Transform your commercial lending operations with AI-powered payoff automation. Process payoffs in 2 minutes instead of 40-50 minutes.
Commercial loan officers spend 40-50 minutes per payoff request, manually reading loan agreements, calculating interest using spreadsheets, and creating payoff letters.
Day count conventions (30/360 vs Actual/365), prepayment penalties, and accrued interest calculations are prone to human error, leading to customer disputes.
Variable rates (SOFR-based), balloon payments, step payment schedules, and yield maintenance prepayment penalties require sophisticated calculations.
Regulators demand complete audit trails, accurate documentation, and consistent methodology across all payoff calculations.
Upload loan agreements or connect to your document management system. Our AI automatically extracts all terms: principal, interest rates (fixed & SOFR-based), payment schedules, prepayment penalties, fees, and day count conventions.
Enter servicing data (payments made, outstanding fees) and payoff date. Our engine calculates current principal via amortization, accrued interest using correct day count, prepayment penalties, and all applicable fees.
Generate bank-branded payoff letters with detailed breakdowns, assumptions, and payment instructions. Download as PDF and email to borrowers instantly.
95% Time Savings = More Loans, Happier Customers
Handles variable rates (SOFR + spread), balloon payments, step payment schedules, yield maintenance, and tiered prepayment penalties.
SOC 2 compliant infrastructure, row-level security, encrypted data storage, and complete audit trails for regulatory compliance.
Connect directly to your document management system for automatic loan agreement retrieval. No manual uploads needed.
Process multiple payoff requests simultaneously. Perfect for refinance surges or portfolio sales.
Every calculation logged with timestamps, user information, source documents, and calculation methodology for compliance.
API integration with your loan origination system for seamless data flow and automated workflows.
Automate SBA loans, business term loans, and commercial lines of credit.
Learn More →End-to-end automation for commercial lending operations.
Learn More →Streamline mortgage payoffs for refinances and property sales.
Learn More →Join leading commercial banks using PayoffAgent to save time, reduce errors, and improve customer service.
No credit card required • 30-day free trial • Implementation support included