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#2178721 - 05/18/18 04:02 PM Rework of Mortgage ??
Onehotidea Offline
Junior Member
Joined: Jul 2015
Posts: 36
Minnesota
Question- I’m reworking a first mortgage on an investment property the only changes to the note will be rate reduction and releasing a third borrower. Third borrower will continue to be on the Mortgage so our lien position will not change. So I’m thinking that I do not need to reordered title work as the mortgage remains unchanged. Thoughts…. I don’t want to have a compliance issue down the line Thank you

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Lending Compliance
#2178742 - 05/18/18 05:03 PM Re: Rework of Mortgage ?? Onehotidea
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Compliance and title insurance requirements have nothing in common. Questions regarding whether such a change will impact the validity of you current title policy is a question for the title company that issued the original policy.
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#2178838 - 05/18/18 08:32 PM Re: Rework of Mortgage ?? Onehotidea
Onehotidea Offline
Junior Member
Joined: Jul 2015
Posts: 36
Minnesota
The title company has said it would still be valid. thank you!

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