Posted by SK_Notary on 2/1/06 12:27am
Msg #92846

One Borrower Missing

Have a signing where there are 2 borrowers. One borrower is out of town with a family emergency. SS said to still have one borrower sign and ship docs? Any opinions or advice?

Reply by CaliNotary on 2/1/06 12:34am
Msg #92847

Yeah, have the one borrower sign and then ship the docs. Why are you questioning this?

Reply by SK_Notary on 2/1/06 12:37am
Msg #92848

I wasn't questioning it earlier until I started thinking about backdating and if they will have the other borrower do that. Maybe i got a little paranoid, but that is what crossed my mind. Thanks for the advice.

Reply by CaliNotary on 2/1/06 12:43am
Msg #92849

There's nothing you can do about it if they try to have the other borrower backdate, which is unlikely, this type of signing is fairly common.

Just do your job properly, don't concern yourself with other people doing their jobs properly unless it directly affects you doing your job.

Reply by SK_Notary on 2/1/06 12:52am
Msg #92850

I appreciate the info. I have been doing this for approx a year and I have never had a borrower missing. Although a simple answer it was nice to bounce it off someone.

Reply by LilyMD on 2/1/06 7:22am
Msg #92856

Cali's right, this isn't uncommon and there's usually no backdating involved. I have been on the receiving end of the docs and just had the second borrower sign/date the "second" date. No problems.

Reply by Dee_Fla on 2/1/06 9:52am
Msg #92920

however, there should had been a POA ... if that was available things would not had been slowed down to process the loan. If the TC/Lender and the SS said it was ok, then it is an issue they will have to fix and deal with, as long as you still get paid for it.

however, I do understand why you were feeling the way you were, I too would had the same questions/feelings. Its justifiable!

d

Reply by CarolynCO on 2/1/06 10:02am
Msg #92926

Re: POA

While the POA would have allowed the one BO to sign in the other's absence, this isn't always the case. It's not uncommon to sign/witness/notarize *only* one BO and ship the docs.

Reply by CaliNotary on 2/1/06 2:26pm
Msg #93048

"If the TC/Lender and the SS said it was ok, then it is an issue they will have to fix and deal with"

What exactly needs to be "fixed"?

Reply by BetsyMI on 2/1/06 10:05am
Msg #92929

Just make sure you aren't notarizing anything that has both borrower's names on it where the other borrower could insert his or her name on it at a later date. You are only notarizing the one borrower that will be in front of you. Maybe that's what had you worried?

Reply by Tina/Idaho on 2/1/06 12:22pm
Msg #93005

Not too long ago on a post this was discussed. It is done all the time. Be sure to use the notary certificates in the package, since your borrower is signing first. Cross out the 2nd borrower info if it is included (only in the certificates!). You can only notarize for the borrower in front of you. At the second signing, that notary will need to add attachments for the certificates, and hopefully they will know the notary laws and date them for the time of that signing. But that part is not your concern. Just what you do. With all of the double signings we have done, normally we are the one to ship the docs to the second borrower, but on occasion we have had the first borrower do that. Just follow the instructions and you will be fine.