Home > Salary > New Zealand > 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: 67,831 NZD
Estimated Monthly Salary: 5,653 NZD
Estimated Weekly Salary: 1,304 NZD per week
Estimated Hourly Salary: 33 NZD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,458 NZD
Estimated Weekly Salary: 1,260 NZD per week
Estimated Hourly Salary: 31 NZD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 33,838 USD
Estimated Monthly Salary: 2,820 USD
Estimated Weekly Salary: 651 USD per week
Estimated Hourly Salary: 16 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: 67,831 NZD
Estimated Monthly Salary: 5,653 NZD
Estimated Weekly Salary: 1,304 NZD per week
Estimated Hourly Salary: 33 NZD per hour
By working as Loss Mitigation Specialist a person can save up to 881 USD per month or 10,577 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 New Zealand, see costs of living in New Zealand.
Estimated Yearly Salary for Loss Mitigation Specialist
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Account supervisor advertising (109,090 NZD per year, pre-tax.)
Osteopath (99,393 NZD per year, pre-tax.)
Emergency department manager (178,988 NZD per year, pre-tax.)
Director of revenue management (137,372 NZD per year, pre-tax.)
Referrals representative (65,498 NZD per year, pre-tax.)
Loss Mitigation Specialist salary in New Zealand
Average Yearly Salary of Loss Mitigation Specialist in New Zealand is approximately 67,831 NZD (33,838 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: 67,831 NZD
Estimated Monthly Salary: 5,653 NZD
Estimated Weekly Salary: 1,304 NZD per week
Estimated Hourly Salary: 33 NZD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 65,498 NZDEstimated Monthly Salary: 5,458 NZD
Estimated Weekly Salary: 1,260 NZD per week
Estimated Hourly Salary: 31 NZD 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: 33,838 USD
Estimated Monthly Salary: 2,820 USD
Estimated Weekly Salary: 651 USD per week
Estimated Hourly Salary: 16 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
Compare salary to other countries
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Salary comparison to National average
New Zealand, a beautiful island country in the southwestern Pacific Ocean, is known for its stunning landscapes, diverse wildlife, and vibrant Maori culture. With a population of around 5 million people, it is sparsely populated compared to its size. The country covers an area of approximately 268,000 square kilometers and consists of two main islands, the North Island and the South Island, along with numerous smaller islands.
Estimated national average yearly salary is 80,807 NZD (48,460 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in New Zealand.
Comparison shows that a person working as Loss Mitigation Specialist in New Zealand earns on average:
0.84 times the average salary (or 84% of average salary).
Estimated national average yearly salary is 80,807 NZD (48,460 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in New Zealand.
Comparison shows that a person working as Loss Mitigation Specialist in New Zealand earns on average:
0.84 times the average salary (or 84% of average salary).
Is Loss Mitigation Specialist a well paid job?
Yes, our data show that Loss Mitigation 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 Loss Mitigation Specialist?
High salary for Loss Mitigation Specialist would be somewhere between 74,614 NZD and 98,355 NZD. However this is an estimation based on Gaussian Distribution.How much can you save working as Loss Mitigation Specialist in New Zealand?
Living in New Zealand the approximate monthly expenses are: 1,938 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: 67,831 NZD
Estimated Monthly Salary: 5,653 NZD
Estimated Weekly Salary: 1,304 NZD per week
Estimated Hourly Salary: 33 NZD per hour
By working as Loss Mitigation Specialist a person can save up to 881 USD per month or 10,577 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 New Zealand, see costs of living in New Zealand.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Australia, Fiji, New Caledonia, Tonga, Samoa. 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
Australia is 42,285 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 New Zealand
(1,008,623 NZD per year, pre-tax.)
2. Cardiologist
(843,890 NZD per year, pre-tax.)
(810,735 NZD per year, pre-tax.)
(786,864 NZD per year, pre-tax.)
5. Neurosurgeon
(786,039 NZD per year, pre-tax.)
(769,764 NZD per year, pre-tax.)
7. Oncologist
(768,008 NZD per year, pre-tax.)
(767,682 NZD per year, pre-tax.)
(767,202 NZD per year, pre-tax.)
(766,991 NZD per year, pre-tax.)
Data as of 2025Random salary:
Account supervisor advertising (109,090 NZD per year, pre-tax.)
Osteopath (99,393 NZD per year, pre-tax.)
Emergency department manager (178,988 NZD per year, pre-tax.)
Director of revenue management (137,372 NZD per year, pre-tax.)
Referrals representative (65,498 NZD per year, pre-tax.)
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