Request a Payoff Statement
At Covey Financial, we understand that timely payoff statements are essential. 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
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
