Posted by kcnotary_KS on 12/28/04 9:17pm
Msg #14693

Closing Agent's signature

Doing a closing tomorrow - Lender is Chase. At bottom of page of Title Policy Requirements; Insurance Requirements; Disbursement Procedures etc., a signature is required by Closing Agent. It reads as follows...

By my signature hereon, I acknowledge that I have read, understand, and have complied with all requirements listed on these instructions and any Addemdum hereto, and with all requirements relating to settlement agent respoisibilities under the 1986 Tax Reform Act. In addition, I acknowledge that by using Lender's funds I guarantee I have met all funding requirements.

_____________________________
Closing Agent


It doesn't sound like something I should be signing. Sounds like it is for the Title Company. If I am correct that the title Closing Agent refers to the Title Co., then who signs the Affidavit Regarding Proof of Identity? It reads....

I, _______________________ (closing agent), being first duly sworn, on oath, deposes and states as follows:
1. That I am the closing agent for the above referenced transaction.
2. That in lieu of photocopying a driver's license or other photographic identification, I have verified the identity of the borrower(s) by personally viewing their photographic identification.
3. That I have taken the following information from such identification card:

Name as shown on identification: _______________________________

Driver's License number or dentity card number: ______________________________


____________________________
Closing Agent

Reply by Lee/AR on 12/28/04 9:26pm
Msg #14698

The 1st example is definitely NOT for you. I'll admit the 2nd one has given me some problems because of the use of the words "Closing Agent"... but I did sign it as I did, in fact, VIEW the ID's. However, I also crossed out the word 'closing' and inserted 'Notary' (yeah & initialed the change). My logic was that if I was NOT supposed to sign it, they could always make another copy for the 'real' CLOSING Agent. And I really wish that the whole world would decide what the heck a Notary Signing Agent's title is gonna be and be consistent about it. I feel your confusion. Oh... nobody complained about what I did, so I guess it was OK.

Reply by kmnotary_CA on 12/28/04 9:37pm
Msg #14704

I too had an incident with this teminology. My paperwork was a little different, and I did not sign it. A couple days later the SS called me and stated I needed to sign this. It did no good to tell her (a brand new agency for me) that I am not the closing agent (my regular SS have never asked me to sign these forms). She told me to cross off the closing agent and insert signing agent if that made me feel better. I should have known better as this was an Ameriquest Loan, and not one single Ameriquest Loan Officer has ever filled out their paperwork.

I will not do any more signings for this SS as this wasn't the only problem-and I still haven't been paid for this signing which was well over 30 days ago.

Reply by Shane Teach on 1/2/05 11:45pm
Msg #15274

As for the Ameriquest paperwork, the Closing Agent is referring to the Title company that actually funds the loan. In Ameriquest's Case that is M.I.S. AMC loans usually have a Closing Agent page that you would sign, certifying that you closed the loan on such and such date..... That page you would sign, but NOT on any other pages that refer to Closing Agent.

Shane-IN

Reply by Ted_MI on 12/28/04 9:39pm
Msg #14706

I agree with Lee and his perceptions as to the two documents. With respect to the second document, I have been confronted with several very, very similar, also relating to drivers' licenses, and I did pretty much the same. However, I just lined out the word "closing" and wrote in "signing" and also did initial it. And I did sign them.

Reply by colorless/AZ on 12/28/04 9:33pm
Msg #14701

Did you give yerself an oath before you signed it?