Contract processor vs senior word processor

The differences between contract processors and senior word processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a contract processor and a senior word processor. Additionally, a senior word processor has an average salary of $37,800, 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 senior word processor are statistical reports, word processors, and powerpoint.

Contract processor vs senior word processor overview

	Contract Processor	Senior Word Processor
Yearly salary	$35,234	$37,800
Hourly rate	$16.94	$18.17
Growth rate	-3%	-8%
Number of jobs	13,996	6,113
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 41%
Average age	50	50
Years of experience	12	12

Contract processor vs senior word processor salary

Contract processors and senior word processors have different pay scales, as shown below.

	Contract Processor	Senior Word Processor
Average salary	$35,234	$37,800
Salary range	Between $27,000 And $45,000	Between $27,000 And $52,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between contract processor and senior word processor education

There are a few differences between a contract processor and a senior word processor in terms of educational background:

	Contract Processor	Senior Word Processor
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	-	-

Contract processor vs senior word processor demographics

Here are the differences between contract processors' and senior word processors' demographics:

	Contract Processor	Senior Word Processor
Average age	50	50
Gender ratio	Male, 28.2% Female, 71.8%	Male, 12.5% Female, 87.5%
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, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1%
LGBT Percentage	7%	7%

Differences between contract processor and senior word processor duties and responsibilities

Contract processor example responsibilities.

Coach fellow team members to help attain higher QA and assist with CANDE questions to ensure efficiency.
Process FHA, VA and CONV.
Process and pre-underwrite FHA and conventional loans.
Schedule closings and review final HUD report and any adverse compliance action.
Recognize for being proficient in thinking outside the box for satisfactory documentation to clear underwriting conditions and RESPA regulations.
Respond to mortgage lenders and taxing agency jurisdictions by utilizing effective verbal and written communication in a prompt and accurate manner.

Senior word processor example responsibilities.

Design PowerPoint presentations and marketing materials.
Design Microsoft PowerPoint presentations for the marketing department.
Work directly with mortgage lenders and foreclosure attorneys to negotiate timely and cost effective repayment plans or modifications for delinquent loans.
Maintain confidentiality of all company and patient information in accordance with HIPAA regulations.

Contract processor vs senior word processor skills

Common contract processor skills

Data Entry, 24%
Computer System, 14%
Contract Data, 9%
Process Contracts, 9%
Customer Issues, 7%
Financial Transactions, 6%

Common senior word processor skills

Statistical Reports, 17%
Word Processors, 11%
PowerPoint, 10%
Meeting Minutes, 9%
Proofread, 9%
Adobe Acrobat, 5%

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Contract Processor
Contract Processor vs Senior Word Processor

Updated January 8, 2025

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