Payoffprotect

Mortgage Payoff peace of mind

PayoffProtect validates the authenticity of wiring instructions to ensure payments aren’t sent to fraudsters.

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Payoff Instructions CertifIDMortgage Payoff peace of mind
Payoffs are being intercepted by fraudsters

Payoffs are being intercepted by fraudsters.

Process is manual

Process is manual.

It can take hours to validate a payoff.

Inconsistency across payoffs

Inconsistency across payoffs.

Every lender has a different process.

Multiple points of vulnerability

Multiple points of vulnerability.

Options for insuring the risk are limited.

PayoffProtect eliminates the risk of payoff fraud.

Eliminate callback procedures

2 min to complete.

Eliminate callback procedures to lenders.

Validation procedures

+95% of payoffs validated.

Streamline your internal validation procedures to lenders.

Receive insurance

$1 million of insurance.

Receive insurance on every payoff.

PayoffProtect eliminates the risk

The data speaks for itself.

+95%

Verification rate

0.

Insurance claims

$7B+

Protected per month

$1.9M

Amount of fraud caught

A first-of-its-kind solution

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

Input wiring details

Your work is done, in less than 2 minutes

Input wiring details, PayoffProtect does the rest.

CertifID status

Receive valid & safe payoff instructions

CertifID status is achieved via the proprietary PayoffProtect solution.

Insurance

Get $1M of insurance and peace of mind

Say goodbye to time-consuming and risky payoff verification.

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

Mr. Cooper
Wells Fargo
Chase
Rocket Mortgage
PennyMac
Lake Michigan
Bank of America
Freedom Mortgage
Flagstar Bank
US Bank
Fifth Third Bank
Newrez

Explore CertifID’s
full range of capabilities

AmeriTitle
ATG Title
Continental Title Company
Jet Closing
Knight Barry Title Group
PM Title
Providence Title
Stewart
True Title Company
Apex Title & Closing Services
Closing USA
Investors Title
Meridian Title Corporation
Proliant Settlement Systems
Security Title Insurance Agency LLC
Title Forward
Western Resources Title
AmeriTitle
ATG Title
Continental Title Company
Jet Closing
Knight Barry Title Group
PM Title
Providence Title
Stewart
True Title Company
Apex Title & Closing Services
Closing USA
Investors Title
Meridian Title Corporation
Proliant Settlement Systems
Security Title Insurance Agency LLC
Title Forward
Western Resources Title

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.