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Repossession Jobs in Canton, MI (NOW HIRING)

Huntington

Credit Underwriter Sr - Inventory Finance

Detroit, MI · On-site +1

$57K - $124K/yr

  • Medical

  • Life

  • Retirement

  • PTO

Work with other areas to monitor delinquency, delinquency trends and repossession activity. * Conduct annual financial statement follow-up to borrowers and track and monitor the receipt by the Bank ...

Huntington

Credit Underwriter Sr - Inventory Finance

Detroit, MI · On-site +1

$57K - $124K/yr

  • Medical

  • Life

  • Retirement

  • PTO

Work with other areas to monitor delinquency, delinquency trends and repossession activity. * Conduct annual financial statement follow-up to borrowers and track and monitor the receipt by the Bank ...

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Showing results 21-26

All JobsRepossession JobsRepossession Jobs in Canton, MI

Repossession information

See Canton, MI salary details

$10.2K

$53.6K

$127.4K

How much do repossession jobs pay per year?

As of Aug 18, 2026, the average yearly pay for repossession in Canton, MI is $53,575.00, according to ZipRecruiter salary data. Most workers in this role earn between $35,700.00 and $48,200.00 per year, depending on experience, location, and employer.

What is a repossession agent?

A repossession agent, often called a repo agent, is a professional responsible for recovering property—such as vehicles, boats, or other assets—that have been leased or financed but not paid for according to the terms of a loan agreement. When a borrower defaults on their payments, the lender may hire a repossession agent to retrieve the collateral. Repo agents must follow state and federal laws to ensure the process is legal and avoid breaching the peace. They typically work for repossession companies or as independent contractors. The job often involves locating assets, negotiating with owners, and safely transporting the repossessed property.

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

To thrive as a Repossession Agent, you generally need a valid driver's license, knowledge of state repossession laws, and often a high school diploma or equivalent. Familiarity with GPS tracking systems, tow trucks, and recovery management software is typically required. Strong conflict resolution, situational awareness, and effective communication skills help navigate tense situations and ensure safety. These skills are crucial for conducting lawful, efficient repossessions while minimizing risk and maintaining professionalism.

What are some typical challenges faced by repossession agents, and how are they addressed on the job?

Repossession agents often encounter challenges such as dealing with difficult or emotional vehicle owners, locating hard-to-find assets, and working in potentially stressful or confrontational situations. Companies usually provide training on conflict de-escalation, legal compliance, and safety procedures to help agents manage these scenarios. Strong communication skills and teamwork are essential, as agents often coordinate with lenders, law enforcement, and dispatchers to ensure safe and lawful repossessions.

What is the difference between Repossession vs Debt Collector?

AspectRepossessionDebt Collector
Required CredentialsPossibly licensed or certified depending on jurisdictionOften requires collection licenses or certifications
Work EnvironmentFieldwork involving vehicle or asset retrievalOffice-based or fieldwork contacting debtors
Industry UsageFinancial institutions, auto lenders, leasing companiesCreditors, collection agencies, banks
Common Search/ComparisonRepossession vs Debt Collector

Repossession involves retrieving assets like vehicles or property when borrowers default, often requiring specialized licensing. Debt collectors focus on contacting debtors to recover owed money, typically working in collections. While both roles deal with debt recovery, repossession is more asset-focused and field-based, whereas debt collection emphasizes communication and negotiation. Understanding these differences helps job seekers identify the right career path in the debt recovery industry.

How to become a repossession agent?

To become a repossession agent, you typically need a high school diploma or equivalent, a valid driver's license, and some states require a license or certification. Experience in law enforcement, security, or driving can be beneficial, and agents often work independently or for repossession companies, using tools like skip tracing and vehicle tracking devices.

What job categories do people searching Repossession jobs in Canton, MI look for?

The top searched job categories for Repossession jobs in Canton, MI are:

What cities near Canton, MI are hiring for Repossession jobs?

Cities near Canton, MI with the most Repossession job openings:

Repossession jobs near you
Infographic showing various Repossession job openings in Canton, MI as of August 2026, with employment types broken down into 82% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $53,575 per year, or $25.8 per hour.

Credit Underwriter Sr - Inventory Finance

Huntington

Bloomfield Hills, MI • On-site, Remote

$57K - $124K/yr

Full-time

Medical, Life, Retirement, PTO

Re-posted 28 days ago

Job description

Description

This position is available to be filled at any Huntington Bank Corporate office location. 
 

Summary:

The Credit Underwriter Sr. - Inventory Finance is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. Includes analyzing financial statements and completing ratio and trend analysis of statements to determine if a customer is eligible for financing.

Duties and Responsibilities:

  • Underwrite high quality credit narratives in support of new and existing loans. Review and analyze various transactions.  Includes review and analysis of applications, financial statements, balance sheets, D&B reports, etc.

  • Spreading business financial statements and tax returns using Moody's software to analyze multi-year trends and ratios from financial information.

  • Understand cash flow from operations, which includes identifying recurring and non-recurring sources of cash flow.

  • Research industry trends and risks.

  • Perform collateral analysis including accounts receivable, inventory, real estate and investments.

  • Run credit reports and gather/analyze KYC information.

  • Spread personal financial statements and tax returns for individual guarantors, develop borrower and guarantor global cash flow analysis.

  • Work with other areas to monitor delinquency, delinquency trends and repossession activity.

  • Conduct annual financial statement follow-up to borrowers and track and monitor the receipt by the Bank of this information.

  • Prepare written recommendation as to whether the proposed loan should be approved as presented, and provide alternate loan structure recommendations.

  • Present to loan committee for loan approvals. Communicate decisions.

  • Performs other duties as assigned.

Basic Qualifications:

  • Bachelor’s degree in Finance, Accounting, Business or related field

  • 3+ years wholesale/commercial credit underwriting experience

Preferred Qualifications:

  • Masters Degree

  • Detail oriented with the ability to analyze cash flow, leverage and gauge customer strength. Experience with deal sizes ranging from 2MM to 10MM being preferred.

  • Experience in lending to a wide variety of industries, loan types, and sizes of companies being preferred

  • Strong written/verbal communication and presentation skills.

  • Demonstrated ability to make sound business judgments while protecting the interests of the bank.

  • Strong technical skills.

#LI-DK1

#CML


Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds:  in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.

Compensation Range:

$57,000 - $124,000 Annual Salary

The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education.  Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.  In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO). 

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters:  Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume.  All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

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