Posted by SueW/Tn on 4/20/07 2:20pm
Msg #186159

Wow are my eyes opened...

I'm in Tennessee where there isn't near the competition, I stay somewhat busy, it's a living. I read on another board some very enlightening info and I want to see what the general thoughts are on this one. A former LO wrote in reply to questions about date sensitive docs that "in Ca. as long as they sign within a day or 2 of the doc date everything is ok. It would be IMPOSSIBLE to ALWAYS have everyone sign on the exact date of docs. It just doesn't work that way". Holy Smokes! Ya mean you SA's in California can switch dates and make your calendar actually work in your favor? Do I need to move back to California?????

Reply by Lisa/VA on 4/20/07 2:42pm
Msg #186166

Now I don't feel so bad wondering about that. My last signing was done with a NDSS and a LO in CA and they couldn't understand why I questioned all the different dates. Worked with the LO to get the docs sent to me with the same dates on each (and I had to eat the extra copies printed). Made for some tense moments before I had to dash to the bwr's house!

Reply by Gary_CA on 4/20/07 2:49pm
Msg #186168

ROFLMAO... you better open the other eye

that's not what he meant... he means it can be signed within a day or two of the doc dates... what he didn't tell you is that they wait a day or two and then call the notary at 3pm and hope we can get the package signed and in FedEx's hand by tonight.

Or...

The docs got in but title needed to do yada yada, so they're a day old, but the borrower is out of town... so we need you to wait till tommorow but get it done....

Or... they did the docs and actually had them out the day they were dated... to Doofus the Notary who put his seal on every doc in the package, upside down, except the DOT... could you please, please re-sign... and the borrower's a little touchy, but he'll be fine.

Notary can adjust his calendar... that's a good one.

Reply by SueW/Tn on 4/20/07 3:30pm
Msg #186175

Re: ROFLMAO... you better open the other eye

Of course I agree totally with you Gary, I'm just repeating what a former LO turned SA stated on another board. She made it sound as if Ca. SA's were able to work things into their schedule because you folks have an "estimated HUD" and that there are so many variables that it "won't hurt". I was floored, I've busted my hump to make sure I was always on time and I can't tell you the zillions of times I could have made my own life easier if I just reorganized my day. Know what I mean?

Reply by Gary_CA on 4/20/07 3:41pm
Msg #186181

Quit it now, you're givin' me the hiccups...

Oh a LO... I missed that detail in the first post...

You know every LO in the state has the same middle name, right...

Noproblemdontworry

She's right, it's not too uncommon to sign packages with a day or two old date on 'em... and just fix the RTC and notarize the right date (sometimes even put the right date next to the signature on all the misc. junk, sometimes they want that to match).

But none of that leeway is allowed to the notary, let me assure you.

It is a little humorous working both sides and seeing the phenomonal amout of BS that gets slathered on.

Notary shame on you, the borrower's wife left out her middle initial on page three of the "Disclosure Regarding Property Taxes" and the loan will not fund unless you get it fixed and drive it to Timbucktoo before midnight...

There's a reason why that loan can't fund today... we don't know what it is yet but we're damn certain that it aint the initial.

Reply by Blueink_CA on 4/20/07 5:05pm
Msg #186187

Re: I've found that it depends on the lender

I've had some docs that were "good for 30 days", others needed to be redrawn (and reprinted) hence my ever-growing 'to be shredded' pile. If I need to reprint due to no fault of my own, I always receive another print fee.

Loan docs are like ice cream - so many different flavors.

Reply by CaliNotary on 4/21/07 12:21am
Msg #186228

Re: Quit it now, you're givin' me the hiccups...

"She's right, it's not too uncommon to sign packages with a day or two old date on 'em..."

Not only is it not too uncommon, it's pretty much the norm. Aside from the Citibank HELOCs and equity loans that I do, it's pretty rare for the docs to actually be dated the same day as I'm signing.

Reply by Les_CO on 4/20/07 5:21pm
Msg #186189

I think she simply meant that CA is a 'Escrow State', not a good funds, or 'Table State'. Hence the "estimated HUD". Many times the "actual HUD" is not prepaired until the day of the closing. This is not necessarly the date the documents were drafted, or the date they were signed. I don't think she meant "Call the borrower, and do the signing whenever it more convenient."

Reply by NCLisa on 4/20/07 9:02pm
Msg #186211

When I was an EO in NC, documents were not date sensitive. In fact I never scheduled a closing until I had docs in my hands. The docs normally expired the date of the rate lock. It made no difference what day the Est. closing statement was signed, as it was an estimate.

Here in NC, most docs are date sensitive, but it is totally up to the lender. We are a table closing state when it comes to purchases, which I despise. I prefer escrow states, causes a lot less trouble.

Reply by Mary Ellen Harvley on 2/7/09 12:54am
Msg #276821

Go to your County Registrar of Deeds office and you will see that the doc date may not be the same as the date the docs were signed.

I'm in TN.