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Collateral Specialist Jobs (NOW HIRING)

LP Finance

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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 ...

Addison Group

Collateral Specialist

Frisco, TX · On-site

$25 - $26.44/hr

Collateral Specialist Location: Frisco, TX Work Schedule: Monday - Friday, Onsite Type of Employment: Contract-to-Hire Compensation: $25 - $26.44/ hour Industry: Mortgage Banking Benefits: This ...

SECURITY BANK

Collateral Specialist

Tulsa, OK

Job Brief The Collateral Specialist is responsible for managing beginning to end lifecycle of loan collateral, property appraisal, and risk monitoring processes. This role ensures bank compliance ...

Alerus

Loan Collateral Specialist, Senior

Eagan, MN · On-site

The Senior Loan Operations Collateral Specialist is responsible for administering and safeguarding the Bank's collateral position throughout the loan lifecycle. This role executes critical collateral ...

Alerus

Loan Collateral Specialist, Senior

Fargo, ND · On-site

The Senior Loan Operations Collateral Specialist is responsible for administering and safeguarding the Bank's collateral position throughout the loan lifecycle. This role executes critical collateral ...

JPMorgan Chase & Co.

WI · On-site

$60 - $80/hr

As a Margin and Collateral specialist within Market operations, you will help drive our clients' business forward, while getting a behind-the-scenes look at how our own businesses run, you'll work on ...

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Collateral Specialist information

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$18

$28

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How much do collateral specialist jobs pay per hour?

As of Sep 7, 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 is a collateral specialist?

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 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 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 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.
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Collateral Specialist jobs near you
Infographic showing various Collateral Specialist job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 85% Physical, 2% Hybrid, and 13% Remote job distribution, with an average salary of $59,693 per year, or $28.7 per hour.

Collateral Specialist

LP Finance

Johnson City, TN • On-site

$18 - $20/hr

Full-time

Medical, Dental, Vision, Life, PTO

Re-posted 20 days ago

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Job description

Job Summary:

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 and recover collateral.

Duties/Responsibilities:

  • Assist with incoming calls and returned or past due payments within 1-5 days past due.
  • Review and process Same as Cash promotional offers and payoffs.
  • Ensure perfection of collateral documents such as titles, insurance, and UCC finance statements.
  • Verifying all collateral documents are present, audit documents for original vs. copies.
  • Collects, reviews, and analyzes data related to the company’s information systems and functions.
  • Initiates and monitors the collateral recovery process and related documentation.
  • Determines whether a system or function is operating according to organizational and industry procedures and guidelines.
  • Conducts frequent reports and efficiency analysis on assigned services and systems to identify delinquent customers and remedies for default.
  • Identifies discrepancies, risks, and other problems, then reports findings to upper management; recommends appropriate corrective measures.
  • Communicates with clients.
  • Performs other related duties as assigned.

Required Skills/Abilities:

  • Good accounting and internal auditing skills.
  • Works well with time-sensitive documents and completing tasks or projects with hard deadlines.
  • Proficient understanding and use of representative sampling techniques.
  • Excellent verbal and written communication skills.
  • Excellent organizational skills and attention to detail.
  • Proficient with Microsoft Office 365 or related software.

Education and Experience:

  • Experience with Vehicle Titling and legal processes such as bankruptcy and UCC filing required.

Physical Requirements:

  • Prolonged periods sitting at a desk and working on a computer.
  • Must be able to lift up to 15 pounds at times.