Posted by Gena_in_MD on 7/24/06 12:28pm
Msg #134994

Affidavit and statment of identity

Is this a document that I need to have the borrower fill out during the signing?

Help!

Reply by Charm_AL on 7/24/06 12:36pm
Msg #134997

Is this a trick question??? n/m

Reply by BrendaTx on 7/24/06 12:38pm
Msg #134998

Good question, Charming. If I did not know better, I'd think it was a test question. But, I am not certain about that. I cannot imagine why else the question would be asked. If it is in the package, it is obvious what the answer is.

Reply by SarahBeth_CA on 7/24/06 12:52pm
Msg #135002

Use the orange search button and look this up. There are several good answers in the archives. Please pay attention to the Important Notice with the picture of the light bulb when starting a new thread.

Reply by Amy Tatusko on 7/24/06 1:23pm
Msg #135009

Search isn't working or maybe I'm doing something wrong. Maybe someone could post
a copy of the collection letter here. Thanks.

Reply by Gena_in_MD on 7/24/06 1:26pm
Msg #135010

I thank you for the search recommendation, but it doesn't appear to be working, and I have placed a call. This is not a test and no I haven't seen all the different lender froms. Can someone directly answer the question. Pleeeeease.

Reply by SarahBeth_CA on 7/24/06 1:40pm
Msg #135012

Ok that's weird, never seen that before

Now I agree with the sarcastic responses and if search wasn't down I wouldn't bother. It's obvious your new and haven't come across this till now. It's clear when looking at the doc that the borrower is to fill it out and sign it. If at all possible call the borrower and ask them if it's possible to fax it over to them. This doc can take from 5 to 30 minutes for the borrower to fill out. If you can't fax just give it to them to fill out while you are entering your information in your journal. They can finish up while your double checking the docs once they are signed. Of the packages I have done whenever there's a AOI many times there's also a form for them to fill out there home-owners insurance info. Give the borrower a heads up that they will need to be prepared with this info on hand for filling out docs.

You'll get used to the docs that are usually in packages with some experience. Until they pour over what you get, it's inevitable that some lo or tc will come up with something you haven't seen before.

Reply by Lynn Lowry on 7/24/06 2:30pm
Msg #135024

This is a good question to ask . . .

. . . if you mean does the Signing Agent fill out the form or does the borrower. I ask the borrower what other names they go by and write them myself, as my printing is very neat and I can't count on the borrower's. The borrower, of course, signs where indicated.

You should write N/A on any lines where a name is not written.

Reply by MistarellaFL on 7/24/06 3:43pm
Msg #135035

Re: This is a good question to ask . . .

Or...in my experience, "no aliases" on the first line works too.
It may be a lender/TC preference.
It is best to ask the hiring party what is expected.
We can give good information, based on our experiences,
but it all boils down to how the hiring party wants it done.
JMO

Reply by Lynn Lowry on 7/24/06 4:20pm
Msg #135046

Re: This is a good question to ask . . .

"No aliases" would work if the borrower doesn't go by any other name(s), but I have found that N/A entered on unused lines has been acceptable for all companies for which I have done so.

Reply by MistarellaFL on 7/24/06 7:41pm
Msg #135069

You are absolutely correct, Lynn n/m