Home > Salary > Iraq > 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: 6,205,862 IQD
Estimated Monthly Salary: 517,155 IQD
Estimated Weekly Salary: 119,344 IQD per week
Estimated Hourly Salary: 2,984 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 500,793 IQD
Estimated Weekly Salary: 115,568 IQD per week
Estimated Hourly Salary: 2,889 IQD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 4,200 USD
Estimated Monthly Salary: 350 USD
Estimated Weekly Salary: 81 USD per week
Estimated Hourly Salary: 2 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: 6,205,862 IQD
Estimated Monthly Salary: 517,155 IQD
Estimated Weekly Salary: 119,344 IQD per week
Estimated Hourly Salary: 2,984 IQD per hour
By working as Loss Mitigation Specialist a person can save up to 110 USD per month or 1,320 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 Iraq, see costs of living in Iraq.
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 Iraq
Average Yearly Salary of Loss Mitigation Specialist in Iraq is approximately 6,205,862 IQD (4,200 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: 6,205,862 IQD
Estimated Monthly Salary: 517,155 IQD
Estimated Weekly Salary: 119,344 IQD per week
Estimated Hourly Salary: 2,984 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 6,009,510 IQDEstimated Monthly Salary: 500,793 IQD
Estimated Weekly Salary: 115,568 IQD per week
Estimated Hourly Salary: 2,889 IQD per hour
Last revision of data: 2024-01-03Loss Mitigation Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,200 USD
Estimated Monthly Salary: 350 USD
Estimated Weekly Salary: 81 USD per week
Estimated Hourly Salary: 2 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
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Salary comparison to National average
Iraq, a nation in the Middle East, possesses vast oil reserves, fueling its economy and global energy trade. Key industries include oil and gas extraction, agriculture, and a burgeoning construction sector as the nation rebuilds its infrastructure. The rich historical and cultural heritage also draws tourists. However, Iraq faces challenges including political instability and security concerns. Despite these, the country exhibits economic potential and a resilient population, striving to rebuild and diversify its economy beyond oil and embrace a future of growth and stability.
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in Iraq.
Comparison shows that a person working as Loss Mitigation Specialist in Iraq earns on average:
0.76 times the average salary (or 76% of average salary).
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in Iraq.
Comparison shows that a person working as Loss Mitigation Specialist in Iraq 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 6,826,448 IQD and 8,998,500 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Loss Mitigation Specialist in Iraq?
Living in Iraq the approximate monthly expenses are: 240 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: 6,205,862 IQD
Estimated Monthly Salary: 517,155 IQD
Estimated Weekly Salary: 119,344 IQD per week
Estimated Hourly Salary: 2,984 IQD per hour
By working as Loss Mitigation Specialist a person can save up to 110 USD per month or 1,320 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 Iraq, see costs of living in Iraq.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Iran, Jordan, Kuwait, Saudi Arabia, Syria, Turkey. 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
Iran is 5,512 USD
Jordan is 6,643 USD
Kuwait is 9,342 USD
Saudi Arabia is 19,267 USD
Syria is 2,557 USD
Turkey is 7,389 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 Iraq
(93,035,848 IQD per year, pre-tax.)
2. Cardiologist
(77,420,383 IQD per year, pre-tax.)
(74,436,118 IQD per year, pre-tax.)
4. Neurosurgeon
(72,585,795 IQD per year, pre-tax.)
(72,416,543 IQD per year, pre-tax.)
(70,778,229 IQD per year, pre-tax.)
(70,769,927 IQD per year, pre-tax.)
(70,594,393 IQD per year, pre-tax.)
9. Urologist
(70,443,660 IQD per year, pre-tax.)
10. Oncologist
(70,429,777 IQD per year, pre-tax.)
Data as of 2025Random salary:
E-commerce marketing analyst (7,752,000 IQD per year, pre-tax.)
Streetsweeper operator (4,488,000 IQD per year, pre-tax.)
Applications development director it information systems (20,563,200 IQD per year, pre-tax.)
Hr intern (3,677,190 IQD per year, pre-tax.)
Dressmaker (3,388,783 IQD per year, pre-tax.)
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