Payoff procedures vary depending on whether the lienholder is using the Electronic Lien Title (ELT) system or a paper title. An IOU (I Owe You) is a legal document that sets out the details of a loan made between two people, a borrower, and a lender.We have several forms that you can download and fill out. Use this helpful Mortgage Documents Checklist to help prepare you for a smooth home loan application process in California and Nevada. A "mortgage buydown" and "discount points" can lower your rate and help keep your monthly payment within an affordable range. A successfully recorded document consists of two (2) items: your document and the correct payment for recording. To request a payoff statement, please fax a written request to US Bank at 877-903-6972. 5027 Repayment plan. Gov), click on the "Industry Information" tab at the top of the homepage. This handy guide breaks down the home loan process to make borrowing for residential real estate smooth and simple.