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The differences between junior underwriters and foreclosure specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a junior underwriter has an average salary of $51,782, which is higher than the $41,088 average annual salary of a foreclosure specialist.
The top three skills for a junior underwriter include loan programs, income documentation and credit reports. The most important skills for a foreclosure specialist are foreclosure process, insurer, and loss mitigation.
| Junior Underwriter | Foreclosure Specialist | |
| Yearly salary | $51,782 | $41,088 |
| Hourly rate | $24.90 | $19.75 |
| Growth rate | 4% | -3% |
| Number of jobs | 19,456 | 8,166 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 50% |
| Average age | 45 | 43 |
| Years of experience | 6 | - |
Working alongside senior underwriters, a junior underwriter is in charge of performing research and analysis to determine the eligibility of clients for insurance products and services. Their responsibilities include gathering and analyzing requirements, inspecting financial histories, participating in handling underwriting conditions, and monitoring current and past loans of a client. Should there be any complicated issues and concerns, they must report to the senior underwriter right away. Furthermore, a junior underwriter must carry out tasks while adhering to the company's policies and regulations.
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.
Junior underwriters and foreclosure specialists have different pay scales, as shown below.
| Junior Underwriter | Foreclosure Specialist | |
| Average salary | $51,782 | $41,088 |
| Salary range | Between $34,000 And $77,000 | Between $28,000 And $58,000 |
| Highest paying City | Hicksville, NY | - |
| Highest paying state | New York | - |
| Best paying company | Chubb | - |
| Best paying industry | Insurance | - |
There are a few differences between a junior underwriter and a foreclosure specialist in terms of educational background:
| Junior Underwriter | Foreclosure Specialist | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between junior underwriters' and foreclosure specialists' demographics:
| Junior Underwriter | Foreclosure Specialist | |
| Average age | 45 | 43 |
| Gender ratio | Male, 28.7% Female, 71.3% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 9.0% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% American Indian and Alaska Native, 0.5% | 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 | 8% | 4% |