Lending Automation That Actually Works
AI-powered automation for loan servicing teams who are tired of manual payoff calculations, document hunting, and 40-minute turnaround times.
The Lending Operations Bottleneck
Your servicing team is drowning in manual processes that shouldn't exist in 2026
40-50 Minutes Per Payoff
Your team spends nearly an hour on each payoff request, manually hunting for documents, reading contracts, and calculating complex amortizations.
500 payoffs/month = 333 hours wasted
Document Archeology
Searching SharePoint folders, multiple systems, and email threads just to find the original loan agreement.
15-20 minutes lost per request
Manual Calculations
Spreadsheets, calculators, and mental math to figure out prepayment penalties, per diem interest, and balloon payments.
High error rate, constant rechecks
Complex Contract Terms
Variable rates, step payments, yield maintenance premiums, tiered penalties buried in 40-page agreements.
Easy to miss critical terms
Servicing System Limitations
Your core system doesn't handle complex payoffs. You're manually pulling data and supplementing with outside calculations.
Dual data entry, reconciliation headaches
Customer Frustration
Borrowers expect instant quotes. They're getting "we'll get back to you in 24-48 hours."
Poor customer experience
Complete Lending Automation in 2 Minutes
PayoffAgent automates your entire payoff workflow from document retrieval to letter generation
Automatic Document Retrieval
Connect your SharePoint, Google Drive, or document management system. PayoffAgent automatically retrieves the loan agreement when you enter the loan ID.
- API integration with major DMS platforms
- Intelligent file search and matching
- No more manual hunting
- Works with your existing folder structure
AI-Powered Term Extraction
Advanced AI reads the entire loan agreement and extracts all critical terms: principal, interest rate, payment schedule, prepayment penalties, fees, and day count conventions.
- Handles complex variable rates
- Identifies step payment schedules
- Extracts tiered prepayment penalties
- Finds hidden fees in fine print
- Understands EFAs, loans, and leases
Servicing Data Integration
Pulls current servicing data from your platform: payments made, outstanding fees, unpaid interest. Or enter manually in seconds.
- API integration with major servicing systems
- Manual override for flexibility
- Real-time balance verification
- Handles off-system adjustments
Instant Payoff Calculation
Performs complex calculations in milliseconds: amortization schedules, per diem interest, prepayment penalties, balloon payments, and all fees.
- Accurate to the penny
- Correct day count conventions (30/360, Actual/365, etc.)
- Handles variable rates and step payments
- Transparent breakdown for verification
Professional Letter Generation
Automatically generates a professional payoff letter with your branding, complete with wire instructions and legal disclaimers.
- Customizable templates
- Automatic PDF generation
- Detailed calculation breakdown
- Ready to email to borrower
Auto-Save to SharePoint
Saves the payoff letter back to SharePoint with smart naming and searchable metadata for instant retrieval.
- Organized folder structure
- Searchable by loan ID, date, borrower
- Audit trail maintained
- Version control
Total Time Saved: 40-50 Minutes → 2 Minutes
That's a 95% reduction in processing time
500 payoffs/month × 45 minutes saved = 375 hours back to your team monthly
Calculate Your ROI
How much is manual payoff processing costing your organization?
Current State (Manual)
With PayoffAgent
Built for Your Industry
PayoffAgent understands the unique challenges of each lending vertical
Equipment Finance
- •Complex EFA structures
- •Variable rates with SOFR
- •Step payment schedules
- •Balloon payments
- •Yield maintenance premiums
Commercial Banking
- •Large loan portfolios
- •Multiple origination systems
- •Legacy servicing platforms
- •High compliance requirements
- •Customer self-service demands
Credit Unions
- •Member service expectations
- •Limited IT resources
- •Manual processes
- •Small servicing teams
- •Cost efficiency focus
Auto Finance
- •High volume payoffs
- •Dealer buyouts
- •Trade-in quotes
- •Simple interest calculations
- •Fast turnaround requirements
Mortgage Servicing
- •Complex escrow calculations
- •Principal curtailments
- •Refinance payoffs
- •RESPA compliance
- •Good faith estimates
Business Lending
- •Working capital loans
- •Lines of credit
- •Merchant cash advances
- •Daily/weekly payments
- •Factor rates vs. APR
Integrates with Your Existing Systems
No rip-and-replace. PayoffAgent works alongside your current technology stack.
Document Management
- SharePoint
- Google Drive
- Box
- Dropbox
- OneDrive
Loan Servicing
- Nortridge
- ISGN
- Fiserv
- Black Knight
- Turnkey
Core Banking
- Jack Henry
- Fiserv DNA
- Temenos
- FIS
- Oracle
Origination
- Encompass
- LeaseWave
- nCino
- Baker Hill
- Sopra
Don't see your system? We build custom integrations.
Discuss IntegrationEnterprise-Grade Security & Compliance
Built for financial institutions with the highest security standards
SOC 2 Type II
Comprehensive security audit and compliance certification
Bank-Level Encryption
AES-256 encryption at rest and TLS 1.3 in transit
SSO & MFA
SAML 2.0 single sign-on with multi-factor authentication
Audit Trails
Complete activity logging for compliance and forensics
Data Residency
Choose your data location for compliance requirements
Regular Pen Testing
Third-party security assessments quarterly
GLBA Compliant
Meets Gramm-Leach-Bliley Act requirements
ISO 27001
International security management standards
Ready to Eliminate 95% of Manual Payoff Work?
Join leading lenders who have transformed their servicing operations with PayoffAgent
No credit card required • See results in 5 minutes • Free trial available