Posted by Anita Edwards on 12/17/12 1:14pm
Msg #446802

Statement of Information Questionnaire

There are a handful of Lenders/Title companies that are including these time consuming documents in thier packages. The document itself, the Statement of Information, is not identified as to who is making the request for the info. The information requested is the same information on the 1003. I had a borrower ask me if this information is being used to sell for telemarketing purposes. I couldn't answer that question and his concerns seemed quite warranted. Any opinions on this?

Reply by ToniK on 12/17/12 1:28pm
Msg #446803

orange search button. Been discussed before n/m

Reply by Anita Edwards on 12/17/12 1:29pm
Msg #446804

Re: orange search button. Been discussed before

OMG, I am so sorry. I hate posting on here and just took a chance. Guess I shouldn't have. Sorry everyone...just disregard.

Reply by ToniK on 12/17/12 1:32pm
Msg #446806

Re: orange search button. Been discussed before

Dont hate posting on here. Im just saying do a search. No harm no foul.

Reply by Cody on 12/17/12 8:53pm
Msg #446871

Re: orange search button. Been discussed before

I just wish I knew what setting to change so that when an old post got a new response it moved back to the first page of discussion.....

Reply by jba/fl on 12/17/12 11:26pm
Msg #446881

You would read postings "Linear".....that's what I do

I would hate to miss anything, esp. dinner. You just know they are talking about you.

Reply by Donna McDaniel on 12/18/12 6:43am
Msg #446894

ROTFL! n/m

Reply by SheilaSJCA on 12/17/12 1:55pm
Msg #446811

Is topic has been discussed almost weekly. Do a search n/m

Reply by Anita Edwards on 12/17/12 1:59pm
Msg #446812

Re: Is topic has been discussed almost weekly. Do a search

right. I apologized once. Again, sorry.

Reply by Lisa Cirillo on 12/17/12 3:09pm
Msg #446819

Re: Is topic has been discussed almost weekly. Do a search

No need to be sorry. We're all guilty of asking the same thing once in a while. No big deal. I've gone to doing a search now before posting. I don't want to be scolded. LOL

Reply by CH2inCA on 12/17/12 3:29pm
Msg #446825

Ever changing world that we live in

I just don't understand the 'use the orange button' mentality!!

If you know it's been discussed and you think you know all that there is to know about the subject...DON'T READ THE NEW THREAD!!!

BUT, is it possible, maybe, kinda that the new post may prompt some new information never seen by mankind? Is it possible that the poster may have a different point of view? Is it possible that it took two seconds to read and if you didn't have anything to add you went about your ever so busy, every nano second to account for day?

I say post it over and over again, we may learn something.

Reply by Anita Edwards on 12/17/12 3:56pm
Msg #446828

Re: Ever changing world that we live in

Well this isn't the subject I was looking for input on but you've made an excellent point. If you aren't interested in reading or posting then move on. Keep your holier than thou comments to yourself. Some of us are busy and don't get on here every day to read all the comments. It's like a coctail party. If a group isn't discussing what you want to discuss please go find another group. Rudeness isn't necessary.

Reply by NVLSlady/VA on 12/17/12 4:25pm
Msg #446833

Re: Ever changing world that we live in

I know it's hard NOT to take it personally, Anita. I wish there was an orange "arrow" that posters could "point" to; then we wouldn't have to come up with our own comments - 'cause I don't think most are meant to come across wrong. Just depends on time of day, time of year, audience, etc.

Example: Last month I was trying to get info on an assignment of deed, so I dutifully did a Search. Boy, the comments I found from yesteryear were "frighteningly hateful." Then, I kid you not, about a week later I saw someone post a ?? about same topic. The responses he got were much more "elegant" (tolerant). Go figure.

p.s. I would have "bet" a month's mortgage, I wouldn't have come out so la la la la if I'd actually asked myself. Of course, after all that's beside the point: Search was my Friend

Reply by bpn/NY on 12/17/12 5:19pm
Msg #446844

CHECK YOUR PM n/m

Reply by jba/fl on 12/17/12 10:52pm
Msg #446877

The orange search button is your friend, along with

Google, who is also your friend.

Let's see: it is nearing the end of the month. People are super busy. Traffic is light on the forum on this particular day, and on many days EOM.

Between 1:14 pm when the question was asked and 5:27 pm for the first answer was 4 hours and 13 minutes. Ask yourself - could I have found it myself? If I look it up myself, will I remember it better? Can I afford to wait 4 hrs. 13 min. for an answer?

Who is rude? Who expects others to do their work and when it isn't forthcoming, who is irritated at those who suggest a search? And, if you did get an answer, was it correct? In this particular case, the first answer was not totally correct. Sorry, Howard, SS's don't know it all.

Reply by Shan/CA on 12/18/12 12:06am
Msg #446885

Re: Ever changing world that we live in

CH2inCA, as a newbie, I so agree with you! Not only should they not read it, heck, don't reply to it since it's gonna cost you an arm and leg to do so! Everyone wasn't born as perfect no-it-alls as they were! Some people have such negative attitudes that it makes you not want to post as Anita said. Gee freakin wiz!

Reply by Pro Mobile Notary on 12/17/12 5:27pm
Msg #446845

The Statement of Information (SI) gets requested by the title officer, not the lender. the title officer does not get to see the loan application as it is not necessary and for privacy right issues.

Why is the form requested? When the title officer runs the borrower's name (buyer in a cash transaction also) through the public records databases and find similar or the same name the want to be certain that the person getting the title insurance is the correct person and without criminal records for things like real state or loan fraud.

Don't ever stop asking questions!

I know it is hard, but try to ignore the crude, rude and professional critics on the forum. Most of them are malcontents with too much time on their hands and not enough signings, so the live in the forum. It is controlled by a handful of mostly jerks.

Lastly, new federal laws and RESPA rules do not allow title, escrow or the loan originator to sell their information they next time you get that question.

Reply by BrendaTx on 12/17/12 7:56pm
Msg #446865

"Why is the form requested? When the title officer runs the borrower's name (buyer in a cash transaction also) through the public records databases and find similar or the same name the want to be certain that the person getting the title insurance is the correct person and without criminal records for things like real state or loan fraud."

Thank you. I learned something new...or, old. Maybe I knew and forgot...that goes on a lot in my head.

"I know it is hard, but try to ignore the crude, rude and professional critics on the forum. Most of them are malcontents with too much time on their hands and not enough signings, so the live in the forum. It is controlled by a handful of mostly jerks."

I didn't see *jerks* in this thread. I saw people who overstated the obvious...things that had already been said because they didn't read every line of every post, but I didn't see jerks. Who did you think was being a jerk?

Reply by JanetK_CA on 12/18/12 1:52am
Msg #446888

I didn't notice scolding/rudeness, just some trying to help

I agree, Brenda, with your last statement. I often read a bit here while I'm printing docs (or trying to inhale a quick meal) and don't always have time to respond. The way I interpreted those posts was that they were wanting to let the OP know that there was info available here on that subject that might answer their question for them. (For the record, none of the rest of this is directed to Brenda.)

When interpreting the written word (or composing it), it's really tough to communicate tone - which I guess is why emoticons have become so popular. There was good advice given here by two experienced notaries who are probably very busy. Lots of posts here get scratched out in a hurry to try to offer a bit of help and it probably didn't even occur to either of them that someone might take their comments personally or consider it rude. It's approaching end of month, folks are busy and they don't have time to worry about making sure their comments are carefully worded so no one will get their feelings hurt.

And is it rude if someone doesn't use their precious time to do an entire brain dump on a subject they've spent years learning about for the convenience of anyone who might ask? And for people who aren't willing to make the effort on their own to find what is readily available? Frankly, I'm getting a bit tired of that attitude of expectancy. No one owes anyone any information on anything. They're doing you a favor to respond at all! As I said in another post many years ago, any newbies who come here should be on their knees with gratitude for all the info that's available here. And no, not everyone had all this handed to them when they started out. I find it very curious that it always seems like those who are complaining of rudeness are the ones asking the questions and wanting help...

Haven't you noticed yet, folks? Occasionally you'll see some new person come on here and outline the steps they've already taken to find their answers and then ask a cogent question about some specific thing they couldn't quite figure out on their own. These are the people who get the best responses. (And it doesn't hurt if it's not near EOM!) Most are more than happy to help someone who is willing to help themselves - to the extent they have time. We all have our own businesses to run, too!

Finally, be careful what you wish for. There have already been numerous highly knowledgeable, experienced notaries who used to post here, but whose advice might not have been presented with enough of a sugar coating for some who gave them grief. I can think of quite a few who eventually simply decided that they didn't need the aggravation, so why bother. It's no skin off their nose if this board ends up like other forums with the blind leading the blind... There will never be a shortage of people willing to give advice - but the ones who are qualified to give GOOD advice are likely the busiest, with the least amount of time to worry about the sensitivities of others, and the least to lose if they go away. Who would you rather hear from?

OK. After having re-read my own post, maybe I should change the subject line... 'cause I guess I got myself a little worked up and I AM doing a little bit of scolding myself. Maybe it's because I'm fighting a cold and feeling a bit crabby - BUT I'm also feeling less and less inclined to spend time on this site...


Finally, back to the subject at hand, the SOI. I've seen explanations provided by title on occasion and it usually refers to the fact that there are so many people (especially in CA) who may have same or similar names and the personal information provided there may help them be sure they are tying the right info with the right person. For example, I can think of several times when I've seen an affidavit in a package that asks a borrower to confirm that they're not the same John Smith who has such and such a judgment against him. That's the explanation I use and it usually works.

Reply by Linda_H/FL on 12/18/12 5:52am
Msg #446893

Touche Janet!

"And is it rude if someone doesn't use their precious time to do an entire brain dump on a subject they've spent years learning about for the convenience of anyone who might ask? And for people who aren't willing to make the effort on their own to find what is readily available? Frankly, I'm getting a bit tired of that attitude of expectancy"

And I'll add - when that attitude of expectancy isn't readily satisfied and they're encouraged to search a subject that's been commented on ad nauseum, their feelings are hurt and they say posters are mean.

Reply by sigtogo/OR on 12/17/12 9:57pm
Msg #446874

not necessarily so--I have title company that I know does

not ask for SI and I find it in the middle of lender docs and escrow docs come separately. I had another title company tell me to ignore it along with the certification of trust that was in a package!

Reply by Donna McDaniel on 12/18/12 7:33am
Msg #446896

Name Calling...

something I have never seen these so-called "jerks" resort to.

These people you are describing as jerks are THE most knowledgable and professional in the business.

They don't have time to don their kid gloves every time someone asks a question that has been discussed in the recent past or is basic notary 101.

Reply by JanetK_CA on 12/18/12 12:27pm
Msg #446931

Re: Name Calling... Exactly!

And I just wanted to add that I don't think the take-away here is that "newbies" - or anyone else - should be afraid to post. They should just try to find the answers on their own first, using the search function. If that doesn't work, or maybe you're not sure of the right terms to search for, go ahead and ask, but let us know what you've already tried. If you don't have time to at least do that, than why would you expect someone else to have time to give a detailed answer?

Just understand that people generally aren't trying to be mean or rude, they're probably just in a hurry.