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Collateral Processor Jobs in Ohio (NOW HIRING)

Consumer Loan Closer

Cincinnati, OH

$18.25 - $22.75/hr

Previous hands-on experience with processing loan collateral. * Previous experience handling lending-related insurance products. * Skills & Abilities * The "Audit" Mindset : Strong attention to ...

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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 cities in Ohio are hiring for Collateral Processor jobs? Cities in Ohio with the most Collateral Processor job openings:
Lead Servicing Officer - Institutional Real Estate

Lead Servicing Officer - Institutional Real Estate

Keybank

Brooklyn, OH • On-site

Full-time

Posted 26 days ago


KeyBank rating

8.3

Company rating: 8.3 out of 10

Based on 90 frontline employees who took The Breakroom Quiz

35th of 142 rated banks


Job description

Location:

4910 Tiedeman Road, Brooklyn Ohio

Job Summary
This role offers the opportunity to join a wellestablished, growing Real Estate Institutional Capital Group team that is recognized for its leadership in commercial lending and lead Agent role in RE syndication market.

The Lead Servicing Officer is responsible for servicing an assigned portfolio of commercial real estate loans, primarily supporting the Real Estate Institutional Capital Group Line of Business, including nonowner occupied and interim loan structures.The role provides endtoend servicing support, portfolio administration, and related client services for a sophisticated client base that includes public and private REITs, real estate private equity firms and advisors, and commercial real estate owners, with additional focus on specialized healthcare property financing for hospitals and senior housing owners and operators. This position independently manages all preclosing and preboarding document reviews, risk management activities, and ongoing loan system processing, including loan boarding, maintenance, and data integrity.

Our team partners closely with relationship managers, closers, and internal teams to deliver highquality service and expert guidance across revolver, term, borrowing base and bridge loan products, while balancing multiple priorities and varying levels of complexity. As the bank continues to expand its commercial real estate platform, this role provides meaningful exposure to complex transactions, strong collaboration across lending teams, and the opportunity to grow within a stable, relationshipdriven organization.

Essential Functions

  • Responsible for supporting client service functions required by credit and non-credit products offered by the Real Estate Capital Division

  • Responsible for all post-closing services for assigned portfolio of medium complexity loan structures.

  • Proven ability to prioritize and handle multiple tasks in a high-volume environment

  • Provides backup for servicing for team members.

  • Provides expertise and assist RM and Closer in pre-closing process by review of loan documents, evaluation of funding requirements and attending closing meetings

  • Assimilates and analyzes information necessary to establish medium complexity loan and disbursement controls on bank systems, including borrowing base availability.

  • Establishes and maintains servicing files including property additions and releases and letter of credit issuance.

  • Identifies exceptions and obtains appropriate approvals as necessary

  • Initiates and analyzes standard and custom monitoring requirements including title/tax update, insurance and holdbacks

  • Initiates financial and collateral transactions based on customer request or loan document provisions

  • Analyzes and facilitates rate, commitment, and collateral changes, loan payments, tax and insurance escrows, flood zone monitoring requirements, DDA/Cash management services, and payoff instruction

  • Maintain all aspects of DDA Restricted Collateral Accounts including account opening, disbursements, reconciliations, hold level maintenance and account closing.

  • Maintains data integrity of system of record including posting of transactions, on-boarding of new loans and collateral, processing modifications and amendments, and data information maintenance.

  • Clearly and immediately communicates problems/issues to Manager and/or RM

  • Forms alliance with RMs to provide superior service to client base including achievement of goals for cash management services and off balance sheet transitions.

  • Provides expertise to RMs on system requirements. Proactively identifies and assists in resolving issues affecting client service and risk management

  • Provides expertise to others by thorough understanding of business requirements of clients and loan related transactions

  • Active participation in projects as needed

  • Perform other duties as assigned; duties, responsibilities, and/or activities may change or new ones may be assigned at any time with or without notice.

  • Comply with all KeyBank policies and procedures, including acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key's clients and Key.

Education

  • Bachelor's degree or equivalent experience

Required Qualifications

  • 3+ years' experience and knowledge of commercial real estate including commitment/loan structures, title/liens, documentation, and industry practices for collateral release (required)

  • Familiarity with Commercial Loan Systems and Deposit Systems (required)

  • Prior experience in comprehension of public or private REIT's (preferred)

  • Demonstrated ability to service commercial loans with more complex financing (ex. Foreign Exchange products) (preferred)

Skills & Competencies

  • Analytical Skills: Demonstrates strong ability to analyze complex information, identify patterns, and apply sound judgment to support accurate decisionmaking.

  • Attention to Detail: Maintains a high level of accuracy and thoroughness to ensure data integrity, compliance, and quality outcomes.

  • Systems and Quantitative Aptitude: Applies strong aptitude for systems, analysis, and mathematics to understand financial structures, processes, and controls.

  • Communication Skills: Communicates clearly and effectively in both written and verbal formats, fostering transparency and productive collaboration.

  • MultiTasking and Prioritization: Effectively manages multiple tasks and competing priorities in a fastpaced, highvolume environment.

  • Technology Proficiency: Proficient in PC applications, including Microsoft Excel and Word, to support analysis, documentation, and reporting.

  • Accountability: Takes ownership of responsibilities, honors commitments, learns from mistakes, and demonstrates open and honest communication.

  • Business Acumen: Understands the financial services industry, competitive landscape, and business strategy while applying risk management principles in daily work.

  • Client Focus: Delivers highquality service to internal and external clients by actively listening, exercising sound judgment, and balancing client needs with organizational objectives.

  • Continuous Learning and Development: Actively pursues professional growth and shares knowledge to strengthen individual and team performance.

  • Drive for Results: Consistently delivers strong performance by setting high standards, meeting deadlines, and maintaining focus on achieving goals.

  • Effective Collaboration: Builds strong working relationships by engaging stakeholders, sharing information, and working cooperatively to achieve shared outcomes.

  • Change Leadership: Adapts effectively to change, demonstrates a continuous improvement mindset, and makes timely decisions under pressure while escalating appropriately.

  • Managerial Courage: Provides and receives constructive feedback openly, addresses conflict productively, and fosters cooperation through respectful dialogue.

  • Vision and Purpose Alignment: Understands how individual contributions support departmental and organizational goals and prioritizes work accordingly.


Physical Demands

  • General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.


Work Location Category

  • Hybrid (2 days) - Qualified candidate must be able to report to one of the office sites listed 2 days per week.

#LI-JK1

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $57,000.00 - $87,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 06/26/2026 KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.

#LI-Hybrid

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About KeyBank

Sourced by ZipRecruiter

Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849