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Mortgage collector vs collector

The differences between mortgage collectors and 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 collector. Additionally, a mortgage collector has an average salary of $36,748, which is higher than the $34,872 average annual salary of a collector.

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

Mortgage collector vs collector overview

Mortgage CollectorCollector
Yearly salary$36,748$34,872
Hourly rate$17.67$16.77
Growth rate-8%-8%
Number of jobs6,13723,948
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 31%
Average age4646
Years of experience1212

Mortgage collector vs collector salary

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

Mortgage CollectorCollector
Average salary$36,748$34,872
Salary rangeBetween $31,000 And $42,000Between $27,000 And $44,000
Highest paying City-Los Angeles, CA
Highest paying state-Alaska
Best paying company-Uline
Best paying industry-Finance

Differences between mortgage collector and collector education

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

Mortgage CollectorCollector
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 31%
Most common majorBusinessBusiness
Most common college--

Mortgage collector vs collector demographics

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

Mortgage CollectorCollector
Average age4646
Gender ratioMale, 38.3% Female, 61.7%Male, 36.0% Female, 64.0%
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, 12.1% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.5% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between mortgage collector and 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.

Collector example responsibilities.

  • Manage patient focuse reports, collection modules, provider/facility A/R, collections, patient discharge letters.
  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Provide customer service via telephone and correspondence for patients and authorize representatives regarding outstanding patient accounts in accordance with facility protocol.
  • Verify and run eligibility on the following insurance, Medi-Cal, Medi-Cal HMO, Medicare, Medicare HMO.
  • Provide excellent customer service while following HIPPA confidentiality laws.
  • Show more

Mortgage collector vs collector skills

Common mortgage collector skills
  • Customer Service, 17%
  • Payment Arrangements, 15%
  • Loss Mitigation, 8%
  • Foreclosure Process, 8%
  • FDCPA, 6%
  • Loan Modifications, 4%
Common collector skills
  • Patients, 14%
  • Customer Service, 10%
  • Payment Arrangements, 10%
  • Excellent Interpersonal, 9%
  • Delinquent Accounts, 8%
  • Student Loans, 5%

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