Mortgage Documentation Specialist Salary in Florida

Annual Median: $48,920
Hourly Median: $23.52

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Annual and Hourly Mortgage Documentation Specialist undefined, Florida Salary Table:

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
PercentileAnnual SalaryHourly Wage
10th$32,870$15.81
25th$38,920$18.71
Median$48,920$23.52
75th$59,150$28.44
90th$63,190$30.38

Best Schools to become a Mortgage Documentation Specialist in Florida 2024

Valencia College

Orlando, FL

In-State Tuition:$1,984
Out-of-State Tuition:$7,933
Admission Rate:N/A
Graduation Rate:45%
Total Enrollment:43,370

Broward College

Fort Lauderdale, FL

In-State Tuition:$1,968
Out-of-State Tuition:$7,402
Admission Rate:N/A
Graduation Rate:35%
Total Enrollment:30,057

Miami Dade College

Miami, FL

In-State Tuition:$1,987
Out-of-State Tuition:$7,947
Admission Rate:N/A
Graduation Rate:45%
Total Enrollment:47,245

Florida International University

Miami, FL

In-State Tuition:$4,721
Out-of-State Tuition:$16,529
Admission Rate:64%
Graduation Rate:69%
Total Enrollment:55,609

University of Florida

Gainesville, FL

In-State Tuition:$4,477
Out-of-State Tuition:$25,694
Admission Rate:23%
Graduation Rate:90%
Total Enrollment:55,211

Florida Atlantic University

Boca Raton, FL

In-State Tuition:$2,522
Out-of-State Tuition:$14,374
Admission Rate:81%
Graduation Rate:62%
Total Enrollment:29,592

Mortgage Documentation Specialist Salary in Florida FAQs

  • What factors influence the salary of a Credit Assessment Clerk in Florida?
    The salary of a Credit Assessment Clerk can be influenced by various factors including experience level, educational background, the size and type of employer, geographical location within Florida, and current demand for skilled professionals in the financial services industry. Clerks with specialized training or certifications may also command higher salaries.

  • Are there opportunities for career advancement in this role?
    Yes, there are several paths for career advancement for Credit Assessment Clerks. Gaining experience may lead to positions such as Credit Analyst, Loan Officer, or even management roles within the finance department. Continuing education and obtaining additional certifications in finance or credit assessment can also enhance your prospects for career growth.

  • What type of education or experience is typically required for a Credit Assessment Clerk?
    Most positions require at least a high school diploma or equivalent, although many employers prefer candidates with an associate degree or higher in finance, business administration, or a related field. Relevant experience in finance, accounting, or customer service can also be beneficial. Internships or related job roles can lend valuable experience in credit assessment processes.

  • Is it common for Credit Assessment Clerks to receive bonuses or commissions?
    While not standard across all positions, some Credit Assessment Clerks may have opportunities to earn bonuses based on performance or completion of specific targets. Additionally, those working in sales-related roles may receive commission as part of their compensation package.

  • What are the typical working hours for a Credit Assessment Clerk?
    Credit Assessment Clerks typically work full-time and may adhere to standard business hours. However, depending on the employer and workload, some may need to work overtime or flexible hours to meet deadlines.

  • What skills are essential for success as a Credit Assessment Clerk?
    Important skills for this role include attention to detail, strong analytical abilities, effective communication skills, and proficiency in using various software for data entry and financial analysis. Familiarity with credit scoring and financial regulations can also provide a significant advantage.

  • How does the job market outlook look for Credit Assessment Clerks in Florida?
    The job market for Credit Assessment Clerks continues to evolve with advancements in technology and the financial sector. There is a stable demand for skilled clerks, especially as companies seek to improve their credit evaluation processes. Staying updated on industry trends and enhancing relevant skills can further position you favorably in the job market.

  • Will continuing education impact my salary as a Credit Assessment Clerk?
    Yes, pursuing further education can potentially lead to salary increases. Obtaining certifications in areas like credit management or finance, or completing a bachelor’s degree, can make you more competitive and may enable you to qualify for higher-paying positions in the field.

  • What industries employ Credit Assessment Clerks?
    Credit Assessment Clerks can be found in a variety of industries. Common employers include banks, credit unions, financial services companies, insurance companies, and mortgage firms. Additionally, many corporations with finance departments may hire clerks to manage their internal credit assessments.