Correspondence coordinator vs transaction coordinator

The differences between correspondence coordinators and transaction coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a correspondence coordinator and a transaction coordinator. Additionally, a correspondence coordinator has an average salary of $45,618, which is higher than the $41,792 average annual salary of a transaction coordinator.

The top three skills for a correspondence coordinator include HIPAA, customer service and sharepoint. The most important skills for a transaction coordinator are customer service, MLS, and escrow companies.

Correspondence coordinator vs transaction coordinator overview

	Correspondence Coordinator	Transaction Coordinator
Yearly salary	$45,618	$41,792
Hourly rate	$21.93	$20.09
Growth rate	-	-3%
Number of jobs	16,466	16,804
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 54%
Average age	43	42
Years of experience	4	4

Correspondence coordinator vs transaction coordinator salary

Correspondence coordinators and transaction coordinators have different pay scales, as shown below.

	Correspondence Coordinator	Transaction Coordinator
Average salary	$45,618	$41,792
Salary range	Between $34,000 And $60,000	Between $30,000 And $57,000
Highest paying City	-	White Plains, NY
Highest paying state	-	New York
Best paying company	-	JPMorgan Chase & Co.
Best paying industry	-	Finance

Differences between correspondence coordinator and transaction coordinator education

There are a few differences between a correspondence coordinator and a transaction coordinator in terms of educational background:

	Correspondence Coordinator	Transaction Coordinator
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 54%
Most common major	Business	Business
Most common college	-	University of Pennsylvania

Correspondence coordinator vs transaction coordinator demographics

Here are the differences between correspondence coordinators' and transaction coordinators' demographics:

	Correspondence Coordinator	Transaction Coordinator
Average age	43	42
Gender ratio	Male, 23.6% Female, 76.4%	Male, 19.0% Female, 81.0%
Race ratio	Black or African American, 9.5% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 5.9% White, 63.9% American Indian and Alaska Native, 0.9%	Black or African American, 9.7% Unknown, 4.3% Hispanic or Latino, 19.3% Asian, 6.8% White, 59.6% American Indian and Alaska Native, 0.4%
LGBT Percentage	6%	7%

Differences between correspondence coordinator and transaction coordinator duties and responsibilities

Correspondence coordinator example responsibilities.

Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
Preform data entry for various HUD documents.
Review HUD as well as loan closing documents.
Process Medicaid accounts within time restraints govern by company policies.
Review patient referrals to speciality clinics to insure patients meet HMO prerequesites.
Process medicaid claimsSort and prep claimsSet up appeals submit by various providers

Transaction coordinator example responsibilities.

Manage scheduling loans for closing, handle insurance review, verify wire transfer, register and transfer loans with MERS.
Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
Ensure all documents are completed and in accordance with DRE standards.
Review and explain HUD with borrowers and loan officers prior to closing.
Verify that DRE disclosures requirements on all documents have been send on time.
Coordinate closing - arrange closing date/time, order escrow check if need, review HUD.

Correspondence coordinator vs transaction coordinator skills

Common correspondence coordinator skills

HIPAA, 18%
Customer Service, 16%
SharePoint, 14%
Subpoenas, 9%
Telephone Calls, 8%
Correspondence Procedures, 5%

Common transaction coordinator skills

Customer Service, 23%
MLS, 14%
Escrow Companies, 7%
PowerPoint, 6%
Real Estate Transactions, 6%
Data Entry, 5%

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Correspondence Coordinator
Correspondence Coordinator vs Transaction Coordinator

Updated January 8, 2025

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