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Streamlined Title Guaranty with Rapid Certificate: No More Waiting for Mortgage Releases

The Title Guaranty Rapid Certificate offers a quicker alternative for managing final certificates, eliminating the wait for mortgage releases. There's no need to chase down releases or delay your closing protection letter. This service is available for field-issued certificates, requiring proof of payoff, including payoff statements and copies of canceled checks. Should a release not be filed within 4 months post-closing, the issuer provides proof of payoff for a timely release under our Mortgage Release Program, with no recording fees. Enjoy faster closings and the assurance of clean title records.

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Streamlined Title Guaranty with Rapid Certificate: No More Waiting for Mortgage Releases

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  1. Title Guaranty – Rapid Certificate • Final Certificates are more timely • No waiting for mortgage releases • No chasing releases • Rapid Certificate is required when issuing Closing Protection letter

  2. Title Guaranty – Rapid Certificate • How does it work? • Available on Field Issued Certificates only • Issuer has proof of payoff

  3. Title Guaranty – Rapid Certificate • Proof of payment • Payoff statement • Cancelled check (copy) • Proof of wired funds • If line of credit – must have proof of closure

  4. Title Guaranty – Rapid Certificate • Schedule B of Final Certificate will show the unreleased mortgage • Endorsement Against Loss Lien • Guaranty lender and borrower against any loss due to unreleased mortgage • No charge for this endorsement

  5. Title Guaranty – Rapid Certificate • Maintaining Clean Title Records • 4 months post closing – we contact issuer • Check for release • If release has been filed • Provide recording information in our system

  6. Title Guaranty – Rapid Certificate • Maintaining Clean Title … • If release not filed • Issuer sends us proof of payoff and Application for Mortgage Release • Title Guaranty will release using Mortgage Release Program • No charge for recording fees

  7. Title Guaranty – Rapid Certificate • Advantages • Lenders get Certificate quicker • No need to hold for releases • Slows process • Title Guaranty Certificate of Release • Release unreleased mortgages • Release over bad releases

  8. Questions?? Linda Berg Linda.berg2@iowa.gov 515.725.4893

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