Short answer:
Once your payoff funds are received and applied, your loan will be marked Paid in Full. The lien on your property will be released, and any remaining escrow funds will be refunded.
What’s happening
After payoff funds are processed:
- Your loan status updates to Paid in Full
- Automatic payments stop
- A final statement is generated
- The mortgage lien is released
Timeframes vary by state:
- Lien release: Typically 15–60 days
- Escrow refund (if applicable): Usually within 20–30 days
Online account access may change after payoff.
What it means for you
Your mortgage is considered satisfied once:
- Funds are fully received
- All outstanding amounts are cleared
The lien release is recorded with your local county office, which removes the lender’s claim against your property.
If you had funds remaining in escrow, they are refunded separately.
What you should do next
- Keep your payoff confirmation documents
- Monitor for your lien release confirmation
- Watch for your escrow refund, if applicable
If you do not receive expected documents within typical timeframes, contact us.
Important dates, fees, or risks
- State laws determine lien release timelines
- Escrow refunds are processed after final reconciliation
- Online access may be limited after payoff
Contact us if…
- You have not received your escrow refund within 30 days
- You need confirmation that your lien was released
- You continue to see automatic drafts after payoff
This article is for general information only and does not change the terms of your loan.
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