Posted by KimTOR on 3/10/10 12:13am
Msg #326187

Confusing Blank Pages

I have been searching around for answers to my various questions and although I am going to call the company I thought perhaps someone might be able to shed so light on my confusion.

First of all I have been provided with 12 copies of the RTC forms. 2 borrowers. What is up with that?

I also have a stapled together packet of forms with nothing filled out which includes:

- Notice to New Property Owners
- Escrow Closing Instructions
- Owners/Seller Affidavit
- Statement of Information (Confidential Information for your protection) (FOR TITLE INSURANCE)
- Error & Omissions/Compliance Agreement
- Borrower Agreement and Certification

And I have 4 copies of Truth In Lending Disclosures. Why?

I've also never come across things for a manufactured home before:

Affixation Affidavit Manufactured Home (nothing is filled out) on this form except their names. It's also says it requires to witness signatures? It's followed by a Lender Acknowledgment.

I know I probably just need to call them to clear up my confusion just seems like a lot of extra papers I haven't seen before. Usually they don't send enough of what I need. This is overkill!

Reply by Lee/AR on 3/10/10 12:44am
Msg #326188

If they sent them, they want them signed. Ours is not to reason why; ours is but to let the ink dry.

Reply by Shoshana/AZ on 3/10/10 6:54am
Msg #326195

Thanks for the laugh. I was going to post the original line: ours is but to do or die.

Reply by Ilene C. Seidel on 3/10/10 6:45am
Msg #326194

Sometimes the lender and title send docs blank such as the docs you list. I've completed them before meeting bo because signing a blank form is scarey and I'm not comfortable having them sign a blank form either. And every once in a while there are too many RTC and truth in lending I have them sign each T in L and just 2 each RTC. Don't know why they've printed so many perhaps in case of signature error for RTC however the T in L I see multiples frequently. If the APR is different on each T in L the terms of the loan changed so they must all be signed. Does this help you?

Reply by Paul2_FL on 3/10/10 8:18am
Msg #326199

With regards to the "Affixation Affidavit Manufactured Home" you need to have the borrower fill in the section:

The manufactured home is described as follows:
New/Used Manufacturer's Name Manufacturer's Name and Model No.

All owners of Manufactured Homes have this information and it is generally affixed to the home by a sticker. (Similar to the sticker on the door of your car).

The "Lender Acknowledgment" is just that. It's for the Lender. With regards to the witnesses follow your state's requirements. It's not necessary here in Florida unless the Lender wants it.

Reply by Linda_H/FL on 3/10/10 8:43am
Msg #326203

It's not up to us to decide how many copies get signed and how many don't. Absent specific instructions on numbers to sign, I have them sign all copies supplied. 12 RTC's? If that's what they want that's what they get. 4 TIL's? same thing. I don't agree with it or understand it but <<shrug>>...

As for the blank docs, it's up to the borrowers to fill them out and, as has been stated with regard to mobile homes, borrowers have that info at their fingertips most times (it's usually affixed to a plate in their utility or furnace room)...Yes it takes time but it needs to be done, it's part of the job, and it's the Borrower's responsibility to complete it accurately as it affects the lender's security. (For the record, I despise mobile home signings because they take longer as a result of these additional forms needing completion and can be a real pain).

The only thing *I* complete ahead of time is MY notarial certificates (in part, without signature, obviously).

My .02 FWIW

Reply by Carole Breckbill on 3/10/10 9:07am
Msg #326209

Sometimes there are multiple copies of RTC - at the bottom is stamped "borrower copy" on those to be left with the borrower. The others are stamped "lender copy" and need to be signed and returned in the package.

Reply by Notarysigner on 3/10/10 9:20am
Msg #326211

Please forgive me for not getting this but......If you give the borrower a copy if the documents in the first place (they will have all the RTC) same as you, borrower copies included. So then I don't understand what the issue is?

Reply by MonicaFL on 3/10/10 9:53am
Msg #326221

Well, my thinking on this is -
If you have the borrower sign the necessary RTC and leave two copies of the "signed" documents with them - then, if they decide to cancel the loan they will have original "signed" documents to work with - being as these docs have the dates on them that they were signed and the borrower doesn't have to even think about that part. JMO.

Reply by Notarysigner on 3/10/10 10:10am
Msg #326234

I certainly makes sense but I still not sure. Hopefully we'll get a reason why....answer soon.

Reply by Notarysigner on 3/10/10 10:10am
Msg #326235

Ooops It

Reply by pan/nd on 3/10/10 10:29am
Msg #326242

12 RTC's ??

must be Chase.

I've hit them several times..since December.

Makes no sense to me.....

But, whether or not it makes sense is not my job.

My job is to get signatures.

So, I've had borrowers sign all 12...with plenty of grumbling by them, I might add.

Reply by KimTOR on 3/10/10 11:24am
Msg #326264

Hey thanks fellow notaries. I figured it was just some new crazy rules of the companies. Lenders are so odd sometimes. When I worked insurance they were so picky about these sort of things but while details I can understand, an overkill of the same form to me boggles the mind.

I agree with the poster who said this mobile home thing is a pain because I agree. This is the first time I've taken on something to do with a mobile and I want to make sure I don't miss anything. Haven't had anything returned yet and don't want to start.

While I understand these packets often come with blank pages, being it's not our responsibility to help the borrower fill them out, it would be nice if they came either pre-filled, where they can, or they are something they have the borrowers fill out ahead of time to make sure it's been filled out correctly before I'm required to notarize them.

Oh well the woes, at least I'm getting work!