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Resolution specialist vs mortgage specialist

The differences between resolution specialists and mortgage specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a resolution specialist, becoming a mortgage specialist takes usually requires 2-4 years. Additionally, a resolution specialist has an average salary of $38,984, which is higher than the $38,757 average annual salary of a mortgage specialist.

The top three skills for a resolution specialist include patients, phone calls and appeals. The most important skills for a mortgage specialist are customer service, residential mortgage loans, and origination.

Resolution specialist vs mortgage specialist overview

Resolution SpecialistMortgage Specialist
Yearly salary$38,984$38,757
Hourly rate$18.74$18.63
Growth rate-4%-3%
Number of jobs152,59026,471
Job satisfaction--
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 55%
Average age4042
Years of experience124

What does a resolution specialist do?

A Resolution Specialist is responsible for investigating claims and analyzing supporting documents to resolve complaints. Resolution Specialists may work for clients' disputes or employee relations, requiring them to have extensive knowledge of labor laws and regulatory policies. They conduct cross-examinations, administer negotiations, and discuss processes with the clients for high-level violations. A Resolution Specialist must have excellent communication and organizational skills, especially in representing the client and the company and coming up with the resolution that would work for both's best interests.

What does a mortgage specialist do?

Mortgage specialists are professionals who work with lending institutions to identify the best lending product for their clients in exchange for taking the title of the debtors' properties. These specialists must process mortgage loan applications by reviewing their paperwork to ensure accuracy and completeness before submitting for approval. They should monitor accounts during the bankruptcy proceedings to ensure that the rights of their clients are protected. Mortgage specialists are also required to guide associates regarding procedural guidelines from FNMA, FHLMC, and MHA.

Resolution specialist vs mortgage specialist salary

Resolution specialists and mortgage specialists have different pay scales, as shown below.

Resolution SpecialistMortgage Specialist
Average salary$38,984$38,757
Salary rangeBetween $26,000 And $57,000Between $29,000 And $51,000
Highest paying CityEwing, NJOakland, CA
Highest paying stateConnecticutWashington
Best paying companyIBMCiti
Best paying industryFinanceFinance

Differences between resolution specialist and mortgage specialist education

There are a few differences between a resolution specialist and a mortgage specialist in terms of educational background:

Resolution SpecialistMortgage Specialist
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Resolution specialist vs mortgage specialist demographics

Here are the differences between resolution specialists' and mortgage specialists' demographics:

Resolution SpecialistMortgage Specialist
Average age4042
Gender ratioMale, 36.8% Female, 63.2%Male, 39.3% Female, 60.7%
Race ratioBlack or African American, 11.4% Unknown, 5.3% Hispanic or Latino, 19.7% Asian, 7.0% White, 55.8% American Indian and Alaska Native, 0.7%Black or African American, 13.3% Unknown, 4.4% Hispanic or Latino, 14.2% Asian, 7.5% White, 60.2% American Indian and Alaska Native, 0.4%
LGBT Percentage7%7%

Differences between resolution specialist and mortgage specialist duties and responsibilities

Resolution specialist example responsibilities.

  • Used software tools including: microsoft excel, powerpoint, outlook.
  • Provide members with accurate and appropriate information to answer questions, troubleshoot issues, and resolve member complaints.
  • Respond to service inquiries regarding existing deposit accounts, ATM and debit cards, consumer loans and eCommerce applications.
  • Contribute written materials and course content for exercises to NADL training and content to PowerPoint presentations as subject matter expert.
  • Analyze, troubleshoot, and resolve complex software, hardware, and networking issues for small and large business owners.
  • Contact federal (Medicare, TRICARE), state (Medicaid), and private health insurance companies for lien information.
  • Show more

Mortgage specialist example responsibilities.

  • Manage internal team SharePoint and document repository.
  • Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
  • Work due diligence and process loans per FHLMC guidelines on conventional, USDA, FHA/VA and CHFA/DAP loans.
  • Advise clients with mortgage needs by providing information regarding traditional and government programs, including USVA, FHA and VA loans.
  • Review HUD-1's to confirm fees and charges with initial GFE and RESPA compliance, order wire and provide funding approval.
  • Maintain a working knowledge of FDCPA and RESPA guidelines.
  • Show more

Resolution specialist vs mortgage specialist skills

Common resolution specialist skills
  • Patients, 15%
  • Phone Calls, 7%
  • Appeals, 6%
  • CPT, 5%
  • Inbound Calls, 4%
  • PowerPoint, 4%
Common mortgage specialist skills
  • Customer Service, 22%
  • Residential Mortgage Loans, 6%
  • Origination, 6%
  • FHA, 5%
  • Va, 5%
  • Loan Applications, 4%

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