Contract processor vs word processor technician

The differences between contract processors and word processor technicians 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 technician. Additionally, a word processor technician has an average salary of $37,298, 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 technician are statistical reports, powerpoint, and word processing equipment.

Contract processor vs word processor technician overview

	Contract Processor	Word Processor Technician
Yearly salary	$35,234	$37,298
Hourly rate	$16.94	$17.93
Growth rate	-3%	-
Number of jobs	13,996	11,788
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	Associate Degree, 34%
Average age	50	50
Years of experience	12	12

Contract processor vs word processor technician salary

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

	Contract Processor	Word Processor Technician
Average salary	$35,234	$37,298
Salary range	Between $27,000 And $45,000	Between $27,000 And $49,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between contract processor and word processor technician education

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

	Contract Processor	Word Processor Technician
Most common degree	Bachelor's Degree, 45%	Associate Degree, 34%
Most common major	Business	Business
Most common college	-	-

Contract processor vs word processor technician demographics

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

	Contract Processor	Word Processor Technician
Average age	50	50
Gender ratio	Male, 28.2% Female, 71.8%	Male, 14.5% Female, 85.5%
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 word processor technician 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 technician example responsibilities.

Train coworkers on an individual basis for Wang
Work directly with mortgage lenders and foreclosure attorneys to negotiate timely and cost effective repayment plans or modifications for delinquent loans.
Conduct deposit verification/prepare currency change orders by denomination for each assign customer/ ATM.

Contract processor vs word processor technician 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 technician skills

Statistical Reports, 30%
PowerPoint, 21%
Word Processing Equipment, 19%
Travel Arrangements, 17%
Statistical Data, 13%

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Contract Processor vs Word Processor Technician

Updated January 8, 2025

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