Home > Salary > Latvia > Loan Operations Specialist
A loan operations specialist is responsible for managing the operational aspects of loan processing within a financial institution. They ensure that loan applications are accurately processed, documentation is complete, and loan disbursements are made in a timely manner. Their duties include reviewing loan documents, verifying borrower information, coordinating with loan officers and underwriters, and maintaining loan files. They also handle loan servicing activities, such as processing payments, updating loan information, and resolving any issues related to loan accounts. Additionally, loan operations specialists may assist in preparing reports, conducting audits, and ensuring compliance with regulatory requirements.
Estimated Yearly Salary: 14,983 EUR
Estimated Monthly Salary: 1,249 EUR
Estimated Weekly Salary: 288 EUR per week
Estimated Hourly Salary: 7 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,211 EUR
Estimated Weekly Salary: 279 EUR per week
Estimated Hourly Salary: 7 EUR per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 15,074 USD
Estimated Monthly Salary: 1,256 USD
Estimated Weekly Salary: 290 USD per week
Estimated Hourly Salary: 7 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: 14,983 EUR
Estimated Monthly Salary: 1,249 EUR
Estimated Weekly Salary: 288 EUR per week
Estimated Hourly Salary: 7 EUR per hour
By working as Loan Operations Specialist a person can save up to 396 USD per month or 4,754 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 Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Loan Operations Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Loan Operations Specialist salary in Latvia
Average Yearly Salary of Loan Operations Specialist in Latvia is approximately 14,983 EUR (15,074 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 Loan Operations Specialist do?
A loan operations specialist is responsible for managing the operational aspects of loan processing within a financial institution. They ensure that loan applications are accurately processed, documentation is complete, and loan disbursements are made in a timely manner. Their duties include reviewing loan documents, verifying borrower information, coordinating with loan officers and underwriters, and maintaining loan files. They also handle loan servicing activities, such as processing payments, updating loan information, and resolving any issues related to loan accounts. Additionally, loan operations specialists may assist in preparing reports, conducting audits, and ensuring compliance with regulatory requirements.
Skills: loan operations, loan processing, loan documentation, loan servicing, financial institution, compliance.
Job industry: Banking
Job industry: Banking
How much does Loan Operations Specialist make?
Salary details
How much does Loan Operations Specialist make?Estimated Yearly Salary: 14,983 EUR
Estimated Monthly Salary: 1,249 EUR
Estimated Weekly Salary: 288 EUR per week
Estimated Hourly Salary: 7 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 14,530 EUREstimated Monthly Salary: 1,211 EUR
Estimated Weekly Salary: 279 EUR per week
Estimated Hourly Salary: 7 EUR per hour
Last revision of data: 2024-01-05Loan Operations Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 15,074 USD
Estimated Monthly Salary: 1,256 USD
Estimated Weekly Salary: 290 USD per week
Estimated Hourly Salary: 7 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
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Loan Operations Specialist job salary compared to average salary in Latvia.
Comparison shows that a person working as Loan Operations Specialist in Latvia earns on average:
0.77 times the average salary (or 77% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Loan Operations Specialist job salary compared to average salary in Latvia.
Comparison shows that a person working as Loan Operations Specialist in Latvia earns on average:
0.77 times the average salary (or 77% of average salary).
Is Loan Operations Specialist a well paid job?
No, our data shows that Loan Operations Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Loan Operations Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Loan Operations Specialist?
High salary for Loan Operations Specialist would be somewhere between 16,481 EUR and 21,725 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Operations Specialist in Latvia?
Living in Latvia the approximate monthly expenses are: 860 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: 14,983 EUR
Estimated Monthly Salary: 1,249 EUR
Estimated Weekly Salary: 288 EUR per week
Estimated Hourly Salary: 7 EUR per hour
By working as Loan Operations Specialist a person can save up to 396 USD per month or 4,754 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 Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Loan Operations Specialist
Estonia is 19,319 USD
Russia is 8,978 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 Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Medical director medicine (69,151 EUR per year, pre-tax.)
Guest services representative (10,641 EUR per year, pre-tax.)
Environmental health practitioner (20,188 EUR per year, pre-tax.)
Director of tutoring (15,040 EUR per year, pre-tax.)
Training coordinator (21,326 EUR per year, pre-tax.)
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