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Collateral Clerk Jobs (NOW HIRING)

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 ...

SIU Credit Union

Title Clerk - Carbondale IL

Carbondale, IL · On-site

$16.25 - $20.75/hr

Primary Function As a Title Clerk, you will be responsible for maintaining collateral for all consumer loan files. You will play a vital role in researching and resolving recordkeeping errors or ...

SIU Credit Union

Title Clerk - Carbondale IL

Carbondale, IL · On-site

$17.04 - $21.30/hr

Primary Function As a Title Clerk, you will be responsible for maintaining collateral for all consumer loan files. You will play a vital role in researching and resolving recordkeeping errors or ...

SIU Credit Union

Title Clerk - Carbondale IL

Carbondale, IL · On-site

$17.04 - $21.30/hr

Primary Function As a Title Clerk, you will be responsible for maintaining collateral for all consumer loan files. You will play a vital role in researching and resolving recordkeeping errors or ...

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Collateral Clerk information

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How much do collateral clerk jobs pay per hour?

As of Jul 21, 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 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 following strict procedures.

How much is a clerk paid?

A collateral clerk's salary typically ranges from $30,000 to $50,000 annually, depending on experience, location, and the employer. Entry-level positions may start lower, while experienced clerks or those in high-cost areas can earn higher wages. Compensation often includes benefits such as health insurance and paid time off.

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?

The highest paying clerk jobs are often in specialized fields such as legal or medical clerks, with legal clerks sometimes earning higher salaries due to the complexity of their work. Senior or supervisory clerks with additional certifications or experience can also command higher wages, especially in corporate or government settings. Salary levels depend on industry, location, and experience.

What is a collateral clerk?

A collateral clerk is responsible for managing and recording collateral assets used to secure loans or credit, ensuring proper documentation and compliance. They often work with loan documentation, collateral valuations, and may use specialized software to track asset details and statuses.

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 July 2026, with employment types broken down into 61% Full Time, 37% Part Time, 1% Temporary, and 1% 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

$14.50 - $18.50/hr

Other

Re-posted 15 days ago

Job description

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 

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities


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