How much does a Mortgage Collector III make in the United States? The average Mortgage Collector III salary in the United States is $51,160 as of May 28, 2020, but the range typically falls between $43,446 and $66,251. 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.
Mortgage Collector III contacts clients to remedy delinquency or non-payments. Determines appropriate collection alternatives to settle shortfalls. Being a Mortgage Collector III negotiates any contract changes. Documents all collection activities and delinquent accounts in compliance with policies and procedures. Additionally, Mortgage Collector III requires a high school diploma or its equivalent. Typically reports to a supervisor or manager. The Mortgage Collector III has gained proficiency in multiple competencies relevant to the job. Works independently within established procedures associated with the specific job function. To be a Mortgage Collector III typically requires 3-5 years of related experience. (Copyright 2020 Salary.com)... View full job description
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What does a Mortgage Collector III do?
Mortgage Collector III in Buena Park, CA
Assist in identifying, negotiating, and pursuing the appropriate loss mitigation option that best maximizes customer satisfaction.
November 28, 2019
Minimize potential losses on delinquent loans by contacting the borrowers and insurers to work toward resolution of the delinquency in accordance with departmental and legal guidelines.
March 15, 2020
Mortgage Collector III in Cincinnati, OH
Record all collection efforts via the collection system.
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Average Base Salary
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 Collector III in the United States. The base salary for Mortgage Collector III ranges from $43,446 to $66,251 with the average base salary of $51,160. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $49,696 to $67,735 with the average total cash compensation of $53,464.