Mortgage collector vs senior collector

The differences between mortgage collectors and senior 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 senior collector. Additionally, a senior collector has an average salary of $85,626, 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 senior collector are customer service, payment arrangements, and past due accounts.

Mortgage collector vs senior collector overview

	Mortgage Collector	Senior Collector
Yearly salary	$36,748	$85,626
Hourly rate	$17.67	$41.17
Growth rate	-8%	-8%
Number of jobs	6,137	5,614
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 41%
Average age	46	46
Years of experience	12	12

Mortgage collector vs senior collector salary

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

	Mortgage Collector	Senior Collector
Average salary	$36,748	$85,626
Salary range	Between $31,000 And $42,000	Between $50,000 And $145,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between mortgage collector and senior collector education

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

	Mortgage Collector	Senior Collector
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	-	-

Mortgage collector vs senior collector demographics

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

	Mortgage Collector	Senior Collector
Average age	46	46
Gender ratio	Male, 38.3% Female, 61.7%	Male, 40.1% Female, 59.9%
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, 13.4% Unknown, 4.1% Hispanic or Latino, 20.9% Asian, 3.7% White, 57.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between mortgage collector and senior 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.

Senior collector example responsibilities.

Accomplish the above in compliance with HIPAA regulations.
Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Record CPT codes and ICD-9 codes on billing forms.
Develop and pursue collection strategies to reduce the DSO.
Process credit cards, purchase cards, ACH payments.
Used the Medicaid web portal to check claim status and eligibility.

Mortgage collector vs senior collector skills

Common mortgage collector skills

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

Common senior collector skills

Customer Service, 16%
Payment Arrangements, 13%
Past Due Accounts, 6%
Debt Repayment, 5%
Loss Mitigation, 5%
FDCPA, 4%