Average Mortgage Servicing Clerk Salary in Belgium for 2024

In this article, we will look at the average Mortgage Servicing Clerk salary for 2024 in Belgium 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Mortgage Servicing Clerk Make in Belgium?

A Mortgage Servicing Clerk working in Belgium will typically earn around 32,620 EUR per year, and this can range from the lowest average salary of about 17,260 EUR to the highest average salary of 48,560 EUR.

Average Annual Salary
32,620 EUR
Average Monthly Salary
2,718 EUR

Lowest Annual Salary
17,260 EUR
Lowest Monthly Salary
1,438 EUR

Highest Annual Salary
48,560 EUR
Highest Monthly Salary
4,046 EUR

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

Mortgage Servicing 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 Servicing Clerk Salaries in Belgium

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

Salary ranges

We already know that a Mortgage Servicing Clerk can earn between 17,260 EUR and 48,560 EUR on average in Belgium. 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 Servicing Clerk in Belgium is 33,440 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 33,440 EUR, and 50% of the population earn more than 33,440 EUR.

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 Servicing Clerk salary in Belgium, 25% of the population are earning less than 21,560 EUR while 75% of the population earn more than 21,560 EUR.

75% of the population earn less than 41,180 EUR, and 25% of the population earn more than 41,180 EUR.

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 Servicing Clerk Salary by Experience Level in Belgium

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 servicing 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 Servicing Clerk in Belgium that has less than two years of experience can expect to earn somewhere in the region of 19,640 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Servicing Clerk salary would increase to 23,500 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Servicing Clerk, the average salary would be 34,080 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 39,560 EUR.
  • 15 - 20 Years Experience. A Mortgage Servicing Clerk with 15 to 20 years of experience can earn an average of 43,340 EUR.
  • 20+ Years Experience. For a Mortgage Servicing Clerk with more than 20 years, the expected average salary increases to 45,620 EUR.

Average Salary by Experience Chart

0-2 Years
19,640 EUR
2-5 Years +29%
23,500 EUR
5-10 Years +38%
34,080 EUR
10-15 Years +24%
39,560 EUR
15-20 Years +7%
43,340 EUR
20+ Years +7%
45,620 EUR

Mortgage Servicing Clerk Salary by Education Level in Belgium

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 Servicing Clerk in Belgium 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 Servicing Clerk in Belgium with a certificate or diploma education can earn an average salary of 24,200 EUR.

  • Bachelor's Degree. A Mortgage Servicing Clerk in Belgium with a bachelor's degree education can earn an average salary of 37,880 EUR.

Average Salary by Education Chart

Certificate or Diploma
24,200 EUR
Bachelor's Degree +53%
37,880 EUR

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 Belgium is around 30,700 to 92,200 EUR 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 Servicing 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 Belgium, a male mortgage servicing clerk will earn an average of 32,960 EUR, while a female mortgage servicing clerk will earn around 31,080 EUR.

This means that a male mortgage servicing clerk earns approximately 6% more than a female mortgage servicing clerk for performing the same job.

Average Salary by Gender Chart in Belgium

Male
32,960 EUR
Female -6%
31,080 EUR

Mortgage Servicing Clerk Average Pay Raise in Belgium

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 Servicing Clerk in Belgium is around 11% every 15 months.

The national average pay raise across all professions and industries in Belgium is around 8% every 17 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 = ( 11 ÷ 15 ) × 12  = 9%

What this means is that a Mortgage Servicing Clerk in Belgium can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Belgium for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Mortgage Servicing Clerk Bonus and Incentive Rates in Belgium

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 Servicing Clerk is a low bonus based job, with 31% of employees reporting at least one bonus in the last 12 months.

69% 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 0% to 4%.

Received Bonus
31%
No Bonus
69%

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 Belgium earn approximately 8% more than private sector employees in the same role.

Public Sector
76,540 EUR
Private Sector -8%
70,600 EUR

Salaries for Jobs Similar to a Mortgage Servicing Clerk

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

Job Title Category Salary
AML Analyst Banking 108,080 EUR
Assistant Bank Branch Manager Banking 99,920 EUR
Assistant Bank Manager Banking 124,400 EUR
ATM Manager Banking 108,800 EUR
ATM Service Technician Banking 33,980 EUR
Bank Accounts Analyst Banking 47,720 EUR
Bank Accounts Collector Banking 28,680 EUR
Bank Accounts Controller Banking 57,440 EUR
Bank Accounts Executive Banking 86,740 EUR
Bank Accounts Manager Banking 90,620 EUR
Bank Auditing Manager Banking 100,140 EUR
Bank Branch Manager Banking 128,500 EUR
Bank Branch Operations Coordinator Banking 61,680 EUR
Bank Clerk Banking 31,400 EUR
Bank Client Service Associate Banking 39,560 EUR
Bank Collector Banking 30,220 EUR
Bank Compliance Specialist Banking 68,900 EUR
Bank Manager Banking 152,000 EUR
Bank Operational Risk Manager Banking 157,600 EUR
Bank Operations Head Banking 150,000 EUR
Bank Operations Officer Banking 61,680 EUR
Bank Operations Specialist Banking 98,540 EUR
Bank Process Manager Banking 88,600 EUR
Bank Product Manager Banking 99,340 EUR
Bank Programme Manager Banking 105,940 EUR
Bank Project Manager Banking 119,900 EUR
Bank Propositions Manager Banking 117,660 EUR
Bank Quantitative Analyst Banking 80,020 EUR
Bank Regional Manager Banking 152,100 EUR
Bank Regional Risk Officer Banking 83,020 EUR
Bank Relationship Manager Banking 115,520 EUR
Bank Relationship Officer Banking 55,580 EUR
Bank Teller Banking 31,340 EUR
Banker Banking 60,400 EUR
Banking Business Analyst Banking 84,780 EUR
Banking Business Development Officer Banking 53,600 EUR
Banking Business Planning Executive Banking 111,700 EUR
Banking Product Manager Banking 103,440 EUR
Banking Reference Data Manager Banking 87,940 EUR
Banking Risk Analyst Banking 87,020 EUR
Banking Technical Analyst Banking 47,580 EUR
Bankruptcy Coordinator Banking 61,620 EUR
Bill and Account Collector Banking 32,960 EUR
Budget Analyst Banking 85,080 EUR
Capital Risk Manager Banking 148,300 EUR
Cards Marketing Manager Banking 104,140 EUR
Cash Management Manager Banking 138,200 EUR
Check Processing Manager Banking 105,440 EUR
Commercial Vault Associate Banking 78,120 EUR
Corporate Banker Banking 58,800 EUR
Corporate Dealer Banking 86,420 EUR
Credit Analyst Banking 64,720 EUR
Credit and Collections Manager Banking 107,860 EUR
Credit Card Fraud Investigator Banking 87,520 EUR
Credit Portfolio Manager Banking 150,000 EUR
Credit Risk Analyst Banking 86,800 EUR
Credit Risk Associate Banking 90,980 EUR
Direct Bank Sales Representative Banking 63,700 EUR
Exchange Control Consultant Banking 86,640 EUR
Executive Account Analyst Banking 85,880 EUR
Financial Bank Planning Consultant Banking 102,020 EUR
Financial Banking Analysis Manager Banking 115,620 EUR
Financial Banking Assistant Banking 42,040 EUR
Financial Banking Systems Manager Banking 113,220 EUR
Foreign Exchange Manager Banking 123,400 EUR
Fraud Analyst Banking 87,760 EUR
Fraud Detection Associate Banking 58,520 EUR
Fraud Detection Manager Banking 119,700 EUR
Fraud Detection Supervisor Banking 73,040 EUR
Internal Bank Audit Manager Banking 151,800 EUR
Internal Bank Auditor Banking 85,080 EUR
Internal Private Banker Banking 62,460 EUR
International Banking Manager Banking 159,100 EUR
Investment Banking Analyst Banking 119,900 EUR
Loan Analyst Banking 79,260 EUR
Loan Area Manager Banking 103,840 EUR
Loan Audit Team Leader Banking 95,600 EUR
Loan Branch Manager Banking 87,640 EUR
Loan Business Development Officer Banking 51,400 EUR
Loan Clerk Banking 31,520 EUR
Loan Collection and Recovery Manager Banking 92,720 EUR
Loan Collection Manager Banking 101,900 EUR
Loan Collector Banking 28,680 EUR
Loan Examiner Banking 39,080 EUR
Loan Officer Banking 34,280 EUR
Loan Processing Manager Banking 87,940 EUR
Loan Processor Banking 42,320 EUR
Loan Quality Assurance Auditor Banking 80,580 EUR
Loan Quality Assurance Manager Banking 90,900 EUR
Loan Quality Assurance Representative Banking 63,320 EUR
Loan Review Manager Banking 96,340 EUR
Loan Team Leader Banking 86,740 EUR
Loans Manager Banking 112,620 EUR
Mortgage Advisor Banking 56,460 EUR
Mortgage Collection Manager Banking 92,680 EUR
Mortgage Collector Banking 31,940 EUR
Mortgage Credit Analyst Banking 45,720 EUR
Mortgage Credit Manager Banking 94,940 EUR
Mortgage Development Manager Banking 100,280 EUR
Mortgage Document Reviewer Banking 40,140 EUR
Mortgage Funding Manager Banking 107,680 EUR
Mortgage Operations Manager Banking 138,800 EUR
Mortgage Payment Processing Clerk Banking 37,620 EUR
Mortgage Processing Manager Banking 97,060 EUR
Mortgage Processor Banking 38,060 EUR
Mortgage Quality Assurance Auditor Banking 79,280 EUR
Mortgage Quality Assurance Manager Banking 89,460 EUR
Mortgage Servicing Manager Banking 91,560 EUR
Mortgage Underwriter Banking 36,020 EUR
Online Banking Manager Banking 139,100 EUR
Payment Processing Clerk Banking 31,520 EUR
Personal Banker Banking 63,700 EUR
Personal Banking Advisor Banking 62,860 EUR
Phone Banker Banking 45,060 EUR
Private Banker Banking 63,320 EUR
Reconciliation and Investigation Specialist Banking 68,580 EUR
Tax Officer Banking 54,140 EUR
Teller Banking 31,960 EUR
Trade Officer Banking 38,680 EUR
Trade Product Manager Banking 92,240 EUR
Trader Banking 42,040 EUR
Treasury Operations Officer Banking 72,120 EUR

Salary Comparison by City

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

City Average Salary
Antwerp 34,540 EUR
Brugge (Bruges) 29,600 EUR
Brussel 31,960 EUR
Charleroi 31,980 EUR
Gent (Ghent) 35,300 EUR
Leuven 28,900 EUR
Liege 33,440 EUR
Namur 27,020 EUR

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