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.

$33,331 - $63,902
$33K
$42K
$64K
MEDIAN: $42,329
10%
50%
90%

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$14.86 - $24.13
$15
$19
$24
MEDIAN: $18.56
10%
50%
90%

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$0$63K
Salary $33,331 - $63,902
Bonus $734 - $8,655
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).
)
$32,048 - $56,531
  • Country: United States
  • Currency: USD
  • Updated: 16 Oct 2017
  • Individuals Reporting: 48
Hourly Data $0$41
Hourly Rate $14.86 - $24.13
Overtime $30.32
Annual Data $0$56K
Bonus $734 - $8,655
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).
)
$32,048 - $56,531
  • Country: United States
  • Currency: USD
  • Updated: 16 Oct 2017
  • Individuals Reporting: 71

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

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: $40,846

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

Foreclosure Specialist Reviews

Q: What is it like working as a Foreclosure Specialist?

Foreclosure Specialist in Ewing:
"Because you need a paycheck."
Pros: It is easy to do once you learn it.
Cons: Unnecessary stress added by supervisors.

Related Job Salaries

Key Stats for Foreclosure Specialist

Gender

Female
76 %
Male
24 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.
1-4 years
35%
5-9 years
28%
10-19 years
29%
20 years or more
8%

Experience Affects Foreclosure Specialist Salaries

Mid-Career
▲7%

▲3%

Late-Career
▼0%

National Average
$41,000

Entry-Level
▼11%

Skills That Affect Foreclosure Specialist Salaries

Microsoft Office
▲2%

National Average
$41,000

Mortgage Loans
▼2%

▼4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

1-4 years
35%
5-9 years
28%
10-19 years
29%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 74%
vision benefits
Vision: 69%
no benefits
None: 19%