Posted by Bob_Chicago on 1/1/06 11:11am
Msg #85490

Alert on new 1003 form

Please note that most 1003 (application)
forms now have a place for bwr signature at the
upper right hand corner of Page 1

Reply by SarahBeth_CA on 1/1/06 12:54pm
Msg #85505

Thanks for the heads up Bob.

Reply by thnotary_NY on 1/1/06 2:27pm
Msg #85512

I wonder whose bright idea that was.??!!

Reply by Anonymous on 1/1/06 5:07pm
Msg #85518

Aw! That's just another test for us. lol nm

Reply by PAW_Fl on 1/1/06 7:46pm
Msg #85522

You may want to view the thread on GMN at
http://members.boardhost.com/gomobilenotary/msg/1135807467.html
for more information.

Reply by MonicaFL on 1/1/06 8:28pm
Msg #85526

If you read that closely it states: If the borrowers are applying for "joint" credit. With that statement in mind, I don't think they would sign it if they are not applying for "joint" credit. Any thoughts?

Reply by PAW_Fl on 1/1/06 10:19pm
Msg #85543

I agree that it is for joint accounts only. That is basically the thrust of the conversation in the GMN thread I referenced.

On Tuesday, when I talk with a couple of my brokers, I'm going to ask them what their take is and if they have been provided any direction by their mortgage companies.

Reply by BrendaTx on 1/1/06 10:25pm
Msg #85546

Re: Alert on new 1003 form - thanks PaulFL...

**I agree that it is for joint accounts only.**

These little squirrelly things in our signing agent world can really be a PITA. I can just see me obsessing over this kind of thing in my sleep when I first got started.

I also will call a LO and find out what they think.

Reply by PAW_Fl on 1/1/06 10:30pm
Msg #85547

Re: Alert on new 1003 form - thanks PaulFL...

The top of the form, just above the signature states:

If this is an application for joint credit, Borrower and Co-Borrower each agree that we intend to apply for joint credit (sign below):
_________________________________________ _________________________________________

(You can view/download the new 1003 in PDF format from my website -> Forms)

Reply by Kydocrunner on 1/28/06 5:19pm
Msg #92110

I only have them sign if joint credit applies.