Kinda like the owners affidavit asks if there are any contracts to sell the property. I think the lender might be interested if I pull up to a house for a refi and there is a "sold" sign in the yard. Those title affidavits, although sometimes called "junk docs", ask these types of questions.
I may be a notary public, but I represent the title company and lender when I am at the table as a signing agent. They hired me and I think they would want me to tell them if the property suffered severe damage.
Another signing agent scenario: While signing, the borrowers asks about my job because he just quit his job Monday and is looking for work. Loan app says he works at xyz company. I doubt the lender knows the borrowers financials seriously changed in the last few days and most times there are documents in the package that ask the borrower if his financials are basically the same as they were at application. Do we, as signing agents, just shove the paperwork in front of them and have them sign?
I am a signing agent, representing the entity that hired me and sometimes the only person the borrowers actually meet. Although being a notary public is necessary for this job, it is only a small part of it.
Joan-OH |
