Posted by Dee_Fla on 6/8/06 10:21am
Msg #124743
RESPA
ok....I got a call from a SS...sent me the confirmation and instructions....talked to the LO...
Now, I have three contradictions to what needed to be done. First the confirmation with the instructions told me one thing, James at the SS said something totally different and so did the LO...and when I printed the docs, it was a whole different story.
Instructions told me I needed copies of the business lisc, etc....
SS said it was just a "pick it up" ..sign some papers pick up a few things andd fax/ship out.
LO said it is a RESPA...and that wife didnt have to be there to sign and he could sign for her. I was like "huh?" I dont think so. There were two different loan applications, with two different amounts, so I assumed maybe it was first and 2nd, it also had two different TIL and good faith. All clearly said the wife was on the loan and she was to sign it. Yet....when talking to the borrower, he said this was not suppose to be like this at all. and no way he is going to sign for his wife. so he cancelled.
Who is miscommunicating to the borrower and me? As the borrower said this was suppose to be only for an appraisal signing- nothing more, to have the appraisal done. Is the Lender pulling a fast one or are we misunderstanding what is really being done?
How would you react and what would you do?
Personally, I refuse to do any type of signings if the spouse is not there to sign.
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Reply by Tina_MA on 6/8/06 11:21am
Msg #124754
In Massachusetts, there is no such thing as an appraisal signing.
Here the LO calls the appraiser, and then appraiser calls the borrower and sets up an appointment for it to be completed.
No paperwork is required to be signed beforehand.
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