Posted by JustANotary on 2/21/08 6:02pm
Msg #236459

Changing a date and initialing

I just did a signing for a SS. I emailed to get a FedEx account number so I could send the papers back. They said I have to fax back some pages. I said they did not mention that when they called & told me the amount they would pay. So, I faxed back & they said that I need to have a page resigned because a date was changed. I said all you have to do is initial the changed date. They said no, that this division of this lender will not accept this. I said if you have a lender like that, that also should be mentioned when you ask the notary if they want to take the job.

What do you all think? Have you ever had lenders who would not let you make a correction & initial the correction?

Reply by christiSocal on 2/21/08 6:42pm
Msg #236462

I just had that happen a week or so ago. Seemed kinda silly to me too. Mine was a Fair Lending Notice (Act of 1977). They wanted it dated for the new date too, not the original signing date. Somethin new everyday!

Reply by Ndwa on 2/21/08 6:52pm
Msg #236465

"...because a date was changed. I said all you have to do is initial the changed date. "

Borrower is the only one to initial change/correction, NOT THE NOTARY.

Reply by Cam/CA on 2/21/08 7:05pm
Msg #236466

Was they date change initialed by the Notary? I didn't catch

that in the original post, I thought the poster only had the Borrowers initial...Please clarify.
Thanks.

Reply by christiSocal on 2/21/08 8:21pm
Msg #236487

I was thinking borrower too.

I agree Andy, Never the notary

Reply by Larry/Ca on 2/21/08 7:44pm
Msg #236479

"I said all you have to do is initial the changed date"

Are you suggesting that someone other than the borrowers can sign the borrowers initials? It has always been the signers (borrowers) on the document than must initial a change.

Reply by LKT/CA on 2/21/08 7:54pm
Msg #236483

<<<What do you all think? Have you ever had lenders who would not let you make a correction & initial the correction?>>>

The answer to your questions is Yes. While reviewing docs before the appt, I see discrepancies and call the TC. Some don't want the docs even breathed on, much less corrections made on the docs so they resend ill papers with the corrections. Others allow the borrower to line through, write in the correction and initial. I treat each signing as a unique signing.

Reply by Paul/Oh on 2/21/08 9:56pm
Msg #236499

If the bo puts in the wrong month but correct day & year , would he cross out the whole thing and write the correct month etc or just the wrong number and initial?

Reply by ItsMe123 on 2/22/08 12:10pm
Msg #236596

Best way - Fix it when you are there with borrower copies

If a borrower has an error (wrong date, forgets middle name, etc) just redo the doc when you are at the closing with the borrower's copy. That way it will not be an issue.

I honestly have to say it is rare when I don't have a little borrower boo-boo. A lot of times they are so nervous to sign everything just right (not to mention they are sitting in front of a total stranger that can see their whole life in paper) that it they are more prone to boo boos.

Just make a joke about (like saying the following with a understanding joking way "I am glad you did it. One of us was bound to it and it is usually me" ) and pull the same doc from the borrower's package. Tell them, "I know this may seem silly but I want to make sure the loan process continues to go smoothly for you. I don't see this boo boo as an issue but I can say that if we redo it right now, it definitely will not be an issue" .

They also know when you do this, their borrower copies are the exact same as the lenders

Reply by LKT/CA on 2/22/08 1:01pm
Msg #236621

That only works if dates are not preprinted.... n/m

Reply by Dennis_IN on 2/21/08 9:56pm
Msg #236500

If the borrower makes a mistake I will often use one of the borrower's copies to correct a write over of a date .... Especially the title & funding docs. Better safe than sorry.

Reply by JanetK_CA on 2/22/08 1:14am
Msg #236516

I agree. But to the original question, I DO think that if this is a client that does not allow any strike-outs, the notary certainly should be told ahead of time.

Reply by ItsMe123 on 2/22/08 12:32pm
Msg #236606

Janet,
With due respect, I have to say I disagree. Once they do this, they get in a position where they have to troubleshoot every possible boo boo. This will result in longer instructions, everyone having even more deviation in their instructions, thus more errors as a whole. Your job isn't just stamping, it includes doing all you can to insure an error free package.
This is a common sense thing --watch the docs when they are signed and fix it when you are there.