Mortgage collector vs data collector

The differences between mortgage collectors and data 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 data collector. Additionally, a mortgage collector has an average salary of $36,748, which is higher than the $35,626 average annual salary of a data collector.

The top three skills for a mortgage collector include customer service, payment arrangements and loss mitigation. The most important skills for a data collector are audit type, grocery store, and retail store.

Mortgage collector vs data collector overview

	Mortgage Collector	Data Collector
Yearly salary	$36,748	$35,626
Hourly rate	$17.67	$17.13
Growth rate	-8%	-8%
Number of jobs	6,137	80,812
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 51%
Average age	46	46
Years of experience	12	12

Mortgage collector vs data collector salary

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

	Mortgage Collector	Data Collector
Average salary	$36,748	$35,626
Salary range	Between $31,000 And $42,000	Between $31,000 And $40,000
Highest paying City	-	Washington, DC
Highest paying state	-	California
Best paying company	-	EDC
Best paying industry	-	Government

Differences between mortgage collector and data collector education

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

	Mortgage Collector	Data Collector
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 51%
Most common major	Business	Business
Most common college	-	-

Mortgage collector vs data collector demographics

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

	Mortgage Collector	Data Collector
Average age	46	46
Gender ratio	Male, 38.3% Female, 61.7%	Male, 40.6% Female, 59.4%
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, 13.8% Unknown, 4.1% Hispanic or Latino, 20.5% Asian, 3.7% White, 57.3% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between mortgage collector and data 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.

Data collector example responsibilities.

Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
Collect from all insurances (HMO, PPO, and MEDICARE).
Attend trainings and abide by HIPAA regulations.
Collect from insurance companies (PPO and Medicare).
Execute database queries in SQL in response to client requests.
Collect pricing information in grocery, office, pet and mass retailers

Mortgage collector vs data collector skills

Common mortgage collector skills

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

Common data collector skills

Audit Type, 31%
Grocery Store, 17%
Retail Store, 16%
UPC, 10%
PET, 8%
Inter-Rater Reliability, 2%