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Payoff Processor Jobs (NOW HIRING)

As a Senior Loan Processor, Auto at Upstart, you will review and verify applications that require ... Verify customer income, insurance documentation, payoff quotes, and other application materials to ...

Loan Underwriter/Processor

Evans, GA · On-site

$15.75 - $21.25/hr

Daily floorplan credit review for newly added orders that are not processed through API. * Daily ... Daily submission of payoff requests for new fleet transactions from Sales staff. * Proactive ...

Loan Processor

El Dorado, AR · On-site

$16.75 - $22.25/hr

Description First Financial Bank has an immediate opening for a Loan Processor at the Corporate ... Send payoffs to offices - keep up with pre-payment penalties and notify SBA of payoff. Send all ...

New

RE Loan Processor I

Gainesville, TX · On-site

$17 - $22.75/hr

Various clerical duties including: answering phone calls, file maintenance, scanning files (loan documents, financials and appraisals, etc.), processing payoff proceeds and processing paid loan ...

Loan Processor

Gilbert, AZ · On-site

$45K - $55K/yr

... payoff requests, collections, reconveyances, and construction draw administration. Qualifications * Minimum two years of loan processing experience, preferably in private lending, hard money, or ...

Showing results 41-60

Payoff Processor information

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$8

$16

$25

How much do payoff processor jobs pay per hour?

As of Aug 7, 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.
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:
Infographic showing various Payoff Processor job openings in the United States as of August 2026, with employment types broken down into 79% Full Time, 13% Part Time, 1% Temporary, 6% Contract, and 1% Nights. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $34,822 per year, or $16.7 per hour.

Collateral & Member Records Team Lead 5204

Keesler Federal Credit Union

Biloxi, MS • On-site

$25.96/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago


Keesler Federal Credit Union rating

8.3

Company rating: 8.3 out of 10

Based on 9 frontline employees who took The Breakroom Quiz


Job description

JOIN THE KEESLER FEDERAL CREDIT UNION TEAM!

Keesler Federal Credit Union team members enjoy competitive salaries and a wide range of benefits, some of which include:

  • Medical, dental, and vision insurance
  • Section 125 Flexible Spending Accounts for Health Care and Dependent Care expenses
  • Employee and Dependent Life Insurance
  • 401(k) Retirement Plan with 100% match on the first 5% contributed by you
  • Paid Leave
  • Tuition Reimbursement and Competitive Scholarships
  • Short-Term & Long-Term Disability Benefits
  • Employee Assistance Program 

WE CURRENTLY DO NOT SPONSOR WORK RELATED VISAS  

Position:          Collateral and Member Records Team Lead

Department:  Member Records  

Reports to:      Collateral & Records Manager

FLSA:                 Non-Exempt                                                               Grade:  10

SUMMARY

Lead and coach member records team members and title team members to ensure they are performing their daily function in an accurate, timely, and efficient manner. Performs all necessary functions of the Member Records, loan payoff processing, and title release activities. Actively promote quality service to CU membership. Responds to questions, concerns, and complaints within scopt of authority. Assists with quality assurance, monitoring, evaluating, and training of staff.

SUPERVISORY RESPONSIBILITIES

Performs supervisory duties in accordance with the credit union's policies and procedures and all applicable federal, state, and local laws. Responsibilities include participating in the recruitment, interview, selection, and onboarding of employees; providing training and development; planning, assigning, and overseeing work; evaluating performance; coaching and counseling employees; administering recognition and corrective actions as appropriate; responding to employee concerns and supporting issue resolution; and supporting employment actions such as promotion, transfer, demotion, or separation in accordance with established policies and legal requirements.

ESSENTIAL FUNCTIONS

  • Ensures performance of all duties related to the various functions of the department are completed accurately and timely, and under the guidelines of all pertinent company policy, laws
  • Responsible for ensuring that quality of service standards are met by monitoring activities
  • Ensures problems or complaints are resolved quickly
  • Authorizes exceptions to policy or procedures when circumstances warrant, and deviation is justified within scope of authority
  • Prepare and update  department procedures.
  • Responsible for management reporting around key production indicators and key performance indicators
  • Monitors daily operations related to title reports, loan payoff processing, and title release activities
  • Serves as the Subject matter expert for member records, loan payoff, title release projects/initiatives
  • Serves as backup to the junior member records team
  • Serves as backup for the Managers.
  • Serves as the liaison for other business units regarding member records inquiries
  • Monitor the department reports to ensure all reports are completed and exceptions get resolved in a timely manner
  • Responsible for safeguarding the drilled safe box inventory and the auction of said inventory when applicable
  • Overseas the equipment and supplies inventory
  • Stays abreast of industry changes that affect the outside vendor software systems that are utilized and necessary for the completion of daily work
  • Responsible for compliance with all Federal regulations including Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC)

Other Duties and Responsibilities:

  • Other duties as assigned
  • Travel may be required up to 10%

Knowledge & Skills:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skills and/or abilities required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

  • A high school diploma or GED required. 

Experience and Other Requirements: 

  • 1-3 years of Financial Industry preferred
  • 1-3 years of supervisory/leadership experience preferred
  • 1-2 years Collateral Management experience preferred.
  • Proven ability to process titles and UCC filings in each state that KFCU does loans with minimal assistance.
  • Proven ability to solve problems
  • Great accuracy and attention to detail required.

Interpersonal Skills:

Demonstrates the ability to interact professionally and respectfully with members, coworkers, and external partners. Communicates information clearly and effectively, both verbally and in writing, and listens attentively to understand questions or concerns. Maintains a courteous, cooperative, and service-oriented approach in a variety of work situations, including those involving differing perspectives or needs. Builds positive working relationships and contributes to a collaborative, inclusive, and member-focused environment.

Computer Skills:

  • Proficient in the use of computers and standard office technology, including Microsoft Office applications (Word, Excel, Outlook, and Teams).

Certificates, Licenses and Registrations:

None required.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an individual to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the individual is regularly required to sit, stand and walk; stoop, crouch, kneel, or bend at waist; use hands to finger, handle, feel or grasp; reach with hands and arms; and talk and hear.  The employee is occasionally required to lift and/or move up to 10 pounds.  

WORK ENVIRONMENT

The work environment characteristics described here are representative of those that must be met by an individual to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Extensive use of desktop computer is required.  The noise level is that of a normal office environment.  

DECLARATION

The Human Resources department retains the sole right and discretion to make changes to this job description.

#HPIND


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