Partial Release/Assumption Request Form
Arch Mortgage Insurance Company | United Guaranty Residential Insurance Company
Submit the completed request form with the applicable documents listed below to [email protected].
REQUEST TYPE AND SERVICER INFORMATION
Request Type: First Mortgage Partial Release First Mortgage Assumption
Name: ID Number:
Contact:
Alternative
Contact:
Phone: Phone:
Email: Email:
LOAN AND BORROWER INFORMATION
Property Address:
City, ST, ZIP:
Current Borrower
Name:
SSN:
Arch MI or
United Guaranty MI
Certicate Number:
Proposed Loan
Number
(
assumptions only):
Current Loan
Number:
Assuming Borrower
Name:
SSN:
PARTIAL RELEASE
Release Type: Voluntary Involuntary
Explanation of Transaction:
Current Appraised Value
BEFORE release:
$
Current Appraised Value
AFTER release:
$
Amount of Money
Exchanged:
$
Money is Applied to Unpaid Principal Balance.
Money is Not Applied to Unpaid Principal Balance. (If not, a new
Appraisal is required for both Voluntary and Involuntary release.)
ARCH MORTGAGE INSURANCE COMPANY | UNITED GUARANTY RESIDENTIAL INSURANCE COMPANY
|
230 NORTH ELM STREET GREENSBORO NC 27401 | ARCHMI.COM
© 2019 Arch Mortgage Insurance Company. All Rights Reserved. Arch MI is a marketing term for Arch Mortgage Insurance Company and United Guaranty Residential Insurance Company.
MCUS-B0894-0219
DOCUMENTS REQUIRED FOR PARTIAL RELEASE
Voluntary Release
Partial Release/Assumption Request Form.
New appraisal.*
Survey (including portion of property to be released).
12-month payment history (with current principal balance).
Copy of original appraisal.
Involuntary Release
Partial Release/Assumption Request Form.
New appraisal (if funds are not to be applied to Unpaid
Principal Balance).*
Survey (including portion of property to be released).
State/county/government municipality documentation
providing the specifics of the Request of Property.
*Copy of New Appraisal (less than 120 days old) to establish appraised value prior to release of property AND appraised
value after release of property. Appraiser must comment on effect of Partial Release on marketability of property.
FIRST MORTGAGE ASSUMPTION AND REQUIRED DOCUMENTATION
Type:
Assumption WITH Release of Liability
(original borrower to be released from liability).
Assumption WITHOUT Release of Liability
(original borrower to remain liable).
Submit to: [email protected]
DOCUMENTS REQUIRED FOR FIRST MORTGAGE ASSUMPTION
Completed Partial Release/Assumption Request Form.
Copy of Borrower’s signed Loan Application.
Credit Report.
Ve
rification of Employment/Verification of Income.
Copy of Sales Contract/Divorce Decree (as applicable).
Verification of Deposit, if funds are needed for Assumption
closing.
Arch MI will continue to insure a mortgage assumption, provided that the assuming borrower(s) meets current Arch MI
underwriting criteria.
Client’s Authorized Signature Please Print or Type Name Phone Number Email Address Date
