Mortgage Collector Education Requirements And Courses

Mortgage collector education requirements

Updated January 8, 2025

2 min read

Usually, mortgage collectors don't need a college education. The most common degree for mortgage collectors is bachelor's degree with 38% graduates, with only 26% mortgage collector graduates earning high school diploma. Mortgage collectors who decided to graduate from college often finish University of Phoenix or DeVry University. Some good skills to have in this position include customer service, payment arrangements and loss mitigation.

What education do you need to become a mortgage collector?

What degree do you need to be a mortgage collector?

The most common degree for mortgage collectors is bachelor's degree, with 38% of mortgage collectors earning that degree. The second and third most common degree levels are high school diploma degree at 26% and high school diploma degree at 23%.

Bachelor's, 38%

High School Diploma, 26%

Associate, 23%

Diploma, 7%

Other Degrees, 6%

What should I major in to become a mortgage collector?

You should major in business to become a mortgage collector. 32% of mortgage collectors major in business. Other common majors for a mortgage collector include accounting and criminal justice.

Business, 32%

Accounting, 8%

Criminal Justice, 6%

Health Care Administration, 5%

Other Majors, 49%

Best majors for mortgage collectors

Rank	Major	Percentages
1	Business	31.8%
2	Accounting	8.1%
3	Criminal Justice	6.1%
4	Health Care Administration	5.1%
5	Communication	5.1%

Show more common mortgage collector majors

20 best online courses for mortgage collectors

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1. Financial Accounting-Adjusting Entries & Financial Statement

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Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting...

2. Accounting & Financial Statement Analysis: Complete Training

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Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...

3. Financial Accounting & Excel-Comprehensive Accounting Course

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Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...

4. Accounting basics, create financial statements easily

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Discover, develop, practice your financial information and explore the world of accounting...

5. Become a Mortgage Loan Processor

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Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...

6. Financial Accounting-Debits & Credits-Accounting Transaction

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Masterclass: Learn Accounting Principles, Financial Statements, Transactions & More in this Comprehensive Course...

7. Principles of Financial Accounting

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Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...

8. Financial Accounting: The Complete Introductory Crash Course

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Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...

9. Advanced Financial Accounting: Acquisitions & Consolidations

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Acquisitions, Consolidations, and Reporting. Master complex concepts and applications...

10. ACCA: FA (F3) Financial Accounting

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Let's get to grasps of how to perform the basics of financial accounting...

11. How to Read Financial Statements: Build Financial Literacy.

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Read financial statements and speak the language of business without the drudgery of a traditional accounting course...

12. Introductory Financial Accounting

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Learn the basics of Accounting including: the accounting cycle, inventory, depreciation, receivables, and more!...

13. Accounting, Bookkeeping & Financial Analysis (Accounting)

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Accounting & Bookkeeping Basics. Accounting & Financial Analysis Concepts. Learn Accounting & Bookkeeping...

14. Advanced Mortgage Loan Processor: Essential Skills Training

4.5

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Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...

15. Loan Processor & MLO Mortgage Math: Problems & Solutions

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Mortgage skills training and SAFE Mortgage Loan Originator Licensing Exam math prep with 115 problems & solutions...

16. Financial Statement Analysis

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Learn how to make understanding financial statements your superpower!...

17. Mastering the Pre-qualification Process of a Mortgage Loan

4.3

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CEO and Founder of Finibi Mortgage teaches you how to pre-qualify borrowers from start to finish...

18. Accounting Made Easy: A Quick Guide to Financial Accounting

4.5

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Accounting is not about Math, it is about concepts. And no one said it has to be hard. Learn the basics in just 2 hours!...

19. Accounting for Corporations - Financial Accounting

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Demystifying Corporate Accounting: An In-depth Exploration of Financial Transactions in Corporations...

20. Financial Accounting - Closing Process

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Conquering the Closing Process: A Thorough Exploration of the Final Step in Accounting...

Average mortgage collector salary by education level

According to our data, mortgage collectors with a Bachelor's degree earn the highest average salary, at $38,221 annually. Mortgage collectors with a Associate degree earn an average annual salary of $36,991.

Mortgage collector education level	Mortgage collector salary
High School Diploma or Less	$36,982
Bachelor's Degree	$38,221
Some College/ Associate Degree	$36,991