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Mortgage collector vs account representative

The differences between mortgage collectors and account representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a mortgage collector and an account representative. Additionally, an account representative has an average salary of $36,977, which is higher than the $36,748 average annual salary of a mortgage collector.

The top three skills for a mortgage collector include customer service, payment arrangements and loss mitigation. The most important skills for an account representative are customer service, patients, and patient accounts.

Mortgage collector vs account representative overview

Mortgage CollectorAccount Representative
Yearly salary$36,748$36,977
Hourly rate$17.67$17.78
Growth rate-8%-8%
Number of jobs6,137183,446
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 52%
Average age4646
Years of experience1212

Mortgage collector vs account representative salary

Mortgage collectors and account representatives have different pay scales, as shown below.

Mortgage CollectorAccount Representative
Average salary$36,748$36,977
Salary rangeBetween $31,000 And $42,000Between $26,000 And $51,000
Highest paying City-Los Angeles, CA
Highest paying state-California
Best paying company-New Relic
Best paying industry-Finance

Differences between mortgage collector and account representative education

There are a few differences between a mortgage collector and an account representative in terms of educational background:

Mortgage CollectorAccount Representative
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common college--

Mortgage collector vs account representative demographics

Here are the differences between mortgage collectors' and account representatives' demographics:

Mortgage CollectorAccount Representative
Average age4646
Gender ratioMale, 38.3% Female, 61.7%Male, 33.6% Female, 66.4%
Race ratioBlack or African American, 12.6% Unknown, 4.1% Hispanic or Latino, 22.5% Asian, 3.7% White, 56.5% American Indian and Alaska Native, 0.5%Black or African American, 12.5% Unknown, 4.2% Hispanic or Latino, 17.3% Asian, 3.9% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between mortgage collector and account representative duties and responsibilities

Mortgage collector example 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 financial paperwork and set up ACH and credit card for recurring payments.
  • Resolve mortgage/car/home equities and over draft accounts.

Account representative example responsibilities.

  • Manage all billing accounts including Medicare/Medicaid, HMO and individual accounts.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
  • Educate physicians to use current ICD-9 diagnostic coding and preparation to begin ICD-10 coding requirements.
  • Analyze health care insurance/litigation patient account files to resolve outstanding and delinquent accounts due to the healthcare client.
  • Promote ThermoCool SmartTouch ablation catheter device to electrophysiologists.
  • Show more

Mortgage collector vs account representative skills

Common mortgage collector skills
  • Customer Service, 17%
  • Payment Arrangements, 15%
  • Loss Mitigation, 8%
  • Foreclosure Process, 8%
  • FDCPA, 6%
  • Loan Modifications, 4%
Common account representative skills
  • Customer Service, 21%
  • Patients, 18%
  • Patient Accounts, 5%
  • Data Entry, 3%
  • Medicaid, 3%
  • Customer Satisfaction, 3%

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