Foreclosure clerk vs payment processor

The differences between foreclosure clerks and payment processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a foreclosure clerk and a payment processor. Additionally, a payment processor has an average salary of $34,030, 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 payment processor are customer service, patients, and data entry.

Foreclosure clerk vs payment processor overview

	Foreclosure Clerk	Payment Processor
Yearly salary	$32,734	$34,030
Hourly rate	$15.74	$16.36
Growth rate	-5%	-5%
Number of jobs	66,375	33,161
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 35%
Average age	51	51
Years of experience	6	6

Foreclosure clerk vs payment processor salary

Foreclosure clerks and payment processors have different pay scales, as shown below.

	Foreclosure Clerk	Payment Processor
Average salary	$32,734	$34,030
Salary range	Between $28,000 And $37,000	Between $27,000 And $42,000
Highest paying City	-	San Jose, CA
Highest paying state	-	Alaska
Best paying company	-	University of California, Berkeley
Best paying industry	-	Insurance

Differences between foreclosure clerk and payment processor education

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

	Foreclosure Clerk	Payment Processor
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Foreclosure clerk vs payment processor demographics

Here are the differences between foreclosure clerks' and payment processors' demographics:

	Foreclosure Clerk	Payment Processor
Average age	51	51
Gender ratio	Male, 19.4% Female, 80.6%	Male, 21.5% Female, 78.5%
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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between foreclosure clerk and payment processor 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.

Payment processor example responsibilities.

Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
Maintain daily transactions for customer payments and various bank accounts using Quickbooks to track transactions.
Prepare and print all reports for EDI processing.
Maintain client customer confidentiality and HIPAA regulations with all data handling and transfers.
Uphold and reinforce compliance with hospital policies and federal regulations such as HIPAA.
Investigate and take corrective action regarding invoices reject by system or through EDI.

Foreclosure clerk vs payment processor 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 payment processor skills

Customer Service, 15%
Patients, 10%
Data Entry, 10%
ACH, 8%
Phone Calls, 5%
Credit Card Payments, 4%