Home > Salary > Latvia > Residential Loan Processor
A residential loan processor is responsible for facilitating the loan application process for individuals seeking to purchase or refinance a residential property. They work closely with loan officers, borrowers, and underwriters to ensure that all necessary documentation is collected and processed accurately and efficiently. Their primary duties include reviewing loan applications, verifying borrower information, ordering appraisals and title reports, preparing loan files, and coordinating with various parties involved in the loan process. Additionally, they may assist in resolving any issues or discrepancies that arise during the loan approval process.
Estimated Yearly Salary: 14,031 EUR
Estimated Monthly Salary: 1,169 EUR
Estimated Weekly Salary: 270 EUR per week
Estimated Hourly Salary: 7 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,133 EUR
Estimated Weekly Salary: 261 EUR per week
Estimated Hourly Salary: 7 EUR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 14,083 USD
Estimated Monthly Salary: 1,174 USD
Estimated Weekly Salary: 271 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: 14,031 EUR
Estimated Monthly Salary: 1,169 EUR
Estimated Weekly Salary: 270 EUR per week
Estimated Hourly Salary: 7 EUR per hour
By working as Residential Loan Processor a person can save up to 314 USD per month or 3,763 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 Residential Loan Processor
Last revision of data: 2025-01-04
Data as of 2025
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Residential Loan Processor salary in Latvia
Average Yearly Salary of Residential Loan Processor in Latvia is approximately 14,031 EUR (14,083 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 Residential Loan Processor do?
A residential loan processor is responsible for facilitating the loan application process for individuals seeking to purchase or refinance a residential property. They work closely with loan officers, borrowers, and underwriters to ensure that all necessary documentation is collected and processed accurately and efficiently. Their primary duties include reviewing loan applications, verifying borrower information, ordering appraisals and title reports, preparing loan files, and coordinating with various parties involved in the loan process. Additionally, they may assist in resolving any issues or discrepancies that arise during the loan approval process.
Skills: residential loan processor, mortgage processing, loan application, loan documentation, loan coordination, loan approval
Job industry: Finance
Job industry: Finance
How much does Residential Loan Processor make?
Salary details
How much does Residential Loan Processor make?Estimated Yearly Salary: 14,031 EUR
Estimated Monthly Salary: 1,169 EUR
Estimated Weekly Salary: 270 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: 13,592 EUREstimated Monthly Salary: 1,133 EUR
Estimated Weekly Salary: 261 EUR per week
Estimated Hourly Salary: 7 EUR per hour
Last revision of data: 2024-01-09Residential Loan Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 14,083 USD
Estimated Monthly Salary: 1,174 USD
Estimated Weekly Salary: 271 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 Residential Loan Processor job salary compared to average salary in Latvia.
Comparison shows that a person working as Residential Loan Processor in Latvia earns on average:
0.72 times the average salary (or 72% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Residential Loan Processor job salary compared to average salary in Latvia.
Comparison shows that a person working as Residential Loan Processor in Latvia earns on average:
0.72 times the average salary (or 72% of average salary).
Is Residential Loan Processor a well paid job?
No, our data shows that Residential Loan Processor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Residential Loan Processor might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Residential Loan Processor?
High salary for Residential Loan Processor would be somewhere between 15,434 EUR and 20,345 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Residential Loan Processor 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: 14,031 EUR
Estimated Monthly Salary: 1,169 EUR
Estimated Weekly Salary: 270 EUR per week
Estimated Hourly Salary: 7 EUR per hour
By working as Residential Loan Processor a person can save up to 314 USD per month or 3,763 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 Residential Loan Processor
Estonia is 18,079 USD
Russia is 8,364 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.)
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(186,760 EUR per year, pre-tax.)
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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:
Assistant media planner buyer (13,304 EUR per year, pre-tax.)
Vice president (vp), operations and administration (50,620 EUR per year, pre-tax.)
Real estate assessor (21,092 EUR per year, pre-tax.)
Scada programmer (20,918 EUR per year, pre-tax.)
Artificial intelligence engineer (51,158 EUR per year, pre-tax.)
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