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Payoff Processor Jobs (NOW HIRING)

Planet Home Lending LLC

Payoff Specialist II

Meriden, CT · On-site

$18.75 - $25.50/hr

Completes necessary audits to ensure payoffs, releases and assignments are being processed timely and accurately; prepares reports for management. * Manages training of payoff specialists. * Monitors ...

Robert Half

Payoff & Special Loans Manager

Chicago, IL · On-site

$90K - $95K/yr

Whoever fills this role is expected to be promoted quickly. · Ensure compliance with all applicable federal and state servicing regulations related to payoff processing, lien releases, mortgage ...

Robert Half

Payment Processing Manager

Las Vegas, NV · On-site

$80K - $95K/yr

The ideal candidate brings strong leadership, deep knowledge of loan payment processing and payoff activity, and a track record of improving operational controls and team performance.

Robert Half

Title Processor

Knoxville, TN · On-site

$14.23 - $16.48/hr

The ideal candidate brings strong knowledge of title clearance, payoff coordination, and closing documentation while maintaining clear and timely communication throughout the process.

gpac

Loan Processor

Lafayette, LA · On-site

$18 - $23.75/hr

Process loan payoff requests and payments. * Monitor the loan payoff report to ensure all necessary actions are taken to close out loans and release collateral per the lender's direction. * Prepare ...

gpac

Loan Processor

Shreveport, LA · On-site

$15.50 - $20.50/hr

Process loan payoff requests and payments. * Monitor the loan payoff report to ensure all necessary actions are taken to close out loans and release collateral per the lender's direction. * Prepare ...

gpac

Loan Processor

Bossier City, LA · On-site

$14.25 - $18.75/hr

Process loan payoff requests and payments. * Monitor the loan payoff report to ensure all necessary actions are taken to close out loans and release collateral per the lender's direction. * Prepare ...

gpac

Loan Processor

Plaquemine, LA · On-site

$18.50 - $24.50/hr

Process loan payoff requests and payments. * Monitor the loan payoff report to ensure all necessary actions are taken to close out loans and release collateral per the lender's direction. * Prepare ...

gpac

Loan Processor

Lake Charles, LA · On-site

$17.25 - $23/hr

Process loan payoff requests and payments. * Monitor the loan payoff report to ensure all necessary actions are taken to close out loans and release collateral per the lender's direction. * Prepare ...

gpac

Loan Processor

Baton Rouge, LA · On-site

$14.75 - $19.50/hr

Process loan payoff requests and payments. * Monitor the loan payoff report to ensure all necessary actions are taken to close out loans and release collateral per the lender's direction. * Prepare ...

gpac

Loan Processor

Metairie, LA · On-site

$17.25 - $23/hr

Process loan payoff requests and payments. * Monitor the loan payoff report to ensure all necessary actions are taken to close out loans and release collateral per the lender's direction. * Prepare ...

gpac

Loan Processor

Alexandria, LA · On-site

$17.25 - $23/hr

Process loan payoff requests and payments. * Monitor the loan payoff report to ensure all necessary actions are taken to close out loans and release collateral per the lender's direction. * Prepare ...

Port City Nissan

Billing Clerk

Portsmouth, NH · On-site

$22 - $27/hr

This is a full-time, on-site role supporting dealership billing, titling, and payoff processes. $22-$27 per hour (DOE) Full-Time | Monday-Friday | 9:00 AM-5:00 PM Responsibilities * Bill vehicle ...

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Payoff Processor information

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How much do payoff processor jobs pay per hour?

As of Jun 27, 2026, the average hourly pay for payoff processor in the United States is $16.74, according to ZipRecruiter salary data. Most workers in this role earn between $13.46 and $19.23 per hour, depending on experience, location, and employer.

What are the typical challenges faced by a Payoff Processor, and how can they be managed effectively?

Payoff Processors often encounter challenges such as tight deadlines, handling high volumes of payoff requests, and ensuring accuracy in financial documentation. Managing these challenges effectively requires strong attention to detail, time management skills, and effective communication with lenders, borrowers, and internal teams. Proactive organization and familiarity with loan processing software can help streamline workflows and reduce errors, making the role more manageable and rewarding.

What are the key skills and qualifications needed to thrive as a Payoff Processor, and why are they important?

To thrive as a Payoff Processor, you need strong attention to detail, analytical skills, and a solid understanding of loan documentation and payoff procedures, typically supported by a high school diploma or associate degree. Familiarity with mortgage servicing software, loan origination systems, and basic office applications is essential. Excellent organizational skills, clear communication, and the ability to work under tight deadlines are valuable soft skills for this role. These abilities ensure accurate and timely processing of payoffs, minimizing errors and maintaining customer and lender satisfaction.

What is the difference between Payoff Processor vs Loan Processor?

AspectPayoff ProcessorLoan Processor
CredentialsTypically requires high school diploma or equivalent; some roles prefer financial or banking certificationsHigh school diploma or equivalent; some roles benefit from mortgage or banking certifications
Work EnvironmentFinancial institutions, mortgage companies, or banks; primarily office-basedMortgage companies, banks, or lending institutions; office-based
Job FocusCalculating and processing payoff amounts for loans, ensuring accurate and timely payoff transactionsReviewing loan applications, verifying documents, and preparing loan files for approval

While both roles operate within the financial and lending industry, a Payoff Processor specializes in managing loan payoff calculations and transactions, whereas a Loan Processor handles the review and preparation of loan applications. Understanding these differences helps clarify career paths and employer expectations in the mortgage and banking sectors.

What is a Payoff Processor?

A Payoff Processor is a financial professional who manages the processing of loan payoffs, typically in the mortgage or auto lending industry. Their main responsibilities include verifying payoff amounts, preparing and sending payoff statements, ensuring funds are properly applied, and coordinating with borrowers, lenders, and other parties to finalize the payoff process. Payoff Processors play a crucial role in ensuring loans are closed smoothly and all legal and financial obligations are met.
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What job categories do people searching Payoff Processor jobs look for? The top searched job categories for Payoff Processor jobs are:
Payoff Processor jobs near you
Infographic showing various Payoff Processor job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 95% In-person, and 5% Hybrid job distribution, with an average salary of $34,822 per year, or $16.7 per hour.

Payoff Specialist II

Planet Home Lending LLC

Meriden, CT • On-site

$18.75 - $25.50/hr

Full-time

Medical, Dental, Vision, Life, Retirement

This job post has expired today. Applications are no longer accepted.

Planet Home Lending rating

6.4

Company rating: 6.4 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

Job description

Join a winning team of innovative thinkers, seasoned mortgage professionals, and financial experts. Build your career at Planet-recognized as a Top Mortgage Employer by National Mortgage Professional.
Job Summary
The Payoff Specialist II is responsible for handling more complex tasks within the Payoff Department and resolving escalated issues. Takes the lead in new employee and ongoing training of Payoff Specialists. Ensures compliance with state, federal and investor guidelines as they relate to the Payoff Department. Ensures payoff quotes, releases and assignments are completed timely and accurately.
Essential Duties and Responsibilities
  • Prepares and records the release/discharge document in the timeframe and manner established by state law; Ensures confirmation of recording and proper notification to borrower(s).
  • Completes necessary audits to ensure payoffs, releases and assignments are being processed timely and accurately; prepares reports for management.
  • Manages training of payoff specialists.
  • Monitors work completed by vendors/outsourcers to ensure work is being processed according to requirements and agreements.
  • Documents policies and procedures and makes updates as needed.
  • Tracks and completes tasks associated with escalated issues in a timely manner. Responds to escalated inquiries and customer service requests related to the payoff process. Handles more complex items, performing research, resolving issues and communicating with internal/external clients when needed.
  • Monitors all phases of the payoff process to ensure compliance with state, federal, investor and Company guidelines.
  • Miscellaneous duties as assigned.

Position Requirements
Education
  • High school diploma or equivalent required

Experience
  • 1-3 years of mortgage loan servicing experience required

Functional/Technical Skills
  • Effective written and verbal communication skills
  • Strong organizational skills, attention to detail, and ability to handle multiple priorities
  • Effectively manages time and meets deadlines
  • Possesses strong mathematical skills
  • Ability to work in a fast-paced environment
  • Knowledge of LPS servicing system a plus
  • Experience working with Microsoft Windows applications

Environmental/Physical Demands
Work is typically performed in a standard office environment. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to sustain predictable work attendance, communicate with others, frequently required to stand, walk, sit, and use arms, hands and fingers to reach, handle or touch. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.
Pursuant to the Americans with Disabilities Act, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of all activities, duties or responsibilities that are required of an employee. The Company reserves the right to amend or modify this document at any time and without notice.
Benefits
Our benefits package includes 3 comprehensive Cigna or Kaiser medical plans, dental, and vision insurance. We provide short term and long-term disability insurance, basic life insurance, 401(k), and 11 employer paid holidays. In addition, we offer supplemental benefits to include life insurance, critical illness and accident plans.

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