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The differences between mortgage service 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 mortgage service specialist and a post closer. Additionally, a post closer has an average salary of $38,045, which is higher than the $34,920 average annual salary of a mortgage service specialist.
The top three skills for a mortgage service specialist include mortgage loans, customer service and escrow analysis. The most important skills for a post closer are loan packages, post-closer, and FHA.
| Mortgage Service Specialist | Post Closer | |
| Yearly salary | $34,920 | $38,045 |
| Hourly rate | $16.79 | $18.29 |
| Growth rate | -3% | -3% |
| Number of jobs | 22,478 | 10,407 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 41% |
| Average age | 42 | 42 |
| Years of experience | 4 | 4 |
A Mortgage Service Specialist is an expert in mortgage administrative aspects. They review and verify loan application information, file borrower information, and process paperwork with the lending bank. They also authorize and recommend personal and commercial loans for approval. Math skills are necessary for this job for accuracy in calculating both the principal and interest amounts. They should also develop skills in handling transactions, foreclosing loans, communication, attention to detail, and customer service.
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.
Mortgage service specialists and post closers have different pay scales, as shown below.
| Mortgage Service Specialist | Post Closer | |
| Average salary | $34,920 | $38,045 |
| Salary range | Between $27,000 And $43,000 | Between $29,000 And $48,000 |
| Highest paying City | Simi Valley, CA | San Ramon, CA |
| Highest paying state | California | California |
| Best paying company | Citi | Amplify Credit Union |
| Best paying industry | Finance | Insurance |
There are a few differences between a mortgage service specialist and a post closer in terms of educational background:
| Mortgage Service Specialist | Post Closer | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 41% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between mortgage service specialists' and post closers' demographics:
| Mortgage Service Specialist | Post Closer | |
| Average age | 42 | 42 |
| Gender ratio | Male, 35.1% Female, 64.9% | Male, 21.6% Female, 78.4% |
| Race ratio | Black or African American, 13.0% Unknown, 4.2% Hispanic or Latino, 17.8% Asian, 6.5% White, 58.1% 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% |