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Mortgage collector vs account specialist

The differences between mortgage collectors and account specialists 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 specialist. Additionally, an account specialist has an average salary of $42,586, 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 specialist are customer service, patients, and account management.

Mortgage collector vs account specialist overview

Mortgage CollectorAccount Specialist
Yearly salary$36,748$42,586
Hourly rate$17.67$20.47
Growth rate-8%-8%
Number of jobs6,137116,010
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 54%
Average age4646
Years of experience1212

Mortgage collector vs account specialist salary

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

Mortgage CollectorAccount Specialist
Average salary$36,748$42,586
Salary rangeBetween $31,000 And $42,000Between $28,000 And $62,000
Highest paying City-Washington, DC
Highest paying state-Virginia
Best paying company-Microsoft
Best paying industry-Finance

Differences between mortgage collector and account specialist education

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

Mortgage CollectorAccount Specialist
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common college--

Mortgage collector vs account specialist demographics

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

Mortgage CollectorAccount Specialist
Average age4646
Gender ratioMale, 38.3% Female, 61.7%Male, 32.2% Female, 67.8%
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, 13.2% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 3.7% White, 60.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between mortgage collector and account specialist 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 specialist example responsibilities.

  • Cultivate productive long-term relationships with all assign accounts, and manage all reporting and presentation needs for RFP's.
  • Manage a portfolio of accounts end to end RFP program execution inclusive of pricing, contracting, process and technology solutions.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Deliver exceptional customer service to hospital accounts and internal sales representatives in accordance to revenue recognition policies and HIPAA regulations.
  • Experience with CMS 1500 and UB-04 claims using HCPC/CPT codes as well as NDC codes
  • Monitor CMS and real time aux codes.
  • Show more

Mortgage collector vs account specialist skills

Common mortgage collector skills
  • Customer Service, 17%
  • Payment Arrangements, 15%
  • Loss Mitigation, 8%
  • Foreclosure Process, 8%
  • FDCPA, 6%
  • Loan Modifications, 4%
Common account specialist skills
  • Customer Service, 25%
  • Patients, 13%
  • Account Management, 6%
  • PowerPoint, 4%
  • Data Entry, 4%
  • Catheter, 3%

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