Posted by Becky/NC on 12/6/04 6:26pm
Msg #12850

Customer ID Verification

Here's one I haven't seen before. I did a closing earlier this evening for a couple whose property is in a trust; had no problems with the documents. BUT I am confused because I have two Customer Identification Verification forms for each borrower. One form lists them as an individual....i.e., John Smith... and I have no problem with filling that out. The other form lists the individual as....John Smith, Trustee....would you fill that out identically to the individual form? The borrowers had no id proving that they were trustees. Any help would be appreciated. TIA.

Reply by Joan-OH` on 12/6/04 7:17pm
Msg #12859

My guess is they were signing as individuals and trustees on the Mortgage making the system think there were 4 borrowers, hence the extra forms for "trustee". I would have filled it out exactly as the first one without the trustee.

Joan-OH