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Repossession In Jobs in Ohio (NOW HIRING)

7 17 Credit Union

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Repossession Specialist

Warren, OH · On-site

$42K - $58K/yr

Review and attempt to resolve serious delinquency involving collateralized accounts in an effort to avoid repossession. Upon non-resolution, generate notification of possible account actions for ...

Alcar Recovery

Repossession Agent

Stow, OH

Alcar Recovery is one of the most respected, rapidly expanding repossession firms in the country. We are seeking both fulltimeexperienced field agents and those eager to learn and committed to a new ...

Alcar Recovery, LLC

Repossession Agent

Stow, OH · On-site

Alcar Recovery is one of the most respected, rapidly expanding repossession firms in the country. We are seeking both fulltimeexperienced field agents and those eager to learn and committed to a new ...

Alcar Recovery, LLC

Repossession Agent

Stow, OH · On-site

Alcar Recovery is one of the most respected, rapidly expanding repossession firms in the country. We are seeking both full time experienced field agents and those eager to learn and committed to a ...

Alcar Recovery, LLC

Repossession Agent

Stow, OH · On-site

Alcar Recovery is one of the most respected, rapidly expanding repossession firms in the country. We are seeking both full time experienced field agents and those eager to learn and committed to a ...

U.S. Bancorp

Repossession Processor

Cincinnati, OH · On-site

$20 - $26.39/hr

We believe it takes all of us to bring our shared ambition to life, and each person is unique in ... Performs a variety of support and oversight to the physical repossession and collateral liquidation ...

U.S. Bank

Repossession Processor

Saint Bernard, OH · On-site

$20 - $26.39/hr

We believe it takes all of us to bring our shared ambition to life, and each person is unique in ... Performs a variety of support and oversight to the physical repossession and collateral liquidation ...

U.S. Bank

Repossession Processor

Cincinnati, OH · On-site

$20 - $26.39/hr

We believe it takes all of us to bring our shared ambition to life, and each person is unique in ... Performs a variety of support and oversight to the physical repossession and collateral liquidation ...

U.S. Bank

Repossession Processor

Cincinnati, OH · On-site

$20 - $26.39/hr

We believe it takes all of us to bring our shared ambition to life, and each person is unique in ... Performs a variety of support and oversight to the physical repossession and collateral liquidation ...

US Bank

Repossession Processor

Cincinnati, OH · On-site

$20 - $26.39/hr

We believe it takes all of us to bring our shared ambition to life, and each person is unique in ... Performs a variety of support and oversight to the physical repossession and collateral liquidation ...

7 17 Credit Union

REPO SPECIALIST

Warren, OH · On-site

$14.50 - $19.25/hr

Review and attempt to resolve serious delinquency involving collateralized accounts in an effort to avoid repossession. Upon non-resolution, generate notification of possible account actions for ...

7 17 Credit Union

REPO SPECIALIST

Warren, OH

$14.50 - $19.25/hr

Review and attempt to resolve serious delinquency involving collateralized accounts in an effort to avoid repossession. Upon non-resolution, generate notification of possible account actions for ...

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Repossession In information

What is the 3 month rule for jobs?

The 3 month rule in repossession jobs typically refers to the period during which a repossession agent must complete the recovery process after being assigned a vehicle or asset. It often relates to company policies or legal guidelines that specify timelines for action to ensure compliance and efficiency in the repossession process.

How much do repo spotters get paid?

Repo spotters typically earn between $10 and $20 per hour, depending on experience and location. They often work on a commission or bonus basis for successful recoveries and need good observational skills and knowledge of vehicles and repossession procedures.

How badly does a repo affect you?

For a repossession agent, the job involves locating and recovering assets like vehicles or property, which can be stressful and require strong communication skills. While the role itself does not directly impact personal credit, it may involve working in high-pressure environments and adhering to legal protocols. The job's impact on an individual depends on personal resilience and understanding of legal boundaries in repossession activities.

What is the difference between Repossession In vs Repossession Agent?

AspectRepossession InRepossession Agent
Primary RoleManaging the process of repossessing assets after initial collection effortsLocating, recovering, and returning assets from defaulted borrowers
CredentialsOften requires knowledge of legal procedures and sometimes licensingRequires knowledge of repossession laws, sometimes licensing or certification
Work EnvironmentOffice-based with field visits for legal or administrative tasksPrimarily fieldwork, visiting locations to recover assets
Industry UsageUsed in finance, leasing, and loan recovery sectorsCommonly used in auto, equipment, and property repossession sectors

In summary, Repossession In focuses on managing the legal and administrative aspects of repossession, often involving legal procedures, while Repossession Agent is more hands-on, physically locating and recovering assets. Both roles are essential in the repossession process but differ in responsibilities and work environment.

What are the rules of repossession?

In repossession jobs, the rules involve following legal procedures to recover property, such as obtaining proper authorization, respecting the debtor's rights, and adhering to state and federal laws. Repossession agents must avoid breach of peace, which includes avoiding violence or intimidation, and often require training and certification to perform their duties lawfully.
What are popular job titles related to Repossession In jobs in Ohio? For Repossession In jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Repossession In jobs in Ohio look for? The top searched job categories for Repossession In jobs in Ohio are:
What cities in Ohio are hiring for Repossession In jobs? Cities in Ohio with the most Repossession In job openings:
Repossession In jobs near you
Repossession Administrator

Repossession Administrator

Wright-Patt Credit Union

Beavercreek, OH

Full-time

Posted 14 days ago

Wright-Patt Credit Union rating

5.8

Company rating: 5.8 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

Job description

If you have at least one year of collections experience and a passion for helping others navigate challenging situations, this could be the perfect opportunity for you! Join a team where your expertise and compassion can make a meaningful difference in people's lives while building a rewarding career.

 The Repossession Administrator is responsible for overseeing the entire collateral repossession process for the Credit Union, from assigning and canceling vehicle repossessions to managing the disposition and sale of the collateral. This role also includes handling, recovering impounded collateral, initiating skip claims and insurance claims for units with Collateral Protection Insurance and pursuing legal action against borrowers when collateral is not recovered. 

1)      Approves and assigns vehicles for repossession. Ensures proper policies, procedures, risk mitigation activities, and operating controls are followed. Reports gaps in policies, procedures, and operating controls to leadership to ensure member impact and risk is mitigated. (10%)

2)      Negotiates repayment plans for severely delinquent member accounts where the vehicle is assigned for repossession. This role also negotiates the redemption of repossessed vehicles. Timely and accurately cancels repossession assignments with recovery agents once a satisfactory payment or payment arrangement is made, allowing for the cancellation of the assignment or the redemption of the vehicle. (10%)

3)      Manages the borrower and total loss claim process to maximize recovery and minimize losses, while prioritizing the member's needs. Works closely with vendors to ensure a smooth, efficient claims process with prompt responses to avoid delays. Keeps the member informed throughout the process as needed and addresses any concerns as they arise. (10%)

4)      Timely reassigns repossession orders to alternative agents once initial attempts to secure collateral have been unsuccessful. In addition, requests legal action including demand letters and breach of contract when collateral has not been recovered. (10%)

5)      Responsible for evaluating condition reports from the repossession agencies and auction houses to determine the general condition of the collateral, determine what repairs are reasonable and establish a fair market value for the sales price of the collateral seeking to maximize the recovery for the Credit Union.  (10%)

6)      Ensures impound notices are reviewed and responded to within department timeframes, taking swift action to minimize potential losses. (10%)

7)      Handles ACD line inquiries to address member and partner questions regarding repossessed units, including providing quotes for cancellation and redemption amounts, as well as answering general repossession-related questions. (10%)

8)      Proficient with the Collateral Protection Insurance (CPI) skip, damage and total loss claim processes and when to submit a claim to reduce potential losses on vehicles not located by a repossession agency. (5%)

9)      Ensures the credit union's lien is properly perfected and obtains repossession titles through local BMV offices or auction houses before the collateral is sold. (5%)

10)   Monitors the timely transportation of units stored at local agent offices to the appropriate auction houses to minimize storage fees for the credit union. (5%)

11)   Reviews fee requests from repossession agents for units in the repossession process to ensure fees are minimized and the credit union is not overcharged. (5%)

12)   Liaison between the credit union and vendors including recovery agencies, insurance center, indirect dealerships, auction houses, and attorneys.  (5%)

13)   Responsible for preparing and managing repossession reports including but not limited to the repossession sale report, repossession on-hand report, vendor performance reports, including vendor tracking updates for Collateral Protection Insurance.  (5%)

What Wright-Patt Credit Union employees say

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