Erna- I had two loan packages this week with this same document - reading just about the same as I remember, but did not see any wrong in it.
However with the instructions from some Lenders comes the warning that NO changes are allowed on the documents at all- so changing wording would not be an option, in my opinion.
In fact warning label attached said we are to be Witnessing the Borrowers signatures and verifying IDs only- answering no questions at all- saying they have to call their Loan Officer etc.
Had one Lender require Borrowers initial the RTC dates , and of course sign below where required. (That was a first as well for me to see).
I went with the document as worded, and feel comfortable with that; guess I'll wait and see if it comes back to bite me.
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