Posted by BestFlCloser on 3/25/11 5:08pm
Msg #377524

Bo's Initials at bottom of Notary Ack Page

Anyone run into new thing of having the bo's initial the notary page of a mortgage or initial the signature page of the note??? I have also had requested for initials on the second page of the 4506 and all pages of the W9. Anyone else get calls about this???

Reply by Linda_H/FL on 3/25/11 5:14pm
Msg #377525

Have seen this many times over the years... n/m

Reply by GWest on 3/25/11 5:15pm
Msg #377526

If there is a place for them to initial, yes I do have them initial the notary page of the deed of trust and also the note. Quite a few lenders require a signature and initial on the last page of the note as well as the notary page of the deed of trust (Chase comes to mind as they are to initial ever page, even the pages they sign). Same as the 4506 and W-9. A few of the TC may include in their instructions to have them initial even if there are no initial lines on the tax forms.

Reply by Don/SW_FL on 3/25/11 6:53pm
Msg #377533

I believe its a Chase thing had two today and five of them this week all
Requiring initials on all signature pages and all tax forms.

Reply by BestFlCloser on 3/25/11 8:20pm
Msg #377542

Thanks everyone, your responses are very helpful.

Reply by Yoli/CA on 3/25/11 5:22pm
Msg #377527

Had a Chase loan 1-2 weeks ago requiring borrowers initials on every single page, including any loose certificates.

Reply by topflyt on 3/25/11 5:31pm
Msg #377528

Yes, I've come across those quite a few times...not sure if it's any particular lender or tc.

Reply by taxpro on 3/25/11 7:21pm
Msg #377539

I always have them initial if there is a line for it.

Reply by ikando on 3/25/11 8:34pm
Msg #377543

With regard to the Mortgage/DOT, if the notary page is separate from the BO signature page, I always have them initial under my seal. That way there is no confusion that I didn't stamp something.

Reply by Jack/AL on 3/25/11 9:26pm
Msg #377547

Did one today for JP Morgan Chase. Every page had to be initialed, even if it was also signed. Directions concerning this were in large, underlined, and bold letters, and even spelled out twice on one page. Directions even said that some Notaries Public have not quite understood that this really means to have every borrower intial EVERY PAGE of EVERY document. There werer 120 pages and borrowers are up in the years (beyond me), so it took 1 hour and 50 minutes to sign and initial, without any problems. My status complete notice to LSI-LPS said that they're pushing beyond logical and may have to find someone else to do such signings.

Reply by GWest on 3/26/11 12:43am
Msg #377557

I have handled alot of Chase loans lately and only when signing received from LSI is there the requirement for every single page of the loan package be initialed. The rest only require initials on every page of the Note, Deed of Trust, 4506 & W-9, nothing else.

Reply by Moneyman/TX on 3/26/11 12:09am
Msg #377554

Annoying, but yes, depending upon the lender or TC. I get several of these each month, usually from the same SS companies.

Reply by kcslaw/MA on 3/26/11 10:51am
Msg #377568

In addition to the signatures and requested initials, I have the borrower(s) initial every single other page (even where no signature/initial is requested). My purpose is simple - this way, both the borrower(s) and I know that they saw these pages and that they were a part of the package I presented to them. No one can come back later and say that I forgot to have something initialed. It's a good practice, IMO.

Reply by Linda_H/FL on 3/26/11 1:14pm
Msg #377579

"In addition to the signatures and requested initials, I have the borrower(s) initial every single other page (even where no signature/initial is requested"

May want to re-think this - without consent from title or hiring party the package CAN be rejected. I've had companies tell me they have had entire packages kicked back because the notary took it upon his/herself to have every page initialed.

Maybe it hasn't been a problem up until now but it could be in the future, especially if it's something specifically unacceptable to the lender. And although you may not think it's been a problem, it's possible those incorrectly initialed pages were simply reprinted and inserted in place of the initialed ones, and you were none the wiser.

My .02 FWIW

Reply by S Peterson on 3/26/11 4:45pm
Msg #377590

Note, Deed of Trust, 4506 & W-9, don't forget the 1003. n/m

Reply by kcslaw/MA on 3/26/11 8:23pm
Msg #377597

Thanks, Linda...I hadn't thought of that. If there are lenders that take issue with this, it would be a first for me. I'd like to think if it came up, someone would bring it to my attention. They certainly don't have a problem barking about any other little thing they consider an infraction

Reply by Linda_H/FL on 3/26/11 8:27pm
Msg #377598

" They certainly don't have a problem barking about any other little thing they consider an infraction"

So so true!!...or as some say? "true dat" (ugh) ...

Reply by JanetK_CA on 3/27/11 8:57pm
Msg #377645

"I'd like to think if it came up, someone would bring it to my attention."

I wouldn't count on that. It's much easier for them to just move onto someone else, with you none the wiser.

Reply by desktopfull on 3/27/11 11:46am
Msg #377621

Every package that I've gotten in the last 6 months wants borrowers initials on every page even the advertisments in the package (the ads for services in the package really surprised me).

Reply by JanetK_CA on 3/28/11 2:31pm
Msg #377704

And I think I've only seen one or two... so this is totally dependent on who the particular players are for those assignments, like so many other things.

Bottom line, I follow instructions and don't make determinations on my own about things like that. If they want initials on every page, I'll get them, but I won't have that done unless clearly instructed to do so.