Contract processor vs typist

The differences between contract processors and typists 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 typist. Additionally, a contract processor has an average salary of $35,234, which is higher than the $32,143 average annual salary of a typist.

The top three skills for a contract processor include data entry, computer system and contract data. The most important skills for a typist are data entry, WPM, and real estate.

Contract processor vs typist overview

	Contract Processor	Typist
Yearly salary	$35,234	$32,143
Hourly rate	$16.94	$15.45
Growth rate	-3%	-5%
Number of jobs	13,996	34,028
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 30%
Average age	50	50
Years of experience	12	12

Contract processor vs typist salary

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

	Contract Processor	Typist
Average salary	$35,234	$32,143
Salary range	Between $27,000 And $45,000	Between $21,000 And $48,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Erie 2-Chautauqua-Cattaraugus BOCES
Best paying industry	-	Government

Differences between contract processor and typist education

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

	Contract Processor	Typist
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 30%
Most common major	Business	Business
Most common college	-	-

Contract processor vs typist demographics

Here are the differences between contract processors' and typists' demographics:

	Contract Processor	Typist
Average age	50	50
Gender ratio	Male, 28.2% Female, 71.8%	Male, 11.2% Female, 88.8%
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 typist 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.

Typist example responsibilities.

Process and obtain DoD secret level clearance.
Complete HTML coding for online versions of books and newsletters.
Assist in providing telephone help desk support to troubleshoot application questions.
Update title work from mark up commitment prepare by the escrow closers.
Type, copy, assemble and distribute policies to escrow officers and clients.
Type policies, endorsements, amendments and other miscellaneous materials for insure and their agents.

Contract processor vs typist skills

Common contract processor skills

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

Common typist skills

Data Entry, 19%
WPM, 13%
Real Estate, 8%
Telephone Calls, 8%
Computer Database, 6%
Escrow, 5%