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The differences between mortgage analysts and foreclosure specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a foreclosure specialist has an average salary of $41,088, which is higher than the $32,763 average annual salary of a mortgage analyst.
The top three skills for a mortgage analyst include origination, financial statements and excellent organizational. The most important skills for a foreclosure specialist are foreclosure process, insurer, and loss mitigation.
| Mortgage Analyst | Foreclosure Specialist | |
| Yearly salary | $32,763 | $41,088 |
| Hourly rate | $15.75 | $19.75 |
| Growth rate | 4% | -3% |
| Number of jobs | 22,208 | 8,166 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 50% |
| Average age | 39 | 43 |
| Years of experience | 2 | - |
Mortgage analysts are financial professionals who are responsible for executing mortgage or loan applications by assessing financial risks and rewards. These analysts are required to analyze the financial and supporting documents on incoming applications to determine whether they are consistent with the internal and insurer policies. They must determine their borrowers' creditworthiness by evaluating property values based on appraised market prices. Mortgage analysts should also collaborate with credit bureaus and reporting agencies to investigate the credit ratings of loan applicants.
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.
Mortgage analysts and foreclosure specialists have different pay scales, as shown below.
| Mortgage Analyst | Foreclosure Specialist | |
| Average salary | $32,763 | $41,088 |
| Salary range | Between $13,000 And $77,000 | Between $28,000 And $58,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Citi | - |
| Best paying industry | - | - |
There are a few differences between a mortgage analyst and a foreclosure specialist in terms of educational background:
| Mortgage Analyst | Foreclosure Specialist | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between mortgage analysts' and foreclosure specialists' demographics:
| Mortgage Analyst | Foreclosure Specialist | |
| Average age | 39 | 43 |
| Gender ratio | Male, 54.1% Female, 45.9% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 8.2% Unknown, 2.7% Hispanic or Latino, 9.8% Asian, 9.6% White, 69.3% American Indian and Alaska Native, 0.3% | 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 | 11% | 4% |