Home > Salary > Singapore > 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: 94,046 SGD
Estimated Monthly Salary: 7,837 SGD
Estimated Weekly Salary: 1,809 SGD per week
Estimated Hourly Salary: 45 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,569 SGD
Estimated Weekly Salary: 1,747 SGD per week
Estimated Hourly Salary: 44 SGD per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 46,965 USD
Estimated Monthly Salary: 3,914 USD
Estimated Weekly Salary: 903 USD per week
Estimated Hourly Salary: 23 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: 94,046 SGD
Estimated Monthly Salary: 7,837 SGD
Estimated Weekly Salary: 1,809 SGD per week
Estimated Hourly Salary: 45 SGD per hour
By working as Loss Mitigation Specialist a person can save up to 1,226 USD per month or 14,709 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 Singapore, see costs of living in Singapore.
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 Singapore
Average Yearly Salary of Loss Mitigation Specialist in Singapore is approximately 94,046 SGD (46,965 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: 94,046 SGD
Estimated Monthly Salary: 7,837 SGD
Estimated Weekly Salary: 1,809 SGD per week
Estimated Hourly Salary: 45 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 90,828 SGDEstimated Monthly Salary: 7,569 SGD
Estimated Weekly Salary: 1,747 SGD per week
Estimated Hourly Salary: 44 SGD per hour
Last revision of data: 2024-01-08Loss Mitigation Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 46,965 USD
Estimated Monthly Salary: 3,914 USD
Estimated Weekly Salary: 903 USD per week
Estimated Hourly Salary: 23 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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Country:
Salary comparison to National average
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in Singapore.
Comparison shows that a person working as Loss Mitigation Specialist in Singapore earns on average:
0.99 times the average salary (or 99% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in Singapore.
Comparison shows that a person working as Loss Mitigation Specialist in Singapore earns on average:
0.99 times the average salary (or 99% 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 103,451 SGD and 136,367 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Loss Mitigation Specialist in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 94,046 SGD
Estimated Monthly Salary: 7,837 SGD
Estimated Weekly Salary: 1,809 SGD per week
Estimated Hourly Salary: 45 SGD per hour
By working as Loss Mitigation Specialist a person can save up to 1,226 USD per month or 14,709 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. 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
Malaysia is 12,396 USD
Indonesia is 7,393 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 Singapore
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Data as of 2025Random salary:
Design specialist kitchen bath (96,688 SGD per year, pre-tax.)
Enterprise architecture director (405,794 SGD per year, pre-tax.)
Payroll benefits team lead (93,545 SGD per year, pre-tax.)
Director of program management information technology (it) (398,542 SGD per year, pre-tax.)
Physician doctor physiatrist (352,895 SGD per year, pre-tax.)
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