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Payoff Jobs (NOW HIRING)

Freddie Mac

Loan Servicing Associate

Mclean, VA

$58K - $88K/yr

The Loan Servicing/Loan Accounting Payoff Group at Freddie Mac Multifamily is seeking a Loan Servicing Associate to process payoff request for various Multifamily products. The position will be ...

Honda Motorsports

Automotive Accounting Clerk

Marysville, OH · On-site

$17 - $21.75/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Keep payoff log up-to-date and locate missing payoff packets. * Keep updated and accurate notes on each payoff. * Apply for duplicate titles when necessary. * Maintain a list of bank contacts.

Freddie Mac

Loan Servicing Associate

Mclean, VA · On-site

The Loan Servicing/Loan Accounting Payoff Group at Freddie Mac Multifamily is seeking a Loan Servicing Associate to process payoff request for various Multifamily products. The position will be ...

Northpointe Bank

Loan Servicing Specialist

Grand Rapids, MI · On-site

$25/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Process loan payments, payoff requests, check disbursements, account closures, and mortgage discharge activities * Review loan and closing documentation to accurately process payoff and satisfaction ...

Northpointe Bank

Loan Servicing Specialist

Grand Rapids, MI · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Process loan payments, payoff requests, check disbursements, account closures, and mortgage discharge activities * Review loan and closing documentation to accurately process payoff and satisfaction ...

Northpointe Bank

Loan Servicing Specialist

Grand Rapids, MI · On-site

$25/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Process loan payments, payoff requests, check disbursements, account closures, and mortgage discharge activities * Review loan and closing documentation to accurately process payoff and satisfaction ...

Citadel

Loan Administration Manager

West Chester, PA

Oversee loan payoff calculations and ensure accurate payoff statements are issued. * Ensure timely processing of lien satisfactions and collateral releases upon loan payoff. * Manage the preparation ...

Valley Bank

Customer Service Rep - Mortgage Services

Wayne, NJ · On-site

$15.75 - $21.50/hr

... payoff requests, and general loan inquiries/information. * Assist the Payoff/Satisfaction Department in the preparation of payoff statements for borrowers, settlement agents and VNB Closing ...

Valley Bank

Customer Service Rep - Mortgage Services

Wayne, NJ · On-site

$15.75 - $21.50/hr

... payoff requests, and general loan inquiries/information. * Assist the Payoff/Satisfaction Department in the preparation of payoff statements for borrowers, settlement agents and VNB Closing ...

Citadel

Loan Administration Manager

West Chester, PA · On-site

Oversee loan payoff calculations and ensure accurate payoff statements are issued. * Ensure timely processing of lien satisfactions and collateral releases upon loan payoff. * Manage the preparation ...

JobTracks

Operations Support Team

Philadelphia, PA · On-site

$52K - $69K/yr

Payoff Clerk Job Responsibilities : * Input payoffs * Uploading payoffs into workflow * Balance files receipting monies into correct files * Pay taxes, input short sale payoffs and faxing final ...

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All JobsPayoff Jobs

Payoff information

See salary details

$55K

$73.9K

$87K

How much do payoff jobs pay per year?

As of Aug 15, 2026, the average yearly pay for payoff in the United States is $73,897.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,500.00 and $77,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a payoff specialist?

To thrive as a Payoff Specialist, you need a strong understanding of loan processing, financial documentation, and attention to detail, typically supported by experience in banking or mortgage operations. Familiarity with loan servicing software, payment processing systems, and occasionally certification in mortgage processing tools is highly beneficial. Excellent organizational skills, effective communication, and problem-solving abilities help you stand out in this role. These skills are crucial for ensuring the accuracy and timeliness of loan payoffs, which directly impacts customer satisfaction and regulatory compliance.

What is a payoff specialist?

Payoff Specialists are professionals who manage the process of closing out loans by calculating the remaining balance, ensuring all necessary documentation is completed, and coordinating with borrowers and financial institutions to finalize payments. They often work in banking, mortgage, or auto finance industries and play a critical role in ensuring loans are paid off accurately and efficiently. Their responsibilities may also include verifying payoff amounts, preparing payoff statements, and processing lien releases once loans are settled.

What is the difference between Payoff vs Loan Officer?

AspectPayoffLoan Officer
CredentialsTypically requires financial or mortgage licensing, certifications varyRequires mortgage or financial licenses, certifications like NMLS
Work EnvironmentFinancial institutions, mortgage companies, online platformsBanks, credit unions, mortgage companies, retail settings
Industry UsageUsed in mortgage and loan repayment contextsUsed in loan origination and approval processes

Payoff and Loan Officer roles often overlap in the mortgage and lending industry. While Payoff specialists focus on loan repayment strategies and refinancing options, Loan Officers handle the application and approval process for new loans. Both require financial licensing and work within similar environments, but their primary functions differ—Payoff emphasizes managing existing loans, whereas Loan Officers originate new loans.

What are some common challenges faced by professionals working in payoff departments within finance or mortgage companies?

Professionals in payoff departments often manage time-sensitive requests for loan payoffs, which requires attention to detail and the ability to work efficiently under pressure. A frequent challenge is coordinating with multiple stakeholders, such as borrowers, lenders, and title companies, to ensure accurate and timely processing of payoff statements. They must also stay updated on regulatory requirements and internal policies, as errors can lead to costly delays. Strong communication and organizational skills are essential to succeed in this collaborative, fast-paced environment.
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What states have the most Payoff jobs?

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Payoff jobs near you
Infographic showing various Payoff job openings in the United States as of August 2026, with employment types broken down into 95% Full Time, 4% Part Time, and 1% Contract. Highlights an 92% Physical, 4% Hybrid, and 4% Remote job distribution, with an average salary of $73,897 per year, or $35.5 per hour.

Automotive Accounting Clerk

Performance Columbus Family of Dealerships

Marysville, OH • On-site

$17 - $21.75/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 5 days ago

Job description

Performance Columbus has an immediate opening for an Accounting Clerk. We are a multi-brand, high-volume automotive dealership group in Central Ohio.
The ideal candidate will have prior experience working in a high-paced office environment, with previous automotive accounting experience preferred. And must be able to complete tasks independently and support office management staff as directed.
  • Flexible Hours
  • Hourly Rate Is "Experienced Based"
  • This Position is Full-Time

Why Choose a Career Performance Automotive Network?
  • Performance Automotive offers careers, not jobs
  • Family owned and operated for over 50-Years
  • Very competitive compensation based on experience and education
  • Long history of promoting from within our organization
  • Employee Benefits:
    • 401k - With Aggressive Company Match!
    • Medical insurance
    • HSA and/or FSA plans
    • Dental care
    • Vision coverage
    • Short term disability
    • Long term disability
    • Life insurance
    • Grief counseling
    • Living will preparation
    • Paid time off
    • Generous employee discounts on vehicles, parts and services

Requirements
Accounting Clerk responsibilities:
  • Mail vehicle payoffs to banks daily.
  • Follow up on payoffs to make sure they are cashed within 10 business days.
  • Follow up with bank on titles and lien releases.
  • Ensure that paperwork in payoff packets are correct and completed in its entirety.
  • Keep payoff log up-to-date and locate missing payoff packets.
  • Keep updated and accurate notes on each payoff.
  • Apply for duplicate titles when necessary.
  • Maintain a list of bank contacts.
  • Process payoff shortage checks.

Qualifications:
  • Possess a comprehensive understanding of general ledger accounts and be able to post documents accurately
  • Ability to reconcile accounts
  • Capable of staying organized and work efficiently
  • Previous automotive accounting experience is preferred
  • Proficiency with Microsoft Outlook and Excel
  • Be relied upon to work independently
  • Hold a valid driver's license with a good driving record
  • Substance screening is required of all Performance Automotive Network employees

Apply