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The differences between escrow representatives and loan services representatives can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become an escrow representative, becoming a loan services representative takes usually requires 2-4 years. Additionally, an escrow representative has an average salary of $52,342, which is higher than the $38,603 average annual salary of a loan services representative.
The top three skills for an escrow representative include customer service, property taxes and RESPA. The most important skills for a loan services representative are customer service, loan payments, and outbound calls.
| Escrow Representative | Loan Services Representative | |
| Yearly salary | $52,342 | $38,603 |
| Hourly rate | $25.16 | $18.56 |
| Growth rate | 4% | -3% |
| Number of jobs | 1,624 | 85,475 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 47% |
| Average age | 39 | 42 |
| Years of experience | 2 | 4 |
Escrow representatives and loan services representatives have different pay scales, as shown below.
| Escrow Representative | Loan Services Representative | |
| Average salary | $52,342 | $38,603 |
| Salary range | Between $39,000 And $70,000 | Between $15,000 And $98,000 |
| Highest paying City | - | Baltimore, MD |
| Highest paying state | - | New York |
| Best paying company | - | Jersey Shore State Bank |
| Best paying industry | - | Finance |
There are a few differences between an escrow representative and a loan services representative in terms of educational background:
| Escrow Representative | Loan Services 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 |
Here are the differences between escrow representatives' and loan services representatives' demographics:
| Escrow Representative | Loan Services Representative | |
| Average age | 39 | 42 |
| Gender ratio | Male, 31.9% Female, 68.1% | Male, 26.8% Female, 73.2% |
| 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, 11.7% Unknown, 4.4% Hispanic or Latino, 17.0% Asian, 7.1% White, 59.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 11% | 7% |