Home > Salary > South Africa > 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: 101,001 ZAR
Estimated Monthly Salary: 8,417 ZAR
Estimated Weekly Salary: 1,942 ZAR per week
Estimated Hourly Salary: 49 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 8,130 ZAR
Estimated Weekly Salary: 1,876 ZAR per week
Estimated Hourly Salary: 47 ZAR per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 5,037 USD
Estimated Monthly Salary: 420 USD
Estimated Weekly Salary: 97 USD per week
Estimated Hourly Salary: 2 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: 101,001 ZAR
Estimated Monthly Salary: 8,417 ZAR
Estimated Weekly Salary: 1,942 ZAR per week
Estimated Hourly Salary: 49 ZAR per hour
By working as Mortgage Loan Specialist a person can save up to 149 USD per month or 1,783 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 Mortgage Loan Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Mortgage Loan Specialist salary in South Africa
Average Yearly Salary of Mortgage Loan Specialist in South Africa is approximately 101,001 ZAR (5,037 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: 101,001 ZAR
Estimated Monthly Salary: 8,417 ZAR
Estimated Weekly Salary: 1,942 ZAR per week
Estimated Hourly Salary: 49 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 97,560 ZAREstimated Monthly Salary: 8,130 ZAR
Estimated Weekly Salary: 1,876 ZAR per week
Estimated Hourly Salary: 47 ZAR per hour
Last revision of data: 2024-01-02Mortgage Loan Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,037 USD
Estimated Monthly Salary: 420 USD
Estimated Weekly Salary: 97 USD per week
Estimated Hourly Salary: 2 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
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 Mortgage Loan Specialist job salary compared to average salary in South Africa.
Comparison shows that a person working as Mortgage Loan Specialist in South Africa earns on average:
0.8 times the average salary (or 80% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Loan Specialist job salary compared to average salary in South Africa.
Comparison shows that a person working as Mortgage Loan Specialist in South Africa earns on average:
0.8 times the average salary (or 80% of average salary).
Is Mortgage Loan Specialist a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Mortgage Loan Specialist?
High salary for Mortgage Loan Specialist would be somewhere between 111,101 ZAR and 146,451 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Mortgage Loan 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: 101,001 ZAR
Estimated Monthly Salary: 8,417 ZAR
Estimated Weekly Salary: 1,942 ZAR per week
Estimated Hourly Salary: 49 ZAR per hour
By working as Mortgage Loan Specialist a person can save up to 149 USD per month or 1,783 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 Mortgage Loan 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:
Unarmed security officer (40,387 ZAR per year, pre-tax.)
Crime scene cleaner (88,952 ZAR per year, pre-tax.)
Dining room and cafeteria attendant or bartender helper (53,200 ZAR per year, pre-tax.)
Secondary marketing specialist (98,710 ZAR per year, pre-tax.)
Reverse logistics specialist (64,751 ZAR per year, pre-tax.)
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