Posted by Kelli Deskins on 12/21/06 8:29pm
Msg #167281

quick question

this is my first signing...the borrowers copy, I don't leave that with them correct?

Reply by Michelle/AL on 12/21/06 8:31pm
Msg #167282

Yes. If the signing is successful, you do.

Reply by Kate/CA on 12/21/06 9:34pm
Msg #167301

There should be two sets of docs, one for you to return to the Title Company or lender and one is left for the borrower. Without the package the borrower has nothing to review to decide if they want to keep the loan or cancel the loan.

Reply by Ernest__CT on 12/22/06 3:06pm
Msg #167407

Borrower's copy: Leave it UNLESS ...

... the borrower doesn't sign. If the borrower does not sign and they want to keep their copy, call your contact at the lender to ask whether to leave the borrower's copy.

There are other threads about keeping control of the borrower's copy. Never give it to the borrower at the beginning of the signing! That way you won't have to ask for it back if the signing goes sour.