Average Mortgage Payment Processing Clerk Salary in Colombia for 2024

In this article, we will look at the average Mortgage Payment Processing Clerk salary for 2024 in Colombia 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 Colombian peso. To keep things simple, we are using the COP currency code instead of the currency symbol $.

How Much Does a Mortgage Payment Processing Clerk Make in Colombia?

A Mortgage Payment Processing Clerk working in Colombia will typically earn around 24,599,500 COP per year, and this can range from the lowest average salary of about 13,319,300 COP to the highest average salary of 37,078,800 COP.

Average Annual Salary
24,599,500 COP
Average Monthly Salary
2,049,958 COP

Lowest Annual Salary
13,319,300 COP
Lowest Monthly Salary
1,109,941 COP

Highest Annual Salary
37,078,800 COP
Highest Monthly Salary
3,089,900 COP

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

Mortgage Payment Processing Clerk 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 Payment Processing Clerk Salaries in Colombia

So we've looked at the average salaries a Mortgage Payment Processing Clerk will earn in Colombia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Mortgage Payment Processing Clerk can earn between 13,319,300 COP and 37,078,800 COP on average in Colombia. 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 Payment Processing Clerk in Colombia is 22,558,900 COP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 22,558,900 COP, and 50% of the population earn more than 22,558,900 COP.

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 Payment Processing Clerk salary in Colombia, 25% of the population are earning less than 16,198,300 COP while 75% of the population earn more than 16,198,300 COP.

75% of the population earn less than 27,479,000 COP, and 25% of the population earn more than 27,479,000 COP.

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 Payment Processing Clerk Salary by Experience Level in Colombia

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 payment processing clerk 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 Payment Processing Clerk in Colombia that has less than two years of experience can expect to earn somewhere in the region of 15,360,400 COP.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Payment Processing Clerk salary would increase to 19,439,300 COP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Payment Processing Clerk, the average salary would be 25,679,100 COP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 30,240,200 COP.
  • 15 - 20 Years Experience. A Mortgage Payment Processing Clerk with 15 to 20 years of experience can earn an average of 33,360,800 COP.
  • 20+ Years Experience. For a Mortgage Payment Processing Clerk with more than 20 years, the expected average salary increases to 35,521,100 COP.

Average Salary by Experience Chart

0-2 Years
15,360,400 COP
2-5 Years +26%
19,439,300 COP
5-10 Years +32%
25,679,100 COP
10-15 Years +18%
30,240,200 COP
15-20 Years +11%
33,360,800 COP
20+ Years +6%
35,521,100 COP

Mortgage Payment Processing Clerk Salary by Education Level in Colombia

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 Payment Processing Clerk in Colombia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Mortgage Payment Processing Clerk in Colombia with a high school education can earn an average salary of 19,439,300 COP.

  • Certificate or Diploma. A Mortgage Payment Processing Clerk in Colombia with a certificate or diploma education can earn an average salary of 26,639,300 COP.

  • Bachelor's Degree. A Mortgage Payment Processing Clerk in Colombia with a bachelor's degree education can earn an average salary of 34,198,600 COP.

Average Salary by Education Chart

High School
19,439,300 COP
Certificate or Diploma +37%
26,639,300 COP
Bachelor's Degree +29%
34,198,600 COP

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 Colombia is around 23,500,000 to 70,400,000 COP 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 Payment Processing Clerk 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 Colombia, a male mortgage payment processing clerk will earn an average of 25,321,400 COP, while a female mortgage payment processing clerk will earn around 23,520,800 COP.

This means that a male mortgage payment processing clerk earns approximately 8% more than a female mortgage payment processing clerk for performing the same job.

Average Salary by Gender Chart in Colombia

Male
25,321,400 COP
Female -8%
23,520,800 COP

Mortgage Payment Processing Clerk Average Pay Raise in Colombia

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 Payment Processing Clerk in Colombia is around 10% every 17 months.

The national average pay raise across all professions and industries in Colombia is around 7% every 19 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 = ( 10 ÷ 17 ) × 12  = 7%

What this means is that a Mortgage Payment Processing Clerk in Colombia can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Colombia for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Mortgage Payment Processing Clerk Bonus and Incentive Rates in Colombia

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 Payment Processing Clerk is a low bonus based job, with 22% of employees reporting at least one bonus in the last 12 months.

78% 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 2%.

Received Bonus
22%
No Bonus
78%

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 Colombia earn approximately 11% more than private sector employees in the same role.

Public Sector
58,559,300 COP
Private Sector -11%
52,800,100 COP

Salaries for Jobs Similar to a Mortgage Payment Processing Clerk

In the table below, we have salary information for jobs that are similar to a Mortgage Payment Processing Clerk in Colombia.

Job Title Category Salary
AML Analyst Banking 88,799,900 COP
Assistant Bank Branch Manager Banking 70,679,800 COP
Assistant Bank Manager Banking 94,918,700 COP
ATM Manager Banking 84,001,900 COP
ATM Service Technician Banking 21,961,700 COP
Bank Accounts Analyst Banking 31,678,800 COP
Bank Accounts Collector Banking 20,639,100 COP
Bank Accounts Controller Banking 43,438,200 COP
Bank Accounts Executive Banking 61,080,900 COP
Bank Accounts Manager Banking 74,161,900 COP
Bank Auditing Manager Banking 74,161,900 COP
Bank Branch Manager Banking 101,759,700 COP
Bank Branch Operations Coordinator Banking 43,680,700 COP
Bank Clerk Banking 20,038,100 COP
Bank Client Service Associate Banking 26,280,300 COP
Bank Collector Banking 20,639,100 COP
Bank Compliance Specialist Banking 52,078,500 COP
Bank Manager Banking 116,759,400 COP
Bank Operational Risk Manager Banking 118,801,500 COP
Bank Operations Head Banking 119,998,200 COP
Bank Operations Officer Banking 47,758,300 COP
Bank Operations Specialist Banking 76,439,700 COP
Bank Process Manager Banking 68,639,200 COP
Bank Product Manager Banking 79,921,300 COP
Bank Programme Manager Banking 77,041,100 COP
Bank Project Manager Banking 97,321,300 COP
Bank Propositions Manager Banking 87,838,100 COP
Bank Quantitative Analyst Banking 57,239,200 COP
Bank Regional Manager Banking 119,998,200 COP
Bank Regional Risk Officer Banking 64,198,300 COP
Bank Relationship Manager Banking 92,158,600 COP
Bank Relationship Officer Banking 42,239,100 COP
Bank Teller Banking 21,961,700 COP
Banker Banking 42,239,100 COP
Banking Business Analyst Banking 62,519,300 COP
Banking Business Development Officer Banking 38,521,100 COP
Banking Business Planning Executive Banking 89,999,900 COP
Banking Product Manager Banking 77,758,500 COP
Banking Reference Data Manager Banking 68,639,200 COP
Banking Risk Analyst Banking 62,638,300 COP
Banking Technical Analyst Banking 33,599,200 COP
Bankruptcy Coordinator Banking 43,081,400 COP
Bill and Account Collector Banking 20,999,200 COP
Budget Analyst Banking 61,080,900 COP
Capital Risk Manager Banking 119,640,400 COP
Cards Marketing Manager Banking 74,639,200 COP
Cash Management Manager Banking 112,679,000 COP
Check Processing Manager Banking 79,079,700 COP
Commercial Vault Associate Banking 62,400,200 COP
Corporate Banker Banking 46,438,700 COP
Corporate Dealer Banking 61,321,600 COP
Credit Analyst Banking 49,438,400 COP
Credit and Collections Manager Banking 81,359,100 COP
Credit Card Fraud Investigator Banking 65,401,000 COP
Credit Portfolio Manager Banking 110,280,700 COP
Credit Risk Analyst Banking 69,241,100 COP
Credit Risk Associate Banking 64,560,300 COP
Direct Bank Sales Representative Banking 42,479,000 COP
Exchange Control Consultant Banking 64,079,200 COP
Executive Account Analyst Banking 60,598,100 COP
Financial Bank Planning Consultant Banking 81,480,700 COP
Financial Banking Analysis Manager Banking 87,721,200 COP
Financial Banking Assistant Banking 29,761,800 COP
Financial Banking Systems Manager Banking 80,759,700 COP
Foreign Exchange Manager Banking 90,599,800 COP
Fraud Analyst Banking 65,878,200 COP
Fraud Detection Associate Banking 42,479,000 COP
Fraud Detection Manager Banking 99,000,200 COP
Fraud Detection Supervisor Banking 53,879,800 COP
Internal Bank Audit Manager Banking 111,720,700 COP
Internal Bank Auditor Banking 62,159,000 COP
Internal Private Banker Banking 44,040,700 COP
International Banking Manager Banking 124,799,100 COP
Investment Banking Analyst Banking 86,641,400 COP
Loan Analyst Banking 59,398,900 COP
Loan Area Manager Banking 76,921,100 COP
Loan Audit Team Leader Banking 71,999,700 COP
Loan Branch Manager Banking 67,681,200 COP
Loan Business Development Officer Banking 38,281,500 COP
Loan Clerk Banking 21,241,100 COP
Loan Collection and Recovery Manager Banking 71,280,900 COP
Loan Collection Manager Banking 75,121,900 COP
Loan Collector Banking 20,400,600 COP
Loan Examiner Banking 25,801,200 COP
Loan Officer Banking 23,159,200 COP
Loan Processing Manager Banking 66,720,300 COP
Loan Processor Banking 26,399,200 COP
Loan Quality Assurance Auditor Banking 62,279,800 COP
Loan Quality Assurance Manager Banking 72,481,900 COP
Loan Quality Assurance Representative Banking 45,839,700 COP
Loan Review Manager Banking 72,481,900 COP
Loan Team Leader Banking 61,441,300 COP
Loans Manager Banking 79,558,700 COP
Mortgage Advisor Banking 44,280,500 COP
Mortgage Collection Manager Banking 70,920,900 COP
Mortgage Collector Banking 20,760,500 COP
Mortgage Credit Analyst Banking 31,919,300 COP
Mortgage Credit Manager Banking 70,438,600 COP
Mortgage Development Manager Banking 76,560,700 COP
Mortgage Document Reviewer Banking 27,361,200 COP
Mortgage Funding Manager Banking 76,801,100 COP
Mortgage Operations Manager Banking 106,439,300 COP
Mortgage Processing Manager Banking 71,280,900 COP
Mortgage Processor Banking 26,520,600 COP
Mortgage Quality Assurance Auditor Banking 60,361,600 COP
Mortgage Quality Assurance Manager Banking 72,481,900 COP
Mortgage Servicing Clerk Banking 21,478,100 COP
Mortgage Servicing Manager Banking 64,681,900 COP
Mortgage Underwriter Banking 25,679,100 COP
Online Banking Manager Banking 111,119,100 COP
Payment Processing Clerk Banking 21,478,100 COP
Personal Banker Banking 42,479,000 COP
Personal Banking Advisor Banking 44,161,600 COP
Phone Banker Banking 29,399,100 COP
Private Banker Banking 45,961,300 COP
Reconciliation and Investigation Specialist Banking 49,678,100 COP
Tax Officer Banking 35,758,400 COP
Teller Banking 20,400,600 COP
Trade Officer Banking 26,280,300 COP
Trade Product Manager Banking 71,641,100 COP
Trader Banking 31,440,200 COP
Treasury Operations Officer Banking 54,479,300 COP

Salary Comparison by City

If you want to compare salaries with different cities in Colombia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Barranquilla 24,119,700 COP
Bello 24,359,000 COP
Bogota 25,801,200 COP
Bucaramanga 24,119,700 COP
Buenaventura 23,159,200 COP
Cartagena 26,040,800 COP
Cucuta 25,440,400 COP
Ibague 23,520,800 COP
Manizales 22,081,800 COP
Medellin 25,079,200 COP
Monteria 22,441,700 COP
Neiva 22,198,500 COP
Pereira 22,558,900 COP
Santa Marta 22,918,100 COP
Soacha 23,159,200 COP
Soledad 24,359,000 COP
Valledupar 23,638,700 COP
Villavicencio 23,040,200 COP

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