Posted by Jcobb on 2/2/11 4:45pm
Msg #371104

copies

Does anyone make a CD copy for their clients? If so, any issues. I know I like an extra copy now and again when one is messed up by the borrower and can change it out.

Reply by Linda_H/FL on 2/2/11 4:46pm
Msg #371107

No..I do paper copies...and I've had more than one company

specifically instruct me NOT to put borrowers' copies on CD

Reply by Stacie Hoover on 2/2/11 4:48pm
Msg #371108

I have wanted to do that! But not possible in CA. You must check on the laws in your state. And you must ask permission from the lender/escrow. Some states require that the borrower be giving a paper copy of what they are signing.

Reply by Les_CO on 2/2/11 4:52pm
Msg #371111

Stacie you know that tight feeling you get behind your eyes? Don’t worry about it! It’s just the vacuum.

Reply by Stacie Hoover on 2/2/11 4:56pm
Msg #371112

@ Les CO - the reason for you being so unprofessional is what?

Reply by John/CT on 2/2/11 5:09pm
Msg #371117

Yeah ... I don't get it either :>( n/m

Reply by Les_CO on 2/2/11 5:27pm
Msg #371127

Re: Yeah ... I don't get it either :>( /John

John...I thought it fit not only her posts, but her name. Sorry you disapprove.

Reply by John/CT on 2/3/11 8:09am
Msg #371312

No disappoval, Les. I just didn't get it. Simple as that! n/m

Reply by Les_CO on 2/2/11 5:20pm
Msg #371123

1/Unprofessional? ....I'm not paid to post here.

2/Please quote statue/law in CA making it illegal or “not possible” to give the borrowers a ‘digital’ copy of their loan documents ( If that’s what you are speaking of?) on a CD. Or anything else not copyrighted.

Reply by Glenn Strickler on 2/2/11 5:57pm
Msg #371142

There is no such statute in California .... n/m

Reply by Cari on 2/2/11 5:56pm
Msg #371141

LMFAO...Les...you got me in tears....thanks! n/m

Reply by Les_CO on 2/2/11 7:06pm
Msg #371182

Re: LMFAO...Les...you got me in tears....thanks!

If her name really is “Hoover’ I apologize for the pun.

However if some neophyte poses a question, and her anonymous responses/posts with apparently no regard to the truth, or reality could influence that persons future actions should they not be questioned?

Reply by jba/fl on 2/2/11 8:21pm
Msg #371217

I think it is the "Line of the day". Any votes? n/m

Reply by Jcobb on 2/2/11 4:52pm
Msg #371110

Thanks, I'll check too.

Reply by Moneyman/TX on 2/2/11 5:07pm
Msg #371115

Use the Orange search button and you should get a lot of conversations about this issue. Both pro and con.

If you do decide to use CD copies be sure that you test the CD prior to the appointment to ensure that the files are accessible. Good luck on your decision.

Reply by LynnNC on 2/2/11 5:18pm
Msg #371122

This issue has been raised several time on this forum. When we receive an edoc fee, we are being paid to print a copy of the docs for the borrower. I suppose you could ask the borrower if he/she would prefer a CD, but I would have the request in writing.

Reply by Cari on 2/2/11 5:57pm
Msg #371143

print fee is for BOTH copies...not just 1 set... n/m

Reply by GOLDGIRL/CA on 2/2/11 7:20pm
Msg #371188

Re: print fee is for BOTH copies...not just 1 set...

Paper is so last year, as far as I can see. I've noticed that many lenders and TCs I work with are sending closing packages and final docs to borrowers on a CD. At a recent signing, the lender (a bank) said all her TCs send her final stuff on CDs. At a purchase signing I did last week, the Better Homes & Garden Realtor told the borrowers she'd be sending everything to them on a CD. (This si the third lender I know of that does it this way). And this credit union that I do gobs of signings for never sends anything on paper. It's e-mail or CDs. The other day I picked up docs at a TC - borrower copy was on a CD. I suspect many SSs are not aware of this trend and thus insist on paper copies for us.

Reply by MW/VA on 2/2/11 7:20pm
Msg #371187

It's been discussed many, many times, as someone already pointed out. I still only do paper copies, since that's what I'm paid to do. Any decision to use a CD copy instead could be considered UPL, IMO. I also think it's not our decision to make, and would require the approval of the hiring party (get that in writing, too).

Reply by Dorothy_MI on 2/2/11 9:05pm
Msg #371228

Besides, what do you do if a mistake is

made and you only have the lender's copy?

Reply by Sha/CA on 2/3/11 1:08am
Msg #371283

Re: I love this plan

I have seen instructions from E-sign lenders that it's okay for the borrower to have a CD copy of everything. Wouldn't it be appropriate to ask the TC or SS we work for, if it would be okay for the borrower to have a CD copy? I won't just make an arbitrary decission, but I need to plant the seed as often as I can!

Reply by ReneeK_MI on 2/3/11 8:35am
Msg #371322

No problem w/digital copies & the law, BUT

it is a decision that must be put in the hands of the client. The industry standard - meaning what would be presumed - is for a copy pkg to be printed and left with the borrower. Anything that would deviate needs to be approved by the client, because THEY are bound by particulars of the Lender that you may/may not be privy to.

For those citing laws against digital copies, I sure would love to see the law you're referring to.