Posted by Susan Fischer on 12/3/06 11:53pm
Msg #163697

Security breach question: docs sent to subject property

address, not to borrowers' mailing address. Subject property is 4-plex with leasees . Renters opened loan docs, presumably read them, and re-sealed the envelope with scotch tape, saying, of course, it arrived that way.

Why is this not an egregious act of negligence on the part of the sender, who has been informed since the onset of the transaction that the borrowers live in one state, and the subject property is in another, and the renters now have full availability to the particulars of a real estate loan transaction of the landlords? I, of course, had nothing to say on the subject, other than it might be a good idea to speak with their loan officer about the incident. I kept my mortification to myself, but it wasn't easy.

Is there a background check on stupidity?

Reply by ReneeK_MI on 12/4/06 4:55am
Msg #163703

It's such an easy mistake to make and happens rather frequently. I feel bad for the person responsible for this - but this is one more reason why most lenders use title co's and have the closing process insured. Odds are, that's where any claims will land.

Isn't it also a crime to open someone else's mail?

Reply by Lisa Prestegard on 12/4/06 7:12am
Msg #163706

And the NNA is worried about Notaries Public and privacy?

Sheesh.
I wish I could count the times I have received overnight docs, only to have to call the TC or SS and inform THEM that while the property is in FL, the Borrower's are in NY/CA/TN etc...
It used to happen so often that I have started asking at the onset of the assignment if the signing location has been confirmed.

Again, I ask: Where are the demands for Signing Service employees and owners to have background checks and compliance training? I haven't seen the NNA try to convince the Title Underwriters, Mortgage/Lending Industry or TC's of the necessity for this.
Oh, dear... maybe I've just given them their 2007 campaign for continued revenue streams? lol

Reply by SarahBeth_CA on 12/4/06 9:01am
Msg #163715

Re: And the NNA is worried about Notaries Public and privacy

Oh crap Lisa you did it now. They better send you a bonus if they use your idea.

Reply by Lisa Prestegard on 12/4/06 9:21am
Msg #163719

Disclaimer to NNA trolls...

and I mean "trolls" in the nicest possible way: If you use my marketing idea for any upcoming campaign to generate additional revenue, I expect to be fairly compensated.
And, no... I do not want a "complimentary membership" in lieu of money.
:p~~~

Reply by Shannon_Va on 12/5/06 3:18pm
Msg #164023

Re: And the NNA is worried about Notaries Public and privacy?

I know that here in Virginia, to be a licensed title underwriter or a settlement agent, part of our application is to have a state police criminal background check done or you cant get your license.

Reply by Glenn Strickler on 12/4/06 11:35am
Msg #163742

Could be why my edoc business in on the increase....... n/m