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Servicer hiring summary. Here are some key points about hiring servicers in the United States:
Here's a step-by-step servicer hiring guide:
Before you post your servicer job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a servicer for hire on a part-time basis or as a contractor.
A servicer's background is also an important factor in determining whether they'll be a good fit for the position. For example, servicers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of servicers and their corresponding salaries.
| Type of Servicer | Description | Hourly rate |
|---|---|---|
| Servicer | Customer service representatives interact with customers to handle complaints, process orders, and provide information about an organization’s products and services. | $10-45 |
| Customer Care Representative | A customer care representative is responsible for providing resolution with the customer's concerns, following the business' procedures and strategic processes. Customer care representatives must have exceptional customer service skills to address their clients' concerns efficiently and accurately, as well as having extensive knowledge of the products and services their company offer... Show more | $12-19 |
| Call Center Representative | Call center representatives are employees who take customer calls in the company's contact center. They answer incoming calls related to their account... Show more | $12-18 |
A servicer job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a servicer job description:
To find servicers for your business, try out a few different recruiting strategies:
During your first interview to recruit servicers, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect servicer candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new servicer. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
There are different types of costs for hiring servicers. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new servicer employee.
Servicers earn a median yearly salary is $46,047 a year in the US. However, if you're looking to find servicers for hire on a contract or per-project basis, hourly rates typically range between $10 and $45.