Posted by Sandra Clark on 10/17/09 1:54pm
Msg #307707

Have you every had.....

A borrower, re-figure every amount on the loan docs and come up with a .07 cent difference and ask if the lender will be sending him a check for the difference? LOL. Honest to heaven this happened last night. Borrower had already made 8 calls to his LO so I suggested he make another. Any more borrowers like him and I think I will quit the business!!!!!

Reply by Linda_H/FL on 10/17/09 1:56pm
Msg #307708

Not in this life...but in my prior paralegal days

had a purchase - HUD was off by .05....and he wouldn't let it go - I gave him a nickle out of my pocket and we moved on!! LOL...paying $300k for a house and he's quibbling over .05....oy...

Sounds to me like your guy was just fed up with his LO and was going to give him a hard time over anything...

Reply by CopperheadVA on 10/17/09 2:29pm
Msg #307710

Yes! I once had a buyer and her Realtor make a federal case over a 25 cent increase on the HUD. It turned out to be a rounding issue.

Reply by Vince/KS on 10/17/09 4:08pm
Msg #307718

There was once a science teacher that did a similar thing. He added up all of the numbers on his machine and then double checked his math and arrived at a $.10 difference. He complained about incompetence and thievery for a few minutes and so I gave him a quarter because I didn’t have anything smaller with me.

He stared at it for awhile and handed it back. “Why couldn’t you simply let me complain he asked.” So we talked about why things bothered him so much for a while and he was happier.

Reply by Sandra Clark on 10/17/09 4:27pm
Msg #307719

Re: Have you ever had.....

This guy was the same - complained, moaned and groaned the whole time. Everyone was out to cheat him, didn't trust anyone. He was even going to cross out his ss number on all the docs that had them, didn't want anyone checking his ss number and was going to cross out his DL number. When I told him that would probably not be a good idea, he couldn't understand why. It was truly a 3 hour nightmare

Reply by MW/VA on 10/17/09 5:29pm
Msg #307720

What a nightmare. Once in a while you have to remind them what this process is about. Someone is granting them a loan, and usually for a very large amount of money. If they think they're being cheated it can be a difficult experience. All the media coverage of the mortgage debachle hasn't helped. I usually just say that this is what the lender requires to grant the loan--if they don't want the loan then they don't have to comply. That usually sets is straight & we move on. I have had a few clients that made me question being in this business. Thankfully, most borrowers are pleasant people who aren't a PIA.

Reply by docs1954CA on 10/17/09 5:44pm
Msg #307725

I had a woman who had to calculate the total amount of interest paid on her 30 year loan.She came up with a difference of approx $ 300.00 then was stated on the TIL. She was absolutely convinced that she was being cheated. After a few minutes of her checking her work, I asked if she had accounted for the leap years for the that time period, as she was calculating 365 days times 30 years. That seem to do it as she put down the calculator and we finally got finished. UUUGGGHH.

Reply by Cari on 10/18/09 6:34am
Msg #307742

Re: Have you every had.....YES...closed for a couple who

were accountants! UGH...was there for 4 hours! I almost died of boredom! I mean every single number was checked. It was my longest signing ever!

Reply by Kay/IL on 10/19/09 9:38am
Msg #307797

Yep...Had One of Those CPA/Accountant Closings Too......

Just a few months ago. The borrowers were a CPA and his wife, a librarian. At first, I thought it would be a relatively smooth one since it was a same day notice, last minute closing. However, when I arrived, the CPA already had sheets upon sheets of calculations and breakdowns all over the table while his wife was reading everything I put out. And yes, it came down to a .20 cent difference. When I pointed out where the .20 cents was coming from, he called his loan officer to confirm it (which he called at least twice while I was there) and then was satisfied.

At least the closing was near home and the couple was pleasant and had me cracking up at times. On the other hand, although it was a relatively small package (less than 100 pages) it took a good 3 hours to complete and was through one of my low ball signing agancies.

Reply by Laura_V on 10/18/09 10:24am
Msg #307750

My signing with accountants was fun and I hate bookkeeping

I entered the most organized household I had ever seen.

Not the smallest item was out of place. The walls and upholstered furniture were white. Decorative ornaments were carefully arranged by type and size. The armrests on the sofas had plastic protectors. So did the lampshades.

This middle-aged couple was well prepared to sign their home loan papers. Each had a sophisticated calculator, writing tablet, and several sharp pencils at the dining table. They politely invited me to sit down and make myself comfortable.

Curious, I quickly glanced at loan form number 1003 while they signed my journal. It told me they both worked as accountants.

As we made our way through the stack of papers, the couple became more excited and involved. They earnestly discussed the amortization schedule. They reviewed the Settlement Statement as if they were crime scene investigators. They sketched out "what if" scenarios regarding making extra principal payments. Calculators whirred. Pencils dashed across paper. They were clearly in "The Zone."

When each paper was signed and all discussions concluded, they looked as satisfied as if they had just finished running a marathon race in excellent time.

I have never seen anyone enjoy signing loan papers more than these well-suited people.

Reply by Lee/AR on 10/18/09 3:00pm
Msg #307759

Laura...how long did that signing take to complete? n/m

Reply by Laura_V on 10/18/09 4:28pm
Msg #307765

Re: My signing with accountants was fun and I hate bookkeeping

I don't remember Lee, because it was several years ago when I was still taking signings from TCs.

That couple must have been my last appointment of the day because I didn't mind how long they took and they were so excited the long signing felt like a whirlwind.

Plus I was having too much fun watching them and trying not to laugh. Thank goodness they were too absorbed to glance at my dancing eyes and pursed, twitching lips.

My favorite line in this little tale is "invited me to sit down and make myself comfortable." But how could I when even being there meant the house was thrown out of symmetry?

I'm telling you, that place looked like a white version of Monk's home. At least Monk has some colored throw pillows and has been in therapy enough years to have been weaned of plastic lamp shade covers.

I still think of that couple with fondness. They were soooooo happy and gave me a terrific show.

Reply by Susan Fischer on 10/18/09 6:47pm
Msg #307774

Picture perfect story, Laura. Thanks for a great read. n/m

Reply by JanetK_CA on 10/19/09 12:53am
Msg #307781

Accountants and engineers! ;>)

Takes all kinds of people to make this world go around! Whoever mentioned the amortization schedule (Laura?) was right on! It cracks me up seeing how some people roll their eyes at the mere mention of it and how some get all excited about it.

The one that made me mentally roll my eyes was the guy who was complaining about why his closing costs were added back into the loan - even though he was taking a substantial cash-out. Just didn't get it. He had some other issues, too, but I'll spare you the details...

Reply by LKT/CA on 10/19/09 1:45pm
Msg #307815

Re: Accountants and engineers! ;>)

I must be the luckiest notary in the bunch....I do loan signings for accountants, engineers, escrow officers, stock brokers, and other notaries public and NEVER has even one pulled out a calculator or scrutinized the numbers to the degree that the posters are mentioning. As a matter of fact, the ONLY person to even request copies of their critical docs ahead of time for review was.....the notary public! How do I know? She had the HUD in her hand when I walked in the door. One or two of the others did make a quick phone call to get a question answered but what other posters describe.....hasn't happened with my signings, though it could happen and maybe I'm overdue for it to happen (I hope not).

Maybe these highly educated people already reviewed a copy of their documents before our appointment? NO....I can tell by the way they look at the docs that they're seeing them for the first time.

Reply by JanetK_CA on 10/19/09 10:55pm
Msg #307861

Re: Accountants and engineers! ;>)

I was generalizing, of course, but mostly for fun... I've signed a good number of analytical types who have been great (although lots of them had already seen the HUD and reviewed it before... ) Actually though, it seems to me to be more common lately to have people reviewing the numbers closely. So many of them have been waiting for so long to even get docs, plus all the fallout from the "Mortgage Meltdown", that it seems to have made people more distrusting, as a general rule.

I hate to say it, but my guess is that you're overdue...