Payoff Processor II

Cenlar FSB

📍 Ewing Township, New Jersey, United States

Regular (Full-Time) Financial Clerks

Job Description

Location Requirement: Ewing, NJ (Cenlar Office)
Please note that this position is based at our Ewing, NJ Cenlar location. The role requires on-site presence for 4 days per week. When applying, kindly ensure that you are local to this site and/or able to commute reliably

The Payoff Processor is responsible for analyzing mortgage payments received from borrowers, or third parties, determine whether the payment is sufficient to payoff the mortgage loan balance and apply payoff where applicable. Responsible for depositing checks to the Federal Reserve Bank. 

Responsibilities:

  • Accurately inputs of all data to generate payoff statements in a timely manner according to the requestors instructions, following all pertinent and relative client or investor rules
  • Posts and reconciles payoff transactions received from all sources: checks, wire, branch feeds including GL accounts as instructed by internal departments