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The differences between loan documentation specialists and post closers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a loan documentation specialist and a post closer. Additionally, a post closer has an average salary of $38,045, which is higher than the $35,946 average annual salary of a loan documentation specialist.
The top three skills for a loan documentation specialist include customer service, loan applications and real estate loans. The most important skills for a post closer are loan packages, post-closer, and FHA.
| Loan Documentation Specialist | Post Closer | |
| Yearly salary | $35,946 | $38,045 |
| Hourly rate | $17.28 | $18.29 |
| Growth rate | -3% | -3% |
| Number of jobs | 11,768 | 10,407 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 41% |
| Average age | 42 | 42 |
| Years of experience | 4 | 4 |
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.
Post closers require an associate degree or certification in addition to 1-3 years of related experience. Skills in customer support, document review, loan processing, quality assurance processing, and loan software are also necessary for this career. Port closers assist with the mortgage loan closing process by reviewing loan documents for compliance, completeness, and accuracy. They also find missing information, prepare files and provide internal and external customer support.
Loan documentation specialists and post closers have different pay scales, as shown below.
| Loan Documentation Specialist | Post Closer | |
| Average salary | $35,946 | $38,045 |
| Salary range | Between $28,000 And $45,000 | Between $29,000 And $48,000 |
| Highest paying City | Eugene, OR | San Ramon, CA |
| Highest paying state | Washington | California |
| Best paying company | City National Bank | Amplify Credit Union |
| Best paying industry | Finance | Insurance |
There are a few differences between a loan documentation specialist and a post closer in terms of educational background:
| Loan Documentation Specialist | Post Closer | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 41% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan documentation specialists' and post closers' demographics:
| Loan Documentation Specialist | Post Closer | |
| Average age | 42 | 42 |
| Gender ratio | Male, 29.9% Female, 70.1% | Male, 21.6% Female, 78.4% |
| Race ratio | 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% | Black or African American, 13.4% Unknown, 4.2% Hispanic or Latino, 16.7% Asian, 6.6% White, 58.6% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 7% | 7% |