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Collateral Protection Insurance Jobs in Littlefield, TX

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Collateral Protection Insurance information

See Littlefield, TX salary details

$9.3K

$58.3K

$76.8K

How much do collateral protection insurance jobs pay per year?

As of Aug 7, 2026, the average yearly pay for collateral protection insurance in Littlefield, TX is $58,323.00, according to ZipRecruiter salary data. Most workers in this role earn between $46,700.00 and $66,200.00 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 Littlefield, TX are hiring for Collateral Protection Insurance jobs? Cities near Littlefield, TX with the most Collateral Protection Insurance job openings:
Collateral Protection Insurance jobs near you
Infographic showing various Collateral Protection Insurance job openings in Littlefield, TX as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 90% Physical, 1% Hybrid, and 9% Remote job distribution, with an average salary of $58,323 per year, or $28 per hour.

Loan Admin Support Specialist

Capital Farm Credit

Lubbock, TX

Full-time

Posted 29 days ago

Job description

LOCATION

This position will be located in Lubbock, Texas.

EDUCATION AND EXPERIENCE

High school diploma or equivalent and one (1) to three (3) years' experience in loan administration, or customer service in the financial services, mortgage, or title insurance industry; or experience deemed equivalent at the discretion of Capital Farm Credit.

JOB SUMMARY

  • Responsible for loan administration, content management, credit servicing action support.

  • Support loan servicing efforts by providing thorough and knowledgeable customer service via telephone conversations and/or electronic forms of communication.

  • Facilitates external parties and internal departments involved in the customer and loan relationship.

  • This position handles routine, repetitive transactions and customer requests that are simple to moderately complex.

  • The incumbent will demonstrate foundational knowledge of the core skills and functions in loan administration, loan accounting, and customer service; and will navigate supporting information systems with limited oversight.

  • Will be knowledgeable of CFC product lines and communicate servicing status updates with customers in detail.

ESSENTIAL FUNCTIONS

  • Provides excellent customer service on a consistent basis by answering customer inquiries by phone or email and facilitating communications between internal departments and external parties. Researches and resolves issues with limited assistance.
  • Conducts appropriate searches within various systems for loan termination data, initial lien filing data, subsequent lien filings and impact of such to initial lien, and collateral lien position.
  • Enters pertinent loan data into loan origination system for release of lien credit servicing actions for all terminated, real estate secured loans in the Association. Submits servicing action file to the Document Preparation Department. Reviews documents for accuracy and completeness. Communicates with internal or external parties on additional needs. Files documents in electronic repository in accordance with procedures.
  • Submits releases for recording in the county using electronic means where possible or mails releases to title company/county for recording based on customer needs. Requests checks for county filing fees from Accounts Payable as needed.
  • Ensures proper recording of release of lien in county records. Prepares communication to accompany documents returned to customer post-termination.
  • Assists with various projects associated with loan servicing, lien verification, and system conversion including collateral record cleanup, compliance monitoring records cleanup, property tax verification, and borrower contact information updates.
  • Maintains knowledge of, and assists with, ensuring compliance with required procedures, policies, processes, internal controls, and regulations with an ability to research and apply them with some oversight.
  • Maintains foundational knowledge of multiple systems and programs and demonstrates the ability to use CFC programs and systems used in lending.

REQUIRED SKILLS

  • Accounting/financial systems. 
  • Computer systems and equipment used for file management, file classification practices, and retrieval of business information 
  • Documentation requirements for deeds of trust, UCC financing statements, and other collateral documents 
  • Professional oral and written correspondence principles 
  • Intermediate skill level in Microsoft Office applications
  • Organization and time management practices
  • Attention to detail
  • Working in a collaborative environment
  • Critical thinking skills

DISCLAIMER

We are an Equal Employment/Affirmative Action employer. We do not discriminate in hiring on the basis of sex, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state, or local law. If you need a reasonable accommodation for any part of the employment process, please contact us by email at careers@capitalfarmcredit.com and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this e-mail address. For more information, view the EEO - Know Your Rights and Pay Transparency Statement.

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