How much does a Mortgage Collector III make in the United States? The average Mortgage Collector III salary in the United States is $56,489 as of April 24, 2024, but the range typically falls between $47,969 and $73,154. 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 Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Collector III Salary $40,212 US April 24, 2024
25th Percentile Mortgage Collector III Salary $47,969 US April 24, 2024
50th Percentile Mortgage Collector III Salary $56,489 US April 24, 2024
75th Percentile Mortgage Collector III Salary $73,154 US April 24, 2024
90th Percentile Mortgage Collector III Salary $88,327 US April 24, 2024
25% $47,969 10% $40,212 90% $88,327 75% $73,154 $56,489 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Collector III 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.

Bankruptcy: Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan.

3.

Background Check: A background check or background investigation is a review of a potential employee's criminal, commercial and financial records. The goal of background checks is to ensure the safety and security of the employees in the organisation

Customer Service 12.66%
Bankruptcy 3.8%
Background Check 2.53%
Others 81.01%

Job Description for Mortgage Collector III

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 equivalent. Typically reports to a supervisor or manager. The Mortgage Collector III works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Mortgage Collector III typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Collector III
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Career Path for Mortgage Collector III

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 Collector III, the first career path typically starts with a Consumer Loan Collection Supervisor I position, and then Consumer Loan Collection Supervisor II.

The second career path typically progresses to Consumer Loan Collection/Recovery Supervisor.

Additionally, the third career path typically starts with a Mortgage Collection Supervisor I position, and then progresses to Mortgage Collection Supervisor II.

Those that have already made the climb...
John D. Rainey, Former Chief Financial Officer and EVP, Global Customer Operations
PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consu... More
Fiscal Year Ended in 2022
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Mortgage Collector III salary varies from city to city. Compared with national average salary of Mortgage Collector III, the highest Mortgage Collector III salary is in San Francisco, CA, where the Mortgage Collector III salary is 25.0% above. The lowest Mortgage Collector III salary is in Miami, FL, where the Mortgage Collector III 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
-3.5%
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
-1.3%

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

Step 1 of 3

Understand the total compensation opportunity for a Mortgage Collector III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
47969
73154
56489

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
54868
74785
59039
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 $47,969 to $73,154 with the average base salary of $56,489. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $54,868 to $74,785 with the average total cash compensation of $59,039.
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47969
73154

 

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Skills associated with Mortgage Collector III: Outbound Collection Calling, Negotiation, Credit and Collections Software, Issue Resolution

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Salary estimation for Mortgage Collector III at companies like : Avista Public Acquisition Corp Ii, Nexstar Washington DC Bureau, Geniron Holding Corp

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Mortgage Collector III Salary in United States
Mortgage Collector III Salary Graph, Regional Distribution and Summary