Mortgage collector vs bill collector

The differences between mortgage collectors and bill collectors 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 a bill collector. Additionally, a mortgage collector has an average salary of $36,748, which is higher than the $35,585 average annual salary of a bill collector.

The top three skills for a mortgage collector include customer service, payment arrangements and loss mitigation. The most important skills for a bill collector are patients, customer service, and medicaid.

Mortgage collector vs bill collector overview

	Mortgage Collector	Bill Collector
Yearly salary	$36,748	$35,585
Hourly rate	$17.67	$17.11
Growth rate	-8%	-8%
Number of jobs	6,137	23,746
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	High School Diploma, 27%
Average age	46	46
Years of experience	12	12

Mortgage collector vs bill collector salary

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

	Mortgage Collector	Bill Collector
Average salary	$36,748	$35,585
Salary range	Between $31,000 And $42,000	Between $30,000 And $40,000
Highest paying City	-	Pittsfield, MA
Highest paying state	-	Virginia
Best paying company	-	Retina Group Of Washington
Best paying industry	-	Finance

Differences between mortgage collector and bill collector education

There are a few differences between a mortgage collector and a bill collector in terms of educational background:

	Mortgage Collector	Bill Collector
Most common degree	Bachelor's Degree, 38%	High School Diploma, 27%
Most common major	Business	Business
Most common college	-	-

Mortgage collector vs bill collector demographics

Here are the differences between mortgage collectors' and bill collectors' demographics:

	Mortgage Collector	Bill Collector
Average age	46	46
Gender ratio	Male, 38.3% Female, 61.7%	Male, 20.0% Female, 80.0%
Race ratio	Black 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, 11.8% Unknown, 4.0% Hispanic or Latino, 24.0% Asian, 3.5% White, 56.3% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between mortgage collector and bill collector 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.

Bill collector example responsibilities.

Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
Follow HIPPA and FDCPA guidelines to ensure legal collection practices are utilized.
Bill and collect all skil Medicare, and other insurance claims which include HMO claims denials.
Provide patients with information and resources essential to their financial needs including payment arrangements and account reminders.
Take payments by ACH and debit cards.
Collect A/R payments from medical insurance companies and customers.

Mortgage collector vs bill collector skills

Common mortgage collector skills

Customer Service, 17%
Payment Arrangements, 15%
Loss Mitigation, 8%
Foreclosure Process, 8%
FDCPA, 6%
Loan Modifications, 4%

Common bill collector skills

Patients, 19%
Customer Service, 7%
Medicaid, 6%
Medical Billing, 4%
Patient Accounts, 4%
Appeals, 4%