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Collateral Protection Insurance Jobs in Memphis, TN

Independent Bank

Collateral Clerk II

Memphis, TN · On-site

$14.50 - $18.50/hr

This role ensures compliance with state regulations and protects the bank's lien position. Key ... Communicate with dealerships, customers, insurance companies, and DMV offices * Monitor aging ...

Independent Bank

Collateral Clerk II

Memphis, TN · On-site

$14.50 - $18.50/hr

This role ensures compliance with state regulations and protects the bank's lien position. Key ... Communicate with dealerships, customers, insurance companies, and DMV offices * Monitor aging ...

Independent Bank

Collateral Clerk II

Memphis, TN · On-site

$14.50 - $18.50/hr

This role ensures compliance with state regulations and protects the bank's lien position. Key ... Communicate with dealerships, customers, insurance companies, and DMV offices * Monitor aging ...

INDEPENDENT BANK

Collateral Clerk II

Memphis, TN

$14.50 - $18.50/hr

This role ensures compliance with state regulations and protects the bank's lien position. Key ... Communicate with dealerships, customers, insurance companies, and DMV offices * Monitor aging ...

First Horizon

Loan Closing Officer

Memphis, TN · On-site

... or insurance is received to ensure the loan is closed in accordance with the approval and the Bank is adequately protected and the collateral is perfected. ESSENTIAL DUTIES AND RESPONSIBILITIES

First Horizon Bank

Loan Closing Officer

Memphis, TN

... or insurance is received to ensure the loan is closed in accordance with the approval and the Bank is adequately protected and the collateral is perfected. ESSENTIAL DUTIES AND RESPONSIBILITIES

New

First Horizon Bank

Loan Closing Officer

Memphis, TN

... or insurance is received to ensure the loan is closed in accordance with the approval and the Bank is adequately protected and the collateral is perfected. ESSENTIAL DUTIES AND RESPONSIBILITIES

New

All JobsCollateral Protection Insurance JobsCollateral Protection Insurance Jobs in Memphis, TN

Collateral Protection Insurance information

See Memphis, TN salary details

$10.7K

$66.8K

$87.9K

How much do collateral protection insurance jobs pay per year?

As of Aug 7, 2026, the average yearly pay for collateral protection insurance in Memphis, TN is $66,788.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,400.00 and $75,800.00 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 are popular job titles related to Collateral Protection Insurance jobs in Memphis, TN? For Collateral Protection Insurance jobs in Memphis, TN, the most frequently searched job titles are:
What job categories do people searching Collateral Protection Insurance jobs in Memphis, TN look for? The top searched job categories for Collateral Protection Insurance jobs in Memphis, TN are:
Collateral Protection Insurance jobs near you
Infographic showing various Collateral Protection Insurance job openings in Memphis, TN as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 92% Physical, 1% Hybrid, and 7% Remote job distribution, with an average salary of $66,788 per year, or $32.1 per hour.

Collateral Clerk II

Independent Bank

Memphis, TN • On-site

$14.50 - $18.50/hr

Other

Re-posted 2 days ago

Job description

Position Summary
The Bank Collateral Clerk is responsible for processing, tracking, and maintaining vehicle title documents related to indirect auto loans and auto secured direct loans. They will also file Deeds of Trust for property secured loans, as well as UCC's for business assets or other collateral documented within the loan approval. This role ensures compliance with state regulations and protects the bank's lien position.
Key Responsibilities
  • Process incoming vehicle titles for loans financed with the bank.
  • Submit filings of Deeds of Trust to the appropriate county offices.
  • Submit filings of UCC's
  • Verify accuracy of titles, lien recordings, and supporting documentation
  • Submit and track title paperwork with state DMV agencies
  • Ensure liens are properly perfected
  • Maintain accurate electronic and physical title records
  • Resolve title discrepancies, missing documents, and registration issues
  • Communicate with dealerships, customers, insurance companies, and DMV offices
  • Monitor aging reports and follow up on outstanding titles
  • Ensure compliance with bank policies, state laws, and federal regulations
  • Assist with audits and reporting requirements
Qualifications
  • High school diploma or GED required
  • Knowledge of vehicle titling procedures and lien perfection processes
  • Strong attention to detail and organizational skills
  • Proficiency with Microsoft Office and loan processing systems
  • Ability to manage multiple tasks and deadlines
  • Strong written and verbal communication skills
Preferred Skills
  • Experience with automotive lending or indirect lending
  • Previous title clerk, DMV, banking, or automotive finance experience preferred
  • Familiarity with state DMV systems and electronic title processing
  • Data entry accuracy and record-keeping skills
  • Problem-solving and customer service abilities

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

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