Posted by Anonymous on 5/29/06 11:19am
Msg #122974

what would u do with a signature?

what would you do when the BR's signature is just a few lines or scratshes that does not contain any letter? or when the signature is the first name with a few scratch lines over it? my own signature was accepted before when i refinanced my own house when it is really just my first name! but if I do that as a SA it is concedered under siged doc.s.

Reply by Sylvia_FL on 5/29/06 11:30am
Msg #122976

I get a lot of those. Their signature is their signature whether it is just a scratch or whatver.

I had one borrower who signed with Arabic letters, and that was her legal signature, matched the signature on her drivers license.

Reply by SarahBeth_CA on 5/29/06 11:34am
Msg #122977

If bo's signature matches the signature on his id then you know it's ok. When you fill out the journal hold the id until they sign your journal and compare the signatures. That is a part of the id'ing process. As far as the docs go have them sign as preprinted.

Reply by GWest on 5/29/06 11:42am
Msg #122978

When I can not read a signature I ask them if they signed their name exactly as their name is typed. If they said yes, and it matches their I.D., I accept it.

Reply by Anonymous on 5/29/06 11:52am
Msg #122980

but if you say it is their legal signature, why do they have to sign differently on the loan doc.s? like as their name appear. and what if some doc.s in the same loan package have the name with the intial and some have the name without it?
one last thing, as a SA if the BO did not ask anything do you still have to explain the HUD?

Reply by Sylvia_FL on 5/29/06 12:11pm
Msg #122982

" as a SA if the BO did not ask anything do you still have to explain the HUD?"

We do not explain! We can only tell them that the HUD is their settlement statement and shows their closing costs etc. We cannot explain anything about it, why the figures are what they are etc. Any questions should be addressed to their LO

Reply by Jenny_CA on 5/29/06 12:20pm
Msg #122984

When I have received instructions that say signature must be legible I include a short note stating that that is how the borrower signs and do reference the siganature affidavit. ( This is of course with ID matching signatures)

Reply by Ilona_OH on 5/29/06 1:15pm
Msg #122989

I have had to go back to a BWR to resign because they tried

to make their sigs. legible for the docs but on the signature aff or the authorized signatur paper they didn't matchwell enough.If it matches their ID I now let them sign how they usually do even if the chicken could do a better job just scracthing.

Reply by Joan_OH on 5/29/06 1:45pm
Msg #122993

Re: I have had to go back to a BWR to resign because they tried

Don't you just LOVE those "sign exactly as printed" instructions. Had a general notary work job. Found out it was a 2nd Mort resign. Asian Doctors in OH purchasing property in CA and the 2nd Mort was rejected because the notary had Mrs. "sign exactly as printed". She had one of those Asian names that included 5 names (grandmothers, maiden, married and who knows what else).

Being a doctor, her "signature was a scribbled line. That is how she signed her signature Aff, that is what was on her Driver's license. The notary followed directions and had her sign exactly as printed. This was a Countrywide by the way.

I tell them to sign as printed. If its not legible, I'm happy! :-) I say "does that say John C Doe" and they say "yes" I'm doing the happy dance. If it matches their driver's license, no bank can reject that. Their legal mark is their legal mark.

True Story: My sister borrowed a large sum of money from a family member to use as a bridge loan. Current house was under contract, but had to close on new house first. When all was said and done, she went to the bank to withdraw the money to make a cashiers check to pay the other family member back. Since it was such a large sum, the bank looked at her recent mortgage docs to compare the signature she gave them at the counter to withdraw funds (her real signature-chicken scratch). It did not match the signature on her loan docs (nice & neat). They did not want to let her have her funds. Took 2 hours to convince someone to give her HER money. Bet some Loan Officer said "Now sign EXACTLY as typed.

Joan-OH

Reply by Reem Al-Hindi on 5/29/06 9:54pm
Msg #123014

??????????????

SO WHAT YOU ARE SAYING IS THAT THEY SIGN MY JORNAL LIKE THEIR ID. AND SIGN THE DOC.S LIKE IT SAYS????????

Reply by Joan_OH on 5/30/06 5:56am
Msg #123028

Re: ??????????????

I tell them the docs say "John C Doe" and that they will have to sign using their middle initial. If it not legible, I say "does that say John C Doe?" If the answer is yes and it matches the signature on their ID, we move on.

If it's legible and the middle initial is missing, I remind them to add the middle initial, comparing it to ID to see that it is legible too.

I just don't see how banks can have issues with signatures unless the signing agent makes them sign differently than they normally do. I'm not talking about middle initials here. I'm talking legible vs chicken scratch.

We are not required to keep a journal in Ohio. You might get a better journal answer from a notary in your state.

Joan-OH

Reply by GWest on 5/30/06 8:58am
Msg #123036

Re: ??????????????

I have them sign my journal exactly as they sign the loan documents.

Reply by Reem Al-Hindi on 5/30/06 9:30am
Msg #123040

Re: ??????????????

but sometimes this means that they are not using their real signature even in your jornal. what if the signature on the ID is different than what you need for the doc.s?

Reply by Marlene/USNA on 5/30/06 10:09am
Msg #123046

Re: ??????????????

It really doesn't matter how they sign where, except to the lender. The lender wants them to sign as their names are printed on the loan documents, and it's ok to ask them to do that. Even if they sign in chicken scratches or careful printing, if they signed with the intent to execute the document, then it's a legal signature.

As for signing your journal to match their ID - it's probably a good idea to help deter fraud because then you could compare signatures and if they don't match, you could refuse to notarize. It's not required of you to do this, but it's an extra service notary signing agents can provide to their customers. Some NSAs don't want this added responsibility, and that's ok, too.