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Collateral Processor Jobs in Cleveland, OH (NOW HIRING)

Schumacher Homes

Sales Coordinator

Akron, OH · On-site

$18 - $24.75/hr

Provides special event coordination by calling for attendance/invites, confirm RSVP's, collateral ... As part of our hiring process, we may use technology, including AI-assisted tools, to help review ...

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KURV

Senior Merchant Underwriter

Cleveland, OH

$95K - $113K/yr

Develop and implement strategies to mitigate credit risk, including recommending collateral requirements or processing limits. * Monitor payment behaviors and take appropriate action in cases of ...

Bellwether Enterprise

Portfolio Analyst

Cleveland, OH · On-site

... collateral of the Servicing Portfolio. The Portfolio Analyst will implement day-to-day risk ... Manage letter campaign process to notify Borrowers of submission requirements. * Monitor and track ...

Bellwether Enterprise

Portfolio Analyst

Cleveland, OH · On-site

... collateral of the Servicing Portfolio. The Portfolio Analyst will implement day-to-day risk ... Manage letter campaign process to notify Borrowers of submission requirements. * Monitor and track ...

DORN COLOR LLC

2nd Shift Color Matcher

Cleveland, OH · On-site

$17 - $27/hr

... quality sampling collateral that help our customers exceed their sales objectives and help ... Understand and use equipment and tools in the color matching process. This includes the ...

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All JobsCollateral Processor JobsCollateral Processor Jobs in Cleveland, OH

Collateral Processor information

See Cleveland, OH salary details

$8

$16

$25

How much do collateral processor jobs pay per hour?

As of Aug 8, 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 is a collateral processor?

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.

Is it hard to be a collateral processor?

Being a collateral processor involves reviewing and managing collateral documentation, which requires attention to detail, organizational skills, and knowledge of financial regulations. The role can be demanding during high-volume periods but generally follows standard office hours and requires familiarity with loan and collateral management systems.

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 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 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 August 2026, with employment types broken down into 89% Full Time, 8% Part Time, 1% Temporary, and 2% Contract. Highlights an 85% Physical, 5% Hybrid, and 10% Remote job distribution, with an average salary of $33,772 per year, or $16.2 per hour.

Business Development and Industry Marketing Manager

Applied Industrial Technologies

Cleveland, OH • On-site

Full-time

Re-posted 6 days ago

Applied Industrial Technologies rating

6.8

Company rating: 6.8 out of 10

Based on 56 frontline employees who took The Breakroom Quiz

260th of 412 rated retail wholesalers

Job description

Business Development and Industry Marketing Manager
SCOPE OF RESPONSIBILITY
  • Design the strategy and drive the execution of target vertical market programs within the key strategically identified growth industries. Current focus industries include Food & Beverage, aggregate, cement, and mining, primary metals and metals mining, pulp & Paper, Chemical & Petrochemicals, and water and wastewater treatment. Also responsible for identifying and driving emerging markets such as warehouse & logistics, Automotive and EV, Semiconductor, Life Sciences and Pharmaceutical.

  • C to C - Concept to commercialization process that helps sales field teams drive revenue, gross profit, and operating profit growth in select vertical markets

JOB DUTIES
  • Stay current with market trends, key industry investments and maintain market knowledge of focus industries
  • Coordinate and lead marketing programs, and customer campaigns with goals of increasing Applied's market share and segment leadership in the industry
  • Create and drive sales enableme nt tools, training and marketing collateral jointly with other departments to support overall field sales execution.
  • Collaborate cross-functionally with product management, digital, corporate communications, sales, supply chain and manufacturers to create best-in-class targeted marketing and lead generation.
  • Participate in aligned associations and trade shows with the key industries.
  • Manage jointly with other industry managers the updating and enhancement of Applied's digital landing pages to help drive messaging and targeted customers.
  • Proactive analysis and review of company performance in key vertical markets. Leverage internal and external data analysis in the development of actionable plans to achieve the company's sales, margin and overall profitability goals.

  • Serve as subject matter expert for the vertical market to include key applications and products, industry trends, and competitive activity

  • Interacts with sales leadership and outside sales team, including strategic accounts sales team, to provide expertise and guidance on growth opportunities

  • Direct customer interaction to identify opportunities for increased sales and to support sales team during presentations and proposals

  • Work directly with suppliers in the planning, negotiation and evaluation of new products and services in conjunction with the product management team. Assist in the inventory planning for the US Service Center network.

  • Manages development, production and distribution of promotional & collateral materials to support sales and marketing programs, i.e., sell sheets, trade shows, training materials

  • Provide post-event reports, analysis, and status reports on industry performance and ROI metrics

JOB REQUIREMENTS
  • Bachelor's degree in business or sales and marketing-related focus

  • 5 + years of sales or marketing-related work experience, specifically within target industries preferred

  • Knowledge and or experience in key industries such as aggregate, cement, and mining, metals mining, water, and wastewater treatment

  • Proven results in analyzing data and trends to create relevant and actionable business insights

  • Strong Microsoft skills, including spreadsheet management, pivot tables, Power BI, PowerPoint, and Word

Founded in 1923, Applied Industrial Technologies (NYSE: AIT) is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise.
Applied Industrial Technologies is built on a philosophy that puts people first. We are an equal opportunity employer, and we are committed to a workforce in which we enforce fair treatment and provide growth opportunities for everyone. All qualified applicants will receive consideration for employment regardless of age, race, color, national origin, genetics, religion, gender, marital status, physical or mental disability, or any other characteristic protected by applicable laws, regulations, and ordinances.

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