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The differences between senior credit analysts and foreclosure specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior credit analyst has an average salary of $86,364, which is higher than the $41,088 average annual salary of a foreclosure specialist.
The top three skills for a senior credit analyst include credit analysis, customer service and real estate. The most important skills for a foreclosure specialist are foreclosure process, insurer, and loss mitigation.
| Senior Credit Analyst | Foreclosure Specialist | |
| Yearly salary | $86,364 | $41,088 |
| Hourly rate | $41.52 | $19.75 |
| Growth rate | 17% | -3% |
| Number of jobs | 15,221 | 8,166 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 50% |
| Average age | 39 | 43 |
| Years of experience | 2 | - |
A senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.
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.
Senior credit analysts and foreclosure specialists have different pay scales, as shown below.
| Senior Credit Analyst | Foreclosure Specialist | |
| Average salary | $86,364 | $41,088 |
| Salary range | Between $59,000 And $125,000 | Between $28,000 And $58,000 |
| Highest paying City | White Plains, NY | - |
| Highest paying state | New York | - |
| Best paying company | Apple | - |
| Best paying industry | Finance | - |
There are a few differences between a senior credit analyst and a foreclosure specialist in terms of educational background:
| Senior Credit 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 senior credit analysts' and foreclosure specialists' demographics:
| Senior Credit Analyst | Foreclosure Specialist | |
| Average age | 39 | 43 |
| Gender ratio | Male, 54.6% Female, 45.4% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% 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% |