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Collateral Specialist Jobs (NOW HIRING)

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Collateral Specialist

Johnson City, TN · On-site

$18 - $20/hr

The Loan Servicer/Collateral Specialist will assist with servicing activities of current or recently past due loans and create or review loan documents assisting with processes necessary to protect ...

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Collateral Specialist

Scottsbluff, NE · On-site

Collateral Specialist Platte Valley Companies JOB SUMMARY: Inspect, verify, and evaluate real estate and chattel collateral. Associate will provide independent objective evaluation (value) of ...

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Collateral Specialist information

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$18

$28

$48

How much do collateral specialist jobs pay per hour?

As of Jun 17, 2026, the average hourly pay for collateral specialist in the United States is $28.70, according to ZipRecruiter salary data. Most workers in this role earn between $19.23 and $38.46 per hour, depending on experience, location, and employer.

What jobs pay 2000 a day?

Jobs that pay around $2,000 a day typically include high-level consulting, specialized medical procedures, executive roles, or certain freelance professions such as software development or legal consulting. These positions often require advanced skills, certifications, or extensive experience, and may involve project-based or contract work with high hourly or daily rates.

What are the key skills and qualifications needed to thrive as a Collateral Specialist, and why are they important?

To thrive as a Collateral Specialist, you need strong analytical skills, attention to detail, and a solid understanding of loan documentation and collateral evaluation, often supported by a degree in finance, business, or a related field. Familiarity with loan management systems, document tracking software, and regulatory compliance tools is typically required. Exceptional organizational skills, effective communication, and the ability to manage multiple priorities make someone stand out in this role. These skills are crucial for ensuring the accuracy, compliance, and efficiency of collateral processes that support sound lending practices.

What Does a Collateral Specialist Do?

A collateral specialist works with loan documents and helps recover collateral. As a collateral specialist, your job duties include communicating with banks and clients, verifying policies, and assisting with the collateral recovery process. The career requires a background in mortgages and lending. Although some employers in this field prefer work experience over a formal education, many collateral specialists earn an associate or bachelor’s degree in a related subject. You may also pursue professional certification to demonstrate your expertise and gain a competitive edge. Additional qualifications include strong analytical, research, and organizational skills.

What are some common challenges faced by Collateral Specialists, and how can they effectively manage them?

Collateral Specialists often encounter challenges such as tight deadlines for documentation, ensuring compliance with regulatory standards, and managing large volumes of paperwork. These tasks require strong organizational skills and attention to detail, as errors can delay transactions or increase risk for the organization. Effective Collateral Specialists regularly communicate with loan officers, underwriters, and clients to clarify requirements, and they use document management systems to streamline processes. Staying current with industry regulations and investing time in professional development can also help manage these challenges successfully.

What are Collateral Specialists?

Collateral Specialists are financial professionals responsible for managing and monitoring collateral used to secure loans or credit lines, typically in banks or lending institutions. Their duties include evaluating the value of collateral, ensuring proper documentation, tracking collateral status, and minimizing risk for the lender. They work closely with loan officers, customers, and appraisers to verify that all collateral requirements are met and maintained throughout the loan lifecycle. By doing so, they help protect the financial institution from potential losses due to loan defaults.

What jobs make $1,000,000 a year?

In the context of a Collateral Specialist, earning $1,000,000 annually is uncommon and typically requires senior-level positions in finance, investment banking, or executive roles. High earnings in these fields often involve bonuses, commissions, or profit-sharing, and usually require extensive experience, specialized skills, and advanced certifications. Most professionals in collateral management or related finance roles earn significantly less than this threshold.

What is a collateral specialist?

A collateral specialist is a professional responsible for managing and overseeing collateral assets used to secure loans or credit agreements. They verify, document, and monitor collateral to ensure it meets lender requirements and remains adequate throughout the loan term, often using specialized software and adhering to industry regulations.

What jobs pay $6,000 a month?

A Collateral Specialist can earn around $6,000 or more per month, especially with experience, certifications, and working in financial institutions or loan departments. Salaries vary based on location, employer, and level of expertise, with senior roles or specialized skills commanding higher pay. Typically, these roles involve managing collateral assets, documentation, and compliance tasks in a fast-paced environment.
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Collateral Specialist jobs near you
Infographic showing various Collateral Specialist job openings in the United States as of June 2026, with employment types broken down into 1% Locum Tenens, 88% Full Time, and 11% Part Time. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $59,693 per year, or $28.7 per hour.
Collateral Specialist

Collateral Specialist

Kinetic Credit Union

Columbus, GA • On-site

Full-time

Posted 18 days ago

Job description

Job Title: Collateral Specialist
Report To: Payment Services Manager
Location: In-person: 13th Street Branch
Hours: Monday - Friday 8:30am - 5pm - (hours may vary based on company need, including required overtime)
Status: Full-time/Non-exempt Hourly
General Purpose
Responsible for all aspects of the collateral area. Responsible for identifying and collecting all credit union loans which are late, delinquent, potentially delinquent or charged-off. Responsible for the daily operations relating to the Overdraft Privilege Program Service.
Essential Duties/Responsibilities:
  1. Receive repossessed collateral to include inspecting and storing personal items.
  2. Determine which collateral needs damage claims.
  3. Order titles as needed.
  4. Determine if the collateral will be sold here or sent to auction.
  5. Order keys as needed.
  6. Perform light duties such as inflating tires, adding water or coolant, changing batteries, jumping off and other duties as needed to prepare collateral for sale.
  7. Determine if the collateral needs to be sent for cleaning. Light cleaning like removing trash should be performed in the lot.
  8. Personal items will be stored for at least 60 days unless the member claims them prior to that date. Dispose of unclaimed items after 60 days.
  9. For collateral sold at Kinetic, take pictures and send to marketing for posting on website.
  10. Work with Payment Services Manager and Collateral Specialist to make sure all duties are covered. If repossessions are down, other duties in the Payment Services Dept will be assigned.
  11. Contacts delinquent members to discuss their accounts which are less than 30 days delinquent.
  12. Determines delinquency causes. If appropriate, offers and provides financial counseling to the member whose account is delinquent, makes recommendations and establishes proper corrective action to bring the loan current.
  13. Mails collection letters to members. Documents collection actions taken and refers serious problems to credit union management or the credit union's collection agency. Maintains delinquency and collection history on all delinquent loan and collection activity.
  14. Serves as the contact for the credit union's collection agency.
  15. Researches posting and transaction mistakes.
  16. Processes Extension and due date requests.
  17. Post and balance checks received on a daily basis.
  18. Assists with overseeing daily payment services department operations. Ensures proper adherence to credit union delinquent notice policies and procedures and that all collection practices are in accord with legal requirements and regulatory policies and procedures.
  19. Prepares delinquent loan report, month end reports and statistics as needed for Payment Services Mgr.
  20. Attend annual training on BSA/AML to remain current on any changes to these policies and procedures and remain compliant
  21. Participates in the Community Involvement goals of the credit union.
  22. Orders supplies for the department as needed.
  23. Reviews accounts to determine if overdraft privilege will be restored after it has been suspended.
  24. Serves as point of contact for all members (internal and external) in relations to the overdraft privilege program.
  25. Responsible for completing Information Security Awareness training as directed by management.
  26. Responsible for complying with GLBA, Safe Act, Regs B, D, E, CC, Z and other regulatory requirements

Additional Duties/Responsibilities
  1. Remains current on legal and regulatory issues, which may affect Payment Services.
  2. Provides debt and financial counseling using established procedures.
  3. Assists in maintaining collections records using established procedures.
  4. Responsible for completing Suspicious Activity Reports, when necessary, according to BSA/AML policies and procedures.
  5. Responsible for maintaining a current Learning Action Plan in conjunction with the Performance Management System.
  6. Performs additional duties as directed by management.

Supervisory Responsibilities
None
Technology Requirements
Employees must have smartphone (iOS or Android) to access company applications for tasks and security purposes.
Employees must install and use designated apps for access control and two-factor authentication to access company systems.
Requirements
  • Job requires a high school diploma or the equivalent and a commensurate level of language, math, and reasoning skills.
  • In addition, three years of experience in a related field is preferred.
  • Formal training should be supplemented with continuing education.

Work Environment/Physical Activities
  • This is a year-round position involving both indoor and outdoor work, with exposure to varying weather conditions including heat, cold, rain, and humidity.
  • Must be able to lift, carry, bend, twist, and move items weighing up to 50 pounds regularly.
  • Physical tasks include:
  • Inflating vehicle tires
  • Adding water or coolant
  • Changing vehicle batteries
  • Jump-starting vehicles
  • Performing other duties necessary to prepare collateral for sale
  • Basic computer proficiency is required, including working knowledge of:
  • Microsoft Excel (data entry, spreadsheets)
  • Microsoft Word (documentation, reports)
  • Email and internal communication systems
  • Will be required to work within our company computer software, which includes handling inventory, updating records, and supporting the preparation of assets for sale.
  • Job requires access to credit union's network and core data processing system.
  • Core system roles are assigned by Divisional Vice President.

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