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Payoff And Special Loans Manager

United States, Chicago Employment contract 90000.00 - 95000.00 USD / Year · Job Posted June 15, 2026
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Job Description

The #1 thing on everyone's mind right now: 'Where can I find a fresh start?'. NOTE: This position is a career-fast-track opportunity. Whoever fills this role is expected to be promoted quickly.

Job Responsibility

  • Ensure compliance with all applicable federal and state servicing regulations related to payoff processing, lien releases, mortgage satisfactions, reconveyances, ARM notifications, loan modifications, and borrower communications
  • Ensure payoff statements are generated accurately and within required regulatory, client, investor, and company service level standards
  • Ensure timely preparation, execution, recording, and delivery of mortgage satisfactions, reconveyances, lien releases, and related collateral release documents. Monitor state-specific recording requirements and ensure compliance with statutory timelines
  • Ensure compliance with investor, insurer, agency, and client servicing requirements applicable to assigned servicing portfolios
  • Interpret and implement client-specific servicing requirements and operational procedures
  • Coordinate and support internal audits, external audits, client reviews, regulatory examinations, and quality control initiatives
  • Manage relationships with recording vendors, title companies, document custodians, and other third-party providers to ensure service quality and compliance
  • Establish quality control procedures to ensure payoff calculations, fee assessments, escrow balances, and payoff instructions are accurate and compliant with applicable requirements
  • Oversee payoff suspense account management and reconciliation processes to ensure accurate and timely application of payoff funds
  • Oversee the processing and quality review of loan modifications, subordinations, assumptions, recasts, and other special loan transactions
  • Utilize servicing system reporting and operational analytics to monitor productivity, service levels, exception trends, quality metrics, and risk indicators
  • Monitors the Residency Verification/Borrower Affidavits process
  • Monitor UCC filing and/or Renewal Maintenance

Requirements

  • 5+ years broad Mortgage Servicing experience with specific expertise in Mortgage Payoff and Collateral satisfaction experience
  • Exposure to ARM administration would be ideal
  • Leadership – They will be hiring 4 people immediately that this position will manage
  • Process improvement
  • Increase use of technology and process efficiency
  • Collaboration with other teams in the company
  • Experience with MSP, Black Knight Mortgage servicing system
  • General understanding of Mortgage Loan Compliance

Nice to have

Exposure to ARM administration

What we offer

  • medical
  • vision
  • dental
  • life insurance
  • disability insurance
  • 401(k) plan
  • bonus

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