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Bank Repossession Jobs (NOW HIRING)

The Senior Repossession Specialist is responsible for executing the operational activities within ... Banking/Credit Union, Loan Servicing, Loss Mitigation related Industry Certifications. * Direct ...

Overview: Help to mitigate losses by coordinating the repossession of delinquent collateralized consumer bank auto & recreational vehicle loans (e.g., boats, RV's, motorcycles). Primary ...

Repo Coordinator II

Getzville, NY · On-site

$20.55 - $34.25/hr

Overview: Help to mitigate losses by coordinating the repossession of delinquent collateralized consumer bank auto & recreational vehicle loans (e.g., boats, RV's, motorcycles). Primary ...

Overview: Help to mitigate losses by coordinating the repossession of delinquent collateralized consumer bank auto & recreational vehicle loans (e.g., boats, RV's, motorcycles). Primary ...

Repo Coordinator II

Getzville, NY · On-site

$20.55 - $34.25/hr

Overview: Help to mitigate losses by coordinating the repossession of delinquent collateralized consumer bank auto & recreational vehicle loans (e.g., boats, RV's, motorcycles). Primary ...

Provide accurate and timely reporting to senior management and key stakeholders Repossession Administration * Prepare transfer documentation for repossessed assets moving to the bank's Other Assets ...

Provide accurate and timely reporting to senior management and key stakeholders Repossession Administration * Prepare transfer documentation for repossessed assets moving to the bank's Other Assets ...

Assists with the management, servicing and liquidation of the Bank's OREO assets. Assists all lenders in the repossession and liquidation of personal property. Adheres to all loan policies with ...

Assists leadership with repossession duties as assigned. ESSENTIAL FUNCTIONS: * Communicate with ... Prevent further bank loss by avoiding charge offs and repossessions. * Receive bankruptcy notices ...

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bank repossession information

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 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 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.

How to become a bank repossession agent?

To become a bank repossession agent, you typically need a high school diploma or equivalent, a valid driver's license, and a clean driving record. Training is often provided by employers, and knowledge of vehicle laws and security procedures is important; some states may require a license or certification. Experience in law enforcement, security, or collections can be beneficial.
More about bank repossession jobs

What cities are hiring for Bank Repossession jobs?

Cities with the most Bank Repossession job openings:

What are the most commonly searched types of Bank Repossession jobs?

The most popular types of Bank Repossession jobs are:

What states have the most Bank Repossession jobs?

States with the most job openings for Bank Repossession jobs include:

Infographic showing various Bank Repossession job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 14% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution.

Repossession Specialist M-F 8am-5pm

Fifth Third Bank

Grand Rapids, MI • On-site

Full-time

Re-posted 27 days ago


Fifth Third Bank rating

7.5

Company rating: 7.5 out of 10

Based on 113 frontline employees who took The Breakroom Quiz

106th of 173 rated banks


Job description

Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION: Under moderate supervision, complete research utilizing skip tracing tools and process orders for voluntary, involuntary, and impound loan repossession assignments and reassignments while following all state and federal laws. Review and complete requests for repossession cancellations and redemptions. Review various additional repossession charges, including requests for additional towing, storage, or repair fees. Conduct research and approve, negotiate, or deny fees.
Responsible for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Conduct research, utilize skip tracing tools, and evaluate data from multiple sources to make strategic actionable decisions
  • Submit voluntary, involuntary, and impound repossession assignments/reassignments using multiple systems
  • Monitor daily verbal and written correspondence regarding impounds, contact any third party that has possession of the Bank's collateral, and negotiate all storage/tow/repair charges.
  • Accurately process and document all requests for repossession cancellations and redemptions.
  • Reconcile and review vendor invoices to ensure agreed upon charges are paid and process adjustments to post repossession fees.
  • Follow state and federal laws to protect both the Bank and the customer.
  • Collaborative approach to identify and recommend solutions to issues.
  • Consistently meet or exceed commitments as defined by leadership.
  • Perform any other duties as assigned.

SUPERVISORY RESPONSIBILITIES: None
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
  • High school diploma or equivalent required.
  • Minimum 2 years of collections, repossession, or equivalent work experience. Excellent verbal and written communication skills.
  • Strong experience with Microsoft office products, such as Word, Excel, PowerPoint, and Outlook.
  • Proficient with computer systems and keyboarding / data entry skills with moderate speed and accuracy.
  • Ability to work in a team environment, presenting a professional image and commanding the respect of peers and leadership.
  • General knowledge of collection laws, regulations, principles of credit lending, and risk management.
  • Utilizes a fair degree of independence and problem solving.
  • Ability to multi-task and be flexible while managing change.
  • Proficient with computer systems and keyboarding / data entry skills with moderate speed and accuracy.
  • Self-motivated, professional with strong organizational and problem-solving skills

#LI-EG1
Repossession Specialist M-F 8am-5pm
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Grand Rapids, Michigan 49546
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

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