Mortgage collector vs medical collector

The differences between mortgage collectors and medical 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 medical collector. Additionally, a mortgage collector has an average salary of $36,748, which is higher than the $36,235 average annual salary of a medical collector.

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

Mortgage collector vs medical collector overview

	Mortgage Collector	Medical Collector
Yearly salary	$36,748	$36,235
Hourly rate	$17.67	$17.42
Growth rate	-8%	-8%
Number of jobs	6,137	73,797
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 24%
Average age	46	46
Years of experience	12	12

Mortgage collector vs medical collector salary

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

	Mortgage Collector	Medical Collector
Average salary	$36,748	$36,235
Salary range	Between $31,000 And $42,000	Between $30,000 And $42,000
Highest paying City	-	Arlington Heights, IL
Highest paying state	-	Illinois
Best paying company	-	Addison Group
Best paying industry	-	Finance

Differences between mortgage collector and medical collector education

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

	Mortgage Collector	Medical Collector
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 24%
Most common major	Business	Business
Most common college	-	-

Mortgage collector vs medical collector demographics

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

	Mortgage Collector	Medical Collector
Average age	46	46
Gender ratio	Male, 38.3% Female, 61.7%	Male, 18.0% Female, 82.0%
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, 13.6% Unknown, 3.9% Hispanic or Latino, 22.6% Asian, 3.3% White, 56.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between mortgage collector and medical 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.

Medical collector example responsibilities.

Use EMR software to manage patient records and files; reinforce and uphold patient confidentiality as required by HIPAA and clinic.
Perform as a mediator between insurance companies and patients collecting nationwide extensive medical bills.
Utilize A/R reports and identify accounts that are past payments.
Maintain a filing system of clients' medical records and disclosure following HIPPA guidelines.
Post appropriate adjustment types and carrier payments to accounts for true A/R account balance reflection.
Maintain strict confidentiality; adhering to all HIPAA guidelines/regulations.

Mortgage collector vs medical collector skills

Common mortgage collector skills

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

Common medical collector skills

Patients, 22%
Healthcare, 9%
Customer Service, 7%
Medical Collections, 5%
Appeals, 5%
Medicaid, 4%