Contact the Member Service Center to request A Signed Request for a Subordination-Real Estate Secured/Unsecured Transactions form. This can be mailed or faxed to you or to the new Lender/Title Company. This form lists the items that need to be gathered from the escrow/title company that is assisting with your new loan with the other lender. These documents are to be submitted to the Credit Union's Real Estate Department. A review of the documents and an approval must be completed. Depending on your loan’s circumstances you may need to pay the costs of a property valuation or appraisal. Please submit the items as far in advance as possible in order to allow the credit union time for the review; a minimum of four business days should be provided.
How does my new lender request the credit union to subordinate their current lien position to the other lender’s loan? Print
Modified on: Thu, 23 Feb, 2023 at 11:14 AM
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