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Processor vs merchandise processor

The differences between processors and merchandise processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a processor and a merchandise processor. Additionally, a processor has an average salary of $32,098, which is higher than the $31,092 average annual salary of a merchandise processor.

The top three skills for a processor include data entry, customer service and patients. The most important skills for a merchandise processor are customer service, sales floor, and basic math.

Processor vs merchandise processor overview

ProcessorMerchandise Processor
Yearly salary$32,098$31,092
Hourly rate$15.43$14.95
Growth rate-3%-4%
Number of jobs11,44813,551
Job satisfaction--
Most common degreeBachelor's Degree, 35%High School Diploma, 41%
Average age5040
Years of experience1212

What does a processor do?

Processors are employees who deal with clients and ensure that the clients' requests are provided. Processors usually handle loans or any other related claims. They are in charge of managing the submission of the clients' rights. They communicate the requirements to clients, schedule appointments, receive requirements submitted by clients, validate the requirements, and endorse further processing and approval requirements. Processors act as the bridge between clients and other institutions. They also communicate the request's status to clients and assist should it be needed after approval.

What does a merchandise processor do?

A Merchandise Processor works at warehouse facilities where they are in charge of preparing and processing merchandise. Their tasks typically revolve around monitoring inventory, organizing and labeling products, packing and tagging items, strategically arranging materials to maximize warehouse spaces, storing supplies according to protocols, and maintaining incoming and outgoing merchandise. There are also instances when they must inspect the product's quality and quantity, sort and price items, and produce reports. A Merchandise Processor typically works in a team setting, which requires an active communication line for an efficient and smooth workflow.

Processor vs merchandise processor salary

Processors and merchandise processors have different pay scales, as shown below.

ProcessorMerchandise Processor
Average salary$32,098$31,092
Salary rangeBetween $24,000 And $41,000Between $25,000 And $37,000
Highest paying CityRandolph, MALombard, IL
Highest paying stateCaliforniaNew York
Best paying companyArgonne National LaboratorySteve Madden
Best paying industryFinanceRetail

Differences between processor and merchandise processor education

There are a few differences between a processor and a merchandise processor in terms of educational background:

ProcessorMerchandise Processor
Most common degreeBachelor's Degree, 35%High School Diploma, 41%
Most common majorBusinessBusiness
Most common college--

Processor vs merchandise processor demographics

Here are the differences between processors' and merchandise processors' demographics:

ProcessorMerchandise Processor
Average age5040
Gender ratioMale, 34.0% Female, 66.0%Male, 44.0% Female, 56.0%
Race ratioBlack or African American, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1%Black or African American, 10.7% Unknown, 5.8% Hispanic or Latino, 16.8% Asian, 6.1% White, 59.8% American Indian and Alaska Native, 0.8%
LGBT Percentage7%7%

Differences between processor and merchandise processor duties and responsibilities

Processor example responsibilities.

  • Manage the project schedule and design the PowerPoint presentation.
  • Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
  • Coach fellow team members to help attain higher QA and assist with CANDE questions to ensure efficiency.
  • Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
  • Obtain title policies and process title claims to expedite REO closings and obtain clear title to properties in numerous states.
  • Mail clerk, stamp, open, count mail and match checks with EOB 's
  • Show more

Merchandise processor example responsibilities.

  • Achieve quality (IQA) standards in all areas.
  • Achieve production (UPH) standards in all areas.
  • Manage tracking for all orders, manage invoice input via QuickBooks and maintain communications with all clients and vendors.
  • Help list items on EBay.
  • Create worksheets and training packets for those procedures.
  • Review various inventory reports through WMS daily and perform relate tasks.
  • Show more

Processor vs merchandise processor skills

Common processor skills
  • Data Entry, 19%
  • Customer Service, 18%
  • Patients, 11%
  • Standard Operating Procedure, 6%
  • Strong Customer Service, 5%
  • Bank Deposits, 5%
Common merchandise processor skills
  • Customer Service, 28%
  • Sales Floor, 21%
  • Basic Math, 7%
  • Inventory Flow, 5%
  • Math, 5%
  • Customer Pick-Up, 4%

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