When the lock is expiring the day of the signing and the signing is taking place at 5:30 p.m. and the borrower has misplaced his wallet and is in a panic and the loan needs to sign that night, credible witnesses are essential to get the loan signed in time.
In the original posting, the borrower was told by the first notary that she could not be ID. The borrower should have told her loan officer that the docs needed to be drawn correctly in her legal name to rectify the situation; but the reality of life is that most people do not have the knowledge and/or are not savvy enough to make sure things are done correctly by their lender. Most have been lead through the process by a LO who has said "Oh, it's not a problem..." and just go with that. |