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Collateral Protection Insurance Jobs in Texas (NOW HIRING)

MEI Group Inc

Insurance Clerk

Arlington, TX · On-site

$16/hr

Place and remove Collateral Protection Insurance (CPI) in accordance with company policies and procedures. * Maintain accurate account documentation and insurance records. * Generate and maintain ...

MEI Group

Insurance Clerk

Arlington, TX · On-site

$16/hr

Place and remove Collateral Protection Insurance (CPI) in accordance with company policies and procedures. * Maintain accurate account documentation and insurance records. * Generate and maintain ...

MEI GROUP

Insurance Clerk

Arlington, TX · On-site

$16/hr

Place and remove Collateral Protection Insurance (CPI) in accordance with company policies and procedures. * Maintain accurate account documentation and insurance records. * Generate and maintain ...

Neighborhood Credit Union

Loan Specialist

Dallas, TX · On-site

$23 - $25/hr

The Loan Specialist will also be responsible for performing a variety of lending services such as product claims, product cancellations, insurance claims, total loss claims, collateral protection ...

HUB

Client Relationship Manager

Irving, TX · On-site +1

$31.25 - $40.86/hr

MINIMUM KNOWLEDGE, SKILLS, AND ABILITIES: * 1+ years of experience in lender-placed insurance, force-placed insurance, collateral protection insurance, or insurance tracking services * Direct ...

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All JobsCollateral Protection Insurance JobsCollateral Protection Insurance Jobs in Texas

Collateral Protection Insurance information

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 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 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 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 are popular job titles related to Collateral Protection Insurance jobs in Texas?

For Collateral Protection Insurance jobs in Texas, the most frequently searched job titles are:

What job categories do people searching Collateral Protection Insurance jobs in Texas look for?

The top searched job categories for Collateral Protection Insurance jobs in Texas are:

What cities in Texas are hiring for Collateral Protection Insurance jobs?

Cities in Texas with the most Collateral Protection Insurance job openings:

Collateral Protection Insurance jobs near you

Insurance Clerk

Arlington, TX • On-site

MEI Group Inc
See more jobs at MEI Group Incexternal

$16/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 28 days ago

Job description

Insurance Clerk

Hot Job

Arlington Truck Center - Arlington, TX 76011

Insurance Clerk

Location: Arlington, TX Schedule: Full-time, Monday through Friday, with occasional Saturdays as business needs require

Compensation
  1. $16.00 per hour
About MEI Group

MEI Group USA is a Dallas-Fort Worth-based organization with over 30 years of experience in automotive, finance, technology, insurance, and real estate. We operate eight Buy Here Pay Here dealerships and MEI Auto Finance, selling more than 6,500 vehicles annually while providing customers with an integrated vehicle purchasing and financing experience. With more than 300 employees, we are committed to delivering exceptional customer service while investing in the growth and success of our team members.

Position Overview

MEI Group is seeking a detail-oriented Insurance & CPI Compliance Clerk to help protect the company's vehicle portfolio by ensuring all financed vehicles maintain the required insurance coverage. This position is responsible for monitoring insurance policies, verifying documentation, communicating with customers and insurance providers, and administering Collateral Protection Insurance (CPI) in accordance with company policy. The ideal candidate is highly organized, customer-focused, and able to manage multiple priorities while maintaining accuracy and compliance.

What You'll Do
  • Monitor insurance coverage for all active customer accounts.
  • Track expiring, cancelled, or lapsed insurance policies.
  • Review insurance declaration pages for accuracy, including VIN, lienholder information, coverage limits, and policy effective dates.
  • Communicate with customers and insurance agents regarding insurance requirements and policy updates.
  • Place and remove Collateral Protection Insurance (CPI) in accordance with company policies and procedures.
  • Maintain accurate account documentation and insurance records.
  • Generate and maintain reports related to insurance compliance.
  • Respond professionally to customer inquiries while providing exceptional service.
  • Ensure compliance with company policies and applicable insurance requirements.
What We're Looking For
  • Exceptional attention to detail and organizational skills.
  • Ability to manage multiple accounts and deadlines in a fast-paced environment.
  • Strong verbal and written communication skills.
  • Excellent customer service skills with the ability to handle a high volume of inbound and outbound calls.
  • Ability to enforce company policies professionally and consistently.
  • Dependable, self-motivated, and able to work independently while contributing to a team environment.
Requirements
  • High school diploma or equivalent required.
  • 1 to 2 years of office or administrative experience required.
  • Previous experience in insurance, finance, automotive, collections, or loan servicing is preferred.
  • Proficiency with Microsoft Office and general computer applications.
  • Ability to learn internal software systems and maintain accurate records.
Benefits
  • Medical, Dental, Vision, and Life Insurance
  • Short-Term and Long-Term Disability
  • 401(k) with Company Match
  • Paid Time Off (PTO)
  • Paid Holidays
Perks
  • Access to our fully equipped on-site gym at the Arlington corporate office.
Build Your Career with MEI Group

At MEI Group, we believe in doing business with integrity, accountability, and respect. Every team member plays an important role in protecting our customers and supporting our continued success. If you're detail-oriented, enjoy solving problems, and take pride in maintaining compliance and accuracy, we'd love to have you join our team.

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