Posted by Stamper_WI on 10/23/06 8:01pm
Msg #154623

New Countrywide Doc?

I did a Countrywide piggyback tonight. There is a new ID verification called an Identity Affidavit.
The borrowers fill out the information with Birthdate, SS an ID number and sign it. The Notary notarizes it, The Settlement agent then signs a certification that the borrowers info and the notaries info from the Photo Identification page is the same.

Is this an extra measure in the ID process? Or fallout from some poor notarial work(maybe unreadable handwriting?). Anyone else run across this? New to me.

Reply by Teresa/FL on 10/23/06 8:08pm
Msg #154624

I've done three of these in the past week.

Reply by April Livingston on 10/23/06 8:40pm
Msg #154628

I work for a title company and happen to sit across from the Countrywide Team. I've heard them say this is just a new document that the lender is now requiring. I don't feel it has anything to do with notary errors.

Reply by Notary/Run on 10/23/06 8:41pm
Msg #154629

I got one of these on a refi about a month ago with Oak Street Mortgage.

Reply by Bonnie Frederikson on 10/23/06 9:13pm
Msg #154638

I've been seeing these alot. I don't think it has anything to do with us.

Reply by ReneeK_MI on 10/24/06 5:22am
Msg #154668

Sounds like CW wanted something the Settlement Agent could legitimately attest to with their own signature - a doc that's responding specific to Settlement Agents NOT being at the table first-person. The Settlement Agent's signature/attestation carries the weight since they are providing the insurance over the closing process, and this provides a more direct means of liability.

Reply by BrendaTx on 10/24/06 5:44am
Msg #154669

I'm telling you guys, the packages are huge in Texas. I have seen this document many times in various packages. I also got the impression that Renee's scenario is the purpose.

In a regular Tx package, three different docs may say the same thing. The bwr swears to the same things at least twice, quite often three times, and on occasion as many as four.

I don't have a good explanation for it so I tell the exhausted bwrs, "I don't know for sure why you have to sign different forms saying the same thing, but I figure one good guess is
-One for Title
-One for Lender
-One to meet Texas criteria which might not have been met by the other two."

(This is not referencing the two DOTs and two Notes in a rev mort package. However, the title docs in a rev mortgage package in Texas increase the size of it up to right at 160 pages. If there are lots of repairs to do...add another 20.)

Reply by MistarellaFL on 10/24/06 5:54am
Msg #154670

I do lots of CW and FS, and they began using this )at the branches I work with) about 2 weeks ago.

Reply by MICarole on 10/24/06 6:24am
Msg #154671

Re: Not just CW, Chas too n/m

Reply by sue_pa on 10/24/06 7:48am
Msg #154675

I've had a few of these. Every time there is only one form. Never one for the co-borrower.

Also, how the settlement agent can attest that the info proivided 'exactly matches' what we were shown at the table escapes me.

Reply by DM_FL on 10/24/06 4:51pm
Msg #154745

Funny, I just received one these forms back from a signing that I completed last week. It seems that CW wants the NOTARY--not the Settlement Agent--to sign attesting that the info matches. I informed the company that sent me that I would have to mark through the "Settlement Agent" portion and write in "Notary Public". I told them that I cannot sign as the Settlement Agent because I'm NOT the Settlement Agent. They said that CW wanted it that way and would not allow them--the ACTUAL Settlement Agent--to sign because they were not at the table to view the info. They weren't too sure how CW would take it if I marked through the "Settlement Agent" title. However, they don't have a choice because I cannot sign it any other way. I'll see if there's any fallout.

Reply by Teresa/FL on 10/24/06 5:29pm
Msg #154751

Devetria,

Since you already signed the doc. as the Notary Public, and affixed your seal, wouldn't it be redundant for you to sign again? My understanding is that we are to use the Notary Public title only when performing a notarization, so if you are going to sign again maybe your title should be "Signing Agent."

Reply by DM_FL on 10/25/06 2:50pm
Msg #154939

That's a good idea Teresa.

Reply by Stamper_WI on 10/24/06 6:03pm
Msg #154754

Coborrower

I had two with the borrowers name on it. There was an instruction sheet stating the co borrowers was to cross out the other name on one and put theirs in.