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The differences between contract processors and closing coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a contract processor, becoming a closing coordinator takes usually requires 2-4 years. Additionally, a closing coordinator has an average salary of $39,066, which is higher than the $35,234 average annual salary of a contract processor.
The top three skills for a contract processor include data entry, computer system and contract data. The most important skills for a closing coordinator are customer service, escrow, and HOA.
| Contract Processor | Closing Coordinator | |
| Yearly salary | $35,234 | $39,066 |
| Hourly rate | $16.94 | $18.78 |
| Growth rate | -3% | -3% |
| Number of jobs | 13,996 | 19,203 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 45% | Bachelor's Degree, 50% |
| Average age | 50 | 42 |
| Years of experience | 12 | 4 |
Contract processors and closing coordinators have different pay scales, as shown below.
| Contract Processor | Closing Coordinator | |
| Average salary | $35,234 | $39,066 |
| Salary range | Between $27,000 And $45,000 | Between $29,000 And $52,000 |
| Highest paying City | - | Kirkland, WA |
| Highest paying state | - | Washington |
| Best paying company | - | HarbourVest |
| Best paying industry | - | Finance |
There are a few differences between a contract processor and a closing coordinator in terms of educational background:
| Contract Processor | Closing Coordinator | |
| Most common degree | Bachelor's Degree, 45% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between contract processors' and closing coordinators' demographics:
| Contract Processor | Closing Coordinator | |
| Average age | 50 | 42 |
| Gender ratio | Male, 28.2% Female, 71.8% | Male, 20.8% Female, 79.2% |
| Race ratio | Black or African American, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1% | Black 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% |
| LGBT Percentage | 7% | 7% |