Mortgage Location | SLR
What is it? A mortgage location, also known as a Surveyor Location Report (SLR), is a report that verifies that a property’s deed matches reality.
- Purpose: Used by lenders and title insurance companies during real estate transactions to help make decisions about lending and title policies and provide substantial proof that improvements are located on the land that is transferring.
- Shows:
- Property lines per legal description
- Recorded easements and right of ways
- Improvements on the lot
- Not for: Installing fences, pools, sheds, or other improvements
Boundary Survey
What is it? A type of land survey that determines the boundaries of a property, including its corners and lines.
- Purpose: Precise property line determination
- Features:
- Property corners physically marked
- Lines determined by surveyor calculation
- Minimal margin of error
- Used for: Determining property lines, lot splits/consolidations, building permits or fence installation and resolving neighbor disputes
Key Differences
| Aspect | Mortgage Location | SLR | Boundary Survey |
| Precision | Higher tolerance / Linear Error | Highly precise |
| Physical Markers | Cannot mark corners | Property corners marked |
| Calculation Method | Based on legal description – not calculated | Surveyor calculations |
| Primary Use | Lending and title insurance | Construction and legal purposes |
Which Do I Need?
The key distinction is that a boundary survey provides a precise determination of property boundaries for legal and construction purposes, while a mortgage location | SLR offers an overview primarily to satisfy lender and title insurance requirements for property purchases by mapping the legal description of the deed transferring.