Posted by Paul2/FL on 6/4/05 10:22am
Msg #42282

"Please sign your name as printed or

there may be a delay in funding your loan". These are the written instructions directly from the SS to the borrower that the borrower has to sign off on. That said, I had to remind the borrower a number of times to sign as printed. I checked all the documents before leaving his house and think everything is OK only to find out when I get home and check again that he used his first initial instead of his name on some of the docs. I know this is my fault for not catching it while I was there but this is so frustrating! I think I'll take a 2X4 with me when I go back!

Reply by Cherilyn in CO on 6/4/05 11:17am
Msg #42296

I had a borrower once...

that signed half Kathy and the ones with her name pre-printed, Kathleen. I didn't catch it until the end. I said, "Um, you've signed some of these Kathy." She said, "Well, you told me to sign as drawn, so the forms that didn't have my name on them, I signed Kathy."

We filled out the sign. aff. with both names, but I was really mad. (Of course, it was partially my fault) I told her, "Well, I hope this doesn't delay the funding of your loan." I kind of hoped that it would to teach her a lesson.

Reply by Paul2/FL on 6/4/05 2:22pm
Msg #42337

Re: I had a borrower once...

Well I just completed the signing for the second time today. However, I couldn't get him to re-sign at home because he had to go to work. This meant of course that I had to travel 3 times the distance to go to his place of work. Live n' learn. After all this, I hope the loan goes through because this guy really needs it.

Reply by HisHughness on 6/4/05 2:28pm
Msg #42339

Re: I had a borrower once...

I don't know if it is the correct advice or not, but my regular presigning spiel is: "If your name is preprinted on the signature line, sign it like that. If it is not pepritned on the signature line but is in the heading, sign it like that. If it is in (I just realized I managed to string together four two-letter words; reminds me of a delightful joke which I cannot tell here for fear of offending Brenda's tender sensibilities) neither place, and you see it in the body, sign like that. If it is in (Again!) none of those three places, sign like you normally would sign." I have not had a loan kicked back yet because the borrower followed those instructions.

Reply by Lee/AR on 6/4/05 3:49pm
Msg #42349

HH... I suspect

you get away with stuff they'd pound just-a-notary for doing. They fear you. Good job!

Reply by janCA on 6/4/05 4:42pm
Msg #42360

They can't hear!!!!

I have found that borrowers have a tendency not to hear well. You can say it over and over and still they will do it incorrectly.

Reply by SoCalMisty on 6/5/05 12:20am
Msg #42440

Re: They can't hear!!!!

Yea especially if they really are deaf... and 84 years old no less...

Reply by PAul2/FL on 6/4/05 5:12pm
Msg #42364

Re: I had a borrower once...

Hi Hugh..

It didn't matter what I told him or what he read he was suppose to do - he just "did it his way".

Reply by PAW_Fl on 6/4/05 5:41pm
Msg #42371

Re: I had a borrower once...

And according the FL SOS office for notaries, the way someone signs is "his legal signature", no matter what is printed on the paper. If the signatures are consistent and match their ID (within reason for a handwriting non-expert), then it is an acceptable signature. Your job is to ID the signer, not ID the signature, so if the signer signs with chicken scratch or something that doesn't even resemble his name, but it is consistent and matches ID, then you have done your job.

Reply by Nancy in Florida on 6/4/05 9:17pm
Msg #42411

Re: I had a borrower once...

I am glad to hear that about the chicken scratch signature. I had one the other day and both borrower's signatures looked exactly like chicken scratch and nothing like their names. Luckily it was at a Builder's office and I had access to a copy machine and copied the DL, which had the exact same chicken scratch signatures on them so I am covered.

I had one today that on the docs it said under the signature line "Print Name" and their names were already pre-printed yet they still printed their names on the signature line and signed above. It is so true they do not listen because as soon as I saw what they did I corrected them but they did it again! Also one of the borrowers signed in both the signature line and on the witness line. I left it and just signed above her signature. Since this was a Chase HELOC and they do not want any cross outs on or changes on these docs what so ever! I got burned with a correction of typo of an address once. Had them line through it, write the correction and initial. WRONG, Chase would not accept any cross outs, whether initialed or not. Since I could not reach anyone (after hours) I was told I should have cancel the closing. Okay in this business we learn something new everyday.

Reply by Paul2/FL on 6/4/05 11:06pm
Msg #42430

Re: I had a borrower once...

Hi Paul,
Thank you for posting this. I felt all along it was OK because that's the way he signs everything but the damn instructions clearly said to sign as shown on the documents on funding could be delayed. I didn't want to take the chance that I could be responsible for him not getting his loan on time so I had him re-sign. How do you get around this with the SS or lender when they clearly state to sign as printed? I would love nothing more than to have the borrowers sign the way they always do rather than forcing them to sign in a way that's not natural to them.

Reply by Bob-Chicago on 6/4/05 11:51pm
Msg #42437

Yes but...

If they use a chicken scratch, it should not be a problem,
If they write legibly and their name is printed a John R. Jones and they sign clearly as J.R. Jones or J. Richard Jones, they might well be sent back by the lender.
As I understand it, the Recorders generally do not care so long as there is some type of signature and it is properly notarized.

Reply by CAtitlegal on 6/5/05 12:56am
Msg #42443

Re: Yes but...

You are right. The recorder's office cares only that the document is recordable, according to the guidelines in their handy-dandy handbook. And if it's not in their handy-dandy handbook, you are up a creek.