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Title processor vs closing agent

The differences between title processors and closing agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a closing agent has an average salary of $47,582, which is higher than the $42,096 average annual salary of a title processor.

The top three skills for a title processor include data entry, title commitments and customer service. The most important skills for a closing agent are settlement statements, escrow accounts, and notary.

Title processor vs closing agent overview

Title ProcessorClosing Agent
Yearly salary$42,096$47,582
Hourly rate$20.24$22.88
Growth rate5%5%
Number of jobs7,06827,073
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 46%
Average age4849
Years of experience--

Title processor vs closing agent salary

Title processors and closing agents have different pay scales, as shown below.

Title ProcessorClosing Agent
Average salary$42,096$47,582
Salary rangeBetween $30,000 And $58,000Between $34,000 And $65,000
Highest paying CityLaurel, MD-
Highest paying stateNew York-
Best paying companyBNP Paribas-
Best paying industryInsurance-

Differences between title processor and closing agent education

There are a few differences between a title processor and a closing agent in terms of educational background:

Title ProcessorClosing Agent
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 46%
Most common majorBusinessBusiness
Most common college--

Title processor vs closing agent demographics

Here are the differences between title processors' and closing agents' demographics:

Title ProcessorClosing Agent
Average age4849
Gender ratioMale, 17.3% Female, 82.7%Male, 24.2% Female, 75.8%
Race ratioBlack or African American, 4.1% Unknown, 3.8% Hispanic or Latino, 10.3% Asian, 7.2% White, 73.8% American Indian and Alaska Native, 0.9%Black or African American, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.7% White, 70.4% American Indian and Alaska Native, 0.3%
LGBT Percentage8%13%

Differences between title processor and closing agent duties and responsibilities

Title processor example responsibilities.

  • Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
  • Audit loan documentation to ensure all require RESPA documents and procedures are completed.
  • Order payoffs on mortgages, judgments, HOA status letters and liens attach to the subject property.
  • Provide updates to REO listing agents and selling agents, as well as communicating with asset managers.
  • Correspond with banks, lenders, underwriters, attorneys, HOA's, tax offices, clerk of court, etc.
  • Probate filing for formal and summary administrations including use of Lexus-Nexus software.
  • Show more

Closing agent example responsibilities.

  • Manage escrow department for title insurance company.
  • Work as a mobile notary for various banks, mortgage companies, title and signing services.
  • Schedule, arrange, process, close and disburse REO auction sale transactions in the state of Wisconsin.
  • Certify signing agent/commission notary public - Oregon.
  • Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
  • Work directly with the VP of procurement to provide education concerning legal contract implementation.

Title processor vs closing agent skills

Common title processor skills
  • Data Entry, 12%
  • Title Commitments, 11%
  • Customer Service, 8%
  • Escrow, 8%
  • Estoppel, 6%
  • Mortgage Payoffs, 6%
Common closing agent skills
  • Settlement Statements, 14%
  • Escrow Accounts, 9%
  • Notary, 9%
  • HUD-1, 8%
  • Title Commitments, 7%
  • Loan Closings, 5%