No. The loan settlement certificate is proof that all the borrowed money has been paid off. After the mortgage is paid off, the bank still needs to verify that the mortgage loan has been fully paid off, so that the borrower can prove in related business that his mortgage loan has been paid off in full. The review takes 3 days. You can't get it at the bank on the same day, so you can't get the settlement certificate immediately after paying off your mortgage at the bank.