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Mortgage Collateral Manager Jobs (NOW HIRING)

NC SECU

Manage and oversee critical mortgage collateral processes, including deed of trust satisfactions, internal and external subordinations for second mortgages, collateral jacket creation/maintenance ...

Carrington Holding Company

The Mortgage Collateral Vice President will lead various departments and teams responsible for ... Oversee the management of GSE pooled acquisition portfolios and final pool certification. * Lead ...

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Mortgage Collateral Manager information

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$62.5K

$94K

$202.5K

How much do mortgage collateral manager jobs pay per year?

As of Sep 10, 2026, the average yearly pay for mortgage collateral manager in the United States is $94,039.00, according to ZipRecruiter salary data. Most workers in this role earn between $67,500.00 and $92,000.00 per year, depending on experience, location, and employer.

What is a mortgage collateral manager?

Mortgage Collateral Managers are professionals responsible for overseeing and managing the collateral that secures mortgage loans. Their duties include verifying the value and status of collateral assets, ensuring compliance with lending regulations, and monitoring the risk associated with mortgage-backed securities. They play a critical role in protecting lenders from potential losses by ensuring all documentation and valuations are accurate and up to date. Additionally, they may coordinate with other departments to resolve collateral issues and support loan origination and securitization processes.

How does a mortgage collateral manager typically collaborate with other departments within a financial institution?

A Mortgage Collateral Manager works closely with teams such as underwriting, risk management, legal, and loan servicing to ensure that all collateral documentation is accurate, compliant, and properly maintained. Effective collaboration is essential for resolving discrepancies, managing collateral releases, and supporting audits or regulatory reviews. Regular communication and coordination with these departments help maintain data integrity and minimize risks associated with mortgage assets, contributing to the overall health of the institution's loan portfolio.

What are the key skills and qualifications needed to thrive as a mortgage collateral manager, and why are they important?

To thrive as a Mortgage Collateral Manager, you need a comprehensive understanding of mortgage documentation, collateral evaluation, and risk management, usually backed by a degree in finance or a related field. Familiarity with loan origination systems, collateral tracking software, and regulatory compliance tools is essential, and certifications like Certified Mortgage Banker (CMB) can be advantageous. Strong analytical thinking, attention to detail, and effective communication help ensure accurate processing and collaboration with various stakeholders. These skills and qualifications are crucial to maintaining regulatory compliance, minimizing risk, and safeguarding the institution's financial interests.

What is the difference between Mortgage Collateral Manager vs Mortgage Underwriter?

AspectMortgage Collateral ManagerMortgage Underwriter
CredentialsTypically requires mortgage industry experience, possibly certifications like MCM or equivalentRequires mortgage underwriting certifications, such as DE (Direct Endorsement) or equivalent
Work EnvironmentWorks in loan servicing, collateral evaluation, and risk management teamsWorks in loan approval, risk assessment, and compliance teams
Employer & Industry UsageUsed by banks, mortgage lenders, and servicing companiesUsed by lenders, banks, and mortgage companies during loan processing

While both roles are integral to mortgage lending, the Mortgage Collateral Manager focuses on managing and evaluating collateral assets, ensuring loan security, whereas the Mortgage Underwriter assesses loan applications and determines approval based on borrower risk. Understanding these distinctions helps in choosing the right career path or job search focus.

What are popular job titles related to Mortgage Collateral Manager jobs?

For Mortgage Collateral Manager jobs, the most frequently searched job titles are:

Infographic showing various Mortgage Collateral Manager job openings in the United States as of September 2026, with employment types broken down into 96% Full Time, and 4% Contract. Highlights an 87% In-person, 4% Hybrid, and 9% Remote job distribution, with an average salary of $94,039 per year, or $45.2 per hour.

Collateral Operations Analyst

San Francisco, CA • On-site

Superbeo
11 - 50 employees
Learn more about Superbeoexternal

Contractor

Re-posted 16 days ago

Job description

Job Title: Collateral Operations Analyst

Job Location: San Francisco, CA 94104, Hybrid (hybrid work schedule, Tuesday and Wednesday, at the  Offices)

Job Duration: 3 months (Poosibility of extension)

Job Summary:

  • This role involves providing analytical and technical support to member banks regarding mortgage collateral processes, particularly focusing on Mortgage Collateral Update (MCU) files that contain updated information on pledged loan collateral.
  • This position requires interfacing with internal technical support teams to ensure proper handling of confidential information contained in mortgage collateral files. 

Primary Responsibilities:

  • Create and maintain customized mortgage collateral update files
  • The role involves creating and gathering customer specifications for mortgage collateral update (MCU) files while collaborating with members to review test results.
  • This position requires coordinating and writing user acceptance criteria through JIRAs and conducting testing with each customer to validate data integrity.
  • The analyst provides technical support and troubleshooting assistance to enable members to process their MCU files, along with ongoing support for members' data files and maintenance of data maps.
  • Additionally, the role includes conducting market research and supporting changes to criteria data requirements to ensure compliance with the Bank's collateral risk framework.

Skills/Knowledge:

  • This role requires a strong understanding of financial data, particularly notes, and the ability to identify discrepancies such as receiving an adjustable rate when a fixed rate is expected.
  • The ideal candidate will be proficient in reading and interpreting bank notes, extracting relevant information, and accurately compiling that data into organized Excel spreadsheets for presentation to management.
  • This includes the ability to recognize anomalies and inconsistencies within financial documents, ensuring data integrity and facilitating informed decision-making
  • Candidate must possess comprehensive financial skills including knowledge of agency and non-agency securities, secondary market expertise, and understanding of residential/commercial real estate origination, underwriting, servicing, and mortgage-backed securities pricing. 
  • Experience with banking institutions such as CDFIs, Housing Authorities, Regulatory Agencies (Federal Reserve, FHFA, FHLMC,FNMA, OCC, FDIC), Commercial Banks, GSIBs, Banks or Credit Unions is highly valued. 
  • The position requires familiarity with eVault systems and electronic note management for handling Pledged eNotes and MERS eRegistry transactions.  
  • Strong knowledge of mortgage collateral validation processes, document authentication, and SMART Doc implementation standards is essential.
  • Technical proficiency should include Salesforce, SharePoint, Oracle, Power BI, Tableau, SQL, SAS, advanced Microsoft applications, Excel functions (VLOOKUP, Pivot Tables, IF Functions), Crystal Reports, PowerPoint, and Word.

 Qualifications: 

  • 2 to 3 years minimum experience with a financial institution
  • Intermediate to advance Microsoft Excel skills