What is a residential collections and how to become one

Key steps to become a residential collections

1. Explore residential collections education requirements

   Most common residential collections degrees

   Associate

   50.0 %

   Bachelor's

   40.0 %

   High School Diploma

   10.0 %

2. Start to develop specific residential collections skills

   Skills	Percentages
   Outbound Calls	100.00%

3. Complete relevant residential collections training and internships

   Accountants spend an average of 1-3 months on post-employment, on-the-job training. New residential collections learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a residential collections based on U.S. Bureau of Labor Statistics data and data from real residential collections resumes.

4. Research residential collections duties and responsibilities

   • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
   • Perform collections activities on delinquent loan accounts to include repossessions, foreclosures, bankruptcy proceedings, and disposition of repossess assets.
   • Conduct analysis of each debtor's credit bureau report to determine DTI . )
   • Direct OREO and foreclosure property security, maintenance and sales.

5. Prepare your residential collections resume

   When your background is strong enough, you can start writing your residential collections resume.

   You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a residential collections resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

   Choose from 10+ customizable residential collections resume templates

   Build a professional residential collections resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your residential collections resume.
   

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6. Apply for residential collections jobs

   Now it's time to start searching for a residential collections job. Consider the tips below for a successful job search:

   1. Browse job boards for relevant postings
   2. Consult your professional network
   3. Reach out to companies you're interested in working for directly
   4. Watch out for job scams