PayoffProtect | CertifID

Payoffs are being intercepted by fraudsters.

Process is manual.

It can take hours to validate a payoff.

Inconsistency across payoffs.

Every lender has a different process.

Multiple points of vulnerability.

Options for insuring the risk are limited.

PayoffProtect eliminates the risk of payoff fraud.

2 min to complete.

Eliminate callback procedures to lenders.

+95% of payoffs validated.

Streamline your internal validation procedures to lenders.

$1 million of insurance.

Receive insurance on every payoff.

“...We will not send a payoff wire unless it's validated through PayoffProtect.”

Bryan Brown

Controller

"...allow us to feel comfortable, allows us to sleep better at night, and hopefully reduce a bit of the gray tint in my hair."

Rachel Petrach

Chief Closing & Compliance Officer

“...I absolutely love PayoffProtect. I think it’s the easiest product that has come about for my team. It doesn’t take up much time and I work on things two days ahead and have my whole week done in a matter of minutes.”

Jessica Tweedy

Disburser

The data speaks for itself.

+95%

Verification rate

$10B+

Transactions protected

$6M

Amount of fraud caught

A first-of-its-kind solution

PayoffProtect eliminates the risk of fraud, streamlining the process across all payoffs.

Your work is done, in less than 2 minutes

Input wiring details, PayoffProtect does the rest.

Receive valid & safe payoff instructions

CertifID status is achieved via the proprietary PayoffProtect solution.

Get $1M of insurance and peace of mind

Say goodbye to time-consuming and risky payoff verification.

Request a Demo

PayoffProtect covers +95% of all payoffs including the nation’s primary lenders:

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full range of capabilities

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Frequently Asked Questions

Does PayoffProtect help our customers generate the payoff?

No, PayoffProtect validates the accuracy of wiring instructions to ensure that a payoff wire is legitimate and not fraudulent.

Can we just use PayoffProtect on the payoffs we donʼt have templates for and keep using our templates for the others?

Our recommendation is to use the tool for every single payoff received. Oftentimes the title company will have templates on the bigger volume lenders/servicers and these are the ones that get targeted by fraudsters the most. It is much safer to input all payoffs received into PayoffProtect than going back and forth between a payoff statement and a spreadsheet to check if the numbers match.

What kind of payoff should be submitted into the PayoffProtect tool?

Any payoff pertaining to a mortgage, HELOC, or commercial loan should be submitted into PayoffProtect. Any payment being sent to a personal account should use the CertifID core product to confirm those wiring instructions.

Does PayoffProtect validate the payoff amount?

No, the payoff amounts are always subject to change and should be validated independently by the title or escrow company before the wire is sent.

Mortgage Payoff peace of mind