Commercial Bank Loan Payoff Automation
Transform your commercial lending operations with AI-powered payoff automation. Process payoffs in 2 minutes instead of 40-50 minutes.
Challenges Facing Commercial Banks Today
Manual Processing Bottleneck
Commercial loan officers spend 40-50 minutes per payoff request, manually reading loan agreements, calculating interest using spreadsheets, and creating payoff letters.
Calculation Errors
Day count conventions (30/360 vs Actual/365), prepayment penalties, and accrued interest calculations are prone to human error, leading to customer disputes.
Complex Commercial Structures
Variable rates (SOFR-based), balloon payments, step payment schedules, and yield maintenance prepayment penalties require sophisticated calculations.
Compliance & Audit Pressure
Regulators demand complete audit trails, accurate documentation, and consistent methodology across all payoff calculations.
How PayoffAgent Transforms Commercial Banking
AI Document Extraction
Upload loan agreements or connect to your document management system. Our AI automatically extracts all terms: principal, interest rates (fixed & SOFR-based), payment schedules, prepayment penalties, fees, and day count conventions.
Accurate Calculation Engine
Enter servicing data (payments made, outstanding fees) and payoff date. Our engine calculates current principal via amortization, accrued interest using correct day count, prepayment penalties, and all applicable fees.
Professional Payoff Letters
Generate bank-branded payoff letters with detailed breakdowns, assumptions, and payment instructions. Download as PDF and email to borrowers instantly.
2 Minutes vs. 40-50 Minutes
95% Time Savings = More Loans, Happier Customers
Built for Commercial Banking
Complex Loan Structures
Handles variable rates (SOFR + spread), balloon payments, step payment schedules, yield maintenance, and tiered prepayment penalties.
Bank-Grade Security
SOC 2 compliant infrastructure, row-level security, encrypted data storage, and complete audit trails for regulatory compliance.
SharePoint Integration
Connect directly to your document management system for automatic loan agreement retrieval. No manual uploads needed.
Bulk Processing
Process multiple payoff requests simultaneously. Perfect for refinance surges or portfolio sales.
Complete Audit Trail
Every calculation logged with timestamps, user information, source documents, and calculation methodology for compliance.
LOS Integration
API integration with your loan origination system for seamless data flow and automated workflows.
Your Bank's ROI
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Learn More →Ready to Transform Your Commercial Lending Operations?
Join leading commercial banks using PayoffAgent to save time, reduce errors, and improve customer service.
No credit card required • 30-day free trial • Implementation support included