Home > Salary > Latvia > Mortgage Loan Specialist
A mortgage loan specialist is a professional who assists individuals in securing mortgage loans for purchasing or refinancing properties. They work closely with clients to understand their financial goals and guide them through the loan application process. Their responsibilities include collecting and verifying financial documents, evaluating creditworthiness, analyzing loan options, and advising clients on suitable mortgage products. Mortgage loan specialists also collaborate with lenders, underwriters, and other parties to ensure smooth loan processing and timely closing. They stay updated with industry regulations and market trends to provide accurate information and advice to clients. Strong communication and interpersonal skills are essential for building relationships with clients and providing exceptional customer service. Attention to detail, analytical thinking, and problem-solving abilities are crucial for assessing loan applications and identifying potential risks. Overall, mortgage loan specialists play a vital role in helping individuals achieve their homeownership dreams.
Estimated Yearly Salary: 16,063 EUR
Estimated Monthly Salary: 1,339 EUR
Estimated Weekly Salary: 309 EUR per week
Estimated Hourly Salary: 8 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,289 EUR
Estimated Weekly Salary: 297 EUR per week
Estimated Hourly Salary: 7 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 15,953 USD
Estimated Monthly Salary: 1,329 USD
Estimated Weekly Salary: 307 USD per week
Estimated Hourly Salary: 8 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: 16,063 EUR
Estimated Monthly Salary: 1,339 EUR
Estimated Weekly Salary: 309 EUR per week
Estimated Hourly Salary: 8 EUR per hour
By working as Mortgage Loan Specialist a person can save up to 469 USD per month or 5,633 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 Mortgage Loan Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Mortgage Loan Specialist salary in Latvia
Average Yearly Salary of Mortgage Loan Specialist in Latvia is approximately 16,063 EUR (15,953 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 Loan Specialist do?
A mortgage loan specialist is a professional who assists individuals in securing mortgage loans for purchasing or refinancing properties. They work closely with clients to understand their financial goals and guide them through the loan application process. Their responsibilities include collecting and verifying financial documents, evaluating creditworthiness, analyzing loan options, and advising clients on suitable mortgage products. Mortgage loan specialists also collaborate with lenders, underwriters, and other parties to ensure smooth loan processing and timely closing. They stay updated with industry regulations and market trends to provide accurate information and advice to clients. Strong communication and interpersonal skills are essential for building relationships with clients and providing exceptional customer service. Attention to detail, analytical thinking, and problem-solving abilities are crucial for assessing loan applications and identifying potential risks. Overall, mortgage loan specialists play a vital role in helping individuals achieve their homeownership dreams.
Skills: Mortgage loan specialist, Home financing expert, Loan application advisor, Mortgage consultant, Real estate finance specialist, Mortgage loan processor
Job industry: Finance
Job industry: Finance
How much does Mortgage Loan Specialist make?
Salary details
How much does Mortgage Loan Specialist make?Estimated Yearly Salary: 16,063 EUR
Estimated Monthly Salary: 1,339 EUR
Estimated Weekly Salary: 309 EUR per week
Estimated Hourly Salary: 8 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 15,467 EUREstimated Monthly Salary: 1,289 EUR
Estimated Weekly Salary: 297 EUR per week
Estimated Hourly Salary: 7 EUR per hour
Last revision of data: 2024-01-03Mortgage Loan Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 15,953 USD
Estimated Monthly Salary: 1,329 USD
Estimated Weekly Salary: 307 USD per week
Estimated Hourly Salary: 8 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
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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 Mortgage Loan Specialist job salary compared to average salary in Latvia.
Comparison shows that a person working as Mortgage Loan Specialist in Latvia earns on average:
0.82 times the average salary (or 82% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Loan Specialist job salary compared to average salary in Latvia.
Comparison shows that a person working as Mortgage Loan Specialist in Latvia earns on average:
0.82 times the average salary (or 82% of average salary).
Is Mortgage Loan Specialist a well paid job?
Yes, our data show that Mortgage Loan Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Mortgage Loan Specialist?
High salary for Mortgage Loan Specialist would be somewhere between 17,669 EUR and 23,291 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Mortgage Loan 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: 16,063 EUR
Estimated Monthly Salary: 1,339 EUR
Estimated Weekly Salary: 309 EUR per week
Estimated Hourly Salary: 8 EUR per hour
By working as Mortgage Loan Specialist a person can save up to 469 USD per month or 5,633 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 Mortgage Loan Specialist
Estonia is 20,529 USD
Russia is 9,566 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:
Knowledge base administrator (27,673 EUR per year, pre-tax.)
Senior intelligence analyst (29,735 EUR per year, pre-tax.)
Insurance director (46,899 EUR per year, pre-tax.)
Chief legal officer (70,825 EUR per year, pre-tax.)
Soft count clerk (9,715 EUR per year, pre-tax.)
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