How much does a Mortgage Collection Manager make in the United States? The average Mortgage Collection Manager salary in the United States is $91,222 as of March 26, 2024, but the range typically falls between $74,803 and $105,715. 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, helps you determine your exact pay target. 

Mortgage Collection Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Collection Manager Salary $59,855 US March 26, 2024
25th Percentile Mortgage Collection Manager Salary $74,803 US March 26, 2024
50th Percentile Mortgage Collection Manager Salary $91,222 US March 26, 2024
75th Percentile Mortgage Collection Manager Salary $105,715 US March 26, 2024
90th Percentile Mortgage Collection Manager Salary $118,910 US March 26, 2024
25% $74,803 10% $59,855 90% $118,910 75% $105,715 $91,222 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage 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.


Customer Support: Customer support is a range of customer services to assist customers in making cost effective and correct use of a product. It includes assistance in planning, installation, training, troubleshooting, maintenance, upgrading, and disposal of a product. Regarding technology products such as mobile phones, televisions, computers, software products or other electronic or mechanical goods, it is termed technical support. Customer support is considered as one of the main data channels for customer satisfaction research and a way to increase customer retention.


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 Support 12.5%
Loss Mitigation 12.5%
Others 75%

Job Description for Mortgage Collection Manager

Mortgage Collection Manager manages a team of collectors and supervisors who limit collection portfolio losses and delinquencies. Trains and staffs collection associate team. Being a Mortgage Collection Manager evaluates delinquent loans and determines foreclosure status. May assist in developing strategies to limit foreclosures, repossessions, etc. Requires a bachelor's degree. Additionally, Mortgage Collection Manager typically reports to a director. The Mortgage Collection Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Mortgage Collection Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 View full job description

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Career Path for Mortgage Collection Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Mortgage Collection Manager, the first career path typically progresses to Consumer Loan Collection Manager.

Additionally, the second career path typically progresses to Consumer Loan Collection/Recovery Manager.

Those that have already made the climb...
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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Mortgage Collection Manager salary varies from city to city. Compared with national average salary of Mortgage Collection Manager, the highest Mortgage Collection Manager salary is in San Francisco, CA, where the Mortgage Collection Manager salary is 25.0% above. The lowest Mortgage Collection Manager salary is in Miami, FL, where the Mortgage Collection Manager salary is 3.5% 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
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average

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Average Total Cash Compensation

Includes base and annual incentives

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Collection Manager in the United States. The base salary for Mortgage Collection Manager ranges from $74,803 to $105,715 with the average base salary of $91,222. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $76,765 to $112,945 with the average total cash compensation of $94,084.
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Skills associated with Mortgage Collection Manager: Credit and Collections Software, Banking Software, Staff Training, Loan Collections

Salary estimation for Mortgage Collection Manager at companies like : C/O Zionsville Town Council, ESG Engineering, City Nilu LLC

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