Payoff requests, including borrower's authorization, should be directed to the servicer of the first mortgage. Edit, sign, and share private mortgage payoff letter template online.No need to install software, just go to DocHub, and sign up instantly and for free. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Sample Loan Payoff Letter - Fill Out, Sign Online and Download PDF. Check out this sample before drafting your own Loan Payoff Letter.