Foreclosure Specialist Salary

The average wage for a Foreclosure Specialist is $17.61 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.

$32,532 - $55,802
$33K
$41K
$56K
MEDIAN: $40,844
10%
50%
90%

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$14.41 - $23.91
$14
$18
$24
MEDIAN: $18.29
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$19K$38K$57K
Salary
$32,532 - $55,802  
   
Bonus
$202.03 - $8,609  
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).
)
$30,938 - $53,048  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 52
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$18$36$54
Hourly Rate
$14.41 - $23.91  
   
Overtime
$19.77 - $51.37  
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$50K$100K$150K
Bonus
$202.03 - $8,609  
   
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).
)
$30,938 - $53,048  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 81

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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

Pay by Experience for a Foreclosure Specialist has a positive trend. An entry-level Foreclosure Specialist with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 75 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Foreclosure Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $44,000 based on 46 salaries. An experienced Foreclosure Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $42,000 based on 34 salaries. A Foreclosure Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $41,000 based on 7 salaries.

Pay Difference by Location

National Average: $39,953

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Foreclosure Specialist

Gender

Female
70 %
Male
30 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.
Less than 1 year
2%
1-4 years
39%
5-9 years
27%
10-19 years
26%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Foreclosure Specialist Salaries

Mid-Career
▲10%

▲6%

Late-Career
▲2%

National Average
$40,000

Entry-Level
▼9%

Skills That Affect Foreclosure Specialist Salaries

Microsoft Office
▲4%

Mortgage Loans
▲1%

National Average
$40,000

▼2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
2%
1-4 years
39%
5-9 years
27%
10-19 years
26%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 77%
vision benefits
Vision: 71%
no benefits
None: 15%
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