This page allows users to request an electronic payoff quote for iSeries and MSP mortgage products. This letter from BAC Home Loans Servicing provides approval and instructions for a short sale of a property located at an unspecified address.You can also request a payoff statement. Log in to Online Banking or use the mobile app. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. IDB Bank is a full-service bank that provides commercial banking, private banking, and wealth management services in the United States and internationally. A mortgage payoff letter can come in two forms. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan. At AmFirst, we want to help you build your credit and long term financial health.