Collateral Research Agent
$20 - $23/hr
What You'll Do: - Review repossession assignments and gather critical case details. - Develop a ... Apply now and become a Collateral Research Agent with Matrix Recovery Service. Hours of Operation
Collateral Research Agent
$20 - $23/hr
What You'll Do: - Review repossession assignments and gather critical case details. - Develop a ... Apply now and become a Collateral Research Agent with Matrix Recovery Service. Hours of Operation
Repossession Agent information
See Minnesota salary details
$9.89 - $12.01
1% of jobs
$12.01 - $14.13
7% of jobs
$15.85 is the 25th percentile. Wages below this are outliers.
$14.13 - $16.25
20% of jobs
$16.25 - $18.36
18% of jobs
The median wage is $18.72 / hr.
$18.36 - $20.48
19% of jobs
$21.87 is the 75th percentile. Wages above this are outliers.
$20.48 - $22.60
14% of jobs
$22.60 - $24.72
7% of jobs
$24.72 - $26.84
2% of jobs
$26.84 - $28.96
4% of jobs
$28.96 - $31.08
3% of jobs
$31.08 - $33.20
3% of jobs
$9
$20
$33
How much do repossession agent jobs pay per hour?
As of Jul 14, 2026, the average hourly pay for repossession agent in Minnesota is $20.57, according to ZipRecruiter salary data. Most workers in this role earn between $16.01 and $22.84 per hour, depending on experience, location, and employer.
Do repossession agents make good money?
Repossession agents typically earn a salary or commission-based pay that can vary depending on experience, location, and the number of recoveries made. On average, they earn between $30,000 and $60,000 annually, with some earning more through overtime or performance bonuses. The job often requires strong communication skills, knowledge of legal procedures, and the ability to work in challenging environments.
What is the difference between Repossession Agent vs Field Investigator?
| Aspect | Repossession Agent | Field Investigator |
|---|---|---|
| Credentials | Driver's license, sometimes security or repossession training | Investigation certifications, background checks |
| Work Environment | Fieldwork, often in various locations, sometimes confrontational | Fieldwork, interviews, surveillance |
| Employer & Industry | Loan companies, banks, repossession agencies | Insurance companies, private investigation firms |
| Search & Comparison Intent | Locating and recovering collateral | Gathering information, verifying facts |
While both roles involve fieldwork and require investigative skills, Repossession Agents focus on locating and recovering collateral for lenders, often involving physical recovery. Field Investigators gather information, verify details, and conduct surveillance for various clients. The roles share some credentials and work environments but differ in primary responsibilities and industry focus.
Can repossession agents carry guns?
Repossession agents are generally not authorized to carry firearms as part of their job, and doing so can be illegal depending on local laws and regulations. They typically rely on non-violent methods and may work with law enforcement if necessary. Training in conflict de-escalation and understanding legal boundaries are important for their safety and compliance.
What are some common challenges faced by Repossession Agents and how can they be managed on the job?
Repossession Agents often encounter challenges such as dealing with difficult or emotional vehicle owners, working irregular hours, and ensuring personal safety during recoveries. Staying calm under pressure, maintaining professionalism, and following proper legal protocols are essential for managing these situations. Agents typically work closely with team members, such as dispatchers and security staff, to coordinate safe and efficient repossessions. Training in conflict resolution and awareness of local laws can further help agents navigate these challenges successfully.
What are repossession agents?
Repossession agents are professionals hired by lenders or financial institutions to recover property, typically vehicles or equipment, when borrowers default on their loans. They locate, secure, and retrieve the assets in accordance with state and federal laws, ensuring the process is handled legally and safely. Repossession agents may work independently or for repossession companies, and often need knowledge of legal procedures, negotiation skills, and sometimes a special license. Their work can be challenging and may involve interacting with distressed or confrontational individuals. The goal is to recover the property while minimizing conflict and legal risk.
How do repossession companies get paid?
Repossession companies typically get paid through a fee charged to the lender or creditor for recovering the asset. The fee can be a flat rate or a percentage of the asset's value, and payment is usually made after successful recovery. Some companies also charge additional fees for storage, transportation, or administrative costs.
What are the key skills and qualifications needed to thrive as a Repossession Agent, and why are they important?
To thrive as a Repossession Agent, you need a strong understanding of state and federal repossession laws, a valid driver's license, and often a high school diploma or equivalent. Familiarity with skip tracing software, GPS tracking systems, and digital reporting tools is typically required. Excellent negotiation, conflict resolution, and situational awareness are crucial soft skills for managing interactions with vehicle owners and ensuring safety. These skills and qualifications are essential for performing repossessions legally, efficiently, and safely while minimizing risk and maintaining professionalism.
How do you become a repossession agent?
To become a repossession agent, you typically need a high school diploma or equivalent, a valid driver's license, and a clean driving record. Many states require licensing or registration, and agents often receive on-the-job training or certification in repossession procedures and safety protocols.
What Does a Repossession Agent Do?
As a repossession agent, you participate in the recovery of an asset when someone is overdue on a debt payment. In your job as a repo agent, you may collect the deed to a vehicle or another piece of property, coordinate the transfer of ownership through a bank, and comply with all relevant laws and regulations for the repossession process. You may also help calculate the costs of repossession and help the bank determine the best way to finance complicated repossession efforts. Repossession agents should not be confused with recovery agents, who locate and retrieve people who fail to appear in court, though some people perform both duties.
More about Repossession Agent jobs
What are popular job titles related to Repossession Agent jobs in Minnesota? For Repossession Agent jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Repossession Agent jobs in Minnesota look for? The top searched job categories for Repossession Agent jobs in Minnesota are:
$20 - $23/hr
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted yesterday
Job description
Do you have the instincts of a detective and the curiosity of a journalist? We’re seeking a Collateral Research Agent who can think like a debtor hiding a high-value asset…..and then find it. Use social media, mapping tools, and public records to uncover what others miss.
Matrix Recovery Service is looking for a Collateral Research Agent (an online investigator who thrives on solving puzzles, finding hidden information, and helping our repossession agents recover high-value assets).
You won’t just search; you’ll think like someone hiding a car, boat, or RV and then outsmart them.
What You’ll Do:
- Review repossession assignments and gather critical case details.
- Develop a strategy to locate the asset by putting yourself in the debtor’s shoes.
- Use social media platforms, online public records, business databases, and satellite imagery to gather clues.
- Connect debtor profiles to friends, family, and associates to identify alternate storage locations.
- Examine photo backgrounds, event posts, and comments for location hints.
- Utilize mapping tools (Google Earth, Google Maps, etc) to verify possible storage sites.
- Build a “connection map” linking debtors to people, addresses, and assets.
- Prepare organized, evidence-backed reports for repossession agents.
What We’re Looking For:
- Critical thinking skills and the ability to see connections others overlook.
- Strong research and online search skills.
- An investigative mindset — curiosity, persistence, and strategic thinking.
- Ability to anticipate debtor behavior and think like they would when hiding an asset.
- Excellent written communication for clear, actionable reporting.
- Experience in investigations, skip tracing, collections, or research is a plus, but we will train the right person.
Tools You’ll Use:
- Social media: Facebook, Instagram, TikTok, LinkedIn.
- Public record databases: County property, court records, DMV/boat registration.
- Professional directories and business search tools.
- Mapping amp; satellite imagery tools: Google Maps/Earth, Bing Maps, OnX Hunt, LandGlide.
- Investigative databases (access provided).
Why You’ll Love Working With Us:
- Exciting, fast-paced investigative work.
- Direct impact on asset recovery success.
- Flexible schedule and potential for remote work.
- Competitive pay with performance incentives.
- Comprehensive training in advanced investigative techniques.
Ready to join a team that finds what others can’t?
Apply now and become a Collateral Research Agent with Matrix Recovery Service.
You won’t just search; you’ll think like someone hiding a car, boat, or RV and then outsmart them.
What You’ll Do:
- Review repossession assignments and gather critical case details.
- Develop a strategy to locate the asset by putting yourself in the debtor’s shoes.
- Use social media platforms, online public records, business databases, and satellite imagery to gather clues.
- Connect debtor profiles to friends, family, and associates to identify alternate storage locations.
- Examine photo backgrounds, event posts, and comments for location hints.
- Utilize mapping tools (Google Earth, Google Maps, etc) to verify possible storage sites.
- Build a “connection map” linking debtors to people, addresses, and assets.
- Prepare organized, evidence-backed reports for repossession agents.
What We’re Looking For:
- Critical thinking skills and the ability to see connections others overlook.
- Strong research and online search skills.
- An investigative mindset — curiosity, persistence, and strategic thinking.
- Ability to anticipate debtor behavior and think like they would when hiding an asset.
- Excellent written communication for clear, actionable reporting.
- Experience in investigations, skip tracing, collections, or research is a plus, but we will train the right person.
Tools You’ll Use:
- Social media: Facebook, Instagram, TikTok, LinkedIn.
- Public record databases: County property, court records, DMV/boat registration.
- Professional directories and business search tools.
- Mapping amp; satellite imagery tools: Google Maps/Earth, Bing Maps, OnX Hunt, LandGlide.
- Investigative databases (access provided).
Why You’ll Love Working With Us:
- Exciting, fast-paced investigative work.
- Direct impact on asset recovery success.
- Flexible schedule and potential for remote work.
- Competitive pay with performance incentives.
- Comprehensive training in advanced investigative techniques.
Ready to join a team that finds what others can’t?
Apply now and become a Collateral Research Agent with Matrix Recovery Service.
Hours of Operation
- On-site Full-time
- Monday through Friday 8:30 AM – 5:00 PM
- Occasional overtime as needed
Benefits Available
- Medical, dental, vision, life insurance, voluntary life insurance, critical illness, accident, short-term amp; long-term disability, FSA amp; HSA
- 401(k) with an employer match
- Paid time off
- Paid holidays
About Midwest Recreational Clearinghouse
Midwest Recreational Clearinghouse, LLC is a premier online auction house based out of Hastings, MN. Midwest Recreational Clearinghouse, LLC is an Equal Opportunity Employer. Midwest Recreational Clearinghouse, LLC does not discriminate based on race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate laws. All employment is decided based on qualifications, merit, and business needs.
- We do not sponsor Visa’s.
- No third-party vendors.
About CrankyApe.com
Sourced by ZipRecruiter
Industry
Motor vehicle manufacturing
Company size
51 - 200 Employees
Headquarters location
Lake Elmo, MN, US
Year founded
2001