Mortgage collector vs collections/accounts receivable

The differences between mortgage collectors and collections/accounts receivables 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 collections/accounts receivable. Additionally, a collections/accounts receivable has an average salary of $38,949, 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 a collections/accounts receivable are customer service, patients, and delinquent accounts.

Mortgage collector vs collections/accounts receivable overview

	Mortgage Collector	Collections/Accounts Receivable
Yearly salary	$36,748	$38,949
Hourly rate	$17.67	$18.73
Growth rate	-8%	-8%
Number of jobs	6,137	30,523
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 40%
Average age	46	46
Years of experience	12	12

Mortgage collector vs collections/accounts receivable salary

Mortgage collectors and collections/accounts receivables have different pay scales, as shown below.

	Mortgage Collector	Collections/Accounts Receivable
Average salary	$36,748	$38,949
Salary range	Between $31,000 And $42,000	Between $30,000 And $49,000
Highest paying City	-	Boston, MA
Highest paying state	-	Connecticut
Best paying company	-	Apollo Global Management
Best paying industry	-	Finance

Differences between mortgage collector and collections/accounts receivable education

There are a few differences between a mortgage collector and a collections/accounts receivable in terms of educational background:

	Mortgage Collector	Collections/Accounts Receivable
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 40%
Most common major	Business	Business
Most common college	-	-

Mortgage collector vs collections/accounts receivable demographics

Here are the differences between mortgage collectors' and collections/accounts receivables' demographics:

	Mortgage Collector	Collections/Accounts Receivable
Average age	46	46
Gender ratio	Male, 38.3% Female, 61.7%	Male, 25.3% Female, 74.7%
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, 12.0% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between mortgage collector and collections/accounts receivable 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.

Collections/accounts receivable example responsibilities.

Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
Work accounts receivable for Medicaid verification and payments.
Work remittance advice from Medicaid ensuring accuracy of payments.
Research and obtain extensive knowledge of FDCPA debt recovery laws and assist in recovering commercial debt from organizations.
Communicate effectively with patients, physicians, hospital staff, and insurance representatives to ensure accuracy in claims processing.
Review claims to determine if process correctly and if necessary, direct patients to contact insurance companies regarding additional benefit questions.

Mortgage collector vs collections/accounts receivable skills

Common mortgage collector skills

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

Common collections/accounts receivable skills

Customer Service, 21%
Patients, 6%
Delinquent Accounts, 5%
Credit Card Payments, 5%
Past Due Accounts, 5%
Customer Accounts, 5%

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Mortgage Collector
Mortgage Collector vs Collections/Accounts Receivable

Updated January 8, 2025

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