DESCRIPTION:
The Real Estate Mortgage Payoff & Reconciliation SME handles the critical final phase of the residential and commercial real estate transaction cycle. This position ensures the flawless calculation and processing of real estate mortgage payoffs while executing daily transactional reconciliations between external closing escrow agents and internal accounting ledgers. The role acts as the primary financial operational bridge during property sales and refinances, reconciling wires, mitigating escrow breaks, and coordinating lien releases to secure explicit title transfers for borrowers.

RESPONSIBILITIES:
Real Estate Payoff & Closing Operations:
· Prepare and review official payoff statements for real estate loans, tracking per-diem interest, escrow deficits, recording fees, and property tax/insurance advances.
· Process incoming real estate closing funds (wires, ACH, certified checks) received from title insurance companies and closing attorneys, verifying them against outstanding statements.




· Initiate the lien release process by preparing and submitting satisfaction of mortgage documents to county recorders to grant clear property titles to buyers.
· Administer final escrow account closing procedures, including checking for active real estate tax/homeowners insurance payments, calculating surpluses, and issuing timely refunds.

Transactional Reconciliation & Risk Control:
· Execute daily cash reconciliations across real estate transaction clearing accounts, mortgage suspense accounts, and general ledgers.
· Research and resolve closing breaks, such as payoff shortfalls or overages originating from real estate settlement statements
· Audit ledger lines to trace unapplied closing funds, ensuring misdirected funds are promptly identified, coded, and matched.
· Post adjustments and journal entries to correct posting errors in principal, interest, and real estate escrow accounts in line with regulatory accounting standards.
· Partner with title closers and escr

📌 Mortgage Payoff (Chennai)
🏢 Consolidated Analytics
📍 Chennai