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Collateral Protection Insurance Jobs (NOW HIRING)

Vibrant Credit Union

Collections Officer

Moline, IL · On-site

$21.28 - $29.80/hr

Working knowledge of collateral protection insurance (CPI) Reports to * Collections Manager Environmental and Physical Activity Requirements: This job operates in a professional office environment.

Vibrant Credit Union

Collections Officer

Moline, IL · On-site

$21.28 - $29.80/hr

Working knowledge of collateral protection insurance (CPI) Reports to * Collections Manager Environmental and Physical Activity Requirements: This job operates in a professional office environment.

Vibrant Credit Union

Collections Officer

Moline, IL

$21.28 - $29.80/hr

Working knowledge of collateral protection insurance (CPI) Reports to * Collections Manager Environmental and Physical Activity Requirements: This job operates in a professional office environment.

Red Rocks Credit Union

Collections Representative

Littleton, CO · On-site

$17 - $22/hr

Review and take action on Collateral Protection Insurance reports, e-Oscar credit dispute claims, and GAP claims. * Utilize credit counseling, loan extensions, and payment plans to help minimize loan ...

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Jefferies

Collateral Management Associate

Jersey City, NJ · On-site

$90K - $100K/yr

... any other factor protected by applicable law. We are committed to hiring the most qualified ... disability insurance; and wellness programs. Jefferies also offers paid time off packages that ...

SWBC

Commercial Client Service Representative

San Antonio, TX · On-site

$14.50 - $18/hr

Resolves inbound and makes outbound service calls regarding routine collateral protection insurance coverage questions, inquiries and/or problems on the status of insurance on loans made by financial ...

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All JobsCollateral Protection Insurance Jobs

Collateral Protection Insurance information

See salary details

$11K

$68.7K

$90.5K

How much do collateral protection insurance jobs pay per year?

As of Jul 15, 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.

How does collateral protection insurance work?

Collateral Protection Insurance (CPI) is used by insurance professionals to protect lenders' interests when borrowers default on auto or property loans. It provides coverage for the vehicle or asset in case of damage or theft, ensuring the lender's financial interest is maintained until the loan is paid off. Insurance agents often verify coverage and process claims to mitigate risk for lenders and borrowers alike.

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 jobs pay 4000 a week without a degree?

Jobs related to collateral protection insurance, such as insurance claims adjusters or specialized underwriters, can sometimes pay around $4,000 weekly, especially with experience or in high-demand markets. These roles often require industry-specific knowledge, strong analytical skills, and sometimes licensing or certifications but do not always require a college degree.

What is the highest paying insurance agent job?

The highest paying insurance agent roles are typically in specialized areas such as high-net-worth individual insurance, commercial insurance, or executive-level positions, often earning six-figure incomes. Top agents with extensive experience, strong client networks, and advanced certifications can also earn significant commissions and bonuses, increasing their overall compensation.

What is the best paying job in insurance?

In insurance, executive roles such as Chief Underwriting Officer or Chief Risk Officer tend to be the highest paying positions, often earning six-figure salaries plus bonuses. Senior underwriters and actuarial directors also earn high salaries, especially with advanced certifications and extensive experience.
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 July 2026, with employment types broken down into 96% Full Time, 3% Part Time, and 1% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $68,749 per year, or $33.1 per hour.
Loan Services Processor I

Loan Services Processor I

Eglin Federal Credit Union

Fort Walton Beach, FL • On-site

$20/hr

Full-time

Posted 19 days ago

Job description

Starting Pay: $20.00

Position Closing Date: 07/09/2026


Role:


Assists members in a contact center environment with all consumer loan related products and services.


Essential Functions & Responsibilities:



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Processes and disburses consumer loan requests and modification agreements within lending guidelines. Ascertains loan application and supporting documents are complete. Conducts closings on completed loans assuring the member is thoroughly familiar with all terms and conditions including any collateral held, payment amounts, dates, and method of repayment.


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Promotes, explains and cross-sells Credit Union products and services in order to assist members in meeting their financial goals. Encourages and assists members with enrollment in electronic services and refers members to Eglin Financial Services. Meets established credit union goals.


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Assists members with loan transactions, including, but not limited to loan and MasterCard payments, transfers, payoffs, advances/add-ons, requests for adding/terminating joint borrowers, adding/removing joint and authorized MasterCard cardholders, and closing LOC and MasterCard accounts. Assists with share and account related transactions upon request.


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Answers inbound calls in an efficient and professional manner, primarily assisting members with loan related products/services including, but not limited to: membership eligibility and benefits, share types and rates, loan types, rates and terms, collateral values and requirements, debt protection, guaranteed asset protection (GAP), vehicle service agreements, and collateral protection insurance (CPI).


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Performs other job-related duties as assigned.


Performance Measurements:


1.

Job functions are efficiently and accurately performed, and in compliance with established policies and procedures.

2.

All communications with members and employees are professional, courteous, clear and concise. Written correspondence is free from spelling and grammatical errors. Application of computer technology exists.

3.

Consistently reliable in attendance, punctuality and dependability.

4.

Is trustworthy and performs in a positive, constructive and supportive manner.


Knowledge and Skills:


Experience

One year to three years of similar or related experience. Must have thorough understanding of the Credit Union's membership, share, and loan policies and procedures.


Education

A high school education or GED.


Interpersonal Skills

Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.


Other Skills

Must be proficient with general office equipment, PC and ancillary software.
Must fully comprehend and have the ability to explain share and loan related products and services, account transactions, fees, dividends and loan interest, and debt protection products.


Physical Requirements



Work Environment

Contact center work environment.







This Job Description is not a complete statement of all duties and responsibilities comprising the position.

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