Credit products officer vs escrow officer

The differences between credit products officers and escrow officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a credit products officer and an escrow officer. Additionally, a credit products officer has an average salary of $99,608, which is higher than the $50,270 average annual salary of an escrow officer.

The top three skills for a credit products officer include credit analysis, financial statements and credit quality. The most important skills for an escrow officer are customer service, HOA, and title insurance.

Credit products officer vs escrow officer overview

	Credit Products Officer	Escrow Officer
Yearly salary	$99,608	$50,270
Hourly rate	$47.89	$24.17
Growth rate	4%	4%
Number of jobs	62,628	62,077
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 47%
Average age	45	45
Years of experience	6	6

Credit products officer vs escrow officer salary

Credit products officers and escrow officers have different pay scales, as shown below.

	Credit Products Officer	Escrow Officer
Average salary	$99,608	$50,270
Salary range	Between $58,000 And $170,000	Between $36,000 And $70,000
Highest paying City	-	Walnut Creek, CA
Highest paying state	-	New Mexico
Best paying company	-	Fidelity National Financial
Best paying industry	-	Finance

Differences between credit products officer and escrow officer education

There are a few differences between a credit products officer and an escrow officer in terms of educational background:

	Credit Products Officer	Escrow Officer
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 47%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit products officer vs escrow officer demographics

Here are the differences between credit products officers' and escrow officers' demographics:

	Credit Products Officer	Escrow Officer
Average age	45	45
Gender ratio	Male, 48.8% Female, 51.2%	Male, 14.9% Female, 85.1%
Race ratio	Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%	Black or African American, 8.8% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.2% White, 64.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between credit products officer and escrow officer duties and responsibilities

Credit products officer example responsibilities.

Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Implement SOX compliance for all AR audit functions.
Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.

Escrow officer example responsibilities.

Manage escrow department for title insurance company.
Perform closing for a variety of real estate escrows types, including but not limit to REO resale and resale escrows.
Operate multi-line phone system and perform basic office procedures.
Prepare closing documents, close escrow, TRID CD, clear title.
Order conveyance deeds and other pertinent documents from outside vendors.
Prepare documents to be record with county and return to mortgage company for conveyance.

Credit products officer vs escrow officer skills

Common credit products officer skills

Credit Analysis, 29%
Financial Statements, 20%
Credit Quality, 20%
Portfolio Management, 15%
Credit Approval, 4%
Financial Analysis, 4%

Common escrow officer skills

Customer Service, 23%
HOA, 6%
Title Insurance, 6%
Notary, 5%
Develop Client Relationships, 5%
Real Estate Transactions, 5%

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Credit Products Officer
Credit Products Officer vs Escrow Officer

Updated January 8, 2025

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