Posted by Larry/Ca on 7/30/11 5:57pm
Msg #392093

"trustee"

Hello All,
An Escrow Officer told me to have the borrowers only sign their name, not to have them write the word, "trustee" after their signature. If the word "trustee" needs to be placed after the signature, may the Escrow Officer write this in later or does the borrower need to write this in?
Thanks, Larry

Reply by Notarysigner on 7/30/11 5:59pm
Msg #392094

Larry that is often the case, just do what they ask, it O.k. to do so. IMO

Reply by GWest on 7/30/11 6:22pm
Msg #392097

There are quite a few lenders that no longer require the borrower to write "Trustee" after their name. It is typed after their name, but not required for them to sign that way (that is the way it used to be done)

Reply by Linda Juenger on 7/30/11 6:30pm
Msg #392098

I just did a re-sign due to another issue the borrowers had and this time we were told they did not have to write all the verbiage, just their name. The first time they did sign everything that was written. We did what we were told. Went through.

Reply by MrEd_Ca on 7/30/11 8:16pm
Msg #392099

I sure wish there was some sort of constancy amongst lenders & title companies on this issue --- some want nothing after the name, some want everything. Chase, for example, used to ask for the complete verbiage written out following the signature, then they didn't, then they did, then just initials next to the verbiage. I don't know what Chase wants now but it is sure difficult to tell the borrower when they want all of the verbiage, for each of the documents that it is printed on. I always call the TC/SS when property is in a Trust to see how they want it this time. On rare occasions, they will include instructions.

Reply by Larry/Ca on 7/30/11 9:36pm
Msg #392107

So, if "trustee" needs to be written in after the signing, may the Escrow Officer write it in or does it need to be the borrowers writing this in?
Any opinions on this?
Thanks, Larry

Reply by GWest on 7/31/11 12:34pm
Msg #392139

I believe that would be between the Lender and the TC. I had a transaction a few years ago that the title company specifically stated that the borrower must not sign "trustee" after their name. In this case I disagreed with them, called to verify, then had them confirm in an email. A few days later they called and said that the borrower had to write trustee after their name (she stated that she had asked the lender if she could write "trustee" after the borrowers name and they stated no, the borrower had to do it).

I believe you would only know if the Lender required the Borrower to do it, requiring a return trip to the borrower. If you don't hear back, then the TC probably filled it in themselves, if it was required.

Reply by Bob_Chicago on 7/31/11 10:22am
Msg #392132

The "Red Bank for all of America" has buried in their 29 pages of instructions that most
"Representative" signatures , particularly trustee, (other than a corporate trustee {as I recall})
have only the name signed with no following verbiage as to capacity.