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What is a mortgage collector and how to become one
Avg. Salary $36,748
Avg. Salary $59,228
Growth rate -8%
Growth rate 0.3%
American Indian and Alaska Native 0.49%
Asian 3.71%
Black or African American 12.63%
Hispanic or Latino 22.55%
Unknown 4.10%
White 56.54%
Genderfemale 61.72%
male 38.28%
Age - 46American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 46Stress level is high
7.1 - high
Complexity level is intermediate
7 - challenging
Work life balance is good
6.4 - fair
Mortgage collector career paths
Key steps to become a mortgage collector
Explore mortgage collector education requirements
Start to develop specific mortgage collector skills
Skills Percentages Customer Service 16.86% Payment Arrangements 14.61% Loss Mitigation 7.97% Foreclosure Process 7.58% FDCPA 6.23% Complete relevant mortgage collector training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New mortgage collectors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a mortgage collector based on U.S. Bureau of Labor Statistics data and data from real mortgage collector resumes.Research mortgage collector duties and responsibilities
- Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
- Follow rules and regulations of the FDCPA to ensure all transactions are done within the proper guidelines.
- Answer any billing questions or issues regarding the account using knowledge of the FDCPA laws and light skip tracing.
- Develop effective partnerships with non-profit organizations and community developments to improve origination of affordable housing loans for first time home buyers.
Prepare your mortgage collector resume
When your background is strong enough, you can start writing your mortgage collector resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a mortgage collector resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose from 10+ customizable mortgage collector resume templates
Build a professional mortgage collector resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your mortgage collector resume.
Apply for mortgage collector jobs
Now it's time to start searching for a mortgage collector job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first mortgage collector job
Are you a mortgage collector?
Share your story for a free salary report.
Average mortgage collector salary
The average mortgage collector salary in the United States is $36,748 per year or $18 per hour. Mortgage collector salaries range between $31,000 and $42,000 per year.
What am I worth?
How do mortgage collectors rate their job?
Mortgage collector reviews
Failure to achieve my targets
I enjoy over 31 years helping people to save there homes and pay there debt. I give options and remind them monthly when the payment is due. I have contact to help them and help the company I work for. Dealt with foreclose 31 years and help many customers. And the company in work for. Made customer comfortable to continue to pay there debt many miss informed. This job mad me feel good to help them and the company make it through. Being a lost mitigation specialist is difficult to reach out to the people I made it happen. Know my company sold out and I'm out of working at home. Please help me!!
I have nothing I did not like I enjoy my job and sad that I can't continue to collect. The company sold out.
I enjoy reach out to the customer and helping them keep there home. Offer options that were not offer before. Letting them know that I am willing to work with them and have open communication that the debt need to be made.
There is. Nothing I dont like!
Updated January 8, 2025
