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Collateral Clerk Jobs (NOW HIRING)

Independent Bank

Collateral Clerk II

Memphis, TN · On-site

$14.50 - $18.50/hr

Position Summary The Bank Collateral Clerk is responsible for processing, tracking, and maintaining vehicle title documents related to indirect auto loans and auto secured direct loans. They will ...

INDEPENDENT BANK

Collateral Clerk II

Memphis, TN

$14.50 - $18.50/hr

Description Position Summary The Bank Collateral Clerk is responsible for processing, tracking, and maintaining vehicle title documents related to indirect auto loans and auto secured direct loans.

Independent Bank

Collateral Clerk II

Memphis, TN · On-site

$14.50 - $18.50/hr

Position Summary The Bank Collateral Clerk is responsible for processing, tracking, and maintaining vehicle title documents related to indirect auto loans and auto secured direct loans. They will ...

Independent Bank

Collateral Clerk II

Memphis, TN · On-site

$14.50 - $18.50/hr

Position Summary The Bank Collateral Clerk is responsible for processing, tracking, and maintaining vehicle title documents related to indirect auto loans and auto secured direct loans. They will ...

Bank OZK

Loan Operations Collateral Clerk I

Ozark, AR · On-site

Performs general collateral loan file maintenance, requests, and code changes. * Researches and books collateral for a variety of loan types (i.e., consumer non-real estate, commercial non-real ...

Bank OZK

Loan Operations Collateral Clerk I

Ozark, AR · On-site

Performs general collateral loan file maintenance, requests, and code changes. * Researches and books collateral for a variety of loan types (i.e., consumer non-real estate, commercial non-real ...

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How much do collateral clerk jobs pay per hour?

As of Jun 29, 2026, the average hourly pay for collateral clerk in the United States is $19.46, according to ZipRecruiter salary data. Most workers in this role earn between $16.35 and $21.63 per hour, depending on experience, location, and employer.

What are Collateral Clerks?

Collateral Clerks are administrative professionals who manage and process documents related to collateral, such as loans, securities, or property held by financial institutions as security for repayment. They verify documentation, track collateral status, and ensure compliance with regulatory requirements. Their work supports loan officers and other banking staff by maintaining accurate records and facilitating smooth transactions. Attention to detail and knowledge of financial documentation are essential for this role.

What is a collateral job?

A collateral job typically involves managing and safeguarding collateral assets, such as securities or property, used to secure loans or credit. Collateral clerks verify, document, and monitor these assets to ensure they meet lending requirements and comply with regulations, often using specialized software and attention to detail.

What are the most common challenges a Collateral Clerk faces when managing large volumes of loan documentation?

Collateral Clerks often face challenges in ensuring the accuracy and completeness of extensive loan documentation, particularly when dealing with multiple clients and tight deadlines. Staying organized and maintaining meticulous records is crucial, as errors or missing information can delay loan processing or lead to compliance issues. Additionally, Collateral Clerks must frequently collaborate with loan officers, underwriters, and customers to resolve discrepancies or gather missing documents. Developing strong attention to detail and effective communication skills can help overcome these challenges and contribute to a smooth workflow.

What are the key skills and qualifications needed to thrive as a Collateral Clerk, and why are they important?

To thrive as a Collateral Clerk, strong organizational skills, attention to detail, and basic knowledge of finance or banking procedures are essential, typically supported by a high school diploma or equivalent. Familiarity with loan processing software, document management systems, and Microsoft Office Suite is often required. Excellent communication, time management, and problem-solving abilities help a Collateral Clerk efficiently manage paperwork and interact with clients or team members. These skills and qualifications ensure the accurate handling of collateral documents, regulatory compliance, and the smooth operation of financial transactions.

What is the highest paying clerk job?

Among clerk roles, senior or specialized positions such as legal clerks, accounting clerks with certifications, or administrative managers tend to have the highest salaries. These roles often require additional skills, experience, or certifications and may involve supervisory responsibilities or working in high-demand industries. Salary levels vary based on location, industry, and experience.

What is a collateral clerk?

A collateral clerk is responsible for managing and maintaining collateral assets used to secure loans or credit. Their duties include verifying, recording, and tracking collateral documentation, often using specialized software, to ensure compliance and proper risk management within financial institutions.

Is a creditors clerk a stressful job?

A creditors clerk role involves managing accounts payable, processing invoices, and maintaining financial records, which can be repetitive and deadline-driven. The job may be stressful during busy periods or when handling large volumes of transactions, but overall, it tends to be moderate in stress compared to more high-pressure financial positions. Good organizational skills and attention to detail help manage workload effectively.

What is the difference between Collateral Clerk vs Loan Processor?

AspectCollateral ClerkLoan Processor
Primary RoleManages and verifies collateral documentation and recordsReviews and processes loan applications and documentation
CertificationsTypically none required, but familiarity with collateral management is helpfulOften requires loan processing or banking certifications
Work EnvironmentBanking or financial institutions, handling collateral documentationLoan departments within banks or lenders, handling application processing
Common TasksVerifying collateral details, maintaining recordsGathering documents, verifying borrower information, preparing loan files

While both roles operate within financial institutions, a Collateral Clerk primarily manages collateral documentation, whereas a Loan Processor focuses on reviewing and processing loan applications. The roles often overlap in banking environments, but each has distinct responsibilities related to loan and collateral management.

More about Collateral Clerk jobs
What job categories do people searching Collateral Clerk jobs look for? The top searched job categories for Collateral Clerk jobs are:
Collateral Clerk jobs near you
Infographic showing various Collateral Clerk job openings in the United States as of June 2026, with employment types broken down into 93% Full Time, 3% Part Time, 2% Temporary, and 2% Contract. Highlights an 99% Physical, and 1% Remote job distribution, with an average salary of $40,473 per year, or $19.5 per hour.
Collateral Clerk II

Collateral Clerk II

Independent Bank

Memphis, TN • On-site

$14.50 - $18.50/hr

Other

Posted 23 days ago

Job description

Position Summary
The Bank Collateral Clerk is responsible for processing, tracking, and maintaining vehicle title documents related to indirect auto loans and auto secured direct loans. They will also file Deeds of Trust for property secured loans, as well as UCC's for business assets or other collateral documented within the loan approval. This role ensures compliance with state regulations and protects the bank's lien position.
Key Responsibilities
  • Process incoming vehicle titles for loans financed with the bank.
  • Submit filings of Deeds of Trust to the appropriate county offices.
  • Submit filings of UCC's
  • Verify accuracy of titles, lien recordings, and supporting documentation
  • Submit and track title paperwork with state DMV agencies
  • Ensure liens are properly perfected
  • Maintain accurate electronic and physical title records
  • Resolve title discrepancies, missing documents, and registration issues
  • Communicate with dealerships, customers, insurance companies, and DMV offices
  • Monitor aging reports and follow up on outstanding titles
  • Ensure compliance with bank policies, state laws, and federal regulations
  • Assist with audits and reporting requirements
Qualifications
  • High school diploma or GED required
  • Knowledge of vehicle titling procedures and lien perfection processes
  • Strong attention to detail and organizational skills
  • Proficiency with Microsoft Office and loan processing systems
  • Ability to manage multiple tasks and deadlines
  • Strong written and verbal communication skills
Preferred Skills
  • Experience with automotive lending or indirect lending
  • Previous title clerk, DMV, banking, or automotive finance experience preferred
  • Familiarity with state DMV systems and electronic title processing
  • Data entry accuracy and record-keeping skills
  • Problem-solving and customer service abilities

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