How much does a Consumer Loan Collection Manager make in the United States? The average Consumer Loan Collection Manager salary in the United States is $102,856 as of February 26, 2024, but the range typically falls between $89,447 and $117,891. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Consumer Loan Collection Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Consumer Loan Collection Manager Salary $77,238 US February 26, 2024
25th Percentile Consumer Loan Collection Manager Salary $89,447 US February 26, 2024
50th Percentile Consumer Loan Collection Manager Salary $102,856 US February 26, 2024
75th Percentile Consumer Loan Collection Manager Salary $117,891 US February 26, 2024
90th Percentile Consumer Loan Collection Manager Salary $131,579 US February 26, 2024
25% $89,447 10% $77,238 90% $131,579 75% $117,891 $102,856 50%(Median) Didn’t find job title? Click
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Check out Consumer Loan Collection Manager jobs in Ashburn, Virginia

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Burke & Herbert Bank & Trust - Alexandria, VA

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National Rural Utilities Cooperative Finance Corporation - Dulles, VA

What skills does a Consumer Loan Collection Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

3.

Loss Mitigation: Loss mitigation is used to describe a third party helping a homeowner, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of negotiation between a homeowner and the homeowner's lender. Loss mitigation works to negotiate mortgage terms for the homeowner that will prevent foreclosure. These new terms are typically obtained through loan modification, short sale negotiation, short refinance negotiation, deed in lieu of foreclosure, cash-for-keys negotiation, a partial claim loan, repayment plan, forbearance, or other loan work-out. All of the options serve the same purpose, to stabilize the risk of loss the lender (investor) is in danger of realizing../

Customer Service 0.3%
Futures 0.1%
Loss Mitigation 0.05%
Others 99.55%

Job Description for Consumer Loan Collection Manager

Consumer Loan Collection Manager manages a group of collection supervisors and develops collection strategies to minimize collection portfolio loss. Responsible for initial and ongoing training of all subordinate personnel. Being a Consumer Loan Collection Manager requires a bachelor's degree. Typically reports to a top management. The Consumer Loan Collection Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Consumer Loan Collection Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Consumer Loan Collection Manager
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Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Consumer Loan Collection Manager salary varies from city to city. Compared with national average salary of Consumer Loan Collection Manager, the highest Consumer Loan Collection Manager salary is in San Francisco, CA, where the Consumer Loan Collection Manager salary is 25.0% above. The lowest Consumer Loan Collection Manager salary is in Miami, FL, where the Consumer Loan Collection Manager salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Consumer Loan Collection Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
89447
117891
102856

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
99315
136399
116944
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Consumer Loan Collection Manager in the United States. The base salary for Consumer Loan Collection Manager ranges from $89,447 to $117,891 with the average base salary of $102,856. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $99,315 to $136,399 with the average total cash compensation of $116,944.
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89447
117891

 

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Skills associated with Consumer Loan Collection Manager: Staff Training, Loan Collections , Banking Software, Credit and Collections Software

Salary estimation for Consumer Loan Collection Manager at companies like : Haddonfield Police Departments, Gerry Imber, MD, Solar Panel Companies

Consumer Loan Collection Manager Salary in United States
Consumer Loan Collection Manager Salary Graph, Regional Distribution and Summary