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Collateral Processor Jobs in Cleveland, OH (NOW HIRING)

Northwest

Portfolio Manager II or III

Independence, OH · On-site +1

$61K - $110K/yr

... process for the Bank's commercial loans to ensure timely and accurate risk ratings and compliance ... collateral valuation, annual reviews, and delinquencies. Evaluation of risk associated with non ...

Minority Behavioral Health Group

Therapist

Akron, OH · On-site

Shares and receives appropriate information with the parents and/ or guardians, collateral ... process. * When working in a school site, therapist should work cooperatively with teachers ...

Huntington

CRE Loan Closing Specialist - Senior

Cleveland, OH · On-site

$55K - $69K/yr

Responsible for clearing any outstanding post-closing items and collateral exceptions and ensures ... Process Improvement: Identify opportunities to enhance efficiency and effectiveness in the loan ...

Huntington

FRG Rep I

Akron, OH · On-site +1

$35K - $41K/yr

Prefer a minimum of 2 years liquidating assets held as collateral in a business banking and commercial loan portfolio * Prefer experience with Real Estate Foreclosure process * Multi-tasking, system ...

Village Green

Concierge - All Shifts

Shaker Heights, OH · On-site

$17.49 - $19.74/hr

Provides brochures, floor plans and other collateral to clients * Completes guest cards, provides ... As part of our hiring process, all employment offers are contingent upon the successful completion ...

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Collateral Processor information

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$8

$16

$25

How much do collateral processor jobs pay per hour?

As of Jul 18, 2026, the average hourly pay for collateral processor in Cleveland, OH is $16.24, according to ZipRecruiter salary data. Most workers in this role earn between $13.08 and $18.65 per hour, depending on experience, location, and employer.

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 jobs pay 500,000 a year in the US?

In the US, high-paying roles such as senior executives, investment bankers, specialized surgeons, and certain technology executives can earn $500,000 or more annually. These positions often require advanced degrees, extensive experience, and leadership responsibilities, and may include bonuses or stock options that significantly increase total compensation.

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.

What is the highest paying job in the mortgage industry?

In the mortgage industry, senior roles such as Mortgage Vice Presidents, Chief Underwriters, or Regional Managers tend to have the highest salaries. These positions often require extensive experience, leadership skills, and industry knowledge, and they can earn six-figure incomes depending on the company and location.

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 jobs make $1,000,000 a year?

In the context of a collateral processor or related finance roles, earning $1,000,000 annually is uncommon and typically limited to high-level executive positions such as chief financial officers or investment bankers, or successful entrepreneurs. These roles often require extensive experience, advanced skills, and sometimes ownership stakes or bonuses tied to company performance.
What are popular job titles related to Collateral Processor jobs in Cleveland, OH? For Collateral Processor jobs in Cleveland, OH, the most frequently searched job titles are:
What job categories do people searching Collateral Processor jobs in Cleveland, OH look for? The top searched job categories for Collateral Processor jobs in Cleveland, OH are:
Collateral Processor jobs near you
Infographic showing various Collateral Processor job openings in Cleveland, OH as of July 2026, with employment types broken down into 92% Full Time, 7% Part Time, and 1% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $33,772 per year, or $16.2 per hour.
Director Business Dev Officer-Cap Equip Finance - (Remote) OH

Director Business Dev Officer-Cap Equip Finance - (Remote) OH

First Citizens Bank

Cleveland, OH • On-site

$175K - $200K/yr

Full-time

Re-posted 3 days ago

First Citizens Bank rating

7.5

Company rating: 7.5 out of 10

Based on 104 frontline employees who took The Breakroom Quiz

92nd of 149 rated banks

Job description

Overview

This is a remote role that will only be hired in the following location(s):  OH, ND, SD, NE, KS, MN, WI, MI, IA, MO, IN

First Citizens Bank - Capital Equipment Finance (CEF) provides equipment loans and leases for transactions ranging in size from $3 million to $100 million and more. We offer flexible structures and terms of up to eight years, with advance rates tailored to the collateral type, industry type and the credit profile of the borrowers. The CEF business unit targets clients with credit profiles ranging from B to BB+, in general.


Responsibilities
  • Focus on directly originating transactions of $3MM to $100MM both for CEF's own account and in connection with syndication to other industry players
  • Cross sell other First Citizens bank products through internal referrals
  • Interface with C Suite level executives
  • Solicit and origination transactions with all types of equipment types and industries including; construction, manufacturing - discrete and process, automotive, energy, transportation, chemicals and plastics, inland marine.
  • Act as deal advocate using strong credit skills in working with the underwriting team to facilitate transactions through closing.
  • Strong sales skills, negotation skills and credit skills are vital to being successful in this role. Focus on originating transactions of $3MM to $100MM both for First Citizens Bank and 60-First's own account and in connection with syndication to other industry players, Cross sell other FCB products, Interface with C Suite level executives, Solicit and origination transactions with all types of equipment types and industries including; construction, manufacturing, automotive, energy, trucking, chemicals and plastics, inland marine., Act as deal advocate using strong credit skills in working with the underwriting team to facilitate transactions through closing,

Qualifications

Required:

Bachelor's Degree and 8 years of experience in Direct origination of transactions ranging from $3MM to $100MM OR High School Diploma or GED and 12 years of experience in Direct origination of transactions ranging from $3MM to $100MM

Preferred:

  • BA Business or Economics
  • Understanding of all market deal structures
  • Direct origination of equipment finance and leasing transactions for companies with revenues greater than $75 million dollars.
  • 8 years in an Equipment finance deal origination role with strong understanding of credit, collateral and structuring
  • Originating transactions with all types of equipment types and industries including; construction, manufacturing - discrete and process, automotive, energy, transportation, chemicals and plastics, inland marine.
  • Strong track record closing transactions and developing a new territory
  • Strong and respected reputation in industry with strong base of clients and contacts
  • Previous credit background and bank experience a plus
  • Understands the benefits of selling tax lease products

If hired in the Ohio or Illinois the base pay for this position is generally between $175,000.00 and $200,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

#LI-NK1

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Qualifications:

Required:

Bachelor's Degree and 8 years of experience in Direct origination of transactions ranging from $3MM to $100MM OR High School Diploma or GED and 12 years of experience in Direct origination of transactions ranging from $3MM to $100MM

Preferred:

  • BA Business or Economics
  • Understanding of all market deal structures
  • Direct origination of equipment finance and leasing transactions for companies with revenues greater than $75 million dollars.
  • 8 years in an Equipment finance deal origination role with strong understanding of credit, collateral and structuring
  • Originating transactions with all types of equipment types and industries including; construction, manufacturing - discrete and process, automotive, energy, transportation, chemicals and plastics, inland marine.
  • Strong track record closing transactions and developing a new territory
  • Strong and respected reputation in industry with strong base of clients and contacts
  • Previous credit background and bank experience a plus
  • Understands the benefits of selling tax lease products

If hired in the Ohio or Illinois the base pay for this position is generally between $175,000.00 and $200,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

#LI-NK1

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Education:UNAVAILABLEEmployment Type: FULL_TIME

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