How much does a Mortgage Collection Manager make in West Virginia? The average Mortgage Collection Manager salary in West Virginia is $81,969 as of February 26, 2024, but the range typically falls between $67,214 and $94,996. 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.

Mortgage Collection Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Collection Manager Salary $53,781 WV February 26, 2024
25th Percentile Mortgage Collection Manager Salary $67,214 WV February 26, 2024
50th Percentile Mortgage Collection Manager Salary $81,969 WV February 26, 2024
75th Percentile Mortgage Collection Manager Salary $94,996 WV February 26, 2024
90th Percentile Mortgage Collection Manager Salary $106,856 WV February 26, 2024
25% $67,214 10% $53,781 90% $106,856 75% $94,996 $81,969 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage 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 Support: Customer support is a range of customer services to assist customers in making cost effective and correct use of a product. It includes assistance in planning, installation, training, troubleshooting, maintenance, upgrading, and disposal of a product. Regarding technology products such as mobile phones, televisions, computers, software products or other electronic or mechanical goods, it is termed technical support. Customer support is considered as one of the main data channels for customer satisfaction research and a way to increase customer retention.

2.

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 Support 12.5%
Loss Mitigation 12.5%
Others 75%

Job Description for Mortgage Collection Manager

Mortgage Collection Manager manages a team of collectors and supervisors who limit collection portfolio losses and delinquencies. Trains and staffs collection associate team. Being a Mortgage Collection Manager evaluates delinquent loans and determines foreclosure status. May assist in developing strategies to limit foreclosures, repossessions, etc. Requires a bachelor's degree. Additionally, Mortgage Collection Manager typically reports to a director. The Mortgage Collection Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Mortgage Collection Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Collection Manager in West Virginia

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Location Avg. Salary Date Updated
Location Weirton, WV Avg. Salary $88,743 Date Updated February 26, 2024
Location Wheeling, WV Avg. Salary $89,117 Date Updated February 26, 2024
Location Accoville, WV Avg. Salary $82,190 Date Updated February 26, 2024
Location Adrian, WV Avg. Salary $80,105 Date Updated February 26, 2024
Location Advent, WV Avg. Salary $82,481 Date Updated February 26, 2024
Location Albright, WV Avg. Salary $86,322 Date Updated February 26, 2024
Location Alderson, WV Avg. Salary $83,611 Date Updated February 26, 2024
Location Alkol, WV Avg. Salary $81,540 Date Updated February 26, 2024
Location Allen Junction, WV Avg. Salary $82,190 Date Updated February 26, 2024
Location Alloy, WV Avg. Salary $82,190 Date Updated February 26, 2024

Career Path for Mortgage Collection Manager

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 Collection Manager, the first career path typically progresses to Consumer Loan Collection Manager.

Additionally, the second career path typically progresses to Consumer Loan Collection/Recovery Manager.

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Mortgage Collection Manager Salary in West Virginia
Mortgage Collection Manager Salary Graph, Regional Distribution and Summary