Posted by cdoty_IL on 2/11/11 11:35pm
Msg #372472

Sample Loan Package Found!

I was researching this again and I found a good site that offers a Sample DOC Set - by STATE! Now, I have not went page by page, but from first "scan" it appears to be a pretty good example. Here is the Link:

http://www.ppdocs.com/Products/Samples.aspx

Just thought I would share this with anyone who may want/need one in the future.

Reply by GOLDGIRL/CA on 2/11/11 11:52pm
Msg #372473

Verrry interesting. Thank you! n/m

Reply by CopperheadVA on 2/12/11 6:41am
Msg #372480

That's a great resource for new SA's or if you know you will have a package for a property from another state and want to check it out. The Virginia package was not exactly typical of what I see, but it was a pretty good representation. Most of the venues said Texas, though, I guess because the document originator is in Texas.

Reply by CF on 2/12/11 8:14am
Msg #372484

When I started 6 years ago....I studied my own loan packages

from purchasing and refi-ing my own house, my parents, and sisters packages. It gave me great variety and the opportunity to see the differences in lenders and docs with each package.

This is a great resource and there was nothing like this on the net during that time.

Reply by PAW on 2/12/11 9:25am
Msg #372492

Excellent resource. Kudos for finding it. n/m

Reply by James Dawson on 2/12/11 10:43am
Msg #372498

Great Job thanks we will all benefit from this! n/m

Reply by MichiganAl on 2/12/11 7:05pm
Msg #372583

Ooh, I am sooooo stealing this for my blog and website. n/m

Reply by Claudine Osborne on 2/12/11 9:31pm
Msg #372590

Re: Ooh, I am sooooo stealing this for my blog and website.

What a great find! The documents for Ohio are not typical of what I usually see but they are a great way for newbies to study..Good job and thanks!

Reply by MikeC/NY on 2/12/11 11:20pm
Msg #372598

Interesting....

It says, "we don't prepare loan documents for New York", and that's the only state listed which has that notice. That gives you an idea of how screwed up we are here...

Reply by BobbiCT on 2/13/11 1:13pm
Msg #372616

Nice job, CDoty. BUT, take with a shaker of salt ..

Good samples for anyone of what to expect in a mortgage loan package, but novices should not expect that the instructions and loan documents are going to match or be similar to these.

For example, the CT mortgage deed form is prepared for one witness: CT requires two.

As to the instructions, as aways, watch for lender specific.
Signature by Mark is not in Conn. General Statutes, it is a recommendation by the CT Secretary of State. CT notaries would need to be careful that the lender or title company made the decision to accept signature by mark.
Powers of Attorney yes and no to examples shown, again, will be the title company or lender specific. There is a Conn. General Statutory form, but out-of-state companies like to use their own notarization blocks and signature requirements rather that CT's "law."

Again, good job for posting the link.