Post closer vs application processor

The differences between post closers and application processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a post closer and an application processor. Additionally, a post closer has an average salary of $38,045, which is higher than the $32,435 average annual salary of an application processor.

The top three skills for a post closer include loan packages, post-closer and FHA. The most important skills for an application processor are data entry, loan applications, and application processing.

Post closer vs application processor overview

	Post Closer	Application Processor
Yearly salary	$38,045	$32,435
Hourly rate	$18.29	$15.59
Growth rate	-3%	-3%
Number of jobs	10,407	20,859
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 41%	Bachelor's Degree, 41%
Average age	42	42
Years of experience	4	4

Post closer vs application processor salary

Post closers and application processors have different pay scales, as shown below.

	Post Closer	Application Processor
Average salary	$38,045	$32,435
Salary range	Between $29,000 And $48,000	Between $27,000 And $38,000
Highest paying City	San Ramon, CA	Santa Rosa, CA
Highest paying state	California	West Virginia
Best paying company	Amplify Credit Union	PSECU
Best paying industry	Insurance	Manufacturing

Differences between post closer and application processor education

There are a few differences between a post closer and an application processor in terms of educational background:

	Post Closer	Application Processor
Most common degree	Bachelor's Degree, 41%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Post closer vs application processor demographics

Here are the differences between post closers' and application processors' demographics:

	Post Closer	Application Processor
Average age	42	42
Gender ratio	Male, 21.6% Female, 78.4%	Male, 25.2% Female, 74.8%
Race ratio	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%	Black or African American, 13.6% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 7.2% White, 61.2% American Indian and Alaska Native, 0.4%
LGBT Percentage	7%	7%

Differences between post closer and application processor duties and responsibilities

Post closer example responsibilities.

Manage individual pipeline using the LPS system.
Review all types of loans (i.e., conventional, FHA, VA) for program accuracy and compliance.
Prepare HUD-1 settlement statements, review balance sheet, doc prep closing package, disburse checks and balance ledgers.
Partner with secondary investors to resolve loan irregularities to ensure files meet HUD, HMDA, and RESPA guidelines.
Review Hud-1 or settlement statements for accuracy.
Prepare conveyance package for clients.

Application processor example responsibilities.

Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
Execute the origination process, including ordering credit reports, appraisals and preliminary title reports.
Work in mailroom sorting mail by zip codes.
Maintain A/P, A/R, and report payroll.
Participate in specialty functions of all aspects of the mailroom.
Utilize PeopleSoft and OnBase programs to classify and index data.

Post closer vs application processor skills

Common post closer skills

Loan Packages, 17%
Post-Closer, 16%
FHA, 8%
Va, 8%
Escrow, 6%
Mers, 5%

Common application processor skills

Data Entry, 32%
Loan Applications, 9%
Application Processing, 8%
Medicaid, 6%
Customer Accounts, 5%
Origination, 4%