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Foreclosure specialist vs title specialist

The differences between foreclosure specialists and title specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a title specialist has an average salary of $43,378, 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 title specialist are DMV, title commitments, and data entry.

Foreclosure specialist vs title specialist overview

Foreclosure SpecialistTitle Specialist
Yearly salary$41,088$43,378
Hourly rate$19.75$20.85
Growth rate-3%17%
Number of jobs8,16619,349
Job satisfaction--
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 47%
Average age4348
Years of experience--

What does a foreclosure specialist do?

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.

What does a title specialist do?

Title specialists are legal professionals who work with clients to deal with complex issues related to property titles. These specialists must collaborate with agents, title companies, and internal departments to resolve any title and legality issues. They are required to conduct an investigation and research the title so that they can establish ownership for use in connection with the title insurance policy. Title specialists must also correct inaccuracies on vehicle titles while updating car salesmen and finance managers about changes to state laws and regulations related to vehicle titles.

Foreclosure specialist vs title specialist salary

Foreclosure specialists and title specialists have different pay scales, as shown below.

Foreclosure SpecialistTitle Specialist
Average salary$41,088$43,378
Salary rangeBetween $28,000 And $58,000Between $25,000 And $74,000
Highest paying City-Albany, NY
Highest paying state-New York
Best paying company-IBM
Best paying industry-Insurance

Differences between foreclosure specialist and title specialist education

There are a few differences between a foreclosure specialist and a title specialist in terms of educational background:

Foreclosure SpecialistTitle Specialist
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 47%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Foreclosure specialist vs title specialist demographics

Here are the differences between foreclosure specialists' and title specialists' demographics:

Foreclosure SpecialistTitle Specialist
Average age4348
Gender ratioMale, 32.2% Female, 67.8%Male, 26.9% Female, 73.1%
Race ratioBlack 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, 4.1% Unknown, 3.8% Hispanic or Latino, 10.3% Asian, 7.2% White, 73.8% American Indian and Alaska Native, 0.9%
LGBT Percentage4%8%

Differences between foreclosure specialist and title specialist duties and responsibilities

Foreclosure specialist example responsibilities.

  • Manage a SharePoint site to store all materials.
  • Manage property inspection process through network of accredit REO inspectors.
  • Manage both conforming and non-conforming loans according to FNMA guidelines to maximize recovery.
  • Work closely with assign eviction and foreclosure attorneys towards a successful lockout.
  • Communicate with attorneys in reference to their claims submit to FHLMC.
  • Update files in AS400 as well as LPS to reflect sales, mediation depositions and hearings.
  • Show more

Title specialist example responsibilities.

  • Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
  • Create order and invoice systems for new clients.
  • Audit returned closing packages for errors and follow up on errors through notary and borrower.
  • Monitor schedule closings, work in progress, and counsel/restrict agents and vendors as necessary.
  • Complete HUD-1 settlements for refinance and purchase closings base on instructions from the client's loan officer.
  • Clear table issue problems, review and explain documents to clients and complete notary duties for closing.
  • Show more

Foreclosure specialist vs title specialist skills

Common foreclosure specialist skills
  • Foreclosure Process, 9%
  • Insurer, 6%
  • Loss Mitigation, 5%
  • Litigation, 5%
  • Real Estate, 5%
  • MSP, 5%
Common title specialist skills
  • DMV, 14%
  • Title Commitments, 8%
  • Data Entry, 7%
  • Vehicle Titles, 7%
  • HOA, 6%
  • REO, 5%

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