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Closing coordinator vs title processor

The differences between closing coordinators and title processors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a title processor has an average salary of $42,096, which is higher than the $39,066 average annual salary of a closing coordinator.

The top three skills for a closing coordinator include customer service, escrow and HOA. The most important skills for a title processor are data entry, title commitments, and customer service.

Closing coordinator vs title processor overview

Closing CoordinatorTitle Processor
Yearly salary$39,066$42,096
Hourly rate$18.78$20.24
Growth rate-3%5%
Number of jobs19,2037,068
Job satisfaction--
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 38%
Average age4248
Years of experience4-

What does a closing coordinator do?

In the real estate industry, a closing coordinator is in charge of coordinating the final stages of a real estate deal, ensuring efficiency and smooth transaction. Among their responsibilities include preparing and processing legal documents, liaising with the buyer and seller, managing timelines and payment plans, and ensuring that both parties adhere to the terms of the agreement. Moreover, a closing coordinator must maintain an active communication line with staff, answering their inquiries, and assisting them as needed.

What does a title processor do?

A title processor is a legal professional who works with clients applying for real estate title to ensure that all documents are submitted correctly. Title processors are required to compile all the necessary legal documents and information so that they can obtain the legal deed to the property. They must work closely with both buyer and the realtor to ensure that their filing is following all local regulations. Title processors can also work with companies to ensure that all the necessary company title documents are complete when they apply for insurance.

Closing coordinator vs title processor salary

Closing coordinators and title processors have different pay scales, as shown below.

Closing CoordinatorTitle Processor
Average salary$39,066$42,096
Salary rangeBetween $29,000 And $52,000Between $30,000 And $58,000
Highest paying CityKirkland, WALaurel, MD
Highest paying stateWashingtonNew York
Best paying companyHarbourVestBNP Paribas
Best paying industryFinanceInsurance

Differences between closing coordinator and title processor education

There are a few differences between a closing coordinator and a title processor in terms of educational background:

Closing CoordinatorTitle Processor
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 38%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Closing coordinator vs title processor demographics

Here are the differences between closing coordinators' and title processors' demographics:

Closing CoordinatorTitle Processor
Average age4248
Gender ratioMale, 20.8% Female, 79.2%Male, 17.3% Female, 82.7%
Race ratioBlack or African American, 12.7% Unknown, 4.7% Hispanic or Latino, 15.8% Asian, 6.3% White, 59.9% American Indian and Alaska Native, 0.6%Black or African American, 4.1% Unknown, 3.8% Hispanic or Latino, 10.3% Asian, 7.2% White, 73.8% American Indian and Alaska Native, 0.9%
LGBT Percentage7%8%

Differences between closing coordinator and title processor duties and responsibilities

Closing coordinator example responsibilities.

  • Manage scheduling loans for closing, handle insurance review, verify wire transfer, register and transfer loans with MERS.
  • Endorse VA and HUD mortgage insurance, paid premiums and send documents to proper personnel.
  • Audit loans purchase for GNMA, FNMA & FHLMC to ensure they meet their guidelines.
  • Facilitate processors in getting FHA close loan packages out to FHA to meet the insurance deadlines.
  • Review of foreclosure deeds for correctness including vesting, recording information, and notary acknowledgment.
  • Organize date into TSS and compose title binder for mortgage processing.
  • Show more

Title processor example responsibilities.

  • Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
  • Audit loan documentation to ensure all require RESPA documents and procedures are completed.
  • Order payoffs on mortgages, judgments, HOA status letters and liens attach to the subject property.
  • Provide updates to REO listing agents and selling agents, as well as communicating with asset managers.
  • Correspond with banks, lenders, underwriters, attorneys, HOA's, tax offices, clerk of court, etc.
  • Probate filing for formal and summary administrations including use of Lexus-Nexus software.
  • Show more

Closing coordinator vs title processor skills

Common closing coordinator skills
  • Customer Service, 23%
  • Escrow, 8%
  • HOA, 5%
  • HUD-1, 5%
  • Lender Approval, 5%
  • Settlement Statements, 5%
Common title processor skills
  • Data Entry, 12%
  • Title Commitments, 11%
  • Customer Service, 8%
  • Escrow, 8%
  • Estoppel, 6%
  • Mortgage Payoffs, 6%

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