Posted by Bob_Chicago on 3/18/09 11:04am
Msg #281126

First time for this request. Asked to go back to bwr to ...

have them sign the "skeleton" hud attached to closing instructions.
Bwr was not reqd to sign instructions.
It was requested by a good customer, and I was going to be in their
area anyway, so , no big deal.
Does anyone , normally have bwr sign this doc??

Reply by Lee/AR on 3/18/09 11:22am
Msg #281131

Not generally...but if the B's name is typed in, I do. So far/so good. Seems silly, but~~ the golden rule applies-- "He who has the gold makes the rules". I've even seen some where they actually type DO NOT SIGN into the signature area of this HUD. One of those judgement calls where you have a 50/50 chance of being right/wrong. One possible solution--make 2 copies. Have B's sign one & leave one unsigned. Might save an extra trip.

Reply by CopperheadVA on 3/18/09 12:02pm
Msg #281141

Yes, I usually have them sign unless it states "Do Not Sign". I just tell the borrowers it's a preliminary HUD and the first one they signed was the final. Usually their names are typed on there so I have them sign.

Reply by trnsa_IL on 3/18/09 12:09pm
Msg #281147

I have them sign it unless it has "Do Not Sign" typed across the signature lines.

Reply by Becca_FL on 3/18/09 1:02pm
Msg #281168

Nope, but I did have a very green EO at a very new TC

scream at me for not having the HUD verbiage signed within the lenders closing instructions once. ????? I spoke with the TC owner (not much smarter than the green EO and had her call the lender for her own edjamacation. The EO lasted one more week and was fired.

Reply by ReneeK_MI on 3/18/09 3:58pm
Msg #281196

My immediate thought was 'someone green' was involved! n/m

Reply by Cari on 3/18/09 1:09pm
Msg #281171

I HOPE THEY DIDN'T SIGN?! n/m

Reply by Yowheelz on 3/18/09 3:03pm
Msg #281184

You think that is new, try this one

The borrower had to sign the back of each page of the 1003. Is that nuts or what.

Reply by sue_pa on 3/18/09 8:01pm
Msg #281273

GASP! Why not? The sky will fall? n/m

Reply by ReneeK_MI on 3/18/09 4:00pm
Msg #281197

Unfortunately, we're seeing the end-result of ...

...the massive brain-drain that went on in the industry these last few years

Reply by MichiganAl on 3/18/09 6:01pm
Msg #281225

To me it's just like the top of the 1003

Even though I know that the top of the 1003 doesn't need to be signed by a single borrower, not signing it can cause too much trouble down the line with someone who doesn't get it. Same thing with the lender HUD. The one time we don't sign it some ninny is going to make a stink about it. I tell them it's preliminary, never had a problem.

Reply by Sharon Taylor on 3/18/09 6:26pm
Msg #281235

I have borrower(s) sign the prelim HUD

Unless it has "DO NOT SIGN" on it, I just have them sign that too. Most of the time, when a package has printed names below the signature lines, there is a name printed below the signature line on the prelim or estimated HUD too.

Reply by sue_pa on 3/18/09 8:04pm
Msg #281274

Re: To me it's just like the top of the 1003

how about having to go back and get signed, in the middle of SunTrust's Master Closing instructions, an example of how a title company should word somethng. They type the example, have a line drawn and borrower (not his name) typed under it.

Reply by JanetK_CA on 3/19/09 2:09am
Msg #281317

Now THAT takes the cake! n/m