1. University of Pennsylvania
Philadelphia, PA • Private
As the name implies, a foreclosure specialist is a real estate expert that deals in foreclosure duties. The duty of monitoring and managing the foreclosure process of a real estate is in their hands. For a foreclosure deal to be closed, it needs to meet the federal, state, and local government laws.
Their work includes everything, from helping distressed homeowners restructure their loans to assisting investors with selling a foreclosed property. In addition, they determine if the house owner is eligible for a restructured loan to save the property.
The specialist must have at least a high school diploma and two to three years of related experience. Some organizations demand an associate degree with completed coursework in real estate, lending practices, and foreclosure law. A foreclosure specialist can work in real estate agencies, government agencies, etc. This specialist earns an average of $43,000 per year.
There are certain skills that many foreclosure specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, organizational skills and math skills.
If you're interested in becoming a foreclosure specialist, one of the first things to consider is how much education you need. We've determined that 50.4% of foreclosure specialists have a bachelor's degree. In terms of higher education levels, we found that 4.6% of foreclosure specialists have master's degrees. Even though most foreclosure specialists have a college degree, it's possible to become one with only a high school degree or GED.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of underwriter you might progress to a role such as mortgage underwriter eventually. Later on in your career, you could end up with the title senior underwriter.
What Am I Worth?
The role of a foreclosure specialist includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general foreclosure specialist responsibilities:
There are several types of foreclosure specialist, including:
|Rank||State||Number of Jobs||Average Salary|
High School Diploma
Philadelphia, PA • Private
Evanston, IL • Private
Los Angeles, CA • Private
San Diego, CA • Private
Stanford, CA • Private
Boston, MA • Private
Stony Brook, NY • Private
New York, NY • Private
Minneapolis, MN • Private
Cambridge, MA • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 8.6% of foreclosure specialists listed foreclosure process on their resume, but soft skills such as communication skills and organizational skills are important as well.
Zippia allows you to choose from different easy-to-use Foreclosure Specialist templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Foreclosure Specialist resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|3||JPMorgan Chase & Co.||$62,477||$30.04||107|
|5||Bank of America||$47,394||$22.79||1,281|
|10||Fannie Mae Northeastern Region||$40,938||$19.68||28|