Posted by lmk/wi on 2/5/05 4:23pm
Msg #19519

Success!!

Is sweet. My first signing went pretty smooth. A couple of cross-outs by the borrowers, but I had them initial. I forgot about taking out of their package so I hope this wont present a problem. I only forgot to notarize one document, only because the wording on it didnt point me in that direction. But when the signing company checked it they said it needed it, so I did. It was the correction agreement. I was really nervous at first but calmed down about half way through. I quess I wont know for sure if everything was done correctly until the loan company gets the package back. As far as the notarized documents, I did it all right. I can definately see how the more you do the easier they get. I think my meticulous behavior that drives everybody nuts(especially my boss) has found a happy home!!!

Reply by BrendaTX on 2/5/05 5:10pm
Msg #19522

Congrats! IMK/WI - One Question:

Yes, Imk, success is sweet!

So, to keep you riding that high, let ask a question:

>>>If there were cross-outs on the docs, would it be prudent to fax that page to the SS and let them take a look at it if you have not already done so? <<<<

Every package I have received has strictly advised no language must be struck without permission. (I even make a call at the table if a borrower wants to adjust something as seemingly insignificant as their age on the URLA.) Just want the best for you and for you to have a good experience.

I hope you know I am not picking on you or being critical. And, of course, maybe you already got the necessary permission.

May you continue to enjoy good things coming your way.

Brenda

Reply by lmk/wi on 2/5/05 6:03pm
Msg #19523

Re: Congrats! IMK/WI - One Question:

The crossout was where the borrower had signed there name on the wrong line as such
__________________________ x_____________________________
he signed here he should of signed here

And the other one was a signature boo boo. Directions did say if they make a mistake, cross it out and have them initial.
As far as faxing these docs to the SS, that is good advice. Better safe than sorry. I was kind of a pain in b@#$ to them today, cause I had called four times on docs, but is it safe to say that is what they are there for.
It has taught me to watch closer!! Like I said before, I hope it doesnt present any problems.
PS: You werent being critical at all and I didnt take it as such. Also, I used to live in Texas about 15 years ago and always said I was coming back. I miss the people down there. But I now have two wonderful kids that are pretty stable up here, so I wont be going anywhere for a while. Maybe some day.

Reply by CarolynCO on 2/5/05 8:19pm
Msg #19533

**I forgot about taking out of their package so I hope this wont present a problem. I only forgot to notarize one document, only because the wording on it didnt point me in that direction. But when the signing company checked it they said it needed it, so I did.**

When you say you forgot to take out the [borrowers] copy, do you mean that you failed to leave it with them, and sent it back with the loan docs?

Were you already away from the borrowers house when the SS said you needed to notarize the Correction Agreement or did you call the SS while you were still there?

Reply by lmk/wi on 2/6/05 11:29am
Msg #19561

Re: Success!!(Maybe?)

Your scaring me! I left their docs with them untouched. As far as the Correction Agreement, I had filled it out at the signing with my signature and date. When I returned to the office, I impressed my stamp with all the other important info after I had called the SS, State of: County of: ect. Yes, I know this is supposed to be done at the signing and this is a lesson WELL LEARNED about calling the SS (which I did for other questions) at the signing and not leaving until the whole process is complete. Please tell me the worst case scenerio would be I have to go back and do the signing for free. Or that I dont get paid for this signing. Even though the signing is done Im still nervous and waiting for the loan company or SS to call me to tell me I messed something up.
PS: I fully respect any comments about this situation. My goal is to do the best that I can and be successful at this. All that I ask is that everybody understand, there isnt a soul around here, physically, to mentor me or ask them questions. The person who got me into this, does things that are not protocol and I have learned what NOT to do from reading these forums and studying the material that I have.

Reply by CarolynCO on 2/6/05 6:00pm
Msg #19580

Re: Success!!(Maybe?)

Thanks for the clarification on the borrower's copy -- Myself, I pull out their Right to Cancel copies and put on the top of their packet. I have them date/sign their copies in case they do decide to cancel. Other than that, you don't have them sign any other borrower copies.

You will also come across some threads where particular people don't notarize any of the documents in the borrowers presence. You will also read that there is quite a controversy over this practice. I personally do the notarizations at the time the borrowers sign each document. After the signing is completed, I go over each page for missing initials and/or signatures, while the borrowers are either talking among themselves or reviewing their borrower packet.

You might find it helpful to get some stickies and put on the pages that need signatures, initials and notarizations before you leave for the borrowers.

Reply by To Carolyn on 2/6/05 6:19pm
Msg #19583

Re: Right to Cancel quesion

Is the purpose of sending more copies than needed in addition to what is in their package in case of emergency? Nine copies all together, all signed and initialed, four complete to borrowers and one to the Mortgage company. Left with four complete copies. This is addition to their 9 copies, not touched. What is our role here with the extra completed copies?

Reply by CarolynCO on 2/6/05 6:52pm
Msg #19586

Re: Right to Cancel quesion

**Is the purpose of sending more copies than needed in addition to what is in their package in case of emergency? Nine copies all together, all signed and initialed, four complete to borrowers and one to the Mortgage company. Left with four complete copies. This is addition to their 9 copies, not touched. What is our role here with the extra completed copies?**

Husband and wife each get their own set, but it looks like you already had that covered. I know that some people assume the extras are just that -- extras in case of mistakes, and if they don't use them, they don't send them back with the loan package. I don't have an answer for you or any reasoning behind the extras -- each Title/Loan Company have different practices. However, I once had a package that was overnighted and had umpteen Right to Cancel forms in it. However, they also had stickies on each copy of the RTC in the loan package saying "this goes to such and such department" "this goes to such and such department" "this goes to such and such department." Right, wrong or indifferent, after that particular signing, whatever is in the loan package I have borrowers sign, date and/or initial and send back. If they don't need them, they can shred them, but I'd rather send back too many than not enough. And no one has ever called me on it.

Reply by lmk/wi on 2/6/05 6:58pm
Msg #19587

Re: Right to Cancel quesion

Sounds safe. Thanx for the info.