Posted by Dan Donofrio on 3/10/07 9:33am
Msg #179356

First Signing Help

I have my first Partial Signing on Sunday. They are edocs. The documents are:

Adjustable Rate Addendum to Note

Interest Only Addendum to Adjustable Note

Multi-State ARM Note, 6 mo Libor

Addendum to Adjustable Rate Rider

Multi-State ARM Rider, 6 mo Libor

Interest Only Addendum to I/O Rider

Disclosure 2/6 Libor ARM Interest Only



My question is the documents are not a jurat or acknowledgment. There is no place for me to sign, just the 2 borrowers. There is a place for a witness. Would I be considered a witness or do I just watch them sign and mail it back to the company?

Reply by MistarellaFL on 3/10/07 9:36am
Msg #179359

None of those docs require a notarizaton.
Call the client to see if witnesses are required.

Reply by PAW on 3/10/07 10:49am
Msg #179375

Are these ALL the documents? The reason I ask, is that I see the Note and Addendum, and Riders, but no DOT/mortgage. The Riders are a part of the DOT or mortgage. None of the listed documents typically need notarizing, but the missing DOT/mortgage typically would need to have the signatures notarized.

As for witnesses, does NJ require Notes and DOT/mortgages to be witnessed? Does the lender want witnesses?

Reply by LisaWI on 3/10/07 11:17am
Msg #179379

Is this a test question??

Reply by Dorothy_MI on 3/10/07 12:28pm
Msg #179387

Sounds like a modification agreement to me. But please tell me if you have to ask this basic a question, where did you get your loan signing training? PLEASE, get much, much more training before you accept any more assignments! You are not doing either yourself nor the borrower's any favors by plunging in when you don't know diddly about what you're doing. A house is most people's greatest assest and it's future surely does not belong in the hands of someone so unknowledgeable. I am not trying to be mean, but it is the truth. This is a profession you have choosen, at least learn the basics before starting out.

Reply by bfd110_IN on 3/10/07 1:23pm
Msg #179396

I second that !!! n/m

Reply by Charles_Ca on 3/10/07 1:50pm
Msg #179399

Re: First Signing Help ~ Doorothy I wish we could can that

make it a mandatory drink at each notary class held. I see so much, especially here in CA where there are new notaries who muck up the tranasaction because they have no concept of what they are doing. This serves to taint the whole notary profession and reduces everyone to a glorified secretary: that is why some SS set their rates so low. I hope all newbies take heed and study the documentation BEFORE they go out, it is not that hard!

Reply by ME/NJ on 3/10/07 7:33pm
Msg #179422

Sounds like someone who knows what to do will be cleaning up your work later this week.

Reply by MARY ANN Bone on 3/11/07 8:11pm
Msg #179490

Aren't we mean. Everyone starts somewhere adn it is difficult getting a notary to take you along on a signing. Lets be a little more supportive. I will add that you can never get enough training and look at your documents closely and research them prior to doing any closings. Know what you need prior to going into a person's home.

Reply by MelissaCT on 3/12/07 7:50am
Msg #179521

Mary Ann - Aren't we mean?

It's mean to tell someone to learn how to do the job instead of botching a deal worth thousands of $$ and possibly contributing to or causing the loss of a rate lock or worse. I expect my mechanic to know what he/she is doing before ever attempting to work on my car, why should being a NSA be any different?

As for "ride-alongs": Would you want a stranger, besides the notary that has been hired to do the job, knowing your intimate financial details? As a lender, would you want someone that you have no contract with to be involved in the transaction at all? As a businessperson, would you want to train your competition?

Where I live, little league is big. The high school coaches are involved with little league here. The high school coaches have say in which kids are on which teams. Why? Because they don't want to train kids that will ultimately attend the rival school here in town. Same principal applies in this business.