Introduction:

Mortgage is the method of loaning money with a property of the debtor kept as security with the creditor. The creditor keeps the original deed of the property to himself. On the repayment of the principal amount as well as the interest on the principal, the property deeds are restored to the owner. In the case of non-payment of the amount due, the creditor is well within his rights to sell the property to recover the money.

In case of a mortgage authorisation, the debtor authorises the creditor to allow information about the loan, which would other wise not be accessible by the general public due to the privacy policies, to a third party. This is a formal letter written by the debtor to the creditor. This includes the  loan amount, payment transaction history, property mortgaged, documents related to mortgage. This letter needs to be written and sent to the bank or creditor along with the necessary documentation. The authorisation letter is kept as proof in case of any later disputes that may arise relating to this.

Sample Letter:

The following is a Sample of Mortgage Authorization Letter.

From,

Pauline H. Rocha

2555 Gerald L. Bates DriveBoston, MA 02115

Boston, MA 02115

DD/MM/YYYY

To,

Robert T. Horn

Manager of X Y Z Ltd

3183 Mattson StreetSalem, OR 97301

Salem, OR 97301

Dear Sir,

I had a borrowed a sum of $25,000 from your company, as on DD/MM/YYYY, I made the repayment of $1540 including interest, by mortgaging my property on 22nd Avenue Street for my business venture.

This is written to inform you that I, Pauline H. Rocha, do hereby authorise X Y Z Ltd to share all the details related to my mortgage with your company with my business associate, Paul Walker. I also explicitly state that the information I am requesting to be shared is private information, not made public. This authorisation, when approved by X Y Z Ltd., will allow my business associate, Paul Walker to view, copy, share and part take information that earlier could be viewed only by myself. I also understand that, after the approval of this by X Y Z Ltd., I cannot hold the company responsible for any leak of private information if it is leaked by my business associate, Paul Walker.

I would also like to assure you that this will not, in any way, shape or form, affect the repayment of the loan amount or the interest due on the principal.

Please consider this a formal request for the same and do the needful.

I have enclosed all the necessary documents required for the process along with the form filled with all the requested details for the same.

Thanking you,

Yours sincerely,

Pauline H. Rocha.