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Collateral Recovery Specialist Jobs (NOW HIRING)

... demand collateral -Recover collateral -Minimize risk through proper operation of equipment ... Specialist (CARS) exam Education & Training: -High School Diploma or equivalent -Previous ...

... demand collateral -Recover collateral -Minimize risk through proper operation of equipment ... Specialist (CARS) exam Education & Training: -High School Diploma or equivalent -Previous ...

... demand collateral -Recover collateral -Minimize risk through proper operation of equipment ... Specialist (CARS) exam Education & Training: -High School Diploma or equivalent -Previous ...

Update files and system accounts via the credit union's delinquent loan recovery system * Secure ... Determine when loan collateral should be repossessed * Perform all responsibilities in accordance ...

Recovery Specialist

Boise, ID · On-site

$22.07 - $30.89/hr

Update files and system accounts via the credit union's delinquent loan recovery system * Secure ... Determine when loan collateral should be repossessed * Perform all responsibilities in accordance ...

Recovery Specialist

Spokane Valley, WA · On-site

$22.07 - $30.89/hr

Update files and system accounts via the credit union's delinquent loan recovery system * Secure ... Determine when loan collateral should be repossessed * Perform all responsibilities in accordance ...

Update files and system accounts via the credit union's delinquent loan recovery system * Secure ... Determine when loan collateral should be repossessed * Perform all responsibilities in accordance ...

English (Required) Work Shift: 1st shift (United States of America) Please review the following Process accounts that are in default and secured by collateral to minimize loss to Bank. Adhere to ...

English (Required) Work Shift: 1st shift (United States of America) Please review the following Process accounts that are in default and secured by collateral to minimize loss to Bank. Adhere to ...

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Collateral Recovery Specialist information

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$18

$28

$48

How much do collateral recovery specialist jobs pay per hour?

As of Aug 7, 2026, the average hourly pay for collateral recovery specialist in the United States is $28.70, according to ZipRecruiter salary data. Most workers in this role earn between $19.23 and $38.46 per hour, depending on experience, location, and employer.

What are some common challenges faced by collateral recovery specialists, and how can they be addressed?

Collateral Recovery Specialists often encounter challenges such as locating hard-to-find assets, dealing with uncooperative clients, and managing high-stress situations. Success in this role requires strong investigative skills, persistence, and effective communication. Building positive relationships with clients and colleagues, staying organized, and following all legal and company procedures can help specialists overcome these challenges. Additionally, ongoing training and mentorship within the team can provide valuable support and insight.

What does a collateral recovery specialist do?

A collateral recovery specialist is responsible for locating, repossessing, and recovering assets such as vehicles or property that serve as collateral for loans when borrowers default. They often work with law enforcement, use tracking tools, and follow legal procedures to recover assets efficiently and safely.

What are the key skills and qualifications needed to thrive as a collateral recovery specialist?

To thrive as a Collateral Recovery Specialist, you need a solid understanding of repossession laws, investigative techniques, and a valid driver's license, often supported by experience in asset recovery or security. Familiarity with skip tracing software, GPS tracking systems, and compliance management tools is typically required. Strong communication, problem-solving abilities, and conflict resolution skills help professionals navigate sensitive situations and interact professionally with clients and debtors. These skills and tools are vital for efficiently recovering assets while ensuring legal compliance and minimizing confrontation.

What is a collateral recovery specialist?

Collateral Recovery Specialists are professionals responsible for locating, repossessing, and securing assets—such as vehicles or equipment—that serve as collateral for loans when borrowers default on payments. They often work on behalf of banks, credit unions, or other lending institutions to recover property in a legal and safe manner. Their duties include investigating asset locations, negotiating with borrowers, and ensuring proper documentation is completed. The role requires knowledge of state and federal laws regarding repossession and strong communication skills.

What is the difference between Collateral Recovery Specialist vs Repo Agent?

AspectCollateral Recovery SpecialistRepo Agent
CertificationsOften requires repossession or recovery certificationsTypically requires similar recovery certifications
Work EnvironmentFieldwork involving vehicle or asset repossessionFieldwork involving vehicle or asset repossession
Industry UsageUsed in finance, lending, and leasing industriesCommonly used in auto finance and leasing
Search IntentPeople compare these roles for repossession tasksPeople look for differences in repossession roles

Both roles involve asset repossession, often requiring similar certifications and working in the finance industry. The main difference lies in terminology; 'Collateral Recovery Specialist' is a broader term, while 'Repo Agent' is more specific to auto repossession. Understanding these distinctions helps job seekers and employers find the right fit for repossession tasks.

More about Collateral Recovery Specialist jobs
What states have the most Collateral Recovery Specialist jobs? States with the most job openings for Collateral Recovery Specialist jobs include:
What job categories do people searching Collateral Recovery Specialist jobs look for? The top searched job categories for Collateral Recovery Specialist jobs are:
Infographic showing various Collateral Recovery Specialist job openings in the United States as of August 2026, with employment types broken down into 84% Full Time, 13% Part Time, and 3% Contract. Highlights an 79% Physical, 2% Hybrid, and 19% Remote job distribution, with an average salary of $59,693 per year, or $28.7 per hour.

Workout Recovery Specialist

Dannemora Federal Credit Union

Plattsburgh, NY • On-site

$22.36 - $33.54/hr

Full-time

Posted 3 days ago

New


Job description

Role:

To preserve the Credit Union's assets by controlling delinquent loan accounts, collecting delinquent loan payments and/or recovering collateral.

Essential Functions and Responsibilities:
  • Contacts delinquent accounts by phone and mail; takes appropriate action to bring current.
  • Analyzes financial situation of delinquent borrowers; makes recommendations to repossess collateral when other arrangements to bring the loan current are unsuccessful.
  • Maintains accurate files and reports on all collections activity.
  • Testifies at legal proceedings as required.
  • Informs management of trends in loan underwriting contributing to delinquent and chargedoff loans.
  • Performance Measurements:
  • Ensure timely contact of members with delinquent loans to inquire about repayment intent, initiating calls to members upon generation of the 15 day notice.
  • Maximize the collection and/or recovery of credit union assets from delinquent and/or chargedoff accounts.
  • Maintain accurate and complete records of all collection and recovery activity.
  • Adhere to provisions as set forth in the Fair Debt Collection Practices Act (FDCPA) and insure collection activity is always within Credit Union policy and all relevant regulations.
  • Identify and inform management of potential underwriting problems.
  • Provide informed, professional, and accurate service and support to all members and employees.
  • Collect on assigned delinquent accounts as follows:90% or more of all 30 day, 80% or more of all 60 day, 80% or more of all 90 day.
  • Knowledge and Skills:

    Experience- Three years to five years of similar or related experience.

    Education- (1) A two year college degree or (2) Completion of a specialized course of study at a business or trade school.

    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.