly Salary: 603,417 ISK
Estimated Weekly Salary: 139,250 ISK per week
Estimated Hourly Salary: 3,481 ISK per hour
By working as Mortgage Clerk a person can save up to 1,510 USD per month or 18,115 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 Iceland, see costs of living in Iceland.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Norway, Faroe Islands, United Kingdom. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Mortgage Clerk
Norway is 70,892 USD
United Kingdom is 33,433 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 Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Service team leader (4,922,380 ISK per year, pre-tax.)
Treasury director (18,030,348 ISK per year, pre-tax.)
Ror developer (17,651,491 ISK per year, pre-tax.)
Junior software engineer (10,023,703 ISK per year, pre-tax.)
Human resources manager (13,956,664 ISK per year, pre-tax.)
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