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Collateral Processor Jobs in Ohio (NOW HIRING)

Covita Lending LLC

Mortgage Loan Processor LP3

Columbus, OH

$37.40K - $51.40K/yr

... income, and collateral. The ideal candidate will communicate proactively throughout the ... process to help reduce conditions, keep files moving efficiently, and create a smooth, positive ...

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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.

Commercial Loan Processor

Farmers National Bank of Canfield

Canfield, OH • On-site

Full-time

Posted 5 days ago

Job description

This position will assist in Commercial Portfolio to include set up of new loans on the core system in an accurate and timely manner. Additionally, this role is responsible for filing and tracking UCC's, insurance, commercial appraisals and commercial loan maintenance.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Process new commercial loan set-ups on the core system; Maintain accuracy and timely completion and pay attention to incomplete items and exceptions to loan policy
  • Perform system maintenance on commercial loans
  • Maintain tickler list for monitoring future rate and payment changes
  • Monitor prime rate change notices and process new payment amounts
  • File and track all commercial UCC's
  • Track all insurance policies that cover the collateral on the loan
  • Maintain pending list of outstanding documents, exceptions and work list as needed to complete files
  • Provide customer service on incoming calls regarding commercial accounts from borrowers, branches and third parties
  • Other clerical duties as required
  • Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money Laundering procedures. Maintain compliance with all appropriate rules and regulations.
  • Regular, predictable attendance is an essential requirement of this positionTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to allow individuals with disabilities to perform the essential functions.

EDUCATION AND/OR EXPERIENCE:
  • High School diploma or General Education Degree (GED)
  • Minimum of one (1) year experience in commercial loans.
  • Knowledge of Fiserv, loan documentation systems and constructions item requirements preferred
  • Strong verbal and written communication skills
  • Proven ability to handle difficult and confidential client interactions
  • Must possess basic computer skills and knowledge, specifically experience with Excel
  • Must be a notary (or able to become a notary within 6 months of hire)
  • Must pay attention to detail, be thorough and well organized

E-Verify is used to confirm the identity and employment eligibility of all newly hired employees
Farmers National Banc Corp. is an Equal Opportunity Employer: disability/veteran
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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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