How much does a Consumer Loan Collection Manager make in New Mexico? The average Consumer Loan Collection Manager salary in New Mexico is $94,875 as of February 26, 2024, but the range typically falls between $82,506 and $108,742. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Consumer Loan Collection Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Consumer Loan Collection Manager Salary $71,244 NM February 26, 2024
25th Percentile Consumer Loan Collection Manager Salary $82,506 NM February 26, 2024
50th Percentile Consumer Loan Collection Manager Salary $94,875 NM February 26, 2024
75th Percentile Consumer Loan Collection Manager Salary $108,742 NM February 26, 2024
90th Percentile Consumer Loan Collection Manager Salary $121,368 NM February 26, 2024
25% $82,506 10% $71,244 90% $121,368 75% $108,742 $94,875 50%(Median) Didn’t find job title? Click
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What skills does a Consumer Loan 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.

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.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

3.

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 Service 7.31%
Futures 2.3%
Loss Mitigation 1.18%
Others 89.21%

Job Description for Consumer Loan Collection Manager

Consumer Loan Collection Manager manages a group of collection supervisors and develops collection strategies to minimize collection portfolio loss. Responsible for initial and ongoing training of all subordinate personnel. Being a Consumer Loan Collection Manager requires a bachelor's degree. Typically reports to a top management. The Consumer Loan Collection Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Consumer Loan Collection Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Consumer Loan Collection Manager in New Mexico

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Location Avg. Salary Date Updated
Location Sunland Park, NM Avg. Salary $89,965 Date Updated February 26, 2024
Location Abiquiu, NM Avg. Salary $95,656 Date Updated February 26, 2024
Location Alamogordo, NM Avg. Salary $91,748 Date Updated February 26, 2024
Location Albuquerque, NM Avg. Salary $96,710 Date Updated February 26, 2024
Location Alcalde, NM Avg. Salary $95,656 Date Updated February 26, 2024
Location Algodones, NM Avg. Salary $95,470 Date Updated February 26, 2024
Location Alto, NM Avg. Salary $90,205 Date Updated February 26, 2024
Location Amalia, NM Avg. Salary $95,656 Date Updated February 26, 2024
Location Amistad, NM Avg. Salary $93,497 Date Updated February 26, 2024
Location Angel Fire, NM Avg. Salary $95,656 Date Updated February 26, 2024
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Consumer Loan Collection Manager Salary in New Mexico
Consumer Loan Collection Manager Salary Graph, Regional Distribution and Summary