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The differences between finance specialists and foreclosure specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance specialist has an average salary of $61,666, which is higher than the $41,088 average annual salary of a foreclosure specialist.
The top three skills for a finance specialist include customer service, phone calls and cash handling. The most important skills for a foreclosure specialist are foreclosure process, insurer, and loss mitigation.
| Finance Specialist | Foreclosure Specialist | |
| Yearly salary | $61,666 | $41,088 |
| Hourly rate | $29.65 | $19.75 |
| Growth rate | 10% | -3% |
| Number of jobs | 97,216 | 8,166 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 50% |
| Average age | 43 | 43 |
| Years of experience | - | - |
A financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.
A foreclosure specialist is a real estate professional that manages foreclosure processes. Serving in this role means that you will have responsibilities such as ensuring that aspects related to foreclosure meet all government regulations from the federal level to the state level and that deadlines are met and duly communicated to all parties involved. You may have to work with mortgage holders that run the risk of default, in which case you will be tasked with renegotiating loan agreement changes.
Finance specialists and foreclosure specialists have different pay scales, as shown below.
| Finance Specialist | Foreclosure Specialist | |
| Average salary | $61,666 | $41,088 |
| Salary range | Between $37,000 And $100,000 | Between $28,000 And $58,000 |
| Highest paying City | Washington, DC | - |
| Highest paying state | Connecticut | - |
| Best paying company | - | |
| Best paying industry | Finance | - |
There are a few differences between a finance specialist and a foreclosure specialist in terms of educational background:
| Finance Specialist | Foreclosure Specialist | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance specialists' and foreclosure specialists' demographics:
| Finance Specialist | Foreclosure Specialist | |
| Average age | 43 | 43 |
| Gender ratio | Male, 42.1% Female, 57.9% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 4% | 4% |