Name of Mortgage Servicer. This is an example of a payoff letter used in a syndicated loan transaction.This payoff letter (including the defined terms such as Lenders,. 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. The release is what removes the lien, which in your case isn't there. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.