Posted by Elyse Anderson on 10/4/12 2:38pm
Msg #437195

New Signing Agent

On a Notice Right to Cancel, if the date has not been pre-filled in, do you still need the borrower to initial above the hand written date?

Reply by GOLDGIRL/CA on 10/4/12 3:05pm
Msg #437196

Generally, no. Initials are used when a strikeout and correction are made. However, some lender instructions say initial the dates on the RTC under any circumstances (tho this is rare); and others, like Provident, will reject the docs if the RTC is initialed.

Reply by Claire Wills on 10/4/12 3:13pm
Msg #437197

Thanks Girl! I know, Provident is really picky. I was taught this through training. Thanks for the info, really appreciate it.

Reply by Elyse Anderson on 10/4/12 3:14pm
Msg #437198

Thank you. Was just double checking. I love Notary Rotary!

Reply by Marian_in_CA on 10/4/12 3:51pm
Msg #437202

You know what? I think this is actually a pretty good question if you think about it. We often encounter this as a blank line and think nothing of it, often need to correct the date, etc. And of course there are those times when those few lenders who are uber, uber anal retentive about even stray lint marks that send them in to convulsions. Yes, I'm exaggerating on that one...a bit.

So for newbies, wondering what to do with a blank and whether or initial it or not is actually a decent question. I think most of the time, like GG said, the answer is no. Initials are used to indicate an acknowledgment of a correction.

But there are always exceptions to the rules, and you learns them as you go. Most of the time you learn them by paying close attention to the instructions sent to you. Sometimes you'll learn about them here, too, by reading about others' experiences. That's always helpful!

Reply by Pro Mobile Notary on 10/4/12 4:47pm
Msg #437207

We are beginning to see a growing number of lenders that want to see the dates initialed even when the RTC has the correct pre-printed date on it. It all depends on the lender.

B of A will reject a set of signed docs if the signing agent strikes out the incorrect dates and puts the correct ones in there and has it initialed. I can only recall a single instance where Provident gave approval for a strike-over and a correction. It was their flub and it was a purchase transaction.

I do not think any lender (excepting perhaps Provident or B of A) that would reject a set of docs over the borrower initialing the RTC date, so I see little downside to having everyone just get them initialed.

Reply by jba/fl on 10/4/12 4:55pm
Msg #437208

I think the question concerned blank space-she insert all. n/m

Reply by Marian_in_CA on 10/4/12 5:03pm
Msg #437210

That's right. n/m

Reply by GOLDGIRL/CA on 10/4/12 9:07pm
Msg #437226

<<I can only recall a single instance where Provident gave approval for a strike-over and a correction. It was their flub and it was a purchase transaction.>>

Hmmmm, just as I suspected. The notary and the borrowers MUST BE PERFECT, but Provident can make mistakes!

Reply by Marian_in_CA on 10/4/12 10:06pm
Msg #437234

You know, I've always wondered what the inside of the Provident offices looked like...

Can you imagine the signs in their break room? LOL!!

Reply by JanetK_CA on 10/4/12 11:30pm
Msg #437244

Another perspective on initialing next to dates written into a blank space... When you think about it, if there are BO initials there - in theory, at least - someone could later line through the date they wrote in and change it, since it's already been initialed. If the instructions were clear enough that initials were required for anything written in, it would probably be OK, but other than that, it could be an opening for messing with dates. Just sayin'...

To go one more step closer to the absurd, anyone care to get into making corrections to initials, i.e. initialing the initials? This subject can make you crazy if you think about it too much...

Reply by GOLDGIRL/CA on 10/5/12 10:58am
Msg #437300

So true, Janet

Once somebody's initialed, anything goes (or could go).