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The differences between closers and foreclosure specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a foreclosure specialist has an average salary of $41,088, which is higher than the $29,291 average annual salary of a closer.
The top three skills for a closer include customer service, cleanliness and punctuality. The most important skills for a foreclosure specialist are foreclosure process, insurer, and loss mitigation.
| Closer | Foreclosure Specialist | |
| Yearly salary | $29,291 | $41,088 |
| Hourly rate | $14.08 | $19.75 |
| Growth rate | 4% | -3% |
| Number of jobs | 7,560 | 8,166 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 35% | Bachelor's Degree, 50% |
| Average age | 45 | 43 |
| Years of experience | 6 | - |
The duties of a closer depend on one's line of work or industry of employment. Typically, their responsibilities revolve around liaising with clients to ensure that they understand and adhere to all terms of the agreement, completing all requirements and necessary documents, and maintaining records of all transactions. A closer must also monitor the regular payments of clients to ensure their compliance with the agreement, answer any inquiries, perform follow-up calls, and address any issues or concerns, resolving them promptly and efficiently.
A foreclosure specialist is a real estate professional that manages foreclosure processes. Serving in this role means that you will have responsibilities such as ensuring that aspects related to foreclosure meet all government regulations from the federal level to the state level and that deadlines are met and duly communicated to all parties involved. You may have to work with mortgage holders that run the risk of default, in which case you will be tasked with renegotiating loan agreement changes.
Closers and foreclosure specialists have different pay scales, as shown below.
| Closer | Foreclosure Specialist | |
| Average salary | $29,291 | $41,088 |
| Salary range | Between $20,000 And $40,000 | Between $28,000 And $58,000 |
| Highest paying City | Greece, NY | - |
| Highest paying state | Hawaii | - |
| Best paying company | GPAC | - |
| Best paying industry | - | - |
There are a few differences between a closer and a foreclosure specialist in terms of educational background:
| Closer | Foreclosure Specialist | |
| Most common degree | Bachelor's Degree, 35% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between closers' and foreclosure specialists' demographics:
| Closer | Foreclosure Specialist | |
| Average age | 45 | 43 |
| Gender ratio | Male, 45.0% Female, 55.0% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 9.4% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 6.1% White, 63.1% American Indian and Alaska Native, 0.5% | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 8% | 4% |