ZipRecruiter

Log In

1

Payoff Processor Jobs (NOW HIRING)

SFMC Home Lending

Loan Processor (Remote)

Plano, TX · Remote

$37K - $51K/yr

The Loan Processor will audit loan applications using the Loan Officer Checklist for completeness ... payoff statement, submitting complete loan files to underwriting for loan approval, reviewing and ...

First Business Bank

Loan Processing Associate

Madison, WI · Hybrid

$19 - $25.25/hr

... payoff statements, and completing credit verifications. The Commercial Loan Processor monitors and follows up on monthly tickler reports and loan-related exceptions to ensure timely resolution and ...

Upstart

Senior Loan Processor, Auto

Columbus, OH · On-site

Review and process auto lending applications with accuracy, efficiency, and adherence to ... Verify customer income, insurance documentation, payoff quotes, and other application materials to ...

First Business Bank

Loan Processing Associate III

Leawood, KS · Hybrid

$18.25 - $24.25/hr

... payoff statements, and completing credit verifications. The Commercial Loan Processor monitors and follows up on monthly tickler reports and loan-related exceptions to ensure timely resolution and ...

Schoolsfirstfcu

Consumer Loan Processor II

Tustin, CA

$20 - $25/hr

Consumer Loan Processor II The pay range for this position is listed below. Our pay ranges are ... Disburses loan proceeds to Members, and handles all direct payments for loan payoff requests.

Hometap

National Title and Escrow Processor

Denver, CO · On-site

$50K - $60K/yr

... and payoff demands, meticulously reviewing executed closing files, and preparing and submitting ... Process title orders, which includes (but is not limited to) opening orders, ordering title search ...

PDP Group, Inc.

Title Processor III

Baltimore, MD · On-site

$18.75/hr

The Title Processor III (Administrative) is responsible for processing automobile title documents for lease payoff along with following the release instructions provided by the client. This position ...

hutchens

Foreclosure - Billing - Processor

Fayetteville, NC

$17.75 - $24/hr

As Billing Processor in our Foreclosure department, you will provide support to our attorneys as ... Calculate reinstatement and payoff figures provided by the mortgage company to include our fees and ...

next page

Showing results 1-20

All JobsPayoff Processor Jobs

Payoff Processor information

See salary details

$8

$16

$25

How much do payoff processor jobs pay per hour?

As of Jul 18, 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 jobs pay 4000 a week without a degree?

Payoff processors typically do not earn $4,000 weekly without specialized training or experience. High-paying roles that can reach this level without a degree are rare and often involve sales, entrepreneurship, or skilled trades such as real estate agents, certain sales managers, or independent contractors. Success in these roles depends on skills, performance, and market conditions.

Will MLO be replaced by AI?

As a mortgage loan originator (MLO), AI technology can automate certain tasks like data entry and document processing, but it is unlikely to fully replace the role. MLOs rely on interpersonal skills, industry knowledge, and regulatory compliance, which are difficult for AI to replicate completely. AI tools are more likely to serve as support to improve efficiency rather than replace the profession entirely.

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.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 on a $500,000 loan. Compensation can also include a base salary plus bonuses, depending on the employer and location. Skills in sales and knowledge of lending regulations can impact earnings.

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.

Do MLOs make good money?

Payoff processors typically earn a median annual salary ranging from $40,000 to $60,000, depending on experience and location. Advancement opportunities and certifications can lead to higher earnings in this role, which often involves handling loan payoff calculations and working with financial data. Overall, payoffs processors can have a stable income, but earnings vary based on factors like industry and employer size.

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:
Payoff Processor jobs near you
Infographic showing various Payoff Processor job openings in the United States as of July 2026, with employment types broken down into 90% Full Time, and 10% Part Time. Highlights an 70% In-person, 25% Hybrid, and 5% Remote job distribution, with an average salary of $34,822 per year, or $16.7 per hour.

Automotive Biller

Graff Chevrolet of Chesterton

Burns Harbor, IN

$16.75 - $23/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 6 days ago

Job description

Automotive Biller (Deal Biller) – Graff Chevrolet of Chesterton/Graff Kia of Chesterton

Location: Burns Harbor/Chesterton, IN (Graff Auto Campus)

Graff Chevrolet and Graff Kia of Chesterton is looking for a detail-driven Automotive Biller to join our business office team. This role is critical to keeping our dealership running smoothly—billing deals accurately, ensuring timely funding, and maintaining clean, compliant records. If you take pride in precision, love closing the loop on a deal, and enjoy working with sales/F&I/accounting as one team, you’ll fit right in.

What You’ll Do

Bill & Fund Vehicle Deals

  • Bill all new, used, wholesale, and dealer trade transactions accurately and on time

  • Review deal jackets for completeness and accuracy (buyer’s orders, contracts, payoff docs, incentives, stips, etc.)

  • Post deals into the DMS and monitor contracts in transit (CIT) to ensure timely funding

  • Coordinate with lenders and F&I to resolve funding issues quickly

Title & Registration Support

  • Prepare and process title work and maintain clear status tracking

  • Ensure lien perfection and proper documentation for trade-ins/wholesale deals

  • Help keep title work moving—no surprises, no delays

Accounting Accuracy & Compliance

  • Reconcile schedules related to CIT, receivables, payoffs, incentives, and rebates

  • Follow internal controls and Graff accounting procedures

  • Support internal audits and ensure deal documentation aligns with manufacturer/state/federal requirements

Cross-Department Communication

  • Partner daily with Sales and F&I to fix discrepancies and prevent re-contracting

  • Provide reporting/updates to management on billed, funded, pending, and problem deals

  • Assist the Office Manager with additional accounting tasks as needed

What We’re Looking For

  • Dealership billing / automotive accounting experience strongly preferred

  • Strong knowledge of a dealership DMS (experience with any major DMS is a plus)

  • High attention to detail and the ability to manage multiple deadlines

  • Solid understanding of title, registration, and payoff processes

  • Strong communicator who can work confidently across departments

  • A “do it right” mindset—accuracy and compliance matter here

Benefits & Perks

  • Competitive compensation based on experience

  • Health, dental, and vision insurance

  • 401(k) with company match

  • Paid time off and paid holidays

  • Growth opportunities within the Graff Automotive Group

Why Graff Chevrolet and Graff Kia of Chesterton

Graff Automotive has been serving customers since 1914, built on a simple belief: treat employees like family so they can treat guests the same way. Our vision is to “positively change the way our community views the dealership experience,” and we live by a straightforward standard: Do what is right.

Apply