Mortgage Collector Salary in New London, CT

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How much does a Mortgage Collector make in New London, CT? The average Mortgage Collector salary in New London, CT is $42,534 as of April 24, 2024, but the salary range typically falls between $39,347 and $46,115. 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.

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Salary range for a Mortgage Collector

$39,347 to $46,115

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What is a Mortgage Collector?

A Mortgage Collector is responsible for contacting individuals who have fallen behind on their mortgage payments and working with them to bring their accounts up to date. This may involve making phone calls, sending letters, and negotiating payment plans. Mortgage collectors must have strong communication and negotiation skills, as well as a thorough understanding of mortgage laws and regulations. They must also be able to work with individuals who may be experiencing financial hardship and be empathetic to their situations. Additionally, mortgage collectors may be responsible for documenting all communication and maintaining accurate records of payment arrangements.

See user submitted job responsibilities for Mortgage Collector.

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Job Openings for Mortgage Collector in New London, CT

Mortgage Collector

Workway, Inc. - South Jordan , UT

We are looking for a Mortgage Collections responsible for the specific duties listed below. **This is an onsite and perm role** **Subject to credit review prior to any interviews** Your specific ...

ZipRecruiter - 3 days ago

Mortgage Collection Specialist (In office)

The Funding Group - Parsippany , NJ

We are looking for an experienced collector who has previously had mortgage collection in their past work as well as navigating on the computer through the various mortgage screens associated with ...

ZipRecruiter - 7 days ago

Collector I

Triad Financial Services, Inc. - Jacksonville , FL

Document mortgage collection systems with all activities and communications * Send Notice of Defaults (NODs) to customers when required * Send letters to customers with pending post-dated payments

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 4 days ago

Specialty Collections Consultant (On-site)

Shellpoint Mortgage Servicing - Greenville , SC

... mortgage payments, pay their tax and insurance bills, and help homeowners in default to get current. Primary Function A Specialty Collections Consultant is a collector who is responsible for ...

LinkedIn - 82 days ago

Collections Representative

New Hampshire Mutual Bancorp - Concord , NH

The incumbent provides support services as the Collector (Collections Representative) for (NHMB ... guidelines, mortgage insurance guidelines, FCRA, FDCPA and all related state and federal ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 49 days ago

Collections Representative

Brilliant Financial Staffing - FL - Doral , FL

The Collector's responsibility involves the collection of all delinquent accounts of consumer, mortgage, visa, and other actions to recover past due accounts Essential Duties & Responsibilities

ZipRecruiter - 7 days ago

What does a Mortgage Collector do?

Common responsibilities of a Mortgage Collector

Assist borrowers in understanding their mortgage terms and obligations.

September 01, 2023

Monitor and track payment schedules and follow up on missed payments.

September 02, 2023

Contact delinquent mortgage holders to discuss payment options and arrangements.

September 10, 2023

Work with legal counsel to pursue legal action against borrowers who fail to make payments.

September 21, 2023

Stay up to date on industry regulations and best practices for mortgage collections.

September 21, 2023

Provide customer service and support to borrowers experiencing financial difficulties.

October 05, 2023

Negotiate payment plans with borrowers to bring their accounts current.

October 10, 2023

Collaborate with other departments within the mortgage company to resolve borrower issues.

October 30, 2023

Initiate foreclosure proceedings on properties with consistently delinquent payments.

November 24, 2023

Document all communication and payment arrangements with borrowers.

November 25, 2023

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Mortgage Collector Salary By Experience Levels in New London, CT

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Mortgage Collector Salary By Level of Education in New London, CT

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Mortgage Collector in New London, CT

Average Base Salary

Core compensation

39347

46115

42534

Average Total Cash Compensation

Includes base and annual incentives

40595

47553

44267

What is the average salary for Mortgage Collector in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Collector in New London, CT. The base salary for Mortgage Collector ranges from $39,347 to $46,115 with the average base salary of $42,534. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $40,595 to $47,553 with the average total cash compensation of $44,267.

View Average Salary for Mortgage Collector as table

	Average Salary	Average Salary Range
Base Salary	$42,534	$39,347 - $46,115
Bonus	$1,734	$1,248 - $1,438
Total Pay	$44,267	$40,595 - $47,553

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Mortgage Collector Salary Near New London, CT

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO New London, CT
CITY, STATE Norwich, CT	AVERAGE SALARY RANGE $39,432 - $46,214	COMPARE TO New London, CT
CITY, STATE Westerly, RI	AVERAGE SALARY RANGE $39,274 - $46,030	COMPARE TO New London, CT
CITY, STATE New Suffolk, NY	AVERAGE SALARY RANGE $40,021 - $46,904	COMPARE TO New London, CT
CITY, STATE Narragansett, RI	AVERAGE SALARY RANGE $39,036 - $45,750	COMPARE TO New London, CT
CITY, STATE Coventry, RI	AVERAGE SALARY RANGE $38,793 - $45,466	COMPARE TO New London, CT
CITY, STATE Manchester, CT	AVERAGE SALARY RANGE $39,967 - $46,842	COMPARE TO New London, CT

See salaries for Mortgage Collector in locations close to New London, CT. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About New London, Connecticut

New London is a seaport city and a port of entry on the northeast coast of the United States, located at the mouth of the Thames River in New London County, Connecticut. It was one of the world's three busiest whaling ports for several decades beginning in the early 19th century, along with Nantucket and New Bedford, Massachusetts. The wealth that whaling brought into the city furnished the capital to fund much of the city's present architecture. The city subsequently became home to other shipping and manufacturing industries, but it has gradually lost most of its industrial heart. New London ...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Mortgage Collector in New London, CT

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Mortgage Collector II	LOCATION New London, CT	MINIMUM SALARY $46,091	MAXIMUM SALARY $59,777
JOB TITLE Mortgage Collector III	LOCATION New London, CT	MINIMUM SALARY $51,135	MAXIMUM SALARY $77,982
JOB TITLE Mortgage Collector I	LOCATION New London, CT	MINIMUM SALARY $41,356	MAXIMUM SALARY $53,988
JOB TITLE Delinquent Mortgage Collector III	LOCATION New London, CT	MINIMUM SALARY $51,200	MAXIMUM SALARY $78,000
JOB TITLE Delinquent Mortgage Collector II	LOCATION New London, CT	MINIMUM SALARY $46,100	MAXIMUM SALARY $59,800
JOB TITLE Delinquent Mortgage Collector I	LOCATION New London, CT	MINIMUM SALARY $41,400	MAXIMUM SALARY $54,000

The Mortgage Collector job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in New London, CT that might be a good fit for the type of job and salary you are looking for.

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39347

46115

About New London, Connecticut New London is a seaport city and a port of entry on the northeast coast of the United States, located at the mouth of the Thames River in New London C....More

New London, Connecticut area prices were up 1.7% from a year ago

Mortgage Collector Salary in popular cities: Bridgeport, New Haven, Hartford

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