Avg. Base Hourly Rate (USD)
The average hourly pay for a Foreclosure Specialist is $21.17 in 2024
What is the Pay by Experience Level for Foreclosure Specialists?
An early career Foreclosure Specialist with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $18.86 based on 31 salaries. A mid-career Foreclosure Specialist with 5-9 years of experience earns an average total compensation of $23.53 based on 20 salaries. An experienced …Read more
What Do Foreclosure Specialists Do?
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 …Read more
- 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.
How do Foreclosure Specialists Rate Their Jobs?
FAQs About Foreclosure Specialists
What is the highest pay for Foreclosure Specialists?
Our data indicates that the highest pay for a Foreclosure Specialist is $30.78 / hour
What is the lowest pay for Foreclosure Specialists?
Our data indicates that the lowest pay for a Foreclosure Specialist is $16.82 / hour
How can Foreclosure Specialists increase their salary?
Increasing your pay as a Foreclosure Specialist is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Foreclosure Specialist that oversees more junior Foreclosure Specialists, this experience can increase the likelihood to earn more.