Foreclosure clerk vs foreclosure specialist

The differences between foreclosure clerks and foreclosure specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a foreclosure specialist has an average salary of $41,088, which is higher than the $32,734 average annual salary of a foreclosure clerk.

The top three skills for a foreclosure clerk include data entry functions, management system and sale date. The most important skills for a foreclosure specialist are foreclosure process, insurer, and loss mitigation.

Foreclosure clerk vs foreclosure specialist overview

	Foreclosure Clerk	Foreclosure Specialist
Yearly salary	$32,734	$41,088
Hourly rate	$15.74	$19.75
Growth rate	-5%	-3%
Number of jobs	66,375	8,166
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 50%
Average age	51	43
Years of experience	6	-

Foreclosure clerk vs foreclosure specialist salary

Foreclosure clerks and foreclosure specialists have different pay scales, as shown below.

	Foreclosure Clerk	Foreclosure Specialist
Average salary	$32,734	$41,088
Salary range	Between $28,000 And $37,000	Between $28,000 And $58,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between foreclosure clerk and foreclosure specialist education

There are a few differences between a foreclosure clerk and a foreclosure specialist in terms of educational background:

	Foreclosure Clerk	Foreclosure Specialist
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 50%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Foreclosure clerk vs foreclosure specialist demographics

Here are the differences between foreclosure clerks' and foreclosure specialists' demographics:

	Foreclosure Clerk	Foreclosure Specialist
Average age	51	43
Gender ratio	Male, 19.4% Female, 80.6%	Male, 32.2% Female, 67.8%
Race ratio	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 5.6% White, 68.2% American Indian and Alaska Native, 0.6%	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	7%	4%

Differences between foreclosure clerk and foreclosure specialist duties and responsibilities

Foreclosure clerk example responsibilities.

Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
Provide publications to client websites via LPS, Vendorscape, or Lenstar.
File delinquent mortgage notices with FHA, VA, and PMI.
Collect vehicle information and VIN inspections.
File necessary foreclosure claims with FHA, VA, and PMI.
Copy documents as requested for public and foreclosure mediation or AOC staff; process small copy work requests.

Foreclosure specialist example responsibilities.

Manage a SharePoint site to store all materials.
Manage property inspection process through network of accredit REO inspectors.
Manage both conforming and non-conforming loans according to FNMA guidelines to maximize recovery.
Work closely with assign eviction and foreclosure attorneys towards a successful lockout.
Communicate with attorneys in reference to their claims submit to FHLMC.
Update files in AS400 as well as LPS to reflect sales, mediation depositions and hearings.

Foreclosure clerk vs foreclosure specialist skills

Common foreclosure clerk skills

Data Entry Functions, 45%
Management System, 15%
Sale Date, 12%
Office Equipment, 11%
Demand Letters, 10%
Mortgage Loans, 8%

Common foreclosure specialist skills

Foreclosure Process, 9%
Insurer, 6%
Loss Mitigation, 5%
Litigation, 5%
Real Estate, 5%
MSP, 5%

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Foreclosure Clerk
Foreclosure Clerk vs Foreclosure Specialist

Updated January 8, 2025

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