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August 5, 2015
HMDA – Beyond the Input
Patricia Cashman

August 11, 2015
ABCs of HSAs
Whitney Johnson

August 12, 2015
Part I: Flood Insurance - Everything You Need To Know (including June 2015 Rules)
David Dickinson and Jerod Moyer

August 13, 2015
Currency Transaction Report (CTR): Line-By-Line for Tellers
Deborah Crawford

August 18, 2015
Disaster Recovery Revisited: 5 Things You May Not Have Considered (for a while)
David Reed

August 20, 2015
Automated Monitoring Systems: Implementation to Validation
Brian Crow

August 25, 2015
MasterCard & Reg E Error Resolution
Brian Crow



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#699312 - 03/09/07 01:06 PM Form - Partial Release of mortgage
Banker Sue Offline
100 Club

Registered: 05/20/04
Posts: 149
Does anyone have a form they would be willing to share when they do a partial release of mortgage?

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General Discussion
#699776 - 03/12/07 11:31 AM Re: Form - Partial Release of mortgage [Re: Banker Sue]
Truffle Royale Offline


10K Club

Registered: 07/09/03
Posts: 14938
We don't use a specific form for a partial release. It's all in how you word it. After stating the recording information of the original mortgage in the spaces provided on your release form, just state something like "That portion of (the original legal) more particularly described as (the description of the portion you're releasing.)

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#700041 - 03/12/07 03:36 PM Re: Form - Partial Release of mortgage [Re: Truffle Royale]
Banker Sue Offline
100 Club

Registered: 05/20/04
Posts: 149
We have a standard release form used to be recorded. I was looking for a form that would be sent to loan operations to maintenance the loan. We have issues with the system not being updated and the file not being real evident of the value and release information. I was hoping someone had an internal form I could use to start from.

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#700077 - 03/12/07 04:00 PM Re: Form - Partial Release of mortgage [Re: Banker Sue]
Truffle Royale Offline


10K Club

Registered: 07/09/03
Posts: 14938
Wouldn't putting a copy of the recorded partial release in the file suffice? It has all the information you need. The mortgage amount isn't going to change due to the release unless there's a pay down amount involved and the system MUST show that.

Personally I'm against extra forms and documents that require information to be transfered correctly in order for them to be effective. Just another chance for error, imho.

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