Average Mortgage Document Reviewer Salary in Vanuatu for 2024

In this article, we will look at the average Mortgage Document Reviewer salary for 2024 in Vanuatu and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Vanuatu vatu. To keep things simple, we are using the VUV currency code instead of the currency symbol Vt.

How Much Does a Mortgage Document Reviewer Make in Vanuatu?

A Mortgage Document Reviewer working in Vanuatu will typically earn around 590,200 VUV per year, and this can range from the lowest average salary of about 314,500 VUV to the highest average salary of 896,700 VUV.

Average Annual Salary
590,200 VUV
Average Monthly Salary
49,183 VUV

Lowest Annual Salary
314,500 VUV
Lowest Monthly Salary
26,208 VUV

Highest Annual Salary
896,700 VUV
Highest Monthly Salary
74,725 VUV

These are average salaries for a Mortgage Document Reviewer in Vanuatu and include benefits such as housing and transport. It's also possible for a Mortgage Document Reviewer to earn more or less than the average salaries shown above.

Mortgage Document Reviewer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Mortgage Document Reviewer Salaries in Vanuatu

So we've looked at the average salaries a Mortgage Document Reviewer will earn in Vanuatu. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Mortgage Document Reviewer can earn between 314,500 VUV and 896,700 VUV on average in Vanuatu. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Mortgage Document Reviewer in Vanuatu is 553,400 VUV. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 553,400 VUV, and 50% of the population earn more than 553,400 VUV.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Mortgage Document Reviewer salary in Vanuatu, 25% of the population are earning less than 388,100 VUV while 75% of the population earn more than 388,100 VUV.

75% of the population earn less than 681,500 VUV, and 25% of the population earn more than 681,500 VUV.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Mortgage Document Reviewer Salary by Experience Level in Vanuatu

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average mortgage document reviewer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Mortgage Document Reviewer in Vanuatu that has less than two years of experience can expect to earn somewhere in the region of 359,900 VUV.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Document Reviewer salary would increase to 440,200 VUV.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Document Reviewer, the average salary would be 625,000 VUV.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 728,500 VUV.
  • 15 - 20 Years Experience. A Mortgage Document Reviewer with 15 to 20 years of experience can earn an average of 802,400 VUV.
  • 20+ Years Experience. For a Mortgage Document Reviewer with more than 20 years, the expected average salary increases to 851,200 VUV.

Average Salary by Experience Chart

0-2 Years
359,900 VUV
2-5 Years +23%
440,200 VUV
5-10 Years +42%
625,000 VUV
10-15 Years +17%
728,500 VUV
15-20 Years +10%
802,400 VUV
20+ Years +6%
851,200 VUV

Mortgage Document Reviewer Salary by Education Level in Vanuatu

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Mortgage Document Reviewer in Vanuatu based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Mortgage Document Reviewer in Vanuatu with a certificate or diploma education can earn an average salary of 478,100 VUV.

  • Bachelor's Degree. A Mortgage Document Reviewer in Vanuatu with a bachelor's degree education can earn an average salary of 699,700 VUV.

Average Salary by Education Chart

Certificate or Diploma
478,100 VUV
Bachelor's Degree +47%
699,700 VUV

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Vanuatu is around 495,000 to 1,490,000 VUV and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Mortgage Document Reviewer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Vanuatu, a male mortgage document reviewer will earn an average of 619,000 VUV, while a female mortgage document reviewer will earn around 541,700 VUV.

This means that a male mortgage document reviewer earns approximately 14% more than a female mortgage document reviewer for performing the same job.

Average Salary by Gender Chart in Vanuatu

Male
619,000 VUV
Female -14%
541,700 VUV

Mortgage Document Reviewer Average Pay Raise in Vanuatu

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Mortgage Document Reviewer in Vanuatu is around 7% every 27 months.

The national average pay raise across all professions and industries in Vanuatu is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 27 ) × 12  = 3%

What this means is that a Mortgage Document Reviewer in Vanuatu can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Vanuatu for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Vanuatu.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Mortgage Document Reviewer Bonus and Incentive Rates in Vanuatu

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Mortgage Document Reviewer is a low bonus based job, with 8% of employees reporting at least one bonus in the last 12 months.

92% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 3%.

Received Bonus
8%
No Bonus
92%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Vanuatu earn approximately 17% more than private sector employees in the same role.

Public Sector
1,296,900 VUV
Private Sector -17%
1,105,600 VUV

Salaries for Jobs Similar to a Mortgage Document Reviewer

In the table below, we have salary information for jobs that are similar to a Mortgage Document Reviewer in Vanuatu.

Job Title Category Salary
AML Analyst Banking 1,765,300 VUV
Assistant Bank Branch Manager Banking 1,560,800 VUV
Assistant Bank Manager Banking 2,065,400 VUV
ATM Manager Banking 1,800,200 VUV
ATM Service Technician Banking 464,400 VUV
Bank Accounts Analyst Banking 684,900 VUV
Bank Accounts Collector Banking 420,100 VUV
Bank Accounts Controller Banking 888,400 VUV
Bank Accounts Executive Banking 1,357,900 VUV
Bank Accounts Manager Banking 1,476,700 VUV
Bank Auditing Manager Banking 1,547,500 VUV
Bank Branch Manager Banking 2,052,200 VUV
Bank Branch Operations Coordinator Banking 974,600 VUV
Bank Clerk Banking 407,100 VUV
Bank Client Service Associate Banking 559,000 VUV
Bank Collector Banking 442,200 VUV
Bank Compliance Specialist Banking 1,149,200 VUV
Bank Manager Banking 2,593,900 VUV
Bank Operational Risk Manager Banking 2,411,500 VUV
Bank Operations Head Banking 2,471,700 VUV
Bank Operations Officer Banking 1,031,200 VUV
Bank Operations Specialist Banking 1,510,400 VUV
Bank Process Manager Banking 1,369,700 VUV
Bank Product Manager Banking 1,632,100 VUV
Bank Programme Manager Banking 1,703,200 VUV
Bank Project Manager Banking 1,980,600 VUV
Bank Propositions Manager Banking 1,825,000 VUV
Bank Quantitative Analyst Banking 1,224,800 VUV
Bank Regional Manager Banking 2,734,500 VUV
Bank Regional Risk Officer Banking 1,391,600 VUV
Bank Relationship Manager Banking 1,870,400 VUV
Bank Relationship Officer Banking 875,000 VUV
Bank Teller Banking 457,300 VUV
Banker Banking 893,500 VUV
Banking Business Analyst Banking 1,345,400 VUV
Banking Business Development Officer Banking 812,900 VUV
Banking Business Planning Executive Banking 1,846,200 VUV
Banking Product Manager Banking 1,570,900 VUV
Banking Reference Data Manager Banking 1,464,200 VUV
Banking Risk Analyst Banking 1,345,400 VUV
Banking Technical Analyst Banking 725,700 VUV
Bankruptcy Coordinator Banking 931,900 VUV
Bill and Account Collector Banking 487,600 VUV
Budget Analyst Banking 1,333,900 VUV
Capital Risk Manager Banking 2,435,600 VUV
Cards Marketing Manager Banking 1,606,100 VUV
Cash Management Manager Banking 2,352,500 VUV
Check Processing Manager Banking 1,788,300 VUV
Commercial Vault Associate Banking 1,345,400 VUV
Corporate Banker Banking 970,600 VUV
Corporate Dealer Banking 1,345,400 VUV
Credit Analyst Banking 1,074,200 VUV
Credit and Collections Manager Banking 1,751,700 VUV
Credit Card Fraud Investigator Banking 1,380,400 VUV
Credit Portfolio Manager Banking 2,374,400 VUV
Credit Risk Analyst Banking 1,524,300 VUV
Credit Risk Associate Banking 1,405,700 VUV
Direct Bank Sales Representative Banking 978,900 VUV
Exchange Control Consultant Banking 1,357,900 VUV
Executive Account Analyst Banking 1,345,400 VUV
Financial Bank Planning Consultant Banking 1,777,700 VUV
Financial Banking Analysis Manager Banking 1,967,000 VUV
Financial Banking Assistant Banking 658,300 VUV
Financial Banking Systems Manager Banking 1,765,300 VUV
Foreign Exchange Manager Banking 1,942,700 VUV
Fraud Analyst Banking 1,391,600 VUV
Fraud Detection Associate Banking 996,600 VUV
Fraud Detection Manager Banking 2,100,900 VUV
Fraud Detection Supervisor Banking 1,125,300 VUV
Internal Bank Audit Manager Banking 2,508,300 VUV
Internal Bank Auditor Banking 1,249,900 VUV
Internal Private Banker Banking 926,000 VUV
International Banking Manager Banking 2,724,700 VUV
Investment Banking Analyst Banking 1,990,300 VUV
Loan Analyst Banking 1,259,300 VUV
Loan Area Manager Banking 1,655,500 VUV
Loan Audit Team Leader Banking 1,547,500 VUV
Loan Branch Manager Banking 1,428,800 VUV
Loan Business Development Officer Banking 798,900 VUV
Loan Clerk Banking 483,400 VUV
Loan Collection and Recovery Manager Banking 1,570,900 VUV
Loan Collection Manager Banking 1,524,300 VUV
Loan Collector Banking 445,100 VUV
Loan Examiner Banking 553,400 VUV
Loan Officer Banking 492,400 VUV
Loan Processing Manager Banking 1,417,600 VUV
Loan Processor Banking 612,500 VUV
Loan Quality Assurance Auditor Banking 1,283,600 VUV
Loan Quality Assurance Manager Banking 1,476,700 VUV
Loan Quality Assurance Representative Banking 1,014,700 VUV
Loan Review Manager Banking 1,440,700 VUV
Loan Team Leader Banking 1,320,500 VUV
Loans Manager Banking 1,716,600 VUV
Mortgage Advisor Banking 943,800 VUV
Mortgage Collection Manager Banking 1,487,200 VUV
Mortgage Collector Banking 426,700 VUV
Mortgage Credit Analyst Banking 721,600 VUV
Mortgage Credit Manager Banking 1,417,600 VUV
Mortgage Development Manager Banking 1,678,300 VUV
Mortgage Funding Manager Banking 1,632,100 VUV
Mortgage Operations Manager Banking 2,339,200 VUV
Mortgage Payment Processing Clerk Banking 480,300 VUV
Mortgage Processing Manager Banking 1,500,800 VUV
Mortgage Processor Banking 606,400 VUV
Mortgage Quality Assurance Auditor Banking 1,283,600 VUV
Mortgage Quality Assurance Manager Banking 1,524,300 VUV
Mortgage Servicing Clerk Banking 437,900 VUV
Mortgage Servicing Manager Banking 1,440,700 VUV
Mortgage Underwriter Banking 531,700 VUV
Online Banking Manager Banking 2,389,200 VUV
Payment Processing Clerk Banking 457,300 VUV
Personal Banker Banking 960,900 VUV
Personal Banking Advisor Banking 1,016,300 VUV
Phone Banker Banking 660,500 VUV
Private Banker Banking 962,900 VUV
Reconciliation and Investigation Specialist Banking 1,032,400 VUV
Tax Officer Banking 772,700 VUV
Teller Banking 454,300 VUV
Trade Officer Banking 514,800 VUV
Trade Product Manager Banking 1,524,300 VUV
Trader Banking 660,500 VUV
Treasury Operations Officer Banking 1,148,200 VUV

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