Process refinance payoffs, home sales, and HELOC closures in 2 minutes instead of 60+. Perfect for mortgage servicers, banks, and credit unions.
Mortgage servicers process hundreds of payoffs daily during refi booms. Title companies demand quick turnaround. Manual processing creates bottlenecks and frustrated customers.
Principal, per-diem interest, escrow balances, PMI refunds, prepayment penalties, late fees, and recording fees. One error delays closing and costs thousands.
First mortgages, seconds, HELOCs, reverse mortgages, and construction loans all have different calculation methods and requirements.
CFPB regulations, RESPA requirements, and state-specific rules demand accurate disclosures and complete audit trails.
Pull loan details from your servicing platform or upload the note. AI extracts all terms: principal, interest rate, payment schedule, escrow requirements, and prepayment clauses.
Calculate to-the-penny accuracy: current principal via amortization, per-diem interest (Actual/365), escrow balance, PMI refund, prepayment penalty, and all fees.
Generate payoff statements with all required disclosures, good-through dates, per-diem amounts, and payment instructions. Fax, email, or portal delivery.
Per payoff: Pull file, calculate, review, create letter, deliver
Enter loan #, review, send. Everything else automated.
30x Faster + Zero Calculation Errors
First mortgages, seconds, HELOCs, reverse mortgages, and construction loans.
Automatically calculate escrow balances and required disbursements.
Clearly state payoff expiration and per-diem interest amounts.
Meet all federal and state disclosure requirements automatically.
Send payoffs via borrower's preferred method instantly.
Works with your existing loan servicing system.
When rates drop, payoff requests surge 10x overnight. Manual processing can't keep up. PayoffAgent scales instantly.
Example: Mid-Size Servicer
500 loans/day during refi boom
Manual: 500 hours/day = 62 FTEs needed
With PayoffAgent: 17 hours/day = 3 FTEs
Title companies need payoffs for home sales. Delays cost thousands. Provide instant quotes and beat competitors.
Competitive Advantage
Industry average: 24-48 hour turnaround
Your competition: Same day (4-6 hours)
With PayoffAgent: 2 minutes = Win deals
Variable rate HELOCs require daily interest recalculations. Outstanding draws, unused credit, and fees complicate payoffs.
HELOC Complexity Handled
Current balance + outstanding draws
Variable rate per-diem calculations
Early closure penalties (if any)
Second mortgages and piggyback loans paid off during refinancing or home sales. Coordination with first lien holder critical.
Streamlined Coordination
Generate payoffs matching first lien timing
Same-day delivery to title companies
Avoid closing delays = Happy borrowers
Refinances, sales, HELOCs
Fully loaded servicing staff cost
Plus: Faster closings, happier borrowers, competitive advantage
Join leading mortgage servicers saving $200K+ annually with PayoffAgent.
Enterprise support • Custom integration • White-label available