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.How to fill out the Payoff Request Letter Templates? The final Closing Disclosure from the original purchase of the property. 2. What is a Payoff Agreement? A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Our guide will teach you how to write a letter of explanation, plus offers a free template to help you write one of your own. 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. For information or to subscribe, call (512) 475-2703.