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The differences between foreclosure specialists and personal lines underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a personal lines underwriter has an average salary of $69,706, which is higher than the $41,088 average annual salary of a foreclosure specialist.
The top three skills for a foreclosure specialist include foreclosure process, insurer and loss mitigation. The most important skills for a personal lines underwriter are insurance policies, underwriting decisions, and loss ratio.
| Foreclosure Specialist | Personal Lines Underwriter | |
| Yearly salary | $41,088 | $69,706 |
| Hourly rate | $19.75 | $33.51 |
| Growth rate | -3% | -4% |
| Number of jobs | 8,166 | 19,754 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 64% |
| Average age | 43 | 44 |
| Years of experience | - | - |
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 personal lines underwriter works at insurance companies to ensure that clients are eligible to receive insurance services. Their responsibilities include gathering and analyzing insurance applications, verifying client information, studying financial histories and occupational risks, and conducting interviews. They may also perform clerical support tasks such as preparing and processing documents, handling calls and correspondence, and updating databases. Moreover, a personal lines underwriter typically works in a team setting, which requires an active communication line for a smooth and efficient workflow.
Foreclosure specialists and personal lines underwriters have different pay scales, as shown below.
| Foreclosure Specialist | Personal Lines Underwriter | |
| Average salary | $41,088 | $69,706 |
| Salary range | Between $28,000 And $58,000 | Between $43,000 And $111,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Capital Group |
| Best paying industry | - | Insurance |
There are a few differences between a foreclosure specialist and a personal lines underwriter in terms of educational background:
| Foreclosure Specialist | Personal Lines Underwriter | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between foreclosure specialists' and personal lines underwriters' demographics:
| Foreclosure Specialist | Personal Lines Underwriter | |
| Average age | 43 | 44 |
| Gender ratio | Male, 32.2% Female, 67.8% | Male, 43.1% Female, 56.9% |
| 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, 2.5% Hispanic or Latino, 9.8% Asian, 5.7% White, 72.5% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 4% | 9% |