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Collateral Protection Insurance Jobs (NOW HIRING)

CASE Credit Union

Consumer Loan Manager

Lansing, MI · On-site

... collateral protection insurance, loan corrections, escrow accounts, system upgrades and enhancements, and budgeting/accounting processes. Ensures that loan servicing operations and lending loan ...

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Collateral Protection Insurance information

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$11K

$68.7K

$90.5K

How much do collateral protection insurance jobs pay per year?

As of Jun 8, 2026, the average yearly pay for collateral protection insurance in the United States is $68,749.00, according to ZipRecruiter salary data. Most workers in this role earn between $55,000.00 and $78,000.00 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 (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.
More about Collateral Protection Insurance jobs
What cities are hiring for Collateral Protection Insurance jobs? Cities with the most Collateral Protection Insurance job openings:
What states have the most Collateral Protection Insurance jobs? States with the most job openings for Collateral Protection Insurance jobs include:
What job categories do people searching Collateral Protection Insurance jobs look for? The top searched job categories for Collateral Protection Insurance jobs are:
Collateral Protection Insurance jobs near you
Infographic showing various Collateral Protection Insurance job openings in the United States as of May 2026, with employment types broken down into 16% As Needed, 20% Full Time, 56% Part Time, 1% Contract, 6% Nights, and 1% Summer. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $68,749 per year, or $33.1 per hour.
Loan Servicing Representative

Loan Servicing Representative

Hughes Federal Credit Union

Tucson, AZ

$20 - $26/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago

Job description

Loan Servicing Representative Job Summary: In this role you will assist members, staff, and third parties with general aspects of loan servicing, collateral protection insurance, payment processing, and loan modifications for the credit union. Assist members with resolving vehicle insurance issues. Work with third-party insurance providers in obtaining current proof of vehicle insurance.

Processing loan payments. Assisting in the processing of loan modifications and due date change requests. Salary: $20.00-$26.00 Per Hour Depending on Experience About Us: Hughes Federal Credit Union is dedicated to providing a positive difference in our members’ financial lives.

Our commitment to the Tucson community extends beyond our members as we sponsor and support local charities and organizations that promote the financial literacy of future generations. Join our team and see why we have been named a “Best-In-State” credit union, four years in a row! Key Responsibilities: Collateral Protection Insurance (CPI) Assist members with resolving CPI issues with their vehicle loan.

Research account history to identify if any premium refunds are necessary. Contact primary insurance companies to verify coverage and lienholder information. Research coverage history to determine if any lapses in coverage exist and correct fees applied.

Process refund and add-on exceptions on a weekly basis. Research and resolve any CPI UDAAP notifications from insurance tracking company. Department Support Process incoming loan payments or other associated transactions.

Assist with loan modification and due date change requests. Handling and distribution of incoming faxes, mail/correspondence. Timely response to incoming faxes, phone calls, instant messages, or other electronic communications.

Respond to member requests to take vehicles out of the country. Qualifications: Required Skills: Minimum of two years of similar or related experience High school diploma or equivalent Excellent Customer service and interpersonal communication skills Strong organizational skills and attention to detail Preferred Skills: Knowledge of insurance tracking, and lender compliance requirements What We Offer: Generous Paid Time Off Policy Up to 15 days in 1st year of service Paid Time Off increases with tenure VTO (Volunteer Time Off) Up to 16 hours yearly 401(k) plan 7% company match Health, Dental, and Vision Insurance Health Savings Account with Employer Contribution Available Free Vision Insurance Life and Disability Insurance Provided by the Credit Union with Optional Supplemental Coverage Available Competitive Wage and Professional Development Educational Assistance Hughes Federal Credit Union is a background screening, credit check and E-Verify workplace.

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