Posted by Karla/WA on 9/28/12 5:56pm
Msg #436360

Chase Loans....New Requirement effective Oct 1

Anyone know anything about this Evidence Form that Chase is now requiring for all loans?

Apparently all docs need to be described, the number of pages, time or notarization, etc.

I'm calling my contact at LSI to find out more.

Ridiculous.

Reply by Lee/AR on 9/28/12 5:59pm
Msg #436361

B'bye Chase

This from a lender who can't seem to get docs out timely?? Beyond ridiculous.

Reply by Karla/WA on 9/28/12 6:02pm
Msg #436362

Re: B'bye Chase

LSI Chase Team doesn't know anything about it.

I just emailed them the doc. This came out from LSI Vendor Management. All they said is that they knew that all notaries need a BACKGROUND CHECK!

Dah!

Reply by MistarellaFL on 9/28/12 6:05pm
Msg #436363

I haven't seen it, but

BOA has a form that shows all the docs/described.
Is this something to fill out, or something to compare to docs?

Reply by JinCA on 9/28/12 6:07pm
Msg #436364

Just read it

Looks like a PITA. Listing the Notarized docs is only a small part of it...

Reply by Karla/WA on 9/28/12 6:10pm
Msg #436365

Re: Just read it

I just asked for LSI to create a prefilled in list of the Chase docs....then we can check the box!

If they won't do that, then I will create my own PDF file so that I don't have to list each doc each time.......

I wonder what's behind this.......

Reply by LMS on 9/28/12 6:10pm
Msg #436367

Here is the email....

To All Signing Agents:



Effective Monday, October 1, 2012 all loan closings for JP Morgan Chase will require that the attached Notarial Evidence form be completed. During the document signing with the borrower(s), the Notarial Evidence form must be completed evidencing each notarized document signed by all borrower(s) and signer(s) on the loan. Only one form per loan needs to be completed and all documents notarized by the signing agent must be recorded on the form. This form will be included with the loan documents that are emailed for use in Chase loan signings.



Please note that no signatures are required on this form. The signing agent conducting the closing must complete the form with their own information. The completed Notarial Evidence form must be filled in thoroughly without exception. This form must be returned with the original signed loan documents package.



Failure to return this document or failure to properly execute the document will result in a follow up request to complete and may delay your payment. Instructions and clarifications for the items on the Notarial Evidence Form are listed below.



Notarial Evidence Form Instructions:



Section 1 - Notary Information

1) Notary Name - complete your name as it is shown on Notary Commission/Certificate

2) State of Notary Commission - indicate the State in which you were commissioned as a Notary Public

3) Notary Commission Number - show the Commission Number as evidenced on you state issued Notary Commission

4) Notary Identification Number (if applicable) - show the Identification Number as evidenced on your state issued Notary Certificate (if different from the Commission Number)

5) Commission Effective Date - show date Notary Commission/Certificate was issued

6) Commission Expiration Date - show date Notary Commission/Certificate expires



Section 2 - Borrower's/Signer's Information

Please note that information for each Borrower/Signer must be entered. This includes non-borrowing signers.

1) Enter Borrower/Signer name as it appears on the loan documents

2) Enter Borrower/Signer address from photo ID or current address

3) List document(s) used to identify each Borrower/Signer



Section 3 - Details for Notarized Documents

1) Chase Loan Number - enter Chase loan number as reflected on the Final Settlement Statement (HUD-1)

2) Date of Notarization – enter date the documents were notarized

3) Time of Notarization – enter time the required documents were notarized (use local time)

4) Name or brief description of Notarized Document - enter Title of the form/document notarized as it appears on the form

5) Type of Notarization – enter oath, affirmation or acknowledgement

6) Document Number of Pages - enter the number of pages of each Notarized Document





We recognize that this form will take several minutes to complete. This form serves as a notarial record of the transaction and supports that you have completed your duties as required. We appreciate your cooperation in complying with this Chase requirement. Your service and support of LSI is valued.



If you have any questions, please contact the LSI National Vendor Management Group by calling (800) 756-3524 ext 5035, or send an email to [e-mail address].





National Vendor Management Group

LSI Title Company


This will take a lot longer to fill out then a "few" minutes.
Notary Name
State of Commission
Commission #
Identification # (if applicable)
Commission effective date
Commission expiration date

Borrowers name
Borrowers address
Methof of ID

Repeat for second borrower

Chase loan number
Date of notarization
Time of notarization

Description of document
Type of notarization
Number of document pages


I emailed them back it was ludicrious and my fee for Chase loans was going to be re-evaluated.

Reply by BrendaTx on 9/28/12 6:25pm
Msg #436372

Make a copy.of the form. Write or type in repetitious info including names of documents.

Make copies.

I work for a state agency. I am a redundant form and red tape expert.

Reply by MistarellaFL on 9/28/12 6:28pm
Msg #436374

Brenda you beat me to it

Different brws, same docs, package after package. Copying makes perfect sense.

Reply by janCA on 9/28/12 6:36pm
Msg #436376

Re: Brenda you beat me to it

Is it LSI or Chase?

I don't work for LSI but I do many Chase loan through other title companies and I haven't received any notice like this, YET.

Reply by 101livescan on 9/28/12 7:11pm
Msg #436382

I made up my own template as soon as I printed it out and saw what had to be done to stay in the CHASE game.

I can only say, GREAT MINDS THINK ALIKE!

Reply by Karla/WA on 9/28/12 7:27pm
Msg #436384

Re: Chase Loans....New Requirement effective Oct 1 n/m

Reply by Karla/WA on 9/28/12 7:31pm
Msg #436385

Would you share your form with all of us? We will all be creating our own forms.

Reply by Claire Wills on 9/28/12 9:25pm
Msg #436403

Is It possible you could email me your template? I would greatly appreciate it! Thanks Claire.

Email: [e-mail address]

Reply by Lee/AR on 9/28/12 9:43pm
Msg #436405

Simplify it? What's the purpose is my question. n/m

Reply by Jennifer Jackson on 9/29/12 9:11am
Msg #436441

WOW!....don't we already have enough on our plates? This is going to make the signings even longer, thus making our fees higher

Reply by Bee_CA on 9/29/12 9:34am
Msg #436446

In California, we have this already...it's called our journal.

Reply by CopperheadVA on 9/28/12 6:46pm
Msg #436377

Yes I got the email - I am not thrilled!!!!!!

Why can't they pre-populate the form with the notarized docs? Heck, why can't they prepopulate the form with all the info - borrower info and notary info? LSI is one of my two lowest paying clients - what incentive is there for me to do this extra clerical work?

I like the idea of copying the form.

Geeze what will they think of next?

Reply by NVLSlady/VA on 9/28/12 6:51pm
Msg #436378

What will they think of next . . .

Mandatory escrow/title for us VA notaries!! (Seems inevitable . . . )

I think most changes (incl the BGC) is going to have to come from State level - IMO

Reply by Jessica Ward on 9/28/12 6:53pm
Msg #436379

I work for LSI all the time. Didn't get this email

Could it be a state-by-state thing?

Reply by Jessica Ward on 9/28/12 7:05pm
Msg #436380

I take that back--it just arrived. Ugh! n/m

Reply by jojo_MN on 9/28/12 7:06pm
Msg #436381

Just came to my email a couple minutes ago. n/m

Reply by bfnotary on 9/28/12 7:33pm
Msg #436386

Re: I work for LSI all the time. Didn't get this email

I got the email and I am in pa. Maybe they are doing it little by little. When I first saw this post, it was not in my email. I checked again a little bit ago, and it was there.

Reply by ToniK on 9/28/12 7:35pm
Msg #436387

I didnt get this email. And I do LSI work n/m

Reply by pat/WA on 9/28/12 7:39pm
Msg #436388

I'm not happy about this, but

I converted the PDF file to word and saved it. I will fill it in and store it and if LSI insists on doing this, I will complete the file with the borrowers information and print it.
There should be extra pay for this newest requirement.

Reply by ME/NJ on 9/28/12 8:31pm
Msg #436394

Brink of UPL

If you say something the wrong way it is considered legal advise. Hope LSI legal is combing this over.

Reply by MW/VA on 9/28/12 8:43pm
Msg #436395

So they're paying extra for the extra work, right?

LOL I'm glad I haven't seen any Chase loans. Almost everything I'm going is WF, coming from many different tc's, of course.
IMO it's important to remember that they can request it of you but you can decide if it's worth the effort to sign those loans or not.

Reply by parkerc/ME on 9/28/12 8:46pm
Msg #436396

Fed up with it all

So fed up with ridiculous requirements buried in documents that are sent to us late with no time to review before print-and-run...increasing the risk that we might miss some requirement and the penalty is on us if we do...no skin off Lender/Title/SS backs. I've started turning back jobs when I haven't received documents 3 hrs before...2 hrs before at the very latest. (But I always notify borrowers that the late docs have created a scheduling conflict for me and there will probably be another notary bringing their docs.) Tired of having to reschedule other jobs because of late docs. I believe in the saying "There is no such thing as a 'rush job'. Poor planning on your [lender/title/ss] part does not constitute an emergency on my part." And this latest Chase requirement just ices the cake! Yes, we should definitely up our fees for Chase closings.
I'm fortunate that I don't have to rely on this income to make a living. I've decided to start phasing down my signing agent services and re-activate (after many many moons!) my marriage services. Don't have to wait for docs, don't have to print 200-300 pages, and don't have to worry that I might have missed something even though I've triple-checked it before sending out (the only time I have OCD!). At weddings, everybody's happy...and often I get a meal, cake, and champagne!
LSI is moving down on my list of favorite clients.

Reply by JulieD/KS on 9/28/12 9:16pm
Msg #436401

Re: Fed up with it all

I stopped doing loan signings about a year ago and I sure don't miss it. Reading about this new requirement that adds an extra layer of paperwork (but probably won't increase the pay) makes me glad I was able to give up the signing business. I sure don't miss it.

Reply by Karla/OR on 9/29/12 1:51am
Msg #436421

Re: Chase Loans....I have not seen this new form yet. n/m

Reply by CentralNY on 9/29/12 6:14am
Msg #436426

How about they kiss the rosie red.......

beyond the pale. how about we prepare all the docs and do the hud while at it. Julie, I so agree with you, just crazy.

Reply by CopperheadVA on 9/29/12 6:34am
Msg #436428

For those who have not yet received the form

I copied and pasted the words from the form here - it is formatted as boxes and columns to fill in on the real form:


CHASE MORTGAGE BANKING NOTARIAL EVIDENCE FORM

Please print. Fully complete all fields below. Only one form is required per loan.
Include all borrower or signer information, as applicable, in Section 2 below. If multiple documents are notarized, include each document notarized for each borrower or signer in Section 3 below. Use additional sheets as required based on number of documents notarized.

SECTION 1-NOTARY INFORMATION

Notary Name
State of Notary Commission
Notary Commission No.
Notary Identification No. (if applicable)
Commission Effective Date
Commission Expiration Date



SECTION 2-BORROWER(S)/SIGNER(S) INFORMATION
Name and Address of all Borrowers/Signers Executing Notarized Documents. List exact name(s) used in the document(s) being notarized.

Borrower's/Signer's Name:
Borrower's/Signer's Address:
Method of Identification of Borrower/Signer (government issued ID, passport, personal knowledge, etc.)

Borrower's/Signer's Name:
Borrower's/Signer's Address:
Method of Identification of Borrower/Signer (government issued ID, passport, personal knowledge, etc.)

SECTION 3- DETAILS FOR NOTARIZED DOCUMENTS

Chase Loan Number
Date of Notarization
Time of Notarization

< LISTED IN THREE COLUMNS >
Name or brief description of notarized document
Type of Notarization (oath, affirmation or acknowledgement)
Document Number of Pages


1.
2.
3.
4.
5.
6.
7.
8.
9.

Reply by CopperheadVA on 9/29/12 7:05am
Msg #436430

I am not understanding what purpose this form serves... n/m

Reply by CentralNY on 9/29/12 7:53am
Msg #436432

Red, look at the 2nd to last sentence

it basically says this is being requested for the dopes that do not know how to do this job for the fees they want to pay. they have to train them somehow, like circus monkeys. sorry, but i just can't believe it.

Reply by Bob_Chicago on 9/29/12 9:13am
Msg #436442

The good news. In the typical Chase file, the only dox

that require notarization are the the mortgage/DOT and the signature/name affidavit

Reply by Karla/WA on 9/29/12 9:25am
Msg #436445

Re: The good news. In the typical Chase file, the only dox

I'm wondering if they want lsi affidavits on this list. I was thinking the same thing that its only the DOT and sig affs.

Reply by Lee/AR on 9/29/12 10:04am
Msg #436452

Says "all". Must mean all unless you're feeling lucky n/m

Reply by CopperheadVA on 9/29/12 10:16am
Msg #436455

This appears to be a Chase form so all I am going to do

is list the Chase docs. LSI has a lot of instructions on their four-page signing agent instruction sheet that they don't really mean literally how it reads on the page. For example, AFAIK they only need a copy of ID for the Wells Fargo loans. I don't get copies of ID for any of the other lenders I do through LSI unless I receive a specific instruction to do so. Other than that, all LSI requires is that their ID form be completed.

Another example, their four-page instructions say to obtain borrower initials on last page of Note, DOT, and 4506T. That is a Chase-specific instruction, yet they have it generically listed on their four-page blanket instructions that they send out on every loan.

IMHO, LSI is not known for their clarity in instructions. Look at how many times they have revised that email confirmation request that they send on the day of closing.

Reply by Leann Groby on 9/29/12 10:37am
Msg #436458

Re: This appears to be a Chase form so all I am going to do

I do signings for Chase through TRG, Title Source, First American Sig Services and have NOT been instructed by these title companies of this form. HMMMM. Seems funny that we haven't had the same instructions from them if Chase is requiring it on Monday....

Reply by Ellen Michaels on 10/10/12 1:16pm
Msg #437923

I had recieved this notification from two signing companies that I work with. Another one of the companies that I work with has decided to take the Chase form and apply it to ALL of their loan signings!

All I can do is shake my head and roll my eyes! Who knows what they will have notaries do next oy vey!