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The differences between home preservation specialists and foreclosure specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a home preservation specialist has an average salary of $41,359, which is higher than the $41,088 average annual salary of a foreclosure specialist.
The top three skills for a home preservation specialist include customer service, lieu and foreclosure process. The most important skills for a foreclosure specialist are foreclosure process, insurer, and loss mitigation.
| Home Preservation Specialist | Foreclosure Specialist | |
| Yearly salary | $41,359 | $41,088 |
| Hourly rate | $19.88 | $19.75 |
| Growth rate | -3% | -3% |
| Number of jobs | 41,730 | 8,166 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 50% |
| Average age | 42 | 43 |
| Years of experience | 4 | - |
A home preservation specialist is the go-to for clients who are looking to make inquiries in your firm, which will typically be a financial firm. A home preservation specialist is responsible for communicating with agencies or borrowers regarding any change in the current status of loans and obligations. They also have to answer inquiries from borrowers concerning the status of their loss mitigation review too.
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.
Home preservation specialists and foreclosure specialists have different pay scales, as shown below.
| Home Preservation Specialist | Foreclosure Specialist | |
| Average salary | $41,359 | $41,088 |
| Salary range | Between $28,000 And $60,000 | Between $28,000 And $58,000 |
| Highest paying City | Albany, NY | - |
| Highest paying state | New York | - |
| Best paying company | JPMorgan Chase & Co. | - |
| Best paying industry | Finance | - |
There are a few differences between a home preservation specialist and a foreclosure specialist in terms of educational background:
| Home Preservation Specialist | Foreclosure Specialist | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between home preservation specialists' and foreclosure specialists' demographics:
| Home Preservation Specialist | Foreclosure Specialist | |
| Average age | 42 | 43 |
| Gender ratio | Male, 48.2% Female, 51.8% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 13.3% Unknown, 4.2% Hispanic or Latino, 13.0% Asian, 6.4% White, 62.8% American Indian and Alaska Native, 0.4% | 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% |
| LGBT Percentage | 7% | 4% |