How to Become a Mortgage Collector

Step 1: Understand the job description and responsibilities of a Mortgage Collector

What does a Mortgage Collector do?

A Mortgage Collector contacts clients to remedy delinquency or non-payments. Determines appropriate collection alternatives to settle shortfalls. Being a Mortgage Collector adheres to pre-established guidelines when determining appropriate collection remedy. Typically handles accounts in early stages of delinquency. Additionally, Mortgage Collector requires a high school diploma or its equivalent. Typically reports to a supervisor or manager. The Mortgage Collector possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience.

People's Opinions on Mortgage Collector responsibilities

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01/06/2020: Providence, RI

A former Wells Fargo Home Mortgage home collector has stepped forth from the shadows to tell you what’s really going on.

02/23/2020: Huntington, NY

Chances are your mortgage is serviced (worked) by someone who has just graduated high school.

12/08/2019: Jackson, MS

We ranked the top skills based on the percentage of Mortgage Collector resumes they appeared on.

12/29/2019: Portsmouth, OH

Let's find out what skills a Mortgage Collector actually needs in order to be successful in the workplace.

11/28/2019: Alamogordo, NM
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Step 2: Learn best tips to become a Mortgage Collector

Best tips for those who want to become a Mortgage Collector

Here are some tips to become a Mortgage Collector.

People's Opinions on best tips

Mortgage collector performance appraisal Job Performance Evaluation Form Page.

01/29/2020: Petaluma, CA

Chances are your mortgage is serviced (worked) by someone who has just graduated high school.

12/15/2019: Saint Cloud, MN
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Step 3: View best colleges and universities for Mortgage Collector

Best colleges and universities for Mortgage Collector

  • Florida Southern College
  • Colby College
  • Dartmouth College
  • University of Notre Dame
  • Western Washington University
  • Canisius College

Step 4: Think about whether is it worth to be a Mortgage Collector

Is being a Mortgage Collector Worth it?

People's Opinions on lifestyles

Job Function/Purpose The Mortgage Collector will effectively manage a delinquent mortgage portfolio, utilizing an array of collection and workout techniques.

02/11/2020: Salisbury, NC

A former Wells Fargo Home Mortgage home collector has stepped forth from the shadows to tell you what’s really going on.

02/01/2020: Twin Falls, ID

Chances are your mortgage is serviced (worked) by someone who has just graduated high school.

12/11/2019: Lawrence, MA

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12/21/2019: Daytona Beach, FL

Dispute them pronto, so you don’t end up paying more than you should for your mortgage and home owners insurance, or have trouble getting credit.

01/31/2020: Pocatello, ID
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Step 5: Prepare relevant skills for being a Mortgage Collector

What skills do you need to be a Mortgage Collector?

There are many skills required to succeed in this role, which vary in importance depending on the exact role and department size.  The daily workload for this job will be highly dependant on these skills: Issue Resolution, Negotiation, Outbound Collection Calling.  Some of the more basic skills required are: Credit and Collections Software.  By growing your skills to reflect the ones mentioned, you are more likely to succeed in this role, and move forward to a more senior position.

People's Opinions on Mortgage Collector skills

We ranked the top skills based on the percentage of Mortgage Collector resumes they appeared on.

01/02/2020: Newport News, VA

Let's find out what skills a Mortgage Collector actually needs in order to be successful in the workplace.

02/07/2020: Nassau, NY

Provide excellent customer service to all mortgage holders.

01/28/2020: Oklahoma City, OK

work with customers to help them understand their mortgage terms, review delinquency patterns and negotiate payment arrangements.

01/04/2020: Huntington, NY

Mortgage collectors are great communicators who are professional with customers at all times.

02/24/2020: Flagstaff, AZ
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Step 6: View average salary for Mortgage Collector

How much does a Mortgage Collector make?

The average salary range for a Mortgage Collector is from $37,285 to $48,675. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Mortgage Collector
$37,285 to $48,675

Step 7: Find relevant Mortgage Collector jobs, and apply.

Looking for Mortgage Collector jobs?

Here are some Mortgage Collector jobs in the United States.

Search Mortgage Collector Jobs in the United States