As of May 18, 2021, the average salary for a Collateral Specialist in the United States is $59,549 per year, which breaks down to an hourly rate of $29.
However, a Collateral Specialist's salary can vary significantly. Here’s a look at the typical salary range:
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Collateral Specialist Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $66,669 | $5,556 | $1,282 | $32 |
| Average | $59,549 | $4,962 | $1,145 | $29 |
| 25th Percentile | $53,196 | $4,433 | $1,023 | $26 |
Regional Finance Company of California LLC - TEMECULA, CA
DriveTime - MESA, AZ
DriveTime - MESA, AZ
Outlier - CHEYENNE, WY
A Collateral Specialist's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Collateral Specialist's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Collateral Specialist | $57,093 |
| Intermediate Level Collateral Specialist | $57,290 |
| Senior Level Collateral Specialist | $59,737 |
| Specialist Level Collateral Specialist | $62,458 |
| Expert Level Collateral Specialist | $62,653 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Collateral Specialists. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how a Collateral Specialist's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $66,669 | $5,556 | $1,282 | $32 |
| Average | $59,549 | $4,962 | $1,145 | $29 |
| 25th Percentile | $53,196 | $4,433 | $1,023 | $26 |
Salaries for a Collateral Specialist can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $69,151 in 2023 to around $69,169 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Collateral Specialist salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $69,151 |
| 2024 | $69,427 |
| 2025 | $69,169 |
| 2026 |
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|
| 2027 |
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|
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Compensation PlanningHere are companies hiring for Collateral Specialist and their salaries, click below for more details.
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