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The differences between foreclosure specialists and specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a specialist has an average salary of $58,013, 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 specialist are patients, customer service, and work ethic.
| Foreclosure Specialist | Specialist | |
| Yearly salary | $41,088 | $58,013 |
| Hourly rate | $19.75 | $27.89 |
| Growth rate | -3% | 10% |
| Number of jobs | 8,166 | 358,433 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 49% |
| Average age | 43 | 42 |
| Years of experience | - | 2 |
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.
Specialists are employees who are responsible for specific tasks or activities in the department they are assigned to. The actions or tasks they work on are related to their educational background or work experiences. They are usually highly skilled in specializations related to the work they are assigned to. Specialists are also highly trained on the competencies that are required of their specialty. As such, they are focused on the skills and competencies that are needed to enhance their experience in their specific field further.
Foreclosure specialists and specialists have different pay scales, as shown below.
| Foreclosure Specialist | Specialist | |
| Average salary | $41,088 | $58,013 |
| Salary range | Between $28,000 And $58,000 | Between $32,000 And $104,000 |
| Highest paying City | - | Jersey City, NJ |
| Highest paying state | - | New Jersey |
| Best paying company | - | The Citadel |
| Best paying industry | - | - |
There are a few differences between a foreclosure specialist and a specialist in terms of educational background:
| Foreclosure Specialist | Specialist | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between foreclosure specialists' and specialists' demographics:
| Foreclosure Specialist | Specialist | |
| Average age | 43 | 42 |
| Gender ratio | Male, 32.2% Female, 67.8% | Male, 47.5% Female, 52.5% |
| 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, 11.4% Unknown, 5.4% Hispanic or Latino, 16.4% Asian, 10.5% White, 55.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 4% | 11% |