Payoff Analyst
Listed on 2025-12-16
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Finance & Banking
Financial Compliance, Financial Analyst, Financial Consultant, Banking & Finance
Payoff Analyst
Full-time
DescriptionThe Payoff Analyst manages the payoff process associated with GNMA, FNMA, FHLMC, and portfolio loans within the commercial/multifamily real estate finance industry. This position performs routine accounting and legal document review tasks as a part of maintaining loan compliance standards.
Responsibilities- Track incoming payoff requests.
- Manage payoff approval process and obtain approval from investors and agencies.
- Generate and/or approve payoff statements.
- Work with internal and external parties to record mortgage releases and UCC terminations after payoff.
- Assist with audit processes and support department audit procedures.
- Manage loan document collection and/or releases.
- Ensure escrows are released to borrower or transferred as required.
- Manage internal loan document and folder maintenance.
- Minimum two years of mortgage servicing experience required with commercial/multi‑family mortgage experience preferred.
- Working knowledge of Precision LM mortgage servicing software is a plus.
- Knowledge of Ginnie Mae, Fannie Mae, and Freddie Mac reporting requirements and regulations.
- Knowledge and experience with mortgage releases and terminations a plus.
- Proficiency using MS Word, Outlook, and an extensive knowledge in Excel.
- Excellent math skills with accuracy and strong attention to detail required.
- Strong organizational skills. Able to work under and meet strict time deadlines.
- Strong verbal and written communication skills needed.
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways.
Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in‑house tax credit equity to provide a one‑stop‑shop for developers and owners. To learn more about Merchants Capital, visit
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