Posted by Terrie Sliger on 11/9/09 8:36am
Msg #310309

W-9

I tried searching but did not find anything on this. I have a closing to do and I went through paperwork and it is a refinance husband and wife; I noticed there is only one W-9 in packet shouldn't there be two one for husband and one for wife. Usually name is already filled in on W-9 but this one is blank.

Reply by John_NorCal on 11/9/09 8:43am
Msg #310312

They probably should have included 2 forms since there is the possibility that the borrowers file seperately. In the case of joint filiers the the tax return shows up under the social security number of the primary filer, which is usually, but not always, the husband. I would ask your hiring entity how they want to proceed.

Reply by enotary/va on 11/9/09 10:15am
Msg #310320

I've had 3 with only one w-9 in the last 10 days. A year ago I started to carry some blank forms with me to signings. The w-9 is one I carry with me. On the first 2 I didn't call the TC about this. On the last one I called the TC and asked why, they didn't know and said to do the same as the first 2 and put a note on it. I have 2 to take back to a local TC this morning, I will ask and post later if I get an answer.

Reply by BrendaTx on 11/9/09 6:58pm
Msg #310403

*A year ago I started to carry some blank forms with me to signings. The w-9 is one I carry with me.*

Do you wait to be told to complete the w-9?

Just curious.

Reply by John/CT on 11/9/09 10:25am
Msg #310321

One W-9 not unusual ...

because the lender cannot issue two 1098's for interest paid by the borrowers. In just all such cases, it is the husband's SSN. Yeah, I lnow ladies, but ....

Reply by Teresa/FL on 11/9/09 10:51am
Msg #310325

I run into this quite frequently. The form is usually filled out for the primary borrower and there is no form for the co-borrower.

Reply by HARRY_PA on 11/9/09 10:55am
Msg #310328

When in doubt all the hiring entity. Assumptions can be problematic.

Harry

Reply by Teresa/FL on 11/9/09 11:03am
Msg #310331

My post wasn't clear: The form has usually been pre-filled in by the lender for the primary borrower. In this case, they only need the primary borrower to sign the form.

If the form has not been filled in by the lender, then you should contact your hiring entity, as mentioned by more than one response in this thread.

Reply by PAW on 11/9/09 12:21pm
Msg #310342

Check the 1003

If the loan is taken as "joint credit" (signed at the top of page 1 on the 1003, or on a supplemental document stating that the borrowers are applying for joint credit), only one signature (usually the principal borrower) needs to complete a W-9. Same holds true for Form 4506 and 4506-T.

Reply by BarbaraL_CA on 11/9/09 2:44pm
Msg #310373

What am I missing here??? ...

I've never ever seen a W-9 in a loan package.
A W-9 is a Request for Tax Payer Identification Number and Certification.
A W-9 is what vendors WE do business with send to US to complete and return to them.

Reply by Linda_H/FL on 11/9/09 3:03pm
Msg #310377

You've never had these Barb?

Almost every package I get has them - usually one for each borrower - it's a very rare loan package that does NOT include this form.

Reply by CopperheadVA on 11/9/09 3:03pm
Msg #310378

Re: What am I missing here??? ...

There is almost always a W-9 in the package for the borrower(s) to certify what their social security number is. This is so the lender reports the interest paid to the correct number, and a tax statement showing the amount of mortgage interest paid is issued to the borrower at the end of the year.

Reply by ReneeK_MI on 11/9/09 3:06pm
Msg #310379

Oh boy, Barb ...wish I could send you half of ....

...this cup of coffee I'm drinking, because I sure do KNOW that you KNOW this but just need a little jolt of caffeine to snap back to yourself. =)

The W9 is used to generate the 1098 at the end of the year of all the interest paid - it's in every loan package. It's ALSO used to generate 1099's ....

Reply by BarbaraL_CA on 11/9/09 3:17pm
Msg #310381

Really....

... I'm serious... if I ever had a W-9 in a loan package it was over a year ago and I don't remember. But... I don't ever remember seeing one other than the ones I've had to complete for myself. Of course, sometimes I don't even remember what I did yesterday ... ahhh sigh - the joys of aging!!!

Reply by BarbaraL_CA on 11/9/09 3:24pm
Msg #310382

LOL - oh my goodness - thanks Renee!!!

OK gang, I'm losing it

I just looked at the last several loans I've done and YES there ARE W-9's!!!!!
Just goes to show you how automated I've become going thru docs.
Or...maybe it's just because it is Monday.

Thanks for the Jolt!!!

Signed,
"embarrassed"

Reply by ReneeK_MI on 11/9/09 3:35pm
Msg #310388

Don't be embarressed - I just filled ....

a cup of coffee with sugar, instead of filling the empty sugar bowl. Be glad you didn't share this cup with me - I'll be up until next Tuesday now.

Reply by BrendaTx on 11/9/09 7:41pm
Msg #310411

Oh, Barbara, don't be embarrassed...

I had to think about it myself to figure out whether or not I had them in mine. I was thinking, "No! It's a Substitute 1099!" but of course, it isn't. Not in our loan packages. That was in my other life of loan doc prep.

Yep...the packages become very routine and you just do 'em.

Reply by JanetK_CA on 11/9/09 8:00pm
Msg #310417

Re: LOL - oh my goodness - thanks Renee!!!

"how automated I've become..."

That was going to be my guess....

Reply by Linda Juenger on 11/9/09 3:24pm
Msg #310383

Re: YES Really.... A W-9 REALLY is in every pkg.

No worries, just have a good laugh and move on. We all do it from time to time. If you have one of the last couple pkgs still on your puter, take a look through them. (I don't delete them till I'm paid). It REALLY is in there. Honest.