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Payoff Processor Jobs (NOW HIRING)

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

Shreveport, LA

$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

Plaquemine, LA

$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

$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

$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

Alexandria, LA

$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

Prairieville, LA

$17 - $22.75/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

Metairie, LA

$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 ...

Ameris

Loan Servicing Specialist

Atlanta, GA · On-site

This position also includes reviewing new, refinanced, and modified loans onto Core System, processing loan maintenance requests, exception item processing, process payoff requests, and review and ...

Star Bank

Loan Operations Processor

Maple Lake, MN · On-site

$22 - $27/hr

Processes loan payoff requests, loan payoffs, and loan payments. * Monitors the loan payoff report to ensure all necessary steps are completed for proper loan closure. Releases any loan collateral as ...

Robert Half

Loan Service Specialist

Lacey, WA · On-site

$26.60 - $30.80/hr

... payoff processing, and lien release procedures. • Ability to manage account adjustments, recovery activity, and charge-off related documentation with accuracy. • Strong written and verbal ...

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How much do payoff processor jobs pay per hour?

As of Jun 1, 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 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 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 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.

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.

More about Payoff Processor jobs
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
Loan Processor

Loan Processor

gpac

Bossier City, LA • On-site

$14.25 - $18.75/hr

Other

Posted 28 days ago

Job description

Job Description
LOAN PROCESSOR
Loan Processor
A local community bank is looking for a Loan Processor with experience in Commercial, Consumer, and mortgage loans. This position can be fully remote.
This role demands a strong understanding of banking regulations, especially in the lending sector. You will be responsible for processing loan requests efficiently and accurately, including conducting credit investigations, preparing documents, and onboarding loans. Additionally, you will support the Loan Department with various tasks and special projects related to both new and existing loan customers.
Responsibilities:
  • Provide comprehensive support to the Loan Department in managing customer loans. Tasks include running credit reports, retrieving flood determinations, ordering appraisals and title work, and conducting account research as needed.
  • Assist lending officers with the preparation of pre-funding documents, HMDA data collection, loan documentation checklists, and utilizing external resources like the Military Lending Account and Geocoding to ensure proper loan package submissions to the Loan Processing department.
  • Ensure proper preparation of loan disbursement entries (such as cashier’s checks, deposits, and wire transfers) on the signing date, in line with instructions from the Lender.
  • Process payments to third-party vendors, including appraisers, insurance companies, and title insurers.
  • Manage collateral perfection duties, such as recording mortgages, UCCs, CNS filings, and managing titled units.
  • Oversee and maintain loan files for customers.
  • Monitor and update the loan system to ensure customer financial data is current and that collateral is secured. Key items tracked include mortgages, title policies, UCC filings, lien cards, collateral insurance, customer financial statements, and more.
  • Handle document imaging for complete loan files.
  • 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 routine letters, reports, and forms.
  • Offer support across all areas of the office as needed.
  • Provide excellent customer service for inquiries related to customer deposit account balances, loan balances, and payoff requests.
  • Maintain adequate supplies in the loan support area, including refilling copiers, fax machines, and printers, and ensuring the relevance of marketing materials and publications in customer access areas and the bank lobby.
  • Generate adverse action notices when required and maintain existing loans within the iCore system.
Qualifications:
  • Keep updated on banking regulations and industry standards.
  • Proficient with LaserPro, the bank’s loan processing software.
  • Familiar with the operational functions of the iCore system.
  • Detail-oriented with a high level of accuracy.
  • Strong problem-solving and critical thinking skills.
  • Ability to identify and resolve system errors.
  • Mathematical aptitude and the capability to perform calculations as needed.
  • Attend department meetings and training sessions as required.
  • High School Diploma.

*For consideration, please send your resume in confidence to wendy.hicks@gogpac.com or call 605-403-5157
All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.
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About GPAC

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GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.

Industry

Recruiting and staffing services

Company size

51 - 200 Employees

Headquarters location

Sioux Falls, SD, US

Year founded

1990

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