Posted by Linda_H/FL on 9/23/13 1:30pm
Msg #485611
4506T Training - seriously TS? Good Grief!! n/m
| Reply by jba/fl on 9/23/13 2:48pm
Msg #485624
Re: 4506T Training - seriously TS? Good Grief!!
I guess this is not a point and sign doc. LOL
| Reply by Linda_H/FL on 9/23/13 2:51pm
Msg #485625
I just took it and,honestly, I think their answer to the
second question on the quiz is incorrect - but who am I to judge...I finally got it right - 5 minute video, 2 question quiz...
| Reply by LynnNC on 9/23/13 2:52pm
Msg #485626
Quiz from whom? n/m
| Reply by Linda_H/FL on 9/23/13 2:54pm
Msg #485627
Title Source n/m
| Reply by Yoli/CA on 9/23/13 3:01pm
Msg #485628
Re: I just took it and,honestly, I think their answer to the
Same here, Linda H/FL!
| Reply by jnew on 9/23/13 3:13pm
Msg #485630
Re: I just took it and,honestly, I think their answer to the
I think the objections to this training are a bit overblown. They simply want to make sure that their signing agents understand how they want their documents executed as a precaution against having to correct documents later. Most of the quizzes at the end of the training are quite simple and a person having notarial experience would know the answer already
| Reply by desktopfull on 9/23/13 3:24pm
Msg #485632
Re: I just took it and,honestly, I think their answer to the
IMHO, they wouldn't need to do this at all if they would hire experienced signing agents for a reasonable fee instead of cutting their fees and hiring someone who just decided to make some spare cash with their notary seal that is totally clueless.
| Reply by sigtogo/OR on 9/23/13 4:58pm
Msg #485643
haven't seen this one yet but I am actually looking forward
to seeing what they say! I have BO complete the same as I did as an LO-meaning you fill in all the boxes and, if married, both sign. Since the 4506T is handled differently by each lenders, it will be interesting to see what they require. maybe I am doing more work than I need to 
| Reply by Belinda/CA on 9/23/13 4:42pm
Msg #485637
Crazy as it sounds, I learned something TS specifically
wants from us.
1. On the Signature Name Affidavit if a person has not been known by that name TS wants them to specifically write "I have never been known by this name." Appears they want no other version of this written in. Also, the borrower must initial after writing this out. (These two things are not specifically required by anyone else that hires me. Any version of the above is acceptable and no one has ever requested the borrowers initial the statement they write out.)
2. Correct me if I am wrong, but TS wants signatures dated even if it is not asked for. Even if 'date' is not stated near the signature they want it dated.
Anyone else get this from the training?
| Reply by sigtogo/OR on 9/23/13 4:49pm
Msg #485641
no Belinda, they do not want dates unless asked for IME
also, the sig/name aff directions are in many, if not all, of the document packages that I get. I have also been instructed the same by Wells, Chase and other lenders.
the varying instructions we all get can be quite confusing can't it?
| Reply by Belinda/CA on 9/23/13 9:14pm
Msg #485669
No, Sigtogo, the instructions with TS's training said -
from my previous post:
>1. On the Signature Name Affidavit if a person has not been known by that name TS wants them to specifically write "I have never been known by this name." Appears they want no other version of this written in. Also, the borrower must it initial after writing this out. (These two things are not specifically required by anyone else that hires me. Basically any version of the above is acceptable for other hiring parties and no one has ever requested the borrowers initial the statement they write out.)<
I too have had similar instructions from others - about them writing in "I have never been known by this name," if they have never been known by that name. However, most other lenders/title have not been so specific as to how it must be worded. As long as they get the gist of it on there it is good to go. Although, if the hiring party is specific to me I am specific with the borrower(s). I have never had the borrower(s) initial that written statement as TS is requesting.
From my previous post:
>2. Correct me if I am wrong, but TS wants signatures dated even if it is not asked for. Even if 'date' is not stated near the signature they want it dated.<
I should not have said 'correct me if I am wrong.' That was asking for it. Only TS can correct me.
The above wording I wrote down during their training session we all had to do to stay active. They actually said we are to have the borrower(s) date even if it appears no date is required. So, I guess a TS rep needs to chime in here and either confirm or retract.
Just did their HUD/VA Addendum training. Just to add another thing for someone to get bent out of shape about...
3. The HUD/VA Addendum, with TS, is to be signed at the bottom of page 1 even if there is no signature line for it. I quote, "The signature section on the bottom of the first page may not have a line to sign on. Please have the client sign there even if this line is not present."
This is referring to Part IV - Borrower Consent for Social Security Administration to Verify SS#. I have never seen one without a signature line but they must be out there if it deems mention in the training as a "common error." So, we should watch out for it. (Yet another thing to remember - and oh, by the way, we want to pay you less.)
Like I said, a TS rep needs to chime in here and either confirm or retract.
In conclusion, when doing a signing for TS, don't have them write specifically "I have never been known by this name" and don't have them initial it.
Don't date all signatures.
And don't have them sign the bottom of page one of the HUD/VA Addendum even if a line is not present for them to sign on.
There, does that help some of you to feel better. :o)
| Reply by Darlin_AL on 9/24/13 11:36am
Msg #485742
Belinda, I get that same instruction from AMC
for lender New Day Financial, VA loan. Had to go back & get it but I did not get penalized. Yea! It was my oversight--they had it in the instructions "..all HUD docs..."
| Reply by HisHughness on 9/23/13 6:13pm
Msg #485657
Re: Crazy as it sounds, I learned something TS specifically
***TS wants them to specifically write "I have never been known by this name."***
If the name is listed on the signature affidavit as an alternate, then the above averment is factually incorrect. If it's on the affidavit, then it came from somewhere, so the party <has> been known by that name. I have my signers write "I have never used the name XXXXXXXXXXXX." TitleSource has never questioned that wording. That takes care of some $12 an hour clerk misspelling the name on a credit application some time in the past.
| Reply by jba/fl on 9/23/13 7:37pm
Msg #485660
Re: Crazy as it sounds, I learned something TS specifically
"If the name is listed on the signature affidavit as an alternate, then the above averment is factually incorrect. "
Disagree. Most of these names and fractured forms of names come from sloppy input by someone along the line entering info to the credit reporting system. Sometimes we see John M. Brown on these affidavits as Brown John M, which is not correct - he is 'never known as' in this instance. In the case of longer names, Christopher S. Herckleheimer the space requirements demand that a lesser number of characters be input, so we see Christoph S Herckleheimer, CS Herckleheimer and other variations that the BO has never used. But, to be on the safe side, we have them state 'never known as' because who knows with the way people are spelling names these days that Christopher is now Christophr or Christofer or whatever someone's imagination settles on, much to the later chagrin of the child in question when he gets to school and has to deal with these imaginary naming conventions.
If it is not close to John M. Brown, ie, John Maynard Brown (as shown on DL or other id) I urge my BO's to not sign but to state 'never known as'. This is the perfect time to get those errors out of the way and assist in cleaning the credit reports. And if Johnny Brown is listed and he has never filled out a credit app. or has no id in this manner, we get rid of it. It is, otherwise, just too common and, therefore, more easily confused with another individual. If the bo states that his friends call him Johnny then I clarify - do your creditors call you Johnny? If not - don't want it. Another instance of KISS in action.
So, if the name is listed, it may be because of other errors and not that the person has ever been known by that name. It is not an untruth when others have made the error and should be accepted by the borrower that he has 'never been known as.'
| Reply by HisHughness on 9/23/13 9:29pm
Msg #485674
Re: Crazy as it sounds, I learned something TS specifically
To repeat, if the name is on the name affidavit, the borrower HAS been known by that name, otherwise it would not be on the affidavit. The borrower may not have used it himself, and he may be known by that name only to one pimple-faced clerk with a 10th-grade education who misspelled the name on a credit application, but there can be no denying the borrower was <known> by that name by <that> clerk and on <that> document.
"Known" is not a synonym for "used," at least in my lexicon. "Known" in this instance applies to how others perceive you; "used" pertains to how you yourself employ the name.
| Reply by Susan Fischer on 9/23/13 11:04pm
Msg #485680
Hence, the difference between "every known as" and "ever
used" this name...
Just as Hugh articulated.
| Reply by JimAZ on 9/23/13 10:19pm
Msg #485677
Re: 4506T Training - seriously TS? Good Grief!!
Got my 4506T training email today. I don't even bother with the video training anymore and just go to the "take test". 100% so far after six tests. If Title Source has a problem with so-called notaries signing the 1003 as Loan Originator then deal with them. Ask them what a 1003 is and if they can't answer, dump them and give the business to the PROS.
| Reply by janCA on 9/24/13 9:28am
Msg #485706
Agree Wholeheartedly! n/m
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