Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free.This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. To request a payoff quote, please complete the payoff quote form. This form is intended for 3rd parties acting on behalf of Mr. Cooper customers. A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. MyLoans is a secure, fast, and easy way for you to manage your loan online. Make payments anytime, anywhere. View your loan statement for instructions on how to set up your online account and log in.