Payment Processing Specialist
Job Details
Contemporary Staffing Solutions is seeking a Payoff Processor to join our client to support the accurate processing and reconciliation of mortgage payoff transactions. This individual will play a vital role in managing incoming payments, ensuring loans are paid off accurately, and maintaining compliance with investor and internal standards. The ideal candidate is detail-oriented, highly organized, and thrives in a fast-paced, deadline-driven environment where accuracy and collaboration are key to maintaining financial integrity.
- Process and reconcile mortgage payoff transactions, ensuring all payments are applied accurately and in compliance with investor and internal servicing standards.
- Review, balance, and deposit all payoff-related checks and wire payments, maintaining alignment with general ledger and accounting requirements.
- Partner with attorneys, title companies, and borrowers to resolve payoff discrepancies, short funds, or account exceptions in a timely and professional manner.
- Monitor and manage daily reports for paid-in-full loans, escrow disbursements, and final escrow refunds to ensure funds are released appropriately.
- Collaborate with internal departments such as Investor Reporting, Default, and Payment Processing to maintain seamless coordination across teams.
- Support audit and compliance standards by ensuring all documentation, reconciliations, and records are accurate and complete.
- Contribute to department projects and assist in training team members on system updates and reporting procedures.
- No prior experience is needed
- 401(k)
- Paid time off
- Vision insurance
- Health savings account
- Dental insurance
- Flexible spending account
- Disability insurance
- Full-time
- Part-time
- $23 – $26 an hour