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The differences between commercial credit analysts and foreclosure specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial credit analyst has an average salary of $66,482, which is higher than the $41,088 average annual salary of a foreclosure specialist.
The top three skills for a commercial credit analyst include credit analysis, customer service and strong analytical. The most important skills for a foreclosure specialist are foreclosure process, insurer, and loss mitigation.
| Commercial Credit Analyst | Foreclosure Specialist | |
| Yearly salary | $66,482 | $41,088 |
| Hourly rate | $31.96 | $19.75 |
| Growth rate | 4% | -3% |
| Number of jobs | 42,862 | 8,166 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 50% |
| Average age | 39 | 43 |
| Years of experience | 2 | - |
A commercial credit analyst is primarily in charge of assessing a client's credit or loan application, ensuring that they are fit to uphold financial obligations. Their responsibilities typically revolve around coordinating different departments to gather necessary client data, reviewing financial histories, verifying the authenticity of requirements, and developing financial profiles. Moreover, a commercial credit analyst may perform research and analysis to identify new business opportunities, produce progress and sales reports, monitor the payment progress of clients, and maintain a record of all transactions.
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.
Commercial credit analysts and foreclosure specialists have different pay scales, as shown below.
| Commercial Credit Analyst | Foreclosure Specialist | |
| Average salary | $66,482 | $41,088 |
| Salary range | Between $46,000 And $94,000 | Between $28,000 And $58,000 |
| Highest paying City | Burlingame, CA | - |
| Highest paying state | California | - |
| Best paying company | HSBC Bank | - |
| Best paying industry | Automotive | - |
There are a few differences between a commercial credit analyst and a foreclosure specialist in terms of educational background:
| Commercial Credit Analyst | Foreclosure Specialist | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial credit analysts' and foreclosure specialists' demographics:
| Commercial Credit Analyst | Foreclosure Specialist | |
| Average age | 39 | 43 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.6% Asian, 10.5% White, 69.0% American Indian and Alaska Native, 0.3% | 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 | 11% | 4% |