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Collateral Processor Jobs (NOW HIRING)

Covius

Collateral File Processor

Palm Harbor, FL

$15 - $18.80/hr

Summary The Processor Collateral File Processor is responsible for the accurate intake, reconciliation, and management of sensitive documentation, including original loan files and negotiable ...

Covius

Collateral File Processor

Palm Harbor, FL · On-site

$15 - $18.80/hr

Job Summary The Collateral File Processor is responsible for the accurate intake, reconciliation, and management of sensitive documentation, including original loan files and negotiable instruments.

Lithia

DFC Collateral Admin

Medford, OR · On-site

$18 - $20/hr

Process impound checklist and coordinate with Collateral Management team for possible repossession assignment * Update DFC loan management system with all relevant information upon recovery of ...

Rockland Trust

ABL Collateral Analyst

Braintree, MA · On-site

Systems & Process Management * Maintain accurate collateral records in loan systems and spreadsheets. * Contribute to process improvements and standardization initiatives. * Assist with special ...

Lithia & Driveway

DFC Collateral Admin

Medford, OR · On-site

$18 - $20/hr

Process impound checklist and coordinate with Collateral Management team for possible repossession assignment * Update DFC loan management system with all relevant information upon recovery of ...

PRI Technology

Be Seen First

Collateral Management Operations Specialist

Edison, NJ · On-site

$80K - $115K/yr

Process and manage margin calls, collateral movements, and substitutions across multiple entities in accordance with governing legal agreements and internal procedures, ensuring accuracy, timeliness ...

Lithia Motors, Inc.

DFC Collateral Admin

Medford, OR · On-site

$18 - $20/hr

Process impound checklist and coordinate with Collateral Management team for possible repossession assignment * Update DFC loan management system with all relevant information upon recovery of ...

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Collateral Processor information

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How much do collateral processor jobs pay per hour?

As of May 31, 2026, the average hourly pay for collateral processor in the United States is $16.74, according to ZipRecruiter salary data. Most workers in this role earn between $13.46 and $19.23 per hour, depending on experience, location, and employer.

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.

More about Collateral Processor jobs
What cities are hiring for Collateral Processor jobs? Cities with the most Collateral Processor job openings:
What states have the most Collateral Processor jobs? States with the most job openings for Collateral Processor jobs include:
What job categories do people searching Collateral Processor jobs look for? The top searched job categories for Collateral Processor jobs are:
Collateral Processor jobs near you
Infographic showing various Collateral Processor job openings in the United States as of May 2026, with employment types broken down into 83% Full Time, and 17% Part Time. Highlights an 83% In-person, and 17% Remote job distribution, with an average salary of $34,822 per year, or $16.7 per hour.
Temporary Collateral Analyst

Temporary Collateral Analyst

Carrington Holding Company, LLC

Orange, CA • On-site

Full-time

Posted 9 days ago

Job description

Job Description
Come join our amazing team and work in our Orange, CA office!
The Temporary Collateral Analyst will be responsible for collateral file reporting with all custodians of record as well as ensuring the accuracy of reporting for all collateral related data used for business purposes. Use multiple sources of data, systems, and tools to analyze collateral status and documentation, satisfy collateral exceptions, mitigate risk, and independently manage an assigned pipeline of work, while employing prescribed processes. Perform all duties in accordance with the company's policies and procedures, all US state and federal laws and regulations, wherein the company operates. The pay is 25.00 an hour.
What you'll do:
  • Perform audits of loan level collateral file documentation, exceptions, and inventory across multiple custodians of record through the analysis and reconciliation of documents, reports, and internal tracking systems.
  • Independently resolve and/or correct exceptions related to missing, incorrect, unrecorded, illegible, damaged, or otherwise unusable documents required in a mortgage collateral file.
  • Act as point of contact and escalation for pool and collateral level exception resolution.
  • Provide training support to team and business process.
  • Track and monitor file location and movement using database systems.
  • Familiar with MERS registered loans and effect on Assignment chain.
  • Utilize Microsoft tools such as Excel and Visio for data analysis, reporting, and process flows.
  • Employ the highest levels of collateral documentation expertise to execute against business strategy, ensuring production objectives are achieved within the desired timeframe and risk tolerances.
  • Apply a high degree of initiative-taking and resourcefulness to satisfy exceptions through various forms of documentation and/or data, within a specified timeframe.
  • Analyze assigned body of work for initial, final, and/or recertification of pools.
  • Create, manage, and maintain required daily, weekly, and monthly status reporting of assigned pools, collateral files, exceptions, collateral location, collateral movement, and pipeline.
  • Prepares, organizes, maintains, and analyzes data for reporting to senior management on assigned pipeline, projects, and business processes.
  • Perform analysis of reporting data for on-site inventory of collateral files and trailing documents.
  • Work closely with custodians, vendors, and clients to ensure accurate and timely reconciliation of exceptions, data, initial certification, final certification, and/or recertification of pools, while providing the highest levels of service.
  • Create and maintain documentation of processes, reports, applications, and procedures as per department policy.

What you'll need:
  • Bachelor's degree or equivalent work experience.
  • Two (2) or more years related experience in collateral, report development, data analysis, mortgage loss mitigation, and/or curing documentation.
  • Title Curative, Final certification and re-pooling experience a plus.
  • This is an onsite position in Orange, CA.

Our Company:
Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you'll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com.
What We Offer:
  • Comprehensive healthcare plans for you and your family.
  • Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

California Privacy Notice: https://oag.ca.gov/privacy/ccpa
Notice to all applicants: Carrington does not do interviews or make offers via text or chat.
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