Escrow representative vs credit representative

The differences between escrow representatives and credit representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both an escrow representative and a credit representative. Additionally, an escrow representative has an average salary of $52,342, which is higher than the $39,268 average annual salary of a credit representative.

The top three skills for an escrow representative include customer service, property taxes and RESPA. The most important skills for a credit representative are customer service, customer accounts, and patients.

Escrow representative vs credit representative overview

	Escrow Representative	Credit Representative
Yearly salary	$52,342	$39,268
Hourly rate	$25.16	$18.88
Growth rate	4%	-8%
Number of jobs	1,624	73,520
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 47%
Average age	39	39
Years of experience	2	2

Escrow representative vs credit representative salary

Escrow representatives and credit representatives have different pay scales, as shown below.

	Escrow Representative	Credit Representative
Average salary	$52,342	$39,268
Salary range	Between $39,000 And $70,000	Between $28,000 And $54,000
Highest paying City	-	White Plains, NY
Highest paying state	-	New York
Best paying company	-	Systemax
Best paying industry	-	Construction

Differences between escrow representative and credit representative education

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

	Escrow Representative	Credit Representative
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 47%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Escrow representative vs credit representative demographics

Here are the differences between escrow representatives' and credit representatives' demographics:

	Escrow Representative	Credit Representative
Average age	39	39
Gender ratio	Male, 31.9% Female, 68.1%	Male, 29.5% Female, 70.5%
Race ratio	Black or African American, 6.5% Unknown, 2.8% Hispanic or Latino, 10.6% Asian, 10.7% White, 69.1% American Indian and Alaska Native, 0.3%	Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 10.0% Asian, 7.8% White, 71.0% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between escrow representative and credit representative duties and responsibilities

Escrow representative example responsibilities.

Conduct in-services on managing patients with chemotherapy-induce anemia to nursing staff at inpatient and outpatient facilities, providing treatment algorithms.
Train to immediately recognize various commercial and government plans and redirect patients, as necessary, to correct medical facility.
Manage escrow department for title insurance company.

Credit representative example responsibilities.

Manage portfolio utilizing AS400 and GetPaid systems.
Manage all credit files and process credit reports from various credit reporting sources including TRW and Dunn & Bradstreet.
Manage customer relations with internal personnel, group administrators, brokers and members as related to Medicare insurance.
Apply customer credit card and ACH payments.
Perform the posting of checks refunds and credit cards into the AS400 database.
Collect invoices through wire payment, ACH payments, and overnight mail options.

Escrow representative vs credit representative skills

Common escrow representative skills

Customer Service, 30%
Property Taxes, 12%
RESPA, 11%
Residential Loans, 11%
FHA, 10%
Account Numbers, 6%

Common credit representative skills

Customer Service, 22%
Customer Accounts, 6%
Patients, 5%
Credit Card Payments, 4%
Credit Balances, 4%
Payment Arrangements, 4%

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Escrow Representative
Escrow Representative vs Credit Representative

Updated January 8, 2025

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