Posted by jm on 6/19/09 10:29am
Msg #292845

Blue & Black Ink.......

would it stop a loan from being funded if one borrower signed in Blue and the other in Black?

Reply by jojo_MN on 6/19/09 10:37am
Msg #292846

Ask the hiring entity. Depends on lender. n/m

Reply by jm on 6/19/09 10:58am
Msg #292856

Re: Ask the hiring entity. Depends on lender.

I asked hiring entity and they said it depends on the county (which some have there own requirements) that the docs are being recorded in.

Reply by nancykay_mo on 6/19/09 10:58am
Msg #292857

Re: Ask the hiring entity. Depends on lender.

If lender asks for blue ink, I take special pens that have a funny case so I can tell when a BO has picked up his own pen. These pens are blue ink so when specified I can keep track easier when pens get switched. Helpful hint I hope

Reply by Linda Juenger on 6/19/09 11:25am
Msg #292860

Re: Ask the hiring entity. Depends on lender.

In my county it doesn't matter if it is black or blue, just as long as it is consistent throughout. If you start with blue, end with blue. Do not mix. I use blue most of the time.

A while back a timeshare I did required black, but they didn't say that. They returned the pkg to me and had to do a re-sign in black. Was paid extra.

Also a while back, the non-borrowering spouse wouldn't sit at the table for the entire process. She signed a doc, then left and came back when we called her. Somewhere along the way she picked up a black pen and signed. I didn't notice it at first, but when I did, we had to switch out docs from the copy pkg. She was a pita. oh well. When I get to borrowers homes, they sometimes have pens in hand ready to sign. I politely take them away and put them somewhere OFF the table so they can't get to them. They laugh.

Reply by notaryinmo on 6/19/09 11:52am
Msg #292867

Re: Ask the hiring entity. Depends on lender.

I've only had one package that specified black ink - all others require blue. I always take blue pens and make a presentation to the borrower's telling them that my blue pens are special for their documents. "Here's one for you Mrs. , and one for you too Mr. and I'm going to keep one out for myself. That way, no one will have to fight over the pen" I almost always get a laugh out of it and it seems to relax the atmosphere so we can get down to the task at hand. No one has ever had a problem with it.

Reply by MW/VA on 6/19/09 1:15pm
Msg #292885

I carry nice gel pens for signing. Almost all loans are signed in blue these days, with the exception of one major lender who insists on black. Both colors are acceptable in this state.
Whether the loan funds or not is entirely up to the lender. If there's a problem, I'm sure you'll hear about it--otherwise, I wouldn't worry too much.

Reply by jojo_MN on 6/19/09 2:26pm
Msg #292896

I would check before using the "nice gel pens" because most

companies won't allow the use of them. Gel pens can be erased. As far as I know, only ball point pens are allowed.

Reply by Linda_H/FL on 6/19/09 2:30pm
Msg #292897

Yep...I've seen many an instruction notice

specifically saying "do NOT use gel pens...ballpoint only"....I, too, use only ballpoint, specifically cheap buy by the bunch bic sticks..

Reply by cntrlcalntry on 6/19/09 2:48pm
Msg #292900

Did you ever notice...

When you buy nice pens they dont last very long but when I buy the
papermates nobody wants to keep them! I get embarrased to put out
cheap pens but honestly the good ones dont stay around long!

Reply by Ken/NoCal on 6/19/09 2:49pm
Msg #292901

Re: Did you ever notice...

I have been using the gel pens for years, never had a complaint or issue yet.

Reply by Lee/AR on 6/19/09 4:46pm
Msg #292915

Re: Did you ever notice...

Not being paid enough to add another $2-$4 to 'my cost' of doing a signing by leaving nice pens with them. They want pens, they can go to their bank (who probably use cheap, but imprinted pens, anyway). I use stick pens with caps & pocket the caps--hey, I'm going to need these pens for my next signing down the road. A few Lenders 'used to' include really nice "right color" pens in their o/n packages. I've lately noticed either the pens are cheaper or there aren't any. Your business/your choice. This is mine. Tho' I do carry a few of the ergonomic pens for those people who really do have a problem---and make darn sure I get them back!

Reply by parkerc/ME on 6/19/09 6:44pm
Msg #292930

Re: Did you ever notice...

I use the Uniball Signo. . the one recommended to prevent check fraud . . .can't be erased or washed.

Reply by MW/VA on 6/19/09 8:01pm
Msg #292934

Re: Did you ever notice...

Same here & I've been using them for 4 years without any issues. I also don't leave those pens with the borrowers.

Reply by Yowheelz on 6/19/09 8:30pm
Msg #292935

had borrowers use different color ink once, had to go back

Did the siging on a coffee table in a very dark room via the light of the TV. Had handed the borrowers pens to use but one put my pen aside and picked up his own pen. I didn't notice until I got home in good light. TC had me go back and get the borrowers to use the same color pens. I've been all but paranoid about the use of pens ever since.

Have never seen instructions to use any specific type of pen only color.

Reply by Claudine Osborne on 6/19/09 10:14pm
Msg #292945

Re: had borrowers use different color ink once, had to go back

I have nice black pens that are imprinted with my company logo. Borrowers allways ask me to keep them. I tell them they can keep them if they sign everything correctly, they try extra hard to comply. Spouses will compete against each other. Yes this is a little pricey but I consider it a good business practice!

Reply by John Schenk on 6/19/09 11:14pm
Msg #292951

Re: had borrowers use different color ink once, had to go back

I use Pilot Precise Grip Extra Fine pens, for both blue and black. THEY LOVE THEM to sign with. Sometimes they ask me if they can keep one, and I give it to them. They don't have my name on them, and I wouldn't pay to put it on them, but if you want a great, cheap, pen to let your borrowers sign with, try'em out. Only had ONE borrower that didn't like signing with it. He bore down writing his siggy real hard, and they have a fairly fine tip that "can" bend. Other than that, they've been great. I make'em sign everything correctly whether they want to or not. LOL I have gone back and done refis a quite a few times for borrowers that I have had before, but THEY didn't hire me. Why waste my money giving pens to someone that never hired me in the first place? They paid for me, but they didn't give me the call. I'd rather bank my money than give it away, but if you think you get enough return business out of it, then I think that's just peachy! Tight wad that I am, I'm gonna hold on to my cheapy pens, and give one away once in a while at a cheaper cost.

JJ :-)

Reply by Bob_Chicago on 6/20/09 10:27am
Msg #292976

I can understand why a bad person would want to

erase the info on the check to raise amount, change payee, etc,
But why in the world would someone want to erase a genuine signature from
a loan doc and substitute the signature of a forger???

Reply by MikeC/NY on 6/19/09 10:10pm
Msg #292944

That depends on your client - and you should ultimately be in control of who's signing with what ink color... Don't let them use their favorite pen, give them a pen to use...

What could be more important than what your client wants is what your county recorder requires, and you should be aware of that. I have had several packages where the SS/TC insisted that EVERYTHING must be signed in blue ink. The two counties I service will reject any recordable document not signed with black ink. This usually leads to a discussion with the SS/TC about what the bank wants vs what the county recorder wants, and I just tell them that if I do it their way, it won't record. Most agree; if they get adamant about it, I send them the URL to the county recorder's web site where the requirements are listed. End result is usually that the recordables are signed in black, everything else in blue.

Reply by pan/nd on 6/19/09 11:10pm
Msg #292949

Don't know where you're from jm...but

if it's Wisconsin....you can have borrowers sign with any color of pen they want as long as it's

black.

It must be black per Wisconsin state law.