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Collateral Processor Jobs (NOW HIRING)

East West Bank

Collateral Analysis Officer

Manhattan, NY · On-site

$100K/yr

Lead collateral process improvement and automation initiatives to enhance efficiency and control * Prepare executive-level portfolio and risk reporting for senior management * Manage, mentor, and ...

FHLB Des Moines

Collateral Analyst

Des Moines, IA · Hybrid

$53.19K - $63.17K/yr

Analyze, evaluate, measure and report on processes and controls of all collateral pledged to support member credit exposures. Ensure compliance with policies, procedures and regulations while ...

Covius

Collateral File Processor

Palm Harbor, FL · On-site

$15 - $18.80/hr

Summary The Processor Collateral File Processor is responsible for the accurate intake, reconciliation, and management of sensitive documentation, including original loan files and negotiable ...

Covius

Collateral File Processor

Palm Harbor, FL · On-site

$15 - $18.80/hr

Job Summary The Collateral File Processor is responsible for the accurate intake, reconciliation, and management of sensitive documentation, including original loan files and negotiable instruments.

Covius

Collateral File Processor

Palm Harbor, FL · On-site

$15 - $18.80/hr

Summary The Processor Collateral File Processor is responsible for the accurate intake, reconciliation, and management of sensitive documentation, including original loan files and negotiable ...

Covius

Collateral File Processor

Palm Harbor, FL

$15 - $16/hr

The Collateral File Processor will be working with original loan files, including negotiable instruments and will be responsible for maintaining the integrity of the file. Essential Functions

Covius

Collateral File Processor

Palm Harbor, FL · On-site

$15 - $16/hr

The Collateral File Processor will be working with original loan files, including negotiable instruments and will be responsible for maintaining the integrity of the file. Essential Functions

LP Finance

Be Seen First

Collateral Specialist

Johnson City, TN · On-site

$18 - $20/hr

Review and process Same as Cash promotional offers and payoffs. * Ensure perfection of collateral documents such as titles, insurance, and UCC finance statements. * Verifying all collateral documents ...

Covius

Collateral File Processor

Palm Harbor, FL

$15 - $18.80/hr

Summary The Processor Collateral File Processor is responsible for the accurate intake, reconciliation, and management of sensitive documentation, including original loan files and negotiable ...

Covius

Collateral File Processor

Palm Harbor, FL · On-site

$15 - $18.80/hr

Job Summary The Collateral File Processor is responsible for the accurate intake, reconciliation, and management of sensitive documentation, including original loan files and negotiable instruments.

Covius

Collateral File Processor

Palm Harbor, FL

$15/hr

The Collateral File Processor will be working with original loan files, including negotiable instruments and will be responsible for maintaining the integrity of the file. Essential Functions

Rockland Trust

ABL Collateral Analyst

Braintree, MA

Systems & Process Management * Maintain accurate collateral records in loan systems and spreadsheets. * Contribute to process improvements and standardization initiatives. * Assist with special ...

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How much do collateral processor jobs pay per hour?

As of May 31, 2026, the average hourly pay for collateral processor in the United States is $16.74, according to ZipRecruiter salary data. Most workers in this role earn between $13.46 and $19.23 per hour, depending on experience, location, and employer.

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

To thrive as a Collateral Processor, you need strong attention to detail, organizational skills, and a solid understanding of loan documentation and banking procedures, often supported by a high school diploma or equivalent. Familiarity with loan origination systems, document management software, and compliance tools is typically required. Excellent communication, problem-solving, and time management skills help you coordinate effectively with internal teams and clients. These competencies ensure accurate processing, regulatory compliance, and efficient workflow in financial institutions.

What are the typical challenges faced by a Collateral Processor, and how can they be addressed effectively?

Collateral Processors often work in fast-paced environments where attention to detail is critical due to frequent handling of sensitive financial documents. Common challenges include managing tight deadlines, ensuring data accuracy, and keeping up with regulatory changes. To overcome these, it's important to develop strong organizational skills, maintain clear communication with team members and other departments, and stay updated on industry compliance requirements. Utilizing workflow management tools and regularly reviewing procedures can also help minimize errors and streamline processes.

What are Collateral Processors?

Collateral Processors are professionals in the banking or financial industry responsible for handling and managing collateral documents tied to loans, mortgages, or other secured transactions. Their duties include verifying documentation, ensuring compliance with regulations, and maintaining accurate records to protect the lender's interest. They often coordinate with loan officers, title companies, and borrowers to ensure all collateral requirements are met before and after loan closing. Collateral Processors play a key role in minimizing risk for financial institutions by ensuring collateral is properly documented and secured.

What is the difference between Collateral Processor vs Loan Processor?

AspectCollateral ProcessorLoan Processor
Primary RoleReviewing and verifying collateral documentation for loansProcessing loan applications and verifying borrower information
CertificationsTypically requires banking or finance certificationsOften requires similar certifications, such as loan processing or banking credentials
Work EnvironmentBanking institutions, mortgage companies, financial servicesBanks, mortgage lenders, credit unions
Common TasksAssessing collateral documents, ensuring complianceGathering documents, verifying borrower data, preparing loan files

While both roles operate within the financial industry, a Collateral Processor specializes in verifying collateral documentation for loans, whereas a Loan Processor handles the overall loan application process. Understanding these distinctions helps in choosing the right career path or job search focus.

More about Collateral Processor jobs
What cities are hiring for Collateral Processor jobs? Cities with the most Collateral Processor job openings:
What states have the most Collateral Processor jobs? States with the most job openings for Collateral Processor jobs include:
What job categories do people searching Collateral Processor jobs look for? The top searched job categories for Collateral Processor jobs are:
Collateral Processor jobs near you
Infographic showing various Collateral Processor job openings in the United States as of May 2026, with employment types broken down into 83% Full Time, and 17% Part Time. Highlights an 83% In-person, and 17% Remote job distribution, with an average salary of $34,822 per year, or $16.7 per hour.
Collateral Manager

Collateral Manager

Dream Finders Homes LLC

Jacksonville, FL • On-site

Full-time

Posted 22 days ago

Job description

SUMMARY OF POSITION:
The Collateral Manager is responsible for the overseeing the receipt, imaging, storage, and tracking of closing packages, original notes, and related collateral documents. This role includes ensuring compliance with collateral agreements, maintaining collateral reporting systems, and mitigating risks associated with collateral transactions. The Collateral Manager will work closely with various teams, including Secondary Marketing, Finance, Compliance/ Risk management, and legal, to ensure that collateral processes align with organizational goals and regulatory requirements.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Shipping & Tracking: Oversee the daily tracking and shipment of original loan notes to warehouse banks and document custodians
  • Collateral Review & Quality Control: Perform thorough reviews of critical collateral documents including the original note and allonges for accuracy before shipping.
  • Warehouse Bank: Acts as primary contact for investors and warehouse banks to facilitate the handling of collateral.
  • MERS: Ensures funded loans are properly registered in MERS within timing requirements, knowledge of eNote process is a plus
  • Vault Management: Ensure the proper, secure storage of original notes and conduct regular reconciliations of physical documents against system records
  • Communication: Effective written and verbal communication to resolve exceptions with external partners.
  • Maintain in-depth knowledge of, and ensure adherence to, investor guidelines and federal/state regulations.
  • Leadership & Management: Supervise, train, and mentor collateral operations staff, providing guidance and support to ensure accurate and timely collateral reporting.
  • Collateral Management: Oversee the daily management, optimization, and reconciliation of collateral across multiple portfolios.
  • Dispute Resolution: Manage and resolve any disputes related to collateral, missing closing packages working with legal teams and external parties as needed.
  • Process Improvement: Identify opportunities for streamlining and improving collateral management processes, enhancing operational efficiency and accuracy.
  • Reporting: Develop, prepare, and distribute detailed reports on collateral positions, valuations, and trends to senior management and stakeholders, establish goals (KPI's) and monitor workflow to ensure accuracy
  • Risk Mitigation: Assess and manage risks related to collateral by ensuring that proper policies, procedures, and controls are in place.
  • Regulatory Compliance: Ensure that all collateral processes and transactions comply with relevant regulations, including Dodd-Frank, Basel III, and other applicable laws.
  • Stakeholder Communication: Collaborate with internal stakeholders such as finance, legal, risk management, and external counterparties to resolve collateral discrepancies and improve collateral processes.
  • Data Management: Oversee the accuracy and maintenance of collateral data, ensuring it is up-to-date and reflective of contractual agreements.
  • Other duties as required.

EXPERIENCE, SKILLS, KNOWLEDGE
  • Bachelor's degree in finance, economics, accounting, or a related field preferred, but not required.
  • 3-5 years in Mortgage Lending, with at least 2 years in a managerial role focusing on post-closing or collateral
  • Proven leadership experience, with the ability to manage a team and collaborate across departments.
  • Proficient in Encompass and Microsoft Office Suite.
  • Proficiency in Microsoft Excel, financial software, and collateral management systems.
  • Excellent analytical and problem-solving skills, with a high degree of accuracy and attention to detail.
  • Strong verbal and written communication skills.
  • Ability to work in a fast-paced environment and manage multiple priorities.
  • Strong understanding of mortgage legal documents (Mortgages, Notes, Riders, Allonges, etc.)
  • Exceptional accuracy in auditing high - stakes documents
  • Ability to meet strict, faced paced, deadline.

PHYSICAL DEMANDS:
While performing the responsibilities of the job, the employee is required to talk and hear. Vision abilities required by the job are close vision. The employee is often required to sit and use their hands and fingers to handle, feel, and operate office equipment such as a computer, copier, and office supplies. Ability to lift up to 10 pounds, if necessary. Occasional travel may be required for regulatory meetings, audits, or compliance training.
In addition, the employee is occasionally required to stand, walk, reach with their arms and hands, and to stoop, kneel or crouch. Reasonable accommodations can be made to enable employees with disabilities to perform the described essential functions of the job.
Note: This document describes the minimum, essential duties, responsibilities, skills, abilities, effort, and working conditions of the position. It in no way implies that these are the only functions to be performed by the incumbent. Workers are required to follow any other job-related instructions and to perform any job-related functions requested by a supervisor or manager. Successful performance requires that the incumbent possess and utilize the abilities and skills described. All functions are subject to reasonable modification to accommodate individuals with disabilities. Some functions may exclude individuals who pose a direct threat or significant risk to the health and safety of themselves or others.
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