Verifies all other types of applicable insurance (i.e., hazard, automobile, boat, motor, & trailer), to ensure bank's collateral is protected. * Assists with obtaining, reviewing and producing ...
Verifies all other types of applicable insurance (i.e., hazard, automobile, boat, motor, & trailer), to ensure bank's collateral is protected. * Assists with obtaining, reviewing and producing ...
Verifies all other types of applicable insurance (i.e., hazard, automobile, boat, motor, & trailer), to ensure bank's collateral is protected. * Assists with obtaining, reviewing and producing ...
Quick apply
Verifies all other types of applicable insurance (i.e., hazard, automobile, boat, motor, & trailer), to ensure bank's collateral is protected. * Assists with obtaining, reviewing and producing ...
Commercia Loan Processor
Plaquemine, LA · On-site
$18.50 - $24.50/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Commercia Loan Processor
Plaquemine, LA · On-site
$18.50 - $24.50/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Alexandria, LA · On-site
$17.25 - $23/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Alexandria, LA · On-site
$17.25 - $23/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Prairieville, LA · On-site
$17 - $22.75/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Prairieville, LA · On-site
$17 - $22.75/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Metairie, LA · On-site
$17.25 - $23/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Metairie, LA · On-site
$17.25 - $23/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Bossier City, LA · On-site
$14.25 - $18.75/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Bossier City, LA · On-site
$14.25 - $18.75/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Shreveport, LA · On-site
$15.50 - $20.50/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Shreveport, LA · On-site
$15.50 - $20.50/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
New Orleans, LA · On-site
$17.25 - $23/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
New Orleans, LA · On-site
$17.25 - $23/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Lake Charles, LA · On-site
$17.25 - $23/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Processor
Lake Charles, LA · On-site
$17.25 - $23/hr
Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Commercial Loan Officer
Kenner, LA · On-site
$100K/yr
... collateral • Daily review, approval, and disposition of commercial overdrafts • Attend loan ... protected category under applicable law. Benefits: • Medical, Dental, and Vision Insurance • ...
Commercial Loan Officer
Kenner, LA · On-site
$100K/yr
... collateral • Daily review, approval, and disposition of commercial overdrafts • Attend loan ... protected category under applicable law. Benefits: • Medical, Dental, and Vision Insurance • ...
Commercial Loan Officer
Kenner, LA · On-site
$100K/yr
... collateral · Daily review, approval, and disposition of commercial overdrafts · Attend loan ... protected category under applicable law. Benefits: · Medical, Dental, and Vision Insurance · ...
Quick apply
Commercial Loan Officer
Kenner, LA · On-site
$100K/yr
... collateral · Daily review, approval, and disposition of commercial overdrafts · Attend loan ... protected category under applicable law. Benefits: · Medical, Dental, and Vision Insurance · ...
Senior Loan Assistant/Specialist
New Orleans, LA · On-site
$35K - $44K/yr
... insurance, UCCs, flood determinations, etc.) * Assist with loan boarding, funding, collateral ... other protected characteristic under applicable law. REQUIREMENTS About Nola Bank Nola Bank is a ...
Senior Loan Assistant/Specialist
New Orleans, LA · On-site
$35K - $44K/yr
... insurance, UCCs, flood determinations, etc.) * Assist with loan boarding, funding, collateral ... other protected characteristic under applicable law. REQUIREMENTS About Nola Bank Nola Bank is a ...
Senior Loan Assistant/Specialist
New Orleans, LA · On-site
$35K - $44K/yr
... insurance, UCCs, flood determinations, etc.) * Assist with loan boarding, funding, collateral ... protected characteristic under applicable law. REQUIREMENTS ABOUT THE COMPANY About Nola Bank Nola ...
Quick apply
Senior Loan Assistant/Specialist
New Orleans, LA · On-site
$35K - $44K/yr
... insurance, UCCs, flood determinations, etc.) * Assist with loan boarding, funding, collateral ... protected characteristic under applicable law. REQUIREMENTS ABOUT THE COMPANY About Nola Bank Nola ...
Senior Loan Assistant/Specialist
New Orleans, LA · On-site
$34K - $42K/yr
... insurance, UCCs, flood determinations, etc.) * Assist with loan boarding, funding, collateral ... other protected characteristic under applicable law. REQUIREMENTS About Nola Bank Nola Bank is a ...
Senior Loan Assistant/Specialist
New Orleans, LA · On-site
$34K - $42K/yr
... insurance, UCCs, flood determinations, etc.) * Assist with loan boarding, funding, collateral ... other protected characteristic under applicable law. REQUIREMENTS About Nola Bank Nola Bank is a ...
Evaluate collateral evaluations and appraisals within Policy and Guidelines. * Build and maintain ... Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is ...
Evaluate collateral evaluations and appraisals within Policy and Guidelines. * Build and maintain ... Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is ...
Senior Client Specialist
Lafayette, LA · On-site
Communicate with clients, attorney's, insurance companies, title companies, and various other ... Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants ...
Senior Client Specialist
Lafayette, LA · On-site
Communicate with clients, attorney's, insurance companies, title companies, and various other ... Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants ...
Loan Assistant
Houma, LA · On-site
$36K - $45K/yr
Monitor loan exceptions, collateral documentation, insurance renewals, and financial statement ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Assistant
Houma, LA · On-site
$36K - $45K/yr
Monitor loan exceptions, collateral documentation, insurance renewals, and financial statement ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Assistant
Baton Rouge, LA · On-site
$29K - $36K/yr
Monitor loan exceptions, collateral documentation, insurance renewals, and financial statement ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Assistant
Baton Rouge, LA · On-site
$29K - $36K/yr
Monitor loan exceptions, collateral documentation, insurance renewals, and financial statement ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Assistant
Shreveport, LA · On-site
$30K - $38K/yr
Monitor loan exceptions, collateral documentation, insurance renewals, and financial statement ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Loan Assistant
Shreveport, LA · On-site
$30K - $38K/yr
Monitor loan exceptions, collateral documentation, insurance renewals, and financial statement ... protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award ...
Collateral Protection Insurance information
What is the difference between Collateral Protection Insurance vs Insurance Adjuster?
| Aspect | Collateral Protection Insurance | Insurance Adjuster |
|---|---|---|
| Credentials | Typically requires licensing or certification in insurance | Requires state licensing and adjuster certification |
| Work Environment | Office, field inspections, claims processing | Field inspections, claims assessment, office work |
| Employer & Industry | Insurance companies, lenders, auto dealerships | Insurance companies, independent agencies |
| Search & Comparison Intent | Understanding coverage for financed assets | Evaluating 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?
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 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?
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 are popular job titles related to Collateral Protection Insurance jobs in Louisiana? For Collateral Protection Insurance jobs in Louisiana, the most frequently searched job titles are:
What job categories do people searching Collateral Protection Insurance jobs in Louisiana look for? The top searched job categories for Collateral Protection Insurance jobs in Louisiana are:
What cities in Louisiana are hiring for Collateral Protection Insurance jobs? Cities in Louisiana with the most Collateral Protection Insurance job openings:
b1BANK rating
5.6
Based on 5 frontline employees who took The Breakroom Quiz
161st of 170 rated banks
Job description
Consumer Documentation Specialist I
The Consumer Documentation Specialist I is responsible for obtaining, reviewing, and producing required loan documents on all consumer non-real estate loan transactions. This position assures all documentation is in accordance with loan approvals, loan policies and applicable laws and regulations.
Specific Job Functions
- Produces standard loan and collateral documents for all types of consumer loans which comply with bank policies and all federal and state laws.
- Reviews application documents for accuracy and completeness. This includes, but is not limited to loan applications, credit reports and verification of income.
- Reviews existing loan and collateral documentation to ensure existing errors or deficiencies are resolved.
- Obtains and reviews all supporting documentation for loans prior to closing, including but not limited to:
- Credit approval and adherence to loan policies;
- Financial reporting requirements and adherence to loan policies;
- Searches to ensure the bank is in a valid lien position;
- Validates applicable flood determination and insurance to ensure compliance with federal regulations;
- Verifies all other types of applicable insurance (i.e., hazard, automobile, boat, motor, & trailer), to ensure bank's collateral is protected.
- Assists with obtaining, reviewing and producing supporting documents that are required for subdivision development and contractor speculative construction line of credit advances. This will include, but not limited to the following:
- Flood determination;
- Reviews of the completed appraisal to verify the loan value requirements;
- Reviews the HUD/Settlement Statement provided by the closing agent for accuracy;
- Prepares and produces required loan and security documents.
Minimum Job Requirements
- High School diploma or equivalent is required.
- Associate degree is preferred.
- 0 - 2 years of consumer loan documentation experience.
- Demonstrates good understanding of loan documentation processes.
- Must demonstrate strong oral and written communication skills to effectively communicate with co-workers and clients.
- Must be organized, attentive to detail, and self-disciplined to work independently.
- Proficient in computer skills and Microsoft Suite.
- Maintain a professional demeanor and dependable work ethic.
- Knowledge of Laser Pro or similar loan origination system experience is preferred.
Equal Opportunity Employer/Veterans/Disabled
About b1BANK
Sourced by ZipRecruiter
Industry
Commercial banking
Company size
51 - 200 Employees
Headquarters location
Baton Rouge, LA, US
Year founded
2006