Home > Salary > South Africa > 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: 94,497 ZAR
Estimated Monthly Salary: 7,875 ZAR
Estimated Weekly Salary: 1,817 ZAR per week
Estimated Hourly Salary: 45 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,637 ZAR
Estimated Weekly Salary: 1,762 ZAR per week
Estimated Hourly Salary: 44 ZAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 4,733 USD
Estimated Monthly Salary: 394 USD
Estimated Weekly Salary: 91 USD per week
Estimated Hourly Salary: 2 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: 94,497 ZAR
Estimated Monthly Salary: 7,875 ZAR
Estimated Weekly Salary: 1,817 ZAR per week
Estimated Hourly Salary: 45 ZAR per hour
By working as Loss Mitigation Specialist a person can save up to 123 USD per month or 1,479 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 South Africa, see costs of living in South Africa.
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 South Africa
Average Yearly Salary of Loss Mitigation Specialist in South Africa is approximately 94,497 ZAR (4,733 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: 94,497 ZAR
Estimated Monthly Salary: 7,875 ZAR
Estimated Weekly Salary: 1,817 ZAR per week
Estimated Hourly Salary: 45 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 91,640 ZAREstimated Monthly Salary: 7,637 ZAR
Estimated Weekly Salary: 1,762 ZAR per week
Estimated Hourly Salary: 44 ZAR 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: 4,733 USD
Estimated Monthly Salary: 394 USD
Estimated Weekly Salary: 91 USD per week
Estimated Hourly Salary: 2 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
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Salary comparison to National average
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in South Africa.
Comparison shows that a person working as Loss Mitigation Specialist in South Africa earns on average:
0.74 times the average salary (or 74% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Loss Mitigation Specialist job salary compared to average salary in South Africa.
Comparison shows that a person working as Loss Mitigation Specialist in South Africa earns on average:
0.74 times the average salary (or 74% of average salary).
Is Loss Mitigation Specialist a well paid job?
No, our data shows that Loss Mitigation Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Loss Mitigation Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Loss Mitigation Specialist?
High salary for Loss Mitigation Specialist would be somewhere between 103,947 ZAR and 137,021 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loss Mitigation Specialist in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 94,497 ZAR
Estimated Monthly Salary: 7,875 ZAR
Estimated Weekly Salary: 1,817 ZAR per week
Estimated Hourly Salary: 45 ZAR per hour
By working as Loss Mitigation Specialist a person can save up to 123 USD per month or 1,479 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. 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
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 South Africa
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Data as of 2025Random salary:
Real estate asset manager (224,660 ZAR per year, pre-tax.)
Film festival director (108,819 ZAR per year, pre-tax.)
Probation officer (89,742 ZAR per year, pre-tax.)
Medical residency coordinator (109,185 ZAR per year, pre-tax.)
Medical director psychiatry (583,995 ZAR per year, pre-tax.)
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Please note:The salary figures presented here are meant for reference purposes only.
The salary data presented here are intended for informational purposes solely. While we attempt to ensure accuracy, we do not guarantee every estimate is flawless. Users should to confirm salary details with official sources before making critical financial decisions. Salary ranges may change due to economic shifts, demand variations, and regional factors. We deny responsibility for inaccuracies in the compensation data displayed.
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