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Collateral Protection Insurance Jobs in Fort Lee, VA

Truist

Senior Appraisal Analyst

Richmond, VA

$58K - $90K/yr

... with real estate are protected with adequate collateral value. ESSENTIAL DUTIES AND ... Truist offers medical, dental, vision, life insurance, disability, accidental death and ...

Truist

Default Support Services

Richmond, VA

$45K - $54K/yr

... collateral to minimize loss to Bank. Adhere to Government regulations, state laws and Bank ... Truist offers medical, dental, vision, life insurance, disability, accidental death and ...

PeopleShare

Collections Specialist

Richmond, VA

$22 - $26/hr

... collateral recovery and minimize losses * Monitor loans to ensure adequate insurance coverage is ... protected category or class under federal, state, and/or local laws. This policy applies to all ...

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All JobsCollateral Protection Insurance JobsCollateral Protection Insurance Jobs in Fort Lee, VA

Collateral Protection Insurance information

See Fort Lee, VA salary details

$10.8K

$67.4K

$88.7K

How much do collateral protection insurance jobs pay per year?

As of Aug 7, 2026, the average yearly pay for collateral protection insurance in Fort Lee, VA is $67,367.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,900.00 and $76,400.00 per year, depending on experience, location, and employer.

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?

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 cities near Fort Lee, VA are hiring for Collateral Protection Insurance jobs? Cities near Fort Lee, VA with the most Collateral Protection Insurance job openings:
Collateral Protection Insurance jobs near you

Senior Appraisal Analyst

Truist

Richmond, VA

$58K - $90K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 8 days ago

Truist rating

7.9

Company rating: 7.9 out of 10

Based on 117 frontline employees who took The Breakroom Quiz

79th of 170 rated banks

Job description

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)Please review the following job description:Responsible for reviewing property valuations to ensure compliance Federal/State law and Truist risk policy to ensure that loans secured with real estate are protected with adequate collateral value.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Successfully use critical thinking and analytical skills to review collateral.
2. Develop and maintain a strong understanding of Mortgage Lending products, policies, processes, and their collateral requirements.
3. Obtain required collateral documentation per program requirements from internal clients, external clients, vendors, and third-party sources.
4. Perform detailed review of all collateral documentation to ensure that loans meet portfolio and investor guidelines.
5. Identify and determine next steps for collateral issues that have been escalated.
6. Consistently communicate with other departments and sales to ensure pipeline metrics and quality guidelines are met.
7. Adhere to all compliance regulations and controls.
8. Develop and maintain positive working relationship with co-workers, internal and external clients, business partners and vendors.
9. Cultivate relationships with peers as a peer mentor.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Four years or more of mortgage or consumer loan underwriting experience
2. Three years of continuous collateral review experience
3. Excellent Communication skills, both written and verbal, in relating to internal and external clients
4. Demonstrates proficiency in basic computer applications such as Microsoft Office software products
5. Ability to travel, occasionally overnight
Preferred Qualifications:
1. FHA DE (CHUMS) / VA SAR/LAPP
2. Understanding of appraisal compliance and generally accepted appraisal rules
3. Experience with using appraisal and market evaluation tools
4. Demonstrates proficiency in mortgage automated processing systems
5. Basic knowledge of bank services and products
6. Bachelor's degree, or equivalent education and related training
The annual base salary for this position is $58,000 - $90,000.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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About Truist

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Truist is combining distinctive personal service with investments in innovation to create transformational client experiences. We believe the unique blend of human touch and innovative technology will set us apart, instill confidence, and build deeper levels of trust with our clients

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

Year founded

2019

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