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Bank Repossession Jobs in Virginia (NOW HIRING)

Adhere to Government regulations, state laws and Bank requirements as it relates to real-estate ... Preferred Qualifications: 1. 4+ years of Repossession, Foreclosure, and other job specific ...

Adhere to Government regulations, state laws and Bank requirements as it relates to real-estate ... Preferred Qualifications: 1. 4+ years of Repossession, Foreclosure, and other job specific ...

Collections Agent

Lynchburg, VA · On-site

$19.10/hr

Recommend further action as deemed necessary (i.e. repossession, legal action, foreclosure ... Follows all applicable regulations, including Bank Secrecy Act, and Anti-money Laundering Deliver ...

Assists with or leads foreclosure, repossession, and recovery processes in accordance with Bank policy and regulatory requirements. * Supports or administers bankruptcy cases, including documentation ...

Recommend further action as deemed necessary (i.e. repossession, legal action, foreclosure ... Follows all applicable regulations, including Bank Secrecy Act, and Anti-money Laundering Deliver ...

Assists with or leads foreclosure, repossession, and recovery processes in accordance with Bank policy and regulatory requirements. * Supports or administers bankruptcy cases, including documentation ...

$16.50 - $22.50/hr

... Repossession, or Charge-Off recommendation, ensuring all necessary pre-cursors and documentation ... Banking/Credit Union or Collections related Industry certifications are a plus. * Experience ...

$15.75 - $21.50/hr

... Repossession, or Charge-Off recommendation, ensuring all necessary pre-cursors and documentation ... Banking/Credit Union or Collections related Industry certifications are a plus. * Bachelor's degree ...

Preferred Qualifications: 1. 1+ years Repossession, Foreclosure, or Default specific experience 2. 2+ years of banking, default, and/or client services experience 3. Higher level/secondary education ...

... the Bank normally associated with collection, loss mitigation, repossession, or remarketing functions. Performs key workflow tasks that are time sensitive with various regulation and department ...

... the Bank normally associated with collection, loss mitigation, repossession, or remarketing functions. Performs key workflow tasks that are time sensitive with various regulation and department ...

Bank Repossession information

What is the difference between Bank Repossession vs Auto Appraiser?

AspectBank RepossessionAuto Appraiser
Required CredentialsRepossessors often need a license or certification, knowledge of legal proceduresAppraisers typically require certifications like ASA or state licensing, knowledge of vehicle valuation
Work EnvironmentFieldwork, often on-site at repossession locations or vehiclesOffice-based, inspecting vehicles and preparing appraisal reports
Industry UsageUsed by banks, lenders, and repossession agenciesUsed by insurance companies, dealerships, and auction houses

While both roles involve vehicles, Bank Repossession focuses on recovering collateral for lenders, often requiring legal and fieldwork skills. Auto Appraisers evaluate vehicle value for insurance or sale purposes, mainly working in office settings. Both roles are essential in the automotive and financial industries but serve different functions.

What are some common challenges faced by professionals working in bank repossession, and how can they be managed?

Professionals in bank repossession often encounter challenges such as dealing with emotionally charged situations, navigating complex legal requirements, and ensuring safety during the recovery process. Managing these challenges requires strong communication skills, up-to-date knowledge of relevant laws and regulations, and adherence to strict ethical guidelines. Many teams rely on thorough training, clear protocols, and collaboration with legal and security experts to ensure repossessions are handled effectively and respectfully.

What is a bank repossession?

Bank repossession jobs involve recovering property, such as cars, homes, or equipment, that borrowers have failed to pay for according to loan agreements. Professionals in this field, often called repossession agents or recovery agents, locate and reclaim assets on behalf of banks or financial institutions. Their work requires knowledge of state and federal laws, negotiation skills, and sometimes coordination with law enforcement. These jobs can be physically demanding and may involve dealing with stressful or confrontational situations. Many repossession agents work for specialized recovery companies contracted by banks.

What are the key skills and qualifications needed to thrive as a bank repossession agent?

To thrive as a Bank Repossession Agent, you generally need knowledge of repossession laws, negotiation skills, and a clean driving record, often supported by a high school diploma or equivalent. Familiarity with skip tracing tools, asset tracking software, and repossession management systems is typically required. Strong communication, conflict resolution, and discretion are essential soft skills for dealing with debtors and sensitive situations. These skills ensure lawful, safe, and effective recovery of assets while maintaining professionalism and compliance with regulations.
What are popular job titles related to Bank Repossession jobs in Virginia? For Bank Repossession jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Bank Repossession jobs in Virginia look for? The top searched job categories for Bank Repossession jobs in Virginia are:
Infographic showing various Bank Repossession job openings in Virginia as of July 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution.

Recovery Specialist

Truist

Richmond, VA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago


Truist rating

7.9

Company rating: 7.9 out of 10

Based on 117 frontline employees who took The Breakroom Quiz

78th 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.
Need Help?
If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).
Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Process accounts that are in default and secured by collateral to minimize loss to Bank. Adhere to Government regulations, state laws and Bank requirements as it relates to real-estate foreclosures and auto/rv/marine repossessions. Support clients which may include addressing escalated calls/complaints, collaborate with vendors and internal business partners, teammates (training, guidance, etc.), and managers (may coordinate daily operational workflow). Process required paperwork, reporting and controls and use various tools, systems, and guidelines to help make workflow decisions.
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. Independently process accounts secured by collateral that are in varying stages of default to work towards resolution. Prepare, review, analyze and retain department reporting.
2. Minimize risk by complying with Federal regulations, state laws, Bank policy and Unit procedures. Identify, mitigate or communicate any issues or concerns to appropriate parties.
3. Leverage multiple systems/business tools to monitor determine/support appropriate outcomes/actions.
4. Maintain positive working relationships between peers (provide guidance, assist with training) and managers as well as clients, repossession/ property preservation vendors, foreclosure attorneys, and internal partners.
5. Meet/exceed monthly teammate performance metrics (productive/quality) and some department level metrics as defined by manager.
6. Assist Manager with Quality monitors and departmental controls for process adherence.
7. May approve charge off reports within authorized level and sign off on loan documents for the Bank.
8. Engage in testing of new systems and processes.
9. Update training guides, materials and help draft procedures.
10. Support preparation of audit deliverables.
11. Provide defined back-up support to Manager for business continuity.
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. High school diploma/GED
2. 3+ years of successful Repossession, Foreclosure and/or Default experience.
3. Ability to resolve complex situations related to business processes, robust verbal, written and interpersonal skills, ability to work independently.
4. Demonstrate basic proficiency in computer applications such as Microsoft Office software products and familiar with internal job related systems.
5. Ability to multi-task and coordinate work.
Preferred Qualifications:
1. 4+ years of Repossession, Foreclosure, and other job specific experience.
2. Higher level/secondary education, some college, Associates degree or Bachelor's degree
3. Previous supervisory experience.
The annual base salary for this position is 45,760.00 - 70,940.00 USD Annual.
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

Sourced by ZipRecruiter

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