This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.Say you have a mortgage and want to know exactly how much you'd need to pay to satisfy the loan. A mortgage payoff letter will tell you that magic number. 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. This form is furnished to give you a statement of actual settlement costs. When you get a mortgage loan, you sign a contract and agree to pay back the lender. The owner shall be entitled to receive from the holder of the obligation a written statement setting forth the total amount to be paid as of a particular date.