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Collateral Processor Jobs (NOW HIRING)

Origin Bank

Collateral Analyst III

Frisco, TX · On-site

Processes daily incoming collateral; opens mail received from clients and closing agents; reviews original Notes against funded loans in WLS; logs Notes in WLS; adds notes to Not Funded log pending ...

Origin Bank

Collateral Analyst III

Frisco, TX

Processes daily incoming collateral; opens mail received from clients and closing agents; reviews original Notes against funded loans in WLS; logs Notes in WLS; adds notes to Not Funded log pending ...

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 ...

Sonabank

Warehouse Collateral Specialist

Frisco, TX

Process received collateral in preparation to ship. * Ensure accuracy of received collateral. * Ship collateral files to end investor daily. * Confirm receipt of required collateral and track all ...

Sonabank

Warehouse Collateral Specialist

Frisco, TX · On-site

Process received collateral in preparation to ship. * Ensure accuracy of received collateral. * Ship collateral files to end investor daily. * Confirm receipt of required collateral and track all ...

TD Bank Group

ABL Collateral Analyst II

Mount Laurel, NJ · On-site +1

$24 - $36/hr

Possesses and demonstrates near expert knowledge of department processes, collateral analysis, internal support and transaction support functions * Proven proficiency in Reconcilement/ Analysis ...

Td

ABL Collateral Analyst II

Mount Laurel, NJ · On-site

$24 - $36/hr

Possesses and demonstrates near expert knowledge of department processes, collateral analysis, internal support and transaction support functions * Proven proficiency in Reconcilement/ Analysis ...

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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.
Collateral Management Loan Specialist

Collateral Management Loan Specialist

OceanFirst Bank

Toms River, NJ • On-site

Full-time

Posted 14 days ago

Job description

At OceanFirst Bank, each one of our employees plays an important role in delivering value to our customers and executing daily tasks in accordance with our core values. We recognize that our employees are essential to our success, making OceanFirst a great place to work and do business.
Great benefits include: on-site fitness facility at Red Bank and Toms River headquarter offices, employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to #BecomeOceanFirst and make an impact in the local community!
ABOUT YOUR ROLE
The Collateral Management Loan Specialist provides technical expertise and oversight for the review, preparation, and maintenance of collateral documentation supporting secured lending. This role ensures adherence with regulatory requirements, internal policies and procedures related to lien perfection, collateral release processes, and insurance compliance. The Collateral Management Loan Specialist serves as a resource to staff by offering guidance on complex documentation, tax and insurance matters, risk identification, and process execution. The Collateral Management Loan Specialist conducts detailed research, reviews recorded and loan documents, supports internal and external inquiries, and contributes to smooth operational workflow across the department.
WHAT YOU WILL DO LIST
Supports operational efficiency by ensuring tasks are completed accurately and timely and customer inquiries are handled promptly and professionally, creating a reliable and positive experience for borrowers, internal parties and third-party agents.
Assists with reviews for completeness of collateral records, tax, escrow, and insurance data maintained on the core system and data records tracked by third-party vendors used by collateral management team.
Assist team members by conducting comprehensive research on loan files, documents, and property records to resolve internal and external inquiries, while providing subject matter expertise on collateral documentation, tax, and insurance issues.
Completes and review full and partial collateral releases across all collateral types, applying legal document review skills to ensure accuracy, proper lien release, and compliance with state and federal requirements.
Ensures collateral documentation across all collateral types meet standards for lien perfection, priority, and enforceability. Reviews UCC filings, continuations, amendments, and terminations to verify that all filings satisfy statutory requirements for establishing or maintaining perfected security interests.
Reviews insurance policies, declarations pages, endorsements, and certificates to confirm they meet loan and collateral coverage requirements.
Identifies and communicates deficiencies in coverage, naming conventions, endorsements, and policy limits.
Provides subject matter guidance to internal teams regarding insurance documentation standards and correction procedures.
Assists with gathering of information for audits, loan sales and other external requests as needed.
Keeps current knowledge of all related systems including but not limited to the core banking system, tax tracking, insurance tracking, loan origination, and collateral tracking systems used by the Collateral Management Team.
Reviews, develops, and updates department procedures, ensuring alignment with regulatory requirements, legal standards, and current departmental practices.
Recommends improvements to enhance efficiency and reduce operational, compliance and legal risk.
Cross trains to support functions including in collateral management including collateral releases, payoff quotes, UCC, tax and insurance processing,
Understands the compliance requirements for Loan Operations to ensure files are maintained in accordance with regulations.
Assists with conversions, mergers and other special projects.
WHAT WE EXPECT OF YOU
Strong verbal, written, communication and interpersonal skills.
Ability to read and understand loan documents including security agreements, mortgage documents, UCC filings, and insurance policies.
Detail-oriented and organizational skills.
Ability to manage various assignments simultaneously and meet required deadlines.
Computer proficiency in Bank systems, MS Office Suite, and loan operation programs.
Strong research skills, including the ability to review public records, property searches, recorded liens, and supporting legal filings.
YOUR QUALIFICATIONS
High School Diploma or equivalent required.
3-5 years experience in loan servicing, collateral management, or related role.
INTERNAL AND EXTERNAL CONTACTS
Internal customer service including but not limited to Branch personnel, Commercial Closing teams, Small Business Lending, Commercial Lending Team, Special Asset Department, Deposit Operations, Auditors, etc.
External customer service with customers, vendors, attorneys, and title companies, county clerk offices.
WORKING CONDITIONS/PHYSICAL REQUIREMENTS
Office environment. Ability to operate a computer. Ability to communicate in order to exchange simple to complex information with individuals and groups. Ability to travel throughout Bank footprint.

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