Fast and Simple Payoff Statement Processing for Title Companies
At Covey Financial, we understand that timely payoff statements are essential for closing transactions smoothly. We’ve streamlined our process to ensure you receive accurate payoff information quickly and efficiently.
How to Request a Payoff Statement
Requesting a payoff statement from Covey Financial is simple:
Step 1: Complete the Payoff Request Form
Download and fill out our Payoff Request Form with the following information:
- Borrower name(s)
- Property address
- Loan number (if available)
- Requested payoff date
- Title company contact information
- Closing agent name and contact details
Step 2: Submit Your Request
Email (Preferred):
Send completed form to: staff@coveyfin.com
Fax:
Fax completed form to: (210) 618-0561
What to Expect
Processing Time:
Most payoff statements are processed within 24-72 hours of receiving a complete request. However some may take longer but we will return within 7 days as required by law.
Statement Details:
Your payoff statement will include:
Principal balance
- Accrued interest through payoff date
- Per diem interest rate
- Any applicable fees
- Wire instructions or payment mailing address
- Good-through date
Delivery Method:
Payoff statements will be sent via email to the contact provided on your request form.
Important Notes
Good-Through Date: Payoff amounts are calculated through a specific date. Additional per diem interest will accrue if the payoff is not received by that date.
Wire vs. Check: Wire transfers are recommended for same-day closing situations.
Updated Requests: If your closing date changes, please submit a new payoff request to ensure accuracy.
Need Assistance?
If you have questions about a payoff statement or need expedited processing, please contact our servicing team:
Covey Financial, LLC
NMLS #1775323
Payoff Questions:
Phone: (210) 610-6250
Email: staff@coveyfin.com
Hours of Operation:
Monday-Friday, 8:00 AM – 5:00 PM CST except for Federal Holidays
