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Collateral Protection Insurance Jobs in Texas (NOW HIRING)

Novacore

Insurance Data Entry Clerk

Huntsville, TX · On-site

$14.50 - $19.50/hr

... collateral protection, compliance services and technology-enabled insurance administration. CPIA will become part of Novacore's growing portfolio of specialty solutions, supporting continued ...

Novacore

Insurance Data Entry Clerk

Huntsville, TX

$14.50 - $19.50/hr

... collateral protection, compliance services and technology-enabled insurance administration. CPIA will become part of Novacore's growing portfolio of specialty solutions, supporting continued ...

Novacore

Escrow Data Entry Clerk

Huntsville, TX · On-site

$14.50 - $19.50/hr

... collateral protection, compliance services and technology-enabled insurance administration. CPIA will become part of Novacore's growing portfolio of specialty solutions, supporting continued ...

Novacore

Escrow Data Entry Clerk

Huntsville, TX

$14.50 - $19.50/hr

... collateral protection, compliance services and technology-enabled insurance administration. CPIA will become part of Novacore's growing portfolio of specialty solutions, supporting continued ...

Stbancorp

Loan Records Specialist I

Stafford, TX · On-site

Review of collateral insurance policies for required information, * Format Excel spreadsheets for ... Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not ...

ORIX USA

Associate, Asset Management

Dallas, TX · On-site

$16.25 - $21.75/hr

Monitor physical condition of property collateral by reviewing or conducting property inspections ... insurance, tax and other information from closing. Set up appropriate follow up systems to manage ...

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All JobsCollateral Protection Insurance JobsCollateral Protection Insurance Jobs in Texas

Collateral Protection Insurance information

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 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

Collections Rep II - Late Stage, Fort Worth, TX

EECU

Fort Worth, TX • On-site

$16.25 - $21/hr

Full-time

Posted 26 days ago

Job description

Now Hiring: Join EECU as a Collections Representative!

Are you energized by challenges and love helping people find solutions? In this dynamic role, you’ll play a key part in supporting our members while helping them stay on track financially. If you're driven, resourceful, and ready to make a real impact, this is your opportunity to shine!

Be the voice of support and solutions—apply now to become part of our amazing team!

EECU is looking for a Collections Representative (Account Resolutions Representative II) that will negotiate payment arrangements, workouts, and credit counseling as appropriate to assist members with their financial obligations. Have experience in automobile, mortgage, unsecured debt, and credit card portfolio accounts.

Key responsibilities for this position will be to collect late stage (90+ days past due) delinquent accounts on all delinquency accounts including charge off accounts. Conduct skip tracing and submit accounts for repossession as required. Establish payment arrangements, provide credit counselling, set and enforce deadlines. Recommend and process loan extensions or workouts. Properly apply laws relating to debt collection, privacy and bankruptcy. Recognize internal process failures that may cause erroneous reporting of delinquency. Must be able to audit loans and explain calculations to co-workers and members. Able to support and have a high understanding of Deceased, Bankruptcy accounts along with Repossession submissions.

Responsible for compliance of all Federal and State rules and regulations pertaining but not limited to Bank Secrecy Act, Anti-Money Laundering, Bank Bribery Act, NCUA Privacy Regulations, FCRA/FACTA and Fair Debt Collections Act. Required to attend initial and ongoing annual Bank Secrecy Act training.

Candidates for EECU should possess the following knowledge and experience:

  • 3 plus years collection experience in automobile, mortgage, or credit card portfolio; late-stage preferred.
  • Two years customer service experience
  • High level of understanding with deceased, bankruptcy accounts and repossessions.
  • In-depth knowledge of collection laws and general familiarity with bankruptcy laws.
  • Must understand Collateral Protection Insurance
  • Requires ability to effectively communicate, diffuse tension and calm members.
  • Requires the ability to effectively negotiate acceptable repayment arrangements.
  • Ability to work a flexible schedule Monday through Saturday (couple days a week Mon-Fri- the shift will be until 7pm, Saturdays are 9am-1pm)
  • Bilingual (Spanish) speaking preferred
  • High School diploma or equivalent
  • EECU will, in compliance with applicable laws, evaluate an applicant's credit history. Only applicants with good credit history will be considered for open positions. If offered a position with EECU, will have to clear background check including employment, criminal, and drug screen.

For more than 90 years, Fort Worth-based EECU community credit union has been committed to providing members A Better Way of Banking®. Today, EECU is one of the largest credit unions in Texas with $4.4 billion in USD assets and serves over 300,000 members through 21 financial centers across North Texas. In the true spirit of the credit union philosophy “people helping people” EECU was recently honored with the Fort Worth Business Press Corporate Philanthropy Award for employee volunteerism, named Best Bank/Credit Union by the Fort Worth Star Telegram’s readers, and became the 1st credit union in Fort Worth to become Blue Zones certified for promoting employee well-being.

EECU is an EOE/Vets/Disabled Employer.

We are an Equal Opportunity Employer and do not discriminate against applicants due to veterans' status or on the basis of disability.

For more information on our organization and benefits please visit EECU Careers at www.eecu.org/careers.