Paying off an amortized loan is rarely precise. The pay-off amount greatly depends on what day in the payment cycle the last payment was processed. Also, many lenders will perform a lengthy review of the loan to make sure all principle and accumulated interest is received before declaring the loan paid.
I suspect the pay-off amount was overestimated, and the borrower was credited the difference after the review, but is not reflected in the example. I've also seen many loans go late only to be fully paid shortly thereafter. (It is incredibly frustrating if you do any selling on Folio.) In that case, my guess is LC cancels the regular monthly ACH withdrawal and schedules a new withdrawal with the pay-off amount or instructs the borrower to mail a check which is processed well after the regular monthly payment is due. In the meantime, the interest continues to accumulate.
I suspect the pay-off amount was overestimated, and the borrower was credited the difference after the review, but is not reflected in the example. I've also seen many loans go late only to be fully paid shortly thereafter. (It is incredibly frustrating if you do any selling on Folio.) In that case, my guess is LC cancels the regular monthly ACH withdrawal and schedules a new withdrawal with the pay-off amount or instructs the borrower to mail a check which is processed well after the regular monthly payment is due. In the meantime, the interest continues to accumulate.