Posted by Tess on 2/22/07 11:16am
Msg #176730

Title company reviewing critical docs over the phone

How many of you have come across a title company that wants to review the critical docs over the phone while you are starting the signing? Have you found that this is a new requirement some are now doing here in PA or elsewhere or something that has been done before?

Reply by janCA on 2/22/07 11:25am
Msg #176733

About 2 yrs ago I did a signing where everything on the HUD was highlighted in different colors and the lender went over this with the borrower at the beginning of the signing. They also went over the Note. It was kind of trippy but all questions were answered right from the get-go. The borrowers then just signed away.

Reply by ewing2surf on 2/22/07 11:46am
Msg #176738

I worked for a company about 7 years ago I think their name was Spectrum something. They would include a check to me for the signing in the loan package sent directly to the borrower. I arrived at the borrowers house at a specific time and the Company representative would already be reviewing the loan over the phone when I got there. I only notarized, reviewed the signatures and took the overnight envelope to the drop box.

Reply by ZeeCA on 2/22/07 11:50am
Msg #176740

this can add an hour or more to the signing

when it happened to me... they spent an hour on the HUD alone and then moved on....

total waste of my time and this should have been addressed before I got there. I had to cancel a signing as this one took FOUR hours.

Reply by ewing2surf on 2/22/07 11:55am
Msg #176741

Wow! Now that is a serious issue that the notary should be told when the signing is being booked. You should disclose the company so the rest of us will know what to ask if we get called by them.

Reply by CaliNotary on 2/22/07 12:41pm
Msg #176762

"total waste of my time and this should have been addressed before I got there. I had to cancel a signing as this one took FOUR hours"

No, you chose to cancel a signing. Which was HIGHLY unprofessional of you to do.

What you should have done was packed up your stuff after the first half hour and told them they needed to reschedule when they were ready to sign. If you allow yourself to be stuck at a signing for 4 hours, you have nobody to blame but yourself.

Reply by Tess on 2/22/07 12:08pm
Msg #176745

Trust Title

I worked for them before and this was not "part of their process" till now. I am wondering if this has anything to do with another Title Company that has been blogging about wanting to stop us from doing signings here in PA or not? Fear maybe?

And no, I did not know until I received confirmation.

Reply by MistarellaFL on 2/22/07 1:26pm
Msg #176784

Tess it could be lender specific

I have had a few lenders who require either title or attorney to go over docs
rather than the NSA.

Reply by sue_pa on 2/22/07 1:42pm
Msg #176789

Tess - I also saw that blog and then some. Please e-mail me [e-mail address].