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Foreclosure Specialist Salary

The average wage for a Foreclosure Specialist is $16.59 per hour. For the first five to ten years in this position, wages increase modestly, 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.
$29,763 - $45,853
(Median)
30K
38K
46K
MEDIAN: $38,368
10%
50%
90%

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$12.47 - $22.17
(Median)
12
15
18
22
MEDIAN: $16.00
10%
25%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$17K$34K$51K
Salary
$29,763 - $45,853  
   
Bonus
$0.00 - $6,070  
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).
)
$27,949 - $48,491  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 57
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$12.47 - $22.17  
   
Overtime
$17.37 - $32.59  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $6,070  
   
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).
)
$27,949 - $48,491  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 95
United States (change)

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

  • 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.
  • Update and maintain documentation and status of ongoing foreclosures.
  • Write and send notices, correspondence and updates to clients, banks, lawyers, and the government.

Foreclosure Specialist Job Listings

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Related Job Salaries

Experience Affects Foreclosure Specialist Salaries

Experienced
up arrow 10%

Mid-Career
up arrow 6%

National Average
$36,000

Entry-Level
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 37 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
3%
1-4 years
55%
5-9 years
19%
10-19 years
21%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 75%
vision benefits Vision: 68% employee benefits None: 15%