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The differences between home preservation specialists and mortgage 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 mortgage specialist. Additionally, a home preservation specialist has an average salary of $41,359, which is higher than the $38,757 average annual salary of a mortgage specialist.
The top three skills for a home preservation specialist include customer service, lieu and foreclosure process. The most important skills for a mortgage specialist are customer service, residential mortgage loans, and origination.
| Home Preservation Specialist | Mortgage Specialist | |
| Yearly salary | $41,359 | $38,757 |
| Hourly rate | $19.88 | $18.63 |
| Growth rate | -3% | -3% |
| Number of jobs | 41,730 | 26,471 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 55% |
| 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.
Mortgage specialists are professionals who work with lending institutions to identify the best lending product for their clients in exchange for taking the title of the debtors' properties. These specialists must process mortgage loan applications by reviewing their paperwork to ensure accuracy and completeness before submitting for approval. They should monitor accounts during the bankruptcy proceedings to ensure that the rights of their clients are protected. Mortgage specialists are also required to guide associates regarding procedural guidelines from FNMA, FHLMC, and MHA.
Home preservation specialists and mortgage specialists have different pay scales, as shown below.
| Home Preservation Specialist | Mortgage Specialist | |
| Average salary | $41,359 | $38,757 |
| Salary range | Between $28,000 And $60,000 | Between $29,000 And $51,000 |
| Highest paying City | Albany, NY | Oakland, CA |
| Highest paying state | New York | Washington |
| Best paying company | JPMorgan Chase & Co. | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a home preservation specialist and a mortgage specialist in terms of educational background:
| Home Preservation Specialist | Mortgage Specialist | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between home preservation specialists' and mortgage specialists' demographics:
| Home Preservation Specialist | Mortgage Specialist | |
| Average age | 42 | 42 |
| Gender ratio | Male, 48.2% Female, 51.8% | Male, 39.3% Female, 60.7% |
| 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, 13.3% Unknown, 4.4% Hispanic or Latino, 14.2% Asian, 7.5% White, 60.2% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 7% | 7% |