Statement processor vs document processor

The differences between statement processors and document 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 statement processor and a document processor. Additionally, a statement processor has an average salary of $63,304, which is higher than the $32,730 average annual salary of a document processor.

The top three skills for a statement processor include bank statements, financial statements and computer system. The most important skills for a document processor are data entry, quality standards, and real estate.

Statement processor vs document processor overview

	Statement Processor	Document Processor
Yearly salary	$63,304	$32,730
Hourly rate	$30.43	$15.74
Growth rate	-3%	-
Number of jobs	6,101	8,761
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 35%
Average age	46	50
Years of experience	12	12

Statement processor vs document processor salary

Statement processors and document processors have different pay scales, as shown below.

	Statement Processor	Document Processor
Average salary	$63,304	$32,730
Salary range	Between $39,000 And $102,000	Between $26,000 And $40,000
Highest paying City	-	Boston, MA
Highest paying state	-	Massachusetts
Best paying company	-	Pfizer
Best paying industry	-	Insurance

Differences between statement processor and document processor education

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

	Statement Processor	Document Processor
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	Stanford University	-

Statement processor vs document processor demographics

Here are the differences between statement processors' and document processors' demographics:

	Statement Processor	Document Processor
Average age	46	50
Gender ratio	Male, 40.6% Female, 59.4%	Male, 28.9% Female, 71.1%
Race ratio	Black or African American, 10.0% Unknown, 4.5% Hispanic or Latino, 18.9% Asian, 7.4% White, 58.2% American Indian and Alaska Native, 1.0%	Black 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%
LGBT Percentage	7%	7%

Differences between statement processor and document processor duties and responsibilities

Statement processor example responsibilities.

Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
Sort incoming USPS and interoffice mail.
Respond to mortgage lenders and taxing agency jurisdictions by utilizing effective verbal and written communication in a prompt and accurate manner.
Verify the accuracy of the loan documents to the prepared HUD.
Recognize for being proficient in thinking outside the box for satisfactory documentation to clear underwriting conditions and RESPA regulations.

Document processor example responsibilities.

Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
Summer internship, FHA loan processing
Used WordPerfect in windows environment.
Scan responses using an OPEX scanner.
Enter vehicle data into the AS400 system.
Prep, scan and index documents using OnBase.

Statement processor vs document processor skills

Common statement processor skills

Bank Statements, 34%
Financial Statements, 29%
Computer System, 25%
Account Numbers, 12%

Common document processor skills

Data Entry, 51%
Quality Standards, 7%
Real Estate, 5%
Computer System, 4%
Office Equipment, 4%
Clerical Tasks, 2%

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Statement Processor
Statement Processor vs Document Processor

Updated January 8, 2025

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