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The differences between foreclosure specialists and loan analysts 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 $37,857 average annual salary of a loan analyst.
The top three skills for a foreclosure specialist include foreclosure process, insurer and loss mitigation. The most important skills for a loan analyst are loan documentation, customer service, and real estate.
| Foreclosure Specialist | Loan Analyst | |
| Yearly salary | $41,088 | $37,857 |
| Hourly rate | $19.75 | $18.20 |
| Growth rate | -3% | 4% |
| Number of jobs | 8,166 | 24,756 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 66% |
| Average age | 43 | 45 |
| Years of experience | - | 6 |
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.
A loan analyst is responsible for determining the eligibility of loan applicants in purchasing loan services by analyzing their application documents, account statements, and financial and credit status. Loan analysts evaluate loan agreements and payment plans and explain feasibility to the customers and loan officers before granting the loan. They also provide loan options and alternatives to the clients according to their needs and risk limitations. A loan analyst must have excellent knowledge of the loan and financial industry, especially in handling credit policies and loan processes and ensuring timely submission of reports.
Foreclosure specialists and loan analysts have different pay scales, as shown below.
| Foreclosure Specialist | Loan Analyst | |
| Average salary | $41,088 | $37,857 |
| Salary range | Between $28,000 And $58,000 | Between $24,000 And $58,000 |
| Highest paying City | - | Raleigh, NC |
| Highest paying state | - | South Dakota |
| Best paying company | - | Barclays |
| Best paying industry | - | Finance |
There are a few differences between a foreclosure specialist and a loan analyst in terms of educational background:
| Foreclosure Specialist | Loan Analyst | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between foreclosure specialists' and loan analysts' demographics:
| Foreclosure Specialist | Loan Analyst | |
| Average age | 43 | 45 |
| Gender ratio | Male, 32.2% Female, 67.8% | Male, 43.2% Female, 56.8% |
| 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, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 4% | 8% |