Posted by PA_Notary_II on 4/29/11 9:05am
Msg #381715

JPM Chase question...

Has anyone yet found out why Chase wants 12 RTC's signed? I always apologize to the bwrs but get them all signed. Any reasoning behind this that would justify it? Opinions?

Reply by NJW/FL on 4/29/11 9:15am
Msg #381719

I have been told by the title company to just get them all signed as they have not questioned why themselves.

Reply by A S Johnson on 4/29/11 9:26am
Msg #381721

Have you ever heard; Our is not to question why, ours ie to do.....
Why do you even question this with the Br. Hand tyhem to the Br and ask the to sign and date as needed.
You are only creating an problem if you question or say you can't understand why there are some many.

Reply by PA_Notary_II on 4/29/11 9:37am
Msg #381726

Don't get your pantaloons in a bunch AS Johnson, I ALREADY SAID I GET THEM ALL SIGNED WITHOUT QUESTION. If my rather mild inquiry upset you, I'd hate to think what your reaction might be if I queried something with a little gravitas. Enjoy your day.

Reply by JanetK_CA on 5/1/11 3:38pm
Msg #381842

Just FWIW, I don't think A S Johnson's post was even directed at you - and I didn't read his post as being upset. I think it's a good idea for us all to be careful how we read things on any public forum. It's way too easy to take things personally, even when they aren't meant that way.

Reply by topflyt on 4/29/11 7:24pm
Msg #381784

I had 8 RTC's the last Chase assignment...and yes, I apologized to the borrowers too.

Reply by Sal Servin on 4/30/11 4:04pm
Msg #381826

You guys get all the NRTC signed if you want too. In AZ the law states that the borrowers need 2 each. 2 for the husb.& 2 for the wife. One for the lender.

Reply by Lee/AR on 4/29/11 10:08am
Msg #381732

This is an 'old' answer: I'd been getting 'em all signed until I got 12 for a single B. I called and questioned that. I was told '12 is the program's default number, we only need the correct number signed'. Have done that ever since with no problem--yet.

Reply by PA_Notary_II on 4/29/11 10:10am
Msg #381733

Now that makes sense. Thanks for the clarification, Lee.

Reply by staceyten on 4/29/11 10:40am
Msg #381735

Thanx for the explanation

Reply by mwm143 on 4/29/11 3:40pm
Msg #381756

I've never been asked to have all signed. I have 2 signed &

leave the rest with the borrowers. I've done hundreds of Chase loans in the past 6 months for multiple companies and it hasn't presented a problem (...yet....knock wood....)

And for the record, I don't print BoA 38 pages of closing instructions and have never been called on that either.

Reply by theloangal on 5/1/11 8:52pm
Msg #381859

I have checked w/ the Processors when I get the packet and they are ok w/ having borrower(s) sign the 2 required with 2 blank RTC's in the copy packet, or have them sign 4 but leave them 2 signed copies (2 for each borrower).
Nobody seems to know why, but it is unnecessary.

Reply by theloangal on 5/1/11 8:53pm
Msg #381860

Just to clarify, I have been told by Processing that signing all 12 is overkill; 2 each is ok.