As a Repossession Specialist, the person will deal exclusively with repossessed assets. The job description entails assisting in the recovery, remarketing, and liquidation of collateral securing consumer and small commercial loans. Essential duties and responsibilities are listed on the Repossession Specialist Resume – receiving and reviewing repossession updates, condition reports, and overseeing transportation logistics of repossessed inventory; preparing charge off and reclassification paperwork, working with customers to mitigate losses, referring accounts to management as needed for loss mitigation options, and making recommendations to management throughout the process so as to mitigate risk and minimize loss exposure.
The nature of the job demands the following skills and abilities – work experience in lending, collecting, negotiation, and remarketing; the ability to provide cordial customers regardless of customer personality or presence; knowledge of using all types of office equipment, and machines. Hiring employers ask for a degree in any field. However, some experience can replace formal education.
Summary : Accomplished Repossession Specialist with over 9 years of experience Proficient in various trades of the construction industry such as masonry, electrical, plumbing, and siding Achieves goals by utilizing team members, improving processes, and following safety protocols Ability to increase client base by providing outstanding customer service.
Assisted internal and external members with inquiries regarding, holds, warnings and negative share members.
Placed, monitored and removed lockouts pursuant to procedures outlined in the Collection Manual.
Acted as a liaison between vendor, insurance agency and credit union partner Approve all vehicles for repossession to include verification of lien holder, member notices and loan documents.
Used Auto IMS to place unit with Repossession Company.
Processed physical damage and skip claims through VSI or CPI (if applicable) Prepare and send notices of repossession and right of redemption.(if applicable) Prepare file for redemption of vehicle.
Prepared title work for sale at auction to include floor price.
Processed auction proceeds and prepare transmittal outlining reconciliation of sale and expenses.
Experience
7-10 Years
Level
Management
Education
Business Management
Repossession Specialist Resume
Headline : Highly personal, passionate, and driven individual excited for leadership. An individual confident with the public and public speaking. Works with team members with poise and professionalism.
Prepared and processed invoices for repossession expenses.
Prepared repossession and auctions monthly reports for credit union partners.
Managed up to 100 accounts daily repossessing and reinstating vehicles for customers nationwide.
Achieved 69% success rate in reinstating customers and recouping payments.
Audited customer accounts to determine effective payment plan based on past history, market value and loan specs.
Communicated effectively with customers to achieve reinstatement and past due payment goals.
Managed repossession process; selected vendors to repossess vehicles, communicated daily for updates, obtained vehicle condition reports, processed invoices.
Experience
5-7 Years
Level
Executive
Education
Business Management
Repossession Specialist Resume
Objective : To contribute either administrative, accounting, or real-world oriented management (either individually or heading up a small team) for an organization that makes a contribution to a worthy endeavor.
Skills : Inventory management, training developement and implamenting, design, Boy Souts of America.
Description :
Directly responsible for the management of Bank repossessed inventory.
Coordinated repossession activities in New York and New Jersey as well as nationwide.
Managed the development and implementation of a system to inspect vehicles.
Determined their fair market value, in addition to supervising all aspects of operations including assignment of vehicle redemption or sale.
Monitored action effectiveness and auction results through the preparations of monthly reports.
Instituted and continually ensure policies and procedures for the repossession unit.
Interfaced directly with senior management in the monthly report analysis.
Experience
2-5 Years
Level
Junior
Education
GED
Repossession Specialist Resume
Headline : To obtain a career in a well-founded respected business with a professional atmosphere. To challenge and be challenged by my job and coworkers to become the best employee possible.
Skills : Skip Tracing, Typing, And Communication Specialist.
Description :
Evaluated department operation to ensure compliance with corporate liability policies and legal regulatory requirements, and investigation of exceptions and deficiencies noted.
Corresponded person to person with customers to arrange redemption of repossessed collateral.
Contacted customers in reference to delinquent car payments.
Had authorization approval for payments of up to $10,000.
Kept track of all transactions from each repossession agent to ensure the amounts quoted to the company were adhered to unless.
Took payment on leases and installment loans that were delinquent.
Documented accounts with details of customer/3rd party/agent conversations.
Experience
5-7 Years
Level
Executive
Education
GED
Repossession Specialist Resume
Headline : Reliable, hardworking, and good with people. Diligent, detail-oriented Administrative Assistant Knowledgeable of most office functions with a solid background in healthcare, business, and state government field. Exceed at multi-tasking in a fast-paced environment, completing projects within time and budget constraints.
Reviewed our commercial leasing equipment accounts for repossession or evaluated them for a legal referral.
Spoke with past-due customers and assessed the best way to handle their delinquency whether by repossessing their equipment or offering programs that may be available to them in order to assist them with their delinquency.
Skip traced when needed.
Handled inbound Spanish-speaking calls for the company and resolved any customer complaints by following company policies.
Negotiated repossession contracts with different repossession agents in order to obtain the best service with the amounts quoted to the company based on the company's needs.
Ensured all repossession bills were paid in a timely manner.
Experience
5-7 Years
Level
Executive
Education
Bachelor's
Repossession Specialist Resume
Headline : Currently, a supervisor at a Grade iron foundry and currently do a wide variety of tasks. These include the operation of both low and medium frequency melting furnaces, Disa mold machines, Duca pressure pour systems, crane operations, maintaining iron chemistry through the measuring and addition of various elements ranging from silicon, carbon, copper, and others.
Skills : 10 Key And Type 35 Wpm By Touch, Microsoft Excel And Word, Outgoing People Person, Clean Criminal History, Outstanding Customer Service, Team Player Yet Independent Thinker, Good Driving Record.
Description :
Assigned automobiles, mobile homes, boats, ATVs, farm equipment, etc, out for repossession to various repossession companies throughout the country.
Used the Microsoft Access program for entering the accounts onto our repossession database, & used this program throughout the repossession process.
Updated accounts with the progress of the repossession companies via e-mail (Microsoft Outlook), fax & phone updates.
Sent private/public sale notices to the clients when the vehicles were picked up.
Sent the accounts to our Asset Disposal department to have the vehicles moved to the auction to be sold.
Processed invoices & tickets to pay bills, along with processing charge offs & checks on the vehicles.
Used Microsoft Excel while processing the charge-offs.
Experience
5-7 Years
Level
Executive
Education
BA In Criminal Justice
Repossession Specialist Resume
Headline : As a Repossession Specialist, responsible for Assisting and performing all daily skip trace activities to locate individuals for payment of debt and recovery of collateral, Maintaining and establishing new repossession and transport vendor relationships, Managing all accounts that have been assigned to them from the repossession assignment to the transportation of the vehicle to the auction.
Used RDN to input cases, research the location and background of the debtor, make calls through skip tracing to create updates, and create reports for lien holders.
Used other resources as Master files, Carfax, Facebook, Instagram, Twitter, and Google searches to find information about the debtor and collateral, not limited to reverse phone searches and family member and friend contacts.
Answered all incoming calls and returning all outgoing calls is also one of my duties.
Scheduled payments and collateral redemption with debtors, auctions, and financial institutions.
Created invoices and follow-ups on payment plans, as well as signed off on case acceptances and add adjusters for cases outside of our area coverage.
Related login profiles for agents, adjusters, and lien holders.
Reported building with clients and debtors is essential to doing this position effectively, and I have been able to accomplish this feat in a very sensitive industry.
Experience
5-7 Years
Level
Executive
Education
Diploma In Private Investigation
Repossession Specialist Resume
Objective : Extensive experience in scheduling, translating, verbal and written communication skills, organizational skills, type 50 plus wpm. Advanced in Microsoft programs; Access, Excel, Windows, Internet browsing, written and oral reports, switchboard. Reliable, honest, and a fast learner. Can easily make decisions without supervision. Can multi-task in any environment.
Skills : Case Management, Medical Billing, Generating Reports, Bookkeeping, HIPPA Regulations, Microsoft Office, Scheduling, Credentialing, Type 50+ Wpm, Supervisory Experience, Fax Machine, Scanning, Able To Post Jobs On Any Site.
Description :
Attempted to secure vehicles, due to non-payment on loans.
Able to bring forth expertise in this area, which was lacking before I joined the company.
Used Proficiency, Mac/windows knowledge, technical and storytelling writing, critical thinking into the psychology of the debtors, taking into consideration their demographic information.
Worked with title issues to get BB&T's lien perfected, to avoid charge offs.
Worked closely with the branches to get these accounts either cured or picked up.
Set goals to succeed daily and always met them.
Resolved administrative problems by coordinating the preparation of reports, analyzing data, and identifying solutions.
Experience
2-5 Years
Level
Executive
Education
GED
Repossession Specialist Resume
Objective : Excellent computer skills; proficient with Microsoft Word, Microsoft Excel, and other Microsoft Office products. Able to learn proprietary systems/applications quickly and easily. Proven ability to identify and implement improvements to streamline processes and increase efficiency and productivity. Works efficiently and is able to produce quality work under deadlines or other pressures.
Skills : Typing 45 Wpm, Great Customer Service.
Description :
Reviewed, approved, and assigned all repossessions.
Worked closely with agents and other vendors to ensure timely recovery, transport, and liquidation of repossessed vehicles.
Filed claims related to CPI or other insurance on repossessed vehicles.
Monitored these accounts for payments.
Responded to difficult situations and work to find a solution that creates a 'win-win'.
Created and balanced reports monthly and as needed for Senior Management.
Provided support to all areas of the Credit Union where needed.
Experience
2-5 Years
Level
Executive
Education
High School Diploma
Repossession Specialist Resume
Objective : To work in an environment where my skills can be best utilized and where I can make a major contribution using the skills I have acquired along with the training I have received and intend to receive in the future.
Handled large volume of phone calls and emails effectively, timely, and in a professional manner.
Adapted to any technological programs and requirements pertaining to the job.
Traced, tracked, and located shipments inbound or out bound.
Initiated schedules and correspondences with dispatchers, vendors, and buyers.
Communicated with all levels of the business, displaying trust and competency at all times.
Reviewed client portfolios Maintained client contractual obligations Worked effectively and closely with outside vendors Conducted light skip tracing when field agents are unable to locate collateral Gathered data as needed based on client needs.
Worked with account holders to qualify for potential short term hardship assistance.
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