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Collateral Processor Jobs in Ohio (NOW HIRING)

Lower LLC

Loan Processor

Columbus, OH · On-site

$18 - $24.25/hr

The Loan Processor is responsible for routing mortgage loan files through internal processing ... and collateral management. * Monitor loan turnaround time. * Design and implement operating ...

Lower

Loan Processor

Columbus, OH · Hybrid

$17.50 - $23.25/hr

The Loan Processor is responsible for routing mortgage loan files through internal processing ... and collateral management. * Monitor loan turnaround time. * Design and implement operating ...

Lower LLC

Loan Processor

Columbus, OH · Hybrid

$18 - $24.25/hr

The Loan Processor is responsible for routing mortgage loan files through internal processing ... and collateral management. * Monitor loan turnaround time. * Design and implement operating ...

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Collateral Processor information

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.

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
Infographic showing various Collateral Processor job openings in Ohio as of May 2026, with employment types broken down into 66% Full Time, and 34% Part Time. Highlights an 86% In-person, and 14% Remote job distribution.
Consumer Loan Collateral Specialist I

Consumer Loan Collateral Specialist I

Park National Bank

Newark, OH • On-site

Full-time

Posted 2 hours ago

Park National Bank rating

6.9

Company rating: 6.9 out of 10

Based on 23 frontline employees who took The Breakroom Quiz

111th of 141 rated banks

Job description

JOB RESPONSIBILITIES
  • Accurately board collateral loan data to host system
  • Ensure all liens are fully secured on every collateralized consumer loan, including timely processing of liens and maintaining accurate documentation.
  • Ensure the bank's lien positions on all collateral are properly perfected, maintained, and released in a timely manner
  • Audit and ensure proper documentation for all title processing on vehicle purchases
  • Perform basic research requests for lien placements and terminations, including contacting title offices in other states, under direct supervision.
  • Stay current with bank, investor, and regulatory changes, including out-of-state changes in title and vehicle registration processes, and assist in communicating changes to other collateral associates
  • Provide general guidance and support to the affiliate banks and dealers in regard to collateral maintenance
  • Manage the processing of titles for newly financed vehicles, ensuring timely and accurate completion and match titles to appropriate loan files when received
  • Apply State of Ohio and other US states' vehicle laws, lien placement and title assignments in order to protect the Bank's security interest
  • Process electronic titles using the online electronic system and file/terminate UCC statements using the Secretary of State site, when applicable.
  • Complete compliance on secured installment collateral to verify accurate lien information
  • Identify and resolve discrepancies in incomplete collateral documentation or lien status.
  • Make recommendations to management for improved workflow and service to customers
  • Maintain awareness of and adherence to Bank's compliance requirements and risk management concepts, expectations, policies and procedures and apply them to daily tasks
  • Deliver a consistent, high level of service within our Serving More standards
  • Other duties as assigned

DESIRED KNOWLEDGE, SKILLS AND ABILITIES
  • Knowledge of Premier Navigator, including inquiry and maintenance capabilities, and Microsoft Office programs preferred. General understanding of collateral and perfection of a vehicle lien is a plus.
  • Demonstrate a willingness to learn and maintain understanding of all aspects of the position
  • Deliver consistent, high level of service within our Serving More guidelines

  • Interpersonal/Customer Service Skills
  • Written and Verbal Communication
  • Ability to understand and follow directions
  • Adaptable to change
  • Basic Computer Skills
  • Leadership/Management Skills
  • Ability to build collaborative relationships
  • Organizational Skills/Detail Oriented
  • Analytical Thinking
  • Able to Multi-Task or Juggle Priorities
  • Problem/Situation Analysis
  • Technical Expertise
  • Strategic Planning and Decision Making
  • Ability to develop or mentor others
  • Ability to work as part of a team

EDUCATION AND EXPERIENCE
  • Must possess high school diploma or equivalent
  • Notary License

SCHEDULE
Newark - Alford Building Department hours are Monday through Friday 8 am to 5 pm. This position is non-exempt and full time.
Physical Requirements: This position must be able to remain in a stationary position a minimum of 75% of the time, constantly operate a computer, and be able to be in constant communication with coworkers and stakeholders to discuss and exchange accurate information.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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