Posted by Teresa/WA on 6/11/09 11:23am
Msg #291955

No ss card

What do you do when the lender/title company is telling you to get a copy of BOTH drivers license & ss card copy of the borrower but the borrower can not find ss card? Will the doc's still be accepted?

Reply by notaryinmo on 6/11/09 11:27am
Msg #291956

Not sure about WA, but in MO, a person can go into the SSA office and request a printout of their SS #. Although I've never had it happen, I would check with the lender/title co to see if that would be acceptable.

Reply by Philip Johnson on 6/11/09 11:28am
Msg #291957

Attach a note stating that they did not have SS cards

and let it go. Not your worry.

Reply by Teresa/WA on 6/11/09 11:36am
Msg #291958

Re: Attach a note stating that they did not have SS cards

Thanks Philip - That is what I did. I told the borrower that if the lender wished to pursue the ss card issue he could go maybe go online and request a copy. I think he could print out a temp. but not sure.

End results: All doc's got signed and attached drivers license.

Thanks for your comment

Reply by Jessc098 on 6/11/09 12:01pm
Msg #291963

I had this come up last night, and attached a W-2 at the direction of the signing agency.

Reply by Teresa/WA on 6/11/09 12:03pm
Msg #291964

Excellent idea - thanks

Reply by jba/fl on 6/11/09 12:09pm
Msg #291971

I don't agree that this is an 'excellent idea'. Right on the SS card it states it is not to be used as ID, and some do not want to throw their number out there for anyone and everyone to possibly grab for other reasons.

Just because I have a BGC doesn't mean the persons at TC's, SS's and LO's, etc. do. I'll wager that most of these individuals passing this info around don't either. Have been very curious for some time now just how many do, and from time to time quiz others discovering they don't, nor does their office personnel. But I have to?

Reply by Bob_Chicago on 6/11/09 2:39pm
Msg #292005

I have seen very few loan packages that do no contain...

the bwr's SS # in about umpteen places.
I have no clue where my SS card is and don't remember
the last time that I was asked for it.

Reply by MikeC/NY on 6/11/09 3:47pm
Msg #292012

I was thinking the same thing

The SSN is usually on a number of documents, so adding a copy of the card isn't going to compromise anything.

I still have my original SS card - I think I signed it when I was about 10, so you can imagine what it looks like. I actually had to produce it when I got my Real Estate license a couple of years ago. They looked at it, and then looked at me like I was kidding. I just said "You wanted it, there it is..."

Reply by PAW on 6/11/09 12:06pm
Msg #291970

Why a W-2?

A W-2 does not verify the SSN to a Name. They should use a form SSA-89 which is the authorization by the borrower for the lender to verify their name and SSN with the Social Security Administration.

Reply by Lee/AR on 6/11/09 12:11pm
Msg #291972

Re: Why a W-2?

If the lender includes the SSA-89 (which I have seen but once, just a few days ago), then that obviously would work. But including it 'on our own' would be overstepping our limitations, I believe. Whereas, including a W2 would tend to uphold (maybe not prove) that this person accepts paychecks & deductions to this SS #. Besides, if Lender is happy--who am I to complain?

Reply by Jessc098 on 6/11/09 12:24pm
Msg #291980

Re: Why a W-2?

That's the story I got from the SS and Lender.

The employer has to verify they've seen the SSN or proof of it. The W2 would reflect that.

Besides, the SSN isn't being used as Identification. Yes though, I agree the lender should be verifying it with the SSA, but that form was in there.

This particular loan package I did last night was a disaster. The title company had stuck in 43 pages of waivers including two seperate ones that agreed that the bo would not sue under any circumstances (we read the fine print on these and they were voluntary so they werne't signed). I've never seen anything like it. Made me think they had a law school student draw up their package.

The loan package was quick and easy, it's all the other stuff they attached to it, and the mortgage company had put the proper form to request the social security number in there.

There were 17 parts of the doc to be notarized and the wrong state's language was included. The signing took more than two hours.

What a fiasco!

Reply by PAW on 6/11/09 1:54pm
Msg #291997

Re: Why a W-2?

A W-2 only allows the lender to report transactional information (e.g. interest) to the IRS for tax reporting purposes. It does not validate the SSN! I speak from personal knowledge... A signer did not verify the SSN on the W-2. The loan closed and everything was good to go. 7 months later, the borrower wanted to know where his 1098 was. It took another 6 months to get it straightened out with the IRS. (The IRS dutifully sent the 1098 to the persons who 'owned' the SSN that was specified on the W-2!)

Reply by PAW on 6/11/09 2:29pm
Msg #292001

Disregard my previous post.

I was thinking W-9, not W-2, even though I wrote W-2 it should be W-9. I can't read my write'n cause it's written rotten.

Sorry 'bout that.

Reply by BrendaTx on 6/11/09 8:57pm
Msg #292088

Re: Disregard my previous post - no. You must defend it to

the bitter death.

Reply by MikeC/NY on 6/11/09 3:59pm
Msg #292015

Re: Why a W-2?

I realize you meant a W-9 rather than a W-2, but this brings up an interesting point. I wonder how many ask the borrower's to verify the SSN on the W-9 that comes in the package? I always do, and have caught one or two that were wrong (usually numbers transposed).

Reply by Linda_H/FL on 6/11/09 4:02pm
Msg #292016

I do Mike...every time... n/m

Reply by Lee/AR on 6/11/09 7:19pm
Msg #292079

Re: I do Mike...every time...

I do, too--ever since a B pointed out that the number on it was his phone number!

Reply by jba/fl on 6/11/09 4:42pm
Msg #292033

Re: Why a W-2?

When we come to that form I always ask them to be sure their SS# is correct, if it is correct here, then it is everywhere. Very seldom, but there have been occassions that we correct it here and I attach note for the next person in the food chain.

Reply by PAW on 6/11/09 12:04pm
Msg #291966

Lender or Title should include form SSA-89

http://www.ssa.gov/cbsv/docs/FormSSA89.pdf

This form is used to verify name and ssn, authorized by the signer.

Reply by Teresa/WA on 6/11/09 12:53pm
Msg #291986

Re: Lender or Title should include form SSA-89

Thanks for the link

Reply by dickb/wi on 6/11/09 1:21pm
Msg #291993

yup--i see this form in about 30% of packages.... n/m

Reply by notaryinmo on 6/11/09 2:11pm
Msg #292000

Re: yup--i see this form in about 30% of packages....

Using a W-2 as ID in place of a SS Card isn't always a wise idea. As a tax professional, I too often see W-2's that need to be corrected with a correct social security number before the return can be filed. What might be a better idea is to have a copy of the latest year's tax return.

Reply by John Schenk on 6/11/09 4:16pm
Msg #292024

I haven't had a social security card since I got one when I was a youngster. Actually, I applied for one online about 6 months or so ago and still don't have one. Well....I tried. "E" for effort.