Student loan correspondent vs escrow officer

The differences between student loan correspondents and escrow officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a student loan correspondent and an escrow officer. Additionally, an escrow officer has an average salary of $50,270, which is higher than the $46,486 average annual salary of a student loan correspondent.

The top three skills for a student loan correspondent include customer service, inbound calls and outbound calls. The most important skills for an escrow officer are customer service, HOA, and title insurance.

Student loan correspondent vs escrow officer overview

	Student Loan Correspondent	Escrow Officer
Yearly salary	$46,486	$50,270
Hourly rate	$22.35	$24.17
Growth rate	4%	4%
Number of jobs	18,088	62,077
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 47%
Average age	45	45
Years of experience	6	6

Student loan correspondent vs escrow officer salary

Student loan correspondents and escrow officers have different pay scales, as shown below.

	Student Loan Correspondent	Escrow Officer
Average salary	$46,486	$50,270
Salary range	Between $33,000 And $65,000	Between $36,000 And $70,000
Highest paying City	-	Walnut Creek, CA
Highest paying state	-	New Mexico
Best paying company	-	Fidelity National Financial
Best paying industry	-	Finance

Differences between student loan correspondent and escrow officer education

There are a few differences between a student loan correspondent and an escrow officer in terms of educational background:

	Student Loan Correspondent	Escrow Officer
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 47%
Most common major	Business	Business
Most common college	Massachusetts Institute of Technology	University of Pennsylvania

Student loan correspondent vs escrow officer demographics

Here are the differences between student loan correspondents' and escrow officers' demographics:

	Student Loan Correspondent	Escrow Officer
Average age	45	45
Gender ratio	Male, 36.1% Female, 63.9%	Male, 14.9% Female, 85.1%
Race ratio	Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5%	Black or African American, 8.8% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.2% White, 64.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between student loan correspondent and escrow officer duties and responsibilities

Student loan correspondent example responsibilities.

Develop Facebook strategy, execute launch and manage content.
Proofread and edit correspondence for accuracy and quality standards.
Interview prospective lenders to for additional services; significantly expand company lender sources in both purchase and refinance markets.
Analyze mortgagors for approval of HAMP or traditional modification.

Escrow officer example responsibilities.

Manage escrow department for title insurance company.
Perform closing for a variety of real estate escrows types, including but not limit to REO resale and resale escrows.
Operate multi-line phone system and perform basic office procedures.
Prepare closing documents, close escrow, TRID CD, clear title.
Order conveyance deeds and other pertinent documents from outside vendors.
Prepare documents to be record with county and return to mortgage company for conveyance.

Student loan correspondent vs escrow officer skills

Common student loan correspondent skills

Customer Service, 24%
Inbound Calls, 18%
Outbound Calls, 13%
Student Loan Debt, 6%
Payment Arrangements, 5%
Credit Card, 5%

Common escrow officer skills

Customer Service, 23%
HOA, 6%
Title Insurance, 6%
Notary, 5%
Develop Client Relationships, 5%
Real Estate Transactions, 5%

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Student Loan Correspondent
Student Loan Correspondent vs Escrow Officer

Updated January 8, 2025

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