Mortgage Collection Supervisor Salary in Covington, TN

How much does a Mortgage Collection Supervisor make in Covington, TN?

As of August 01, 2026, the average salary for a Mortgage Collection Supervisor in Covington, TN is $61,727 per year, which breaks down to an hourly rate of $30.

However, a Mortgage Collection Supervisor's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $68,466
  • Majority Range (25th-75th percentile): $54,614 to $65,255
  • Entry-Level (10th percentile): $48,138

Key Factors That Influence Mortgage Collection Supervisor Salaries

A Mortgage Collection Supervisor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.

How Experience Level Affects Mortgage Collection Supervisor Salaries?

Experience is a primary driver of a Mortgage Collection Supervisor's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $59,073
  • Early Career (1-2 years): $59,391
  • Mid-Level (2-4 years): $60,453
  • Senior-Level (5-8 years): $61,727
  • Expert (over 8 years): $62,622
Levels Salary
Entry Level Mortgage Collection Supervisor$59,073
Intermediate Level Mortgage Collection Supervisor$59,391
Senior Level Mortgage Collection Supervisor$60,453
Specialist Level Mortgage Collection Supervisor$61,727
Expert Level Mortgage Collection Supervisor$62,622

Top Paying Cities for Mortgage Collection Supervisor

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $84,633
  • San Francisco: $83,707
  • Oakland: $81,943

What Skills Can Increase a Mortgage Collection Supervisor's Salary?

Demanded Skills for the Role:

  • Budgeting (Mentioned in 14.29% Job Postings): Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
  • Continuous Improvement (Mentioned in 14.29% Job Postings): A continual improvement process, also often called a continuous improvement process (abbreviated as CIP or CI), is an ongoing effort to improve products, services, or processes. These efforts can seek "incremental" improvement over time or "breakthrough" improvement all at once. Delivery (customer valued) processes are constantly evaluated and improved in the light of their efficiency, effectiveness and flexibility. Some see CIPs as a meta-process for most management systems (such as business process management, quality management, project management, and program management). W. Edwards Deming, a pioneer of the field, saw it as part of the 'system' whereby feedback from the process and customer were evaluated against organisational goals. The fact that it can be called a management process does not mean that it needs to be executed by 'management'; but rather merely that it makes decisions about the implementation of the delivery process and the design of the delivery process itself.
  • Microsoft Office (Mentioned in 14.29% Job Postings): Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
Skills Demand Percentage
Budgeting 14.29%
Continuous Improvement 14.29%
Microsoft Office 14.29%

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Mortgage Collection Supervisor's salary.

  • Written Communication: Can increase your salary by up to 3%.
  • Time Management: Can increase your salary by up to 3%.
  • Leadership: Can increase your salary by up to 3%.
Skill Salary Salary % Increase
Written Communication $63,578
3%
Time Management $63,578
3%
Leadership $63,578
3%

Mortgage Collection Supervisor Salary by Company Size: Startups vs. Enterprise

Mortgage Collection Supervisor salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $66,796. While startup companies pay approximate $56,550.

Mortgage Collection Supervisor Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $56,550
Growth Stage 51~500 $59,805
Established 501~5000 $64,515
Enterprise 5000+ $66,796

Mortgage Collection Supervisor Salary by Industry: Top Paying Sectors

For Mortgage Collection Supervisor roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 20% above the average. Conversely, Mortgage Collection Supervisor positions in Business Services typically offer lower base pay, as this sector often view Mortgage Collection Supervisor as a support function rather than a direct revenue driver.

The top paying industry for a Mortgage Collection Supervisor

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$80,520$39.020%

Mortgage Collection Supervisor Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Mortgage Collection Supervisor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on August 01, 2026
$54,614
Average $61,727/year
$65,255
$4,551
Average $5,144/month
$5,438
$1,050
Average $1,187/week
$1,255
$26
Average $30/hour
$31
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $65,255 $5,438 $1,255 $31
Average $61,727 $5,144 $1,187 $30
25th Percentile $54,614 $4,551 $1,050 $26

Mortgage Collection Supervisor Salary Growth & Career Path

Promotions are the fastest way to increase your earnings. As a Mortgage Collection Supervisor, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Mortgage Collection Supervisor Salary Growth and Career Path
Next Step Role Estimate Salary Projected Raise
Consumer Loan Collection Manager $94,805 54%
Consumer Loan Collection Recovery Manager $94,933 54%

Find Your Next Mortgage Collection Supervisor Job

Ready to take the next step in your career? Browse thousands of current Mortgage Collection Supervisor job openings on our job board. Use the search bar below to find your perfect match.

For Employees

Analyze the market and your qualifications to negotiate your salary with confidence.

Get a Salary Increase

Search thousands of open positions to find your next opportunity.

Search Job Openings

For Employers

Individualize employee pay based on unique job requirements and personal qualifications.

Adjust Employee Salary

Get the latest market price for benchmark jobs and jobs in your industry.

Price My Industry Jobs

Cost of Living In Covington, TN

Cost of Living in Covington, TN is
-10.9% Lower
than the National Average

Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Explore Cost of Living Calculator
Empower Your Team

Salary.com experts will help you thrive your workplaces.

Find Salary.com Comp Consulting
See Salary Trends in 2025

Salary.com provides salary survey data for thousands of industry Jobs.

Price Your Company Jobs and Make Pay Fair

Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst