The average wage for a Foreclosure Specialist is $17.52 per hour. For the first five to ten years in this position, wages increase steeply, but any additional experience does not have a big effect on pay. Most people move on to other jobs if they have more than 20 years' experience in this field.

$32,075 - $53,561
$32K
$41K
$54K
MEDIAN: $40,962
10%
50%
90%

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$14.11 - $21.80
$14
$18
$22
MEDIAN: $17.52
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$32,075 - $53,561  
   
Bonus
$202.03 - $7,298  
Commission
$2,800  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,434 - $50,717  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 56
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$14.11 - $21.80  
   
Overtime
$28.52  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$202.03 - $7,298  
   
Commission
$2,800  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,434 - $50,717  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 80

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Foreclosure Specialist

A foreclosure specialist makes sure that foreclosures are carried out correctly and efficiently. They work with the account services and legal departments, as well as process documents from home owners, courts, lawyers, and other involved parties. Basic computer skills are important, as maintaining a database to track the foreclosure process for all accounts is needed in this position. If new accounts are acquired, the foreclosure specialist needs to enter their information; when an account makes progress in the foreclosure process, the specialist is responsible for logging updates. When documents are missing, the foreclosure specialist may be responsible for obtaining them, and they may make phone calls to make collections.

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Foreclosure Specialist Tasks

  • Update and maintain documentation and status of ongoing foreclosures.
  • Write and send notices, correspondence and updates to clients, banks, lawyers, and the government.
  • Enter data, identify gaps, and seek title or other information to complete files.
  • Perform calculations and estimates for internal, legal, governmental, client and other audiences.

Foreclosure Specialist Job Listings

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Popular Employer Salaries for Foreclosure Specialist

Pay by Experience Level for Foreclosure Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

Key Stats for Foreclosure Specialist

Gender

Female
64 %
Male
36 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 17 votes.
044
Less than 1 year
1%
1-4 years
45%
5-9 years
23%
10-19 years
26%
20 years or more
5%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Foreclosure Specialist Salaries

Mid-Career
up arrow 8%

Experienced
up arrow 5%

Late-Career
up arrow 2%

National Average
$40,000

Entry-Level
up arrow 10%

Skills That Affect Foreclosure Specialist Salaries

Microsoft Office
up arrow 5%

National Average
$40,000


Mortgage Loans
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 17 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
1%
1-4 years
45%
5-9 years
23%
10-19 years
26%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 77%
vision benefits
Vision: 70%
dental benefits
None: 14%
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