Posted by Coralynn Sinerius on 4/3/13 2:07pm
Msg #464308

SIGNING LOAN DOCS IN POA CAPACITY

I have a transaction that is approved by lender to sign in POA. I have the format of how it should be worded, however I need advice on if the names should be printed or actual signatures?

Thank you

Reply by JPH13/MO on 4/3/13 2:12pm
Msg #464310

If you are referring to what to place on the signature lines, I always have them use cursive for the names and print anything else required, such as "AIF for", but would be interested to hear from others. They at the very least would have to sign their own name in cursive, since you need a signature.

Reply by Coralynn Sinerius on 4/3/13 2:16pm
Msg #464312

Thank you for your reply. That is great advice and is along with what I was thinking.

Reply by MW/VA on 4/3/13 2:15pm
Msg #464311

Your question is a little confusing. It is being signed

with a POA, and means exactly that--signed. Hopefully, they have all the verbage printed on the appropriate docs. I do a lot of these & usually make up a little cheat sheet, especially for the initialling part. Ex: Signing John E. Doe by Jane M. Doe, his attorney in fact--initials would be JED by JMD, AIF. If you have ANY questions on how they want it signed, contact your hiring party. POA signings have to be done exactly write & they usually have to sign all the verbage. Also, you usually need to get a copy of the POA or get the original to forward back with the loan docs. This sort of thing isn't for amateurs, and I'm not saying you are.

Reply by Coralynn Sinerius on 4/3/13 2:18pm
Msg #464314

Re: Your question is a little confusing. It is being signed

Thank you! Good info

Reply by sigtogo/OR on 4/3/13 2:18pm
Msg #464313

per instruction from a couple of EO: signer signs their name

in cursive as usual and print the rest. makes sense when you consider a lot of cursive writing is not decipherable and while that may be fine for signer, the name of the poa grantor needs to be legible.

Reply by JPH13/MO on 4/3/13 2:28pm
Msg #464319

Re: per instruction from a couple of EO: signer signs their name

I like that for when they may have messy writing. I've been super lucky I guess and they have always had neat handwriting, so I saw no point in making them print all but their signature since it would have taken longer. Good to know though!

Reply by Rowsy/CA on 4/3/13 2:31pm
Msg #464320

Re: per instruction from a couple of EO: signer signs their name

According to one signing service, these are the guidelines they and their lenders require:

in cursive: "Jane W. Doe by John P. Doe" followed by "Her attorney in fact" in printing.
for initials: Initials in cursive"JWD by JPD" followed by "as her attorney in fact" in printing

In addition, these are other requirements:
Must be within the signature block and not below the signature line
Signature of borrower must be in a cursive/signature format no printed names allowed

Reply by Jessica/FL on 4/3/13 2:33pm
Msg #464321

Re: per instruction from a couple of EO: signer signs their name

I would say basically the same but:

in cursive: "Jane W. Doe by John P. Doe" followed by " as Her attorney in fact" in printing.
for initials: "JWD by JPD" followed by "AIF" in printing

Reply by MW/VA on 4/3/13 5:12pm
Msg #464332

Re: per instruction from a couple of EO: signer signs their name

I'd tend to agree with that. Also, initials are often printed. IMO the only real issue for cursive is the signature. The topic of schools not continuing to teach cursive came up with a teacher friend recently. She said they will certain teach people how to sign their names though. I was wondering about that & how it would impact everything in the future.

Reply by Coralynn Sinerius on 4/3/13 4:52pm
Msg #464330

Re: per instruction from a couple of EO: signer signs their name

Thank you-very helpful and detailed

Reply by Linda_H/FL on 4/3/13 2:38pm
Msg #464322

I would have them sign the entire things in cursive

since our handbook shows an example of a POA signing and it's all in cursive.

However, IMO your best bet is to call your hiring party and ask them how THEY want it done - do they have any preference? Our word here is not the final word or a blanket rule for the particular company you're working for. Ask them - their opinion is the one that counts and the one that will get you paid.

JMO

Reply by JPH13/MO on 4/3/13 3:05pm
Msg #464324

I agree and always call to see how they want signed

but now I need to also ask what needs to be in cursive vs. printed, as I haven't been asking that, just been asking the format they want for signatures and initials.

Reply by Notarysigner on 4/3/13 3:23pm
Msg #464326

Agree, they're always instructions when I get these n/m

Reply by VT_Syrup on 4/4/13 8:29am
Msg #464390

It sound as if you have not actually talked to the signer(s) yet. I've met quite a few people educated in countries where the Roman alphabet is not the main or only writing system (Arabia, Japan, China). Quite a few of these highly-educated people couldn't write in cursive; it wasn't part of their education. So if block letters is how they usually sign their name, that's how they'll have to sign. If the signer is able to write in cursive, follow lender/title instructions about whether the name of the person being represented and the capacity should be cursive or block.