Posted by Kay/IL on 10/10/12 2:35am
Msg #437847
FYI: Witnesses for Chase Documents
This week, I had a signing for a borrower who owned property in another state. The signing took place at a Chase branch and required witnesses to execute the mortgage. Until very recently (like this past August), as long as it was a Chase loan, it was possible to ask any Chase employee, with managemnt approval, to be a witness in the event the borrower did not bring any.
The new policy now is that the Chase employee must be a notary him/herself before they can witness a document at a branch, with management approval, of course. (Chase is just getting more and more unnecessarily complicated as one of their employees noted.)
Just thought I'd put that out there for my fellow notaries. 
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Reply by BobbiCT on 10/10/12 6:55am
Msg #437851
Employee Witnesses ....
What I've heard, which makes sense from an EMPLOYER's perspective:
We don't want you doing this.
1. If there is any problem with these documents or the loan, during future business hours rather than doing your job here, you could be out of the office in court or at depositions with attorneys.
2. Further, we don't want our office (bank branch) becoming a Defendant in the suit simply because an employee was present at the time. (The Sue Everyone Involved and hope some of the defendants' insurance companies pay to go away offense - which often happens.)
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