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Collateral Protection Insurance Jobs in Kentucky

Abound Credit Union

Loan Servicing Specialist

Radcliff, KY · On-site

$17.60 - $22/hr

... collateral protection insurance (CPI), GAP and titles. What Youll Do: * Efficiently manage daily, monthly and quarterly reports for the Loan Servicing Team. * Receives and distributes mail ...

New

Qualus

Senior Estimator

Louisville, KY · On-site +1

$85K - $105K/yr

Assists in the development of technical collateral, quotes, schedules, and other submittals as ... Life Insurance, Short and Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP ...

Qualus

Estimator

Louisville, KY · On-site

$70K - $80K/yr

Assists in the development of technical collateral, quotes, schedules, and other submittals as ... Life Insurance, Short and Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP ...

Qualus

Estimator

Louisville, KY

Assists in the development of technical collateral, quotes, schedules, and other submittals as ... Life Insurance, Short and Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP ...

Qualus

Senior Estimator

Louisville, KY

Assists in the development of technical collateral, quotes, schedules, and other submittals as ... Life Insurance, Short and Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP ...

U.S. Bank

Repossession Processor

Owensboro, KY · On-site

$20 - $26.39/hr

Performs a variety of support and oversight to the physical repossession and collateral liquidation ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

US Bank

Repossession Processor

Owensboro, KY · On-site

$20 - $26.39/hr

Performs a variety of support and oversight to the physical repossession and collateral liquidation ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

PNC Bank

Underwriter IV- Sr. Housing

Louisville, KY · On-site

$86K - $172K/yr

... collateral strength and financial worthiness of loan/transaction parties. If relevant, performs ... insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock ...

All JobsCollateral Protection Insurance JobsCollateral Protection Insurance Jobs in Kentucky

Collateral Protection Insurance information

How does collateral protection insurance work?

Collateral Protection Insurance (CPI) is used by insurance professionals to protect lenders' interests when borrowers default on auto or property loans. It provides coverage for the vehicle or asset in case of damage or theft, ensuring the lender's financial interest is maintained until the loan is paid off. Insurance agents often verify coverage and process claims to mitigate risk for lenders and borrowers alike.

What is the difference between Collateral Protection Insurance vs Insurance Adjuster?

AspectCollateral Protection InsuranceInsurance Adjuster
CredentialsTypically requires licensing or certification in insuranceRequires state licensing and adjuster certification
Work EnvironmentOffice, field inspections, claims processingField inspections, claims assessment, office work
Employer & IndustryInsurance companies, lenders, auto dealershipsInsurance companies, independent agencies
Search & Comparison IntentUnderstanding coverage for financed assetsEvaluating claim adjustments and settlement processes

Collateral Protection Insurance focuses on insuring financed assets like vehicles, often used by lenders. Insurance Adjusters assess claims and determine payouts. While both roles involve insurance, they serve different functions within the industry.

What is Collateral Protection Insurance (CPI)?

Collateral Protection Insurance (CPI) is a type of insurance policy that lenders purchase to protect themselves against loss or damage to property used as collateral for a loan, such as vehicles or real estate, when the borrower fails to maintain adequate insurance. If a borrower’s insurance lapses or is insufficient, the lender may buy CPI and charge the premium to the borrower. This coverage ensures the lender’s financial interest is safeguarded, but it may not provide the same coverage or benefits as standard borrower-acquired insurance.

What are some common challenges faced by professionals working in Collateral Protection Insurance (CPI) and how can they be addressed?

Professionals in Collateral Protection Insurance often encounter challenges such as managing high volumes of policy tracking, dealing with incomplete borrower information, and ensuring regulatory compliance. Overcoming these obstacles requires strong organizational skills, proficiency with specialized CPI software, and effective communication with lenders and borrowers. Staying updated on industry regulations and participating in ongoing training can also help professionals navigate these complexities and deliver excellent service.

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

To thrive as a Collateral Protection Insurance Specialist, you need a solid understanding of insurance principles, financial regulations, and risk assessment, often supported by a degree in finance, business, or a related field. Familiarity with insurance management software, loan servicing platforms, and relevant certifications such as an insurance license are typically required. Outstanding attention to detail, analytical thinking, and strong communication skills help professionals excel when analyzing policies and interacting with clients or stakeholders. These skills ensure accurate policy administration, regulatory compliance, and effective risk mitigation for lenders and their clients.

What jobs pay 4000 a week without a degree?

Jobs related to collateral protection insurance, such as insurance claims adjusters or specialized underwriters, can sometimes pay around $4,000 weekly, especially with experience or in high-demand markets. These roles often require industry-specific knowledge, strong analytical skills, and sometimes licensing or certifications but do not always require a college degree.

What is the highest paying insurance agent job?

The highest paying insurance agent roles are typically in specialized areas such as high-net-worth individual insurance, commercial insurance, or executive-level positions, often earning six-figure incomes. Top agents with extensive experience, strong client networks, and advanced certifications can also earn significant commissions and bonuses, increasing their overall compensation.

What is the best paying job in insurance?

In insurance, executive roles such as Chief Underwriting Officer or Chief Risk Officer tend to be the highest paying positions, often earning six-figure salaries plus bonuses. Senior underwriters and actuarial directors also earn high salaries, especially with advanced certifications and extensive experience.
What are popular job titles related to Collateral Protection Insurance jobs in Kentucky? For Collateral Protection Insurance jobs in Kentucky, the most frequently searched job titles are:
What job categories do people searching Collateral Protection Insurance jobs in Kentucky look for? The top searched job categories for Collateral Protection Insurance jobs in Kentucky are:
What cities in Kentucky are hiring for Collateral Protection Insurance jobs? Cities in Kentucky with the most Collateral Protection Insurance job openings:
Collateral Protection Insurance jobs near you
Loan Servicing Specialist

Loan Servicing Specialist

Abound Credit Union

Radcliff, KY • On-site

$17.60 - $22/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 hours ago

Abound Credit Union rating

6.9

Company rating: 6.9 out of 10

Based on 9 frontline employees who took The Breakroom Quiz

Job description

Loan Servicing Specialist

Are you ready to join a team that is committed to hardworking Kentuckians? 

If so, Abound Credit Union might be the place for you!  

We are driven by our selfless dedication to members and community. We create a connected, learning-driven, and fun environment that fuels our passion to inspire financial wellness. We do that by sharing our knowledge, strength, and accessibility to provide market-leading value that makes more possible for our members.

Here at Abound Credit Union, culture is a big deal. We roll up our sleeves each day to make this an awesome place to work. We want to bring great things to our communities, be awesome to each other, ready for whatever comes our way, and are hungry to learn and grow as people and professionals. Our best is built from the inside out.

Abound Credit Union is now hiring friendly, enthusiastic, and just overall awesome personalities who will  serves as the primary point of contact for branch staff, members, insurance companies and carriers regarding proof of insurance, collateral protection insurance (CPI), GAP and titles.

What Youll Do:

  • Efficiently manage daily, monthly and quarterly reports for the Loan Servicing Team.  
  • Receives and distributes mail accordingly to Loan Servicing Team. Ensures all checks are provided to branch staff for timely processing. Proper account maintenance for proof of filing and releases.  
  • Maintain thorough knowledge of essential duties and functions of the Collateral Protection Specialist and Title Clerk, to act as back up or support role for these positions as needed.
  • Committed to provide superior member service internally and externally via phone and e-mail support for insurance, CPI, GAP and title related problem resolution and questions.
  • Assists in working with insurance carrier to identify uninsured collateral requirements are met.  Add CPI premium to applicable loan and adjusts loan payment via individual DataSafe transactions.  Identifies collateral to which insurance coverage has been added and makes refunds and loan payment adjustments as required.
  • Initiates required follow-up action on insurance deficiencies reported by CPI carrier. Gathers and forwards proof of insurance and claim information required by carrier.
  • Properly and efficiently notate accounts when lien has been perfected or released for all consumer secured loans includes scanning proof of filing for proper retention or release of lien recording.   

**Full job description will be provided if you are selected for an interview.

What We Need:

  • REQUIRED
  • High School diploma or GED.
  • Familiarity with lending systems, core processing systems and personal computers.
  • Ability to interact effectively with support agencies outside the Credit Union.
  • Ability to work independently, perform successfully under consistent pressure of heavy workload and strict time requirements and without close supervision. Possess a sense of urgency to complete tasks.  
  • Attention to detail, self-motivated, enthusiastic, and aggressive with a willingness to support others within the Credit Union.
  • Ability to communicate effectively orally and in writing. Must maintain a professional demeanor and appearance in all situations.  Ability to deal effectively with senior branch staff to ensure prompt correction of deficiencies.
  • Ability to operate a personal computer with a high level of proficiency in such software applications as word processing, spreadsheets, internet and email. Ability to operate a fax, calculator and copier
  • Ability to effectively communicate Credit Union products and services in order to cross-sell.

Our Benefits:

  • Great Salary
  • Pension
  • Health, Dental, Vision and Other Insurance Coverage
  • Paid Personal Time Off
  • Paid Holidays
  • Life Insurance
  • Short and Long-Term Disability
  • 401(k) with matching funds
  • Tuition Reimbursement
  • HSA, FSA, and Dependent Care Spending Accounts

Salary Info:

$17.60 - $22.00 / hour

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