Posted by Nd_WA on 1/25/05 2:30pm
Msg #18055

Should I charge 2x?

Just received package for a signing tomorrow and there are atleast 2-3 copies for each of the same doc for borrower to sign. The stack is basically 3x a normal refi package. I will call the SS to see if it was printed by mistake, but I doubted b/c doc was sent from title. What does everyone think about this?

Thanks for your input

Reply by Camille on 1/25/05 4:07pm
Msg #18088

I discard the duplicates, but do give a copy to the borrower.

Reply by Vicki/MD on 1/25/05 4:29pm
Msg #18092

Careful, if the borrowers are unmarried, each is entitled to a copy of the loan documents...you might need all of them.

Reply by CaliNotary on 1/25/05 4:41pm
Msg #18093

I have them sign whatever is sent to me. It's not our place to decide what does or doesn't need to be signed. I'd say it's appropriate to call and ask if they meant to send mulitple copies of each page, but I would never dream of just making the decision on my own not to have signed half of what they sent me.

And I wouldn't charge extra based on the size of the package. Sometimes we get large packages, sometimes we get small ones. It all balances out in the end.

Reply by Nd_WA on 1/25/05 5:18pm
Msg #18099

Clarification

There are 4 copies of the loan package. I called and they said the lender wants 3 signed originals, one for the borrower. So, this is like doing a triple, and no, I'm not asking for any additional fee but have kindly reminded the SS that its not going to be the same fee next time.

Reply by Kimberly Crowe on 1/25/05 9:37pm
Msg #18137

Re: Clarification

I agree with CaliNotary....don't ever take it upon yourself to decide what does and doesn't get signed. I've seen plenty of deals where the lender wants two or three originals signed. (not sure why they need that many)

Reply by CarolynCO on 1/26/05 11:48am
Msg #18207

Camille said "I discard the duplicates, but do give a copy to the borrower."

It's not YOUR decision to make, and taking it upon yourself to discard duplicates, without direction, can get your hiney in quite a predicament. The dups might be routed to different departments -- it's certainly not our call. Like others, I've had this happen with NY companies, but it's also happened with other states, as well.

Reply by Joan-OH on 1/26/05 6:55am
Msg #18161

I had one last summer from a New York title company and it was a very large package times 3 plus the borrowers copy. Talked to another Ohio agent this week and the same thing from a New York title company. It was rediculous! There were actually 3 copies of the junk docs they wanted signed (HUD, title affidavit-with bunches of blanks, privacy statements). When it came to the note, the borrower didn't want to sign all three and I couldn't blame them. I called the title company and asked, "Do you really want these people to sign three notes?". They backed down and said they would make 2 certified copies of the original for their purposes.

I wonder if this is a New York thing?

Joan-OH

Reply by Becca/FL on 1/26/05 10:25am
Msg #18188

I think it is a New York Title thing. I have seen it 2xs with NY based Title Cos. The problem I have with it is when they stamp 1-2 copies "certified copy". How can it be a "certifed copy" if it has an original signature on it? I think the processors are trying to save time for the post closers. If the extra copies are stamped "certified copy" I will not have the B's sign the copies and notify Title why. If the extra set(s) are not stamped, I will have B's execute the additional docs after varifing w/ Title and/or SS.