Contract processor vs word processor lead

The differences between contract processors and word processor leads 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 word processor lead. Additionally, a word processor lead has an average salary of $36,138, 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 word processor lead are proofreading, powerpoint, and quality control procedures.

Contract processor vs word processor lead overview

	Contract Processor	Word Processor Lead
Yearly salary	$35,234	$36,138
Hourly rate	$16.94	$17.37
Growth rate	-3%	-8%
Number of jobs	13,996	7,275
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 40%
Average age	50	50
Years of experience	12	12

Contract processor vs word processor lead salary

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

	Contract Processor	Word Processor Lead
Average salary	$35,234	$36,138
Salary range	Between $27,000 And $45,000	Between $25,000 And $51,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between contract processor and word processor lead education

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

	Contract Processor	Word Processor Lead
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 40%
Most common major	Business	Business
Most common college	-	-

Contract processor vs word processor lead demographics

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

	Contract Processor	Word Processor Lead
Average age	50	50
Gender ratio	Male, 28.2% Female, 71.8%	Male, 18.4% Female, 81.6%
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 word processor lead 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.

Word processor lead example responsibilities.

Provide training on Wang OIS and Samna word processing systems.
Design PowerPoint presentations and proposals.
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 word processor lead skills

Common contract processor skills

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

Common word processor lead skills

Proofreading, 19%
PowerPoint, 14%
Quality Control Procedures, 13%
Word Processors, 13%
Proofread, 12%
Real Estate, 8%

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Contract Processor
Contract Processor vs Word Processor Lead

Updated January 8, 2025

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