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Collateral Processor Jobs in Ohio (NOW HIRING)

Collabera LLC

$90 - $95/hr

Strong understanding of trade lifecycle and collateral management processes (margining, settlements, optimization). * Advanced SQL skills (joins, subqueries, group by) for data validation and ...

New

7 17 Credit Union

REPO SPECIALIST

Warren, OH

$14.50 - $19.25/hr

Responsible for all repossession, pre-auction, auction, post-auction activities/processes, vendor management, collateral recovery including repossession assignment, remarketing/sales/auctions, and ...

7 17 Credit Union

Repossession Specialist

Warren, OH · On-site

$42K - $58K/yr

Responsible for all repossession, pre-auction, auction, post-auction activities/processes, vendor management, collateral recovery including repossession assignment, remarketing/sales/auctions, and ...

Keybank

Treasury Operations Analyst

Brooklyn, OH

... for processing transactions and preparing both internal and regulatory reports associated with the Investment Portfolio, Collateral Management, Funding (including Liabilities), and Safekeeping ...

KeyBank

Treasury Operations Analyst

Brooklyn, OH · On-site

... for processing transactions and preparing both internal and regulatory reports associated with the Investment Portfolio, Collateral Management, Funding (including Liabilities), and Safekeeping ...

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All JobsCollateral Processor JobsCollateral Processor Jobs in Ohio

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
Commercial Processing Manager

Commercial Processing Manager

Killbuck Savings Bank Co

Millersburg, OH • On-site

Full-time

Posted 14 days ago

Job description

Description:

Leads, coaches/trains, and delegates duties to direct reports. Examines and evaluates the performance of the loan processors within the department. Assist loan officer(s) in processing loans from application to completed file.

Requirements:
  • Leads and provides ongoing training to a team of commercial loan processors
  • Maintains and provides several reports to senior management as assigned
  • Responsible for any corrective and/or disciplinary action of direct reports
  • Tasked with mentoring/training potential replacements for this position
  • Notify customer by mail of rejection of loan
  • Track collateral and insurance for secured loans and properly execute liens and update insurance policies
  • Maintain organized records of current and paid off loan files, and assist loan officers
  • Prepare loan documentation for all loan types
  • Become or remain an active member of civic organizations and/or clubs on behalf of the bank

Updated 050523

EOE

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