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The differences between home preservation specialists and loan documentation specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a home preservation specialist and a loan documentation specialist. Additionally, a home preservation specialist has an average salary of $41,359, which is higher than the $35,946 average annual salary of a loan documentation specialist.
The top three skills for a home preservation specialist include customer service, lieu and foreclosure process. The most important skills for a loan documentation specialist are customer service, loan applications, and real estate loans.
| Home Preservation Specialist | Loan Documentation Specialist | |
| Yearly salary | $41,359 | $35,946 |
| Hourly rate | $19.88 | $17.28 |
| Growth rate | -3% | -3% |
| Number of jobs | 41,730 | 11,768 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 59% |
| Average age | 42 | 42 |
| Years of experience | 4 | 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 loan documentation specialist is primarily in charge of assisting clients in preparing and processing their loan applications, ensuring convenience and client satisfaction. Their responsibilities typically revolve around liaising with clients to identify their needs, explaining the extent of procedures, gathering and verifying requirements, and maintaining records of all transactions. They must also help staff in analyzing documentation and participate in training new workers. Furthermore, as a loan documentation specialist, it is essential to devise strategies to optimize documentation services, all while adhering to the company's policies and regulations.
Home preservation specialists and loan documentation specialists have different pay scales, as shown below.
| Home Preservation Specialist | Loan Documentation Specialist | |
| Average salary | $41,359 | $35,946 |
| Salary range | Between $28,000 And $60,000 | Between $28,000 And $45,000 |
| Highest paying City | Albany, NY | Eugene, OR |
| Highest paying state | New York | Washington |
| Best paying company | JPMorgan Chase & Co. | City National Bank |
| Best paying industry | Finance | Finance |
There are a few differences between a home preservation specialist and a loan documentation specialist in terms of educational background:
| Home Preservation Specialist | Loan Documentation Specialist | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between home preservation specialists' and loan documentation specialists' demographics:
| Home Preservation Specialist | Loan Documentation Specialist | |
| Average age | 42 | 42 |
| Gender ratio | Male, 48.2% Female, 51.8% | Male, 29.9% Female, 70.1% |
| 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, 11.8% Unknown, 4.4% Hispanic or Latino, 12.3% Asian, 8.2% White, 62.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 7% | 7% |