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Collateral Processor Jobs in Ohio (NOW HIRING)

First Merchants Bank

Collateral Analyst

Columbus, OH

... process to ensure compliance detailed within the credit agreement. * Validate the calculation of eligible collateral related to borrowing base reporting by analyzing accounts receivable agings ...

FIRST MERCHANTS

Collateral Analyst

Columbus, OH · On-site

... process to ensure compliance detailed within the credit agreement. * Validate the calculation of eligible collateral related to borrowing base reporting by analyzing accounts receivable agings ...

First Merchant's Bank

Collateral Analyst

Columbus, OH · On-site

... process to ensure compliance detailed within the credit agreement. * Validate the calculation of eligible collateral related to borrowing base reporting by analyzing accounts receivable agings ...

First Merchants Bank

Collateral Analyst

Columbus, OH

... process to ensure compliance detailed within the credit agreement. * Validate the calculation of eligible collateral related to borrowing base reporting by analyzing accounts receivable agings ...

OHIO VALLEY BANK

INSTALLMENT LOAN PROCESSOR

Gallipolis, OH

$17.25 - $23/hr

The Installment Loan Processor - Loan Input is responsible for accurately boarding and inputting ... This role ensures loan terms, collateral information, payment details, and customer data are ...

U.S. Bancorp

Repossession Processor

Cincinnati, OH · On-site

$20 - $26.39/hr

Performs a variety of support and oversight to the physical repossession and collateral liquidation processes for the bank; requiring thorough knowledge of consumer banking, specifically default ...

U.S. Bank

Repossession Processor

Cincinnati, OH · On-site

$20 - $26.39/hr

Performs a variety of support and oversight to the physical repossession and collateral liquidation processes for the bank; requiring thorough knowledge of consumer banking, specifically default ...

U.S. Bank

Repossession Processor

Cincinnati, OH · On-site

$20 - $26.39/hr

Performs a variety of support and oversight to the physical repossession and collateral liquidation processes for the bank; requiring thorough knowledge of consumer banking, specifically default ...

U.S. Bank

Repossession Processor

Saint Bernard, OH · On-site

$20 - $26.39/hr

Performs a variety of support and oversight to the physical repossession and collateral liquidation processes for the bank; requiring thorough knowledge of consumer banking, specifically default ...

New

US Bank

Repossession Processor

Cincinnati, OH · On-site

$20 - $26.39/hr

Performs a variety of support and oversight to the physical repossession and collateral liquidation processes for the bank; requiring thorough knowledge of consumer banking, specifically default ...

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Collateral Processor information

What jobs pay 2000 a day?

Jobs that can pay $2,000 a day typically include high-level roles such as specialized consultants, surgeons, corporate executives, or successful entrepreneurs. These positions often require advanced skills, significant experience, or ownership of a business, and may involve irregular or project-based work schedules.

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 job makes $10,000 a month without a degree?

A collateral processor typically does not earn $10,000 a month without specialized experience or certifications. High-paying roles in finance or sales, such as financial advisors or real estate brokers, can reach that level with relevant skills and licenses, but they often require experience rather than formal degrees. Most jobs paying $10,000 monthly generally demand specific expertise, certifications, or extensive experience regardless of degree status.

What jobs in the US pay 300,000 a year?

For a Collateral Processor, earning $300,000 annually is uncommon, as this role typically offers lower compensation. High-paying jobs in finance, executive management, or specialized medical fields are more likely to reach this level, often requiring advanced skills, certifications, and extensive experience. Most roles paying this salary are senior-level or highly specialized positions.

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 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.

Is a loan processor an entry level position?

A loan processor is often considered an entry-level position in the lending industry, requiring basic knowledge of loan documentation and processing procedures. However, some employers may prefer candidates with prior experience or relevant certifications, and the role can serve as a stepping stone to more advanced positions in finance or underwriting.

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 popular job titles related to Collateral Processor jobs in Ohio? For Collateral Processor jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Collateral Processor jobs in Ohio look for? The top searched job categories for Collateral Processor jobs in Ohio are:
What cities in Ohio are hiring for Collateral Processor jobs? Cities in Ohio with the most Collateral Processor job openings:
Collateral Processor jobs near you
Collateral Analyst

Collateral Analyst

First Merchants Bank

Columbus, OH

Full-time

Posted 25 days ago

First Merchants Bank rating

8.0

Company rating: 8.0 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

55th of 142 rated banks

Job description

First Merchants Bank is seeking a Collateral Analyst to join our team! This position will perform collateral monitoring tasks, and operational tasks while assisting with the timely and accurate risk grading of the commercial banking portfolio.

As part of this role you will:

  • Complete accurate, unbiased collateral analyses within required timelines and according to standards.
  • Complete collateral monitoring functions for designated portfolio including:
    • Review of borrowing base requirements detailed within the Credit Decision Summary prior to or commensurate with loan closing.
    • Provide the Commercial Lending Team with borrowing base templates for Client use with on-going monitoring requirements as approved in the CDS and documented in the credit agreement.
    • Establish and maintain Client profiles within the borrowing base monitoring software.
    • Confirm appropriate ticklers are set up within the Bank’s core system for monitoring the receipt of required financial reporting documents for borrowing base reporting.
    • Assist the Commercial Lending Team with the collection of necessary Financial Reporting Documents for the completion of borrowing base testing.
    • Ensure the timely and accurate filing of all borrowing base reports and supporting documentation in the bank’s imaging system.
    • Assist the Client and Commercial Lending Team with modifications to borrowing base submission and reporting process to ensure compliance detailed within the credit agreement.
    • Validate the calculation of eligible collateral related to borrowing base reporting by analyzing accounts receivable agings, accounts payable agings, perpetual inventory reports, and other supplied information as appropriate.
    • Identify and communicate deteriorating liquidity and over-advance issues found during borrowing base testing to department management.
    • Update borrower loan availability in Bank’s core system.
    • Interface with clients as needed for questions and resolution of issues on draws and availability.
    • Maintain the Regional Borrowing Base Utilization Report.
    • Provide collateral trend reporting and analysis as requested.
    • Review real estate appraisals and evaluations as needed.
  • Reconcile borrowing base to credit agreement.
  • Attend and participate in loan committees as requested.

In order to be successful, we require the following:

  • Bachelor’s degree (or completion within current semester)

The following would be a plus:

  • Bachelor’s degree in accounting, finance, or business.
  • Prior Asset Based Lending or Collateral Monitoring experience
  • Proficient use of MS Office products including Word, Outlook and Excel.
  • Adobe Acrobat experience and the ability to learn job-related software.

First Merchants offers the following:

  • Base Pay PLUS Bonuses
  • Medical, Dental and Vision Insurance
  • 401k
  • Health Savings and Flexible Spending Accounts
  • Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!

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