Mortgage Loan Inspections (MLI)
What is a Mortgage Loan Inspection ?
A Mortgage Loan Inspection (MLI) is an estimation of the relative location of the apparent deeded or record lines and the location of obvious improvements thereon. A MLI also will show any apparent, encroachments, easements or right of ways and will determine if the property is located in a FEMA Flood Hazard Zone.
The majority of MLI’s prepared are from the request of an Attorney, Title Company or Lender ( Bank ). Often a MLI request is for past Land Surveys that we have already performed or from the survey records that we have in our archives (see Records and Archives below).
The results of a Mortgage Loan Inspection is an 8½” x 11” Sketch Plan of the property and improvements in question. A MLI is not the result of a Boundary Survey, nor does it report new measurements or the placement of any boundary monuments. see also FEMA Flood Elevation Certificates and LOMA Applications, Client Representation