I would have skipped signing that particular document - put a note on it back to Title saying "borrower's employment has changed" (I would also have sent an email relaying the information)... but I would have continued to sign the documents. I believe details like that can be addressed during the recission period without jeopardizing the borrower's loan/rate (especially in this case where she is making more money!) Say the new employment information was a deal breaker for the lender and the loan is cancelled - the notary should still be paid for the appointment and title/lender go back to the drawing board. On the other hand, say the new employment information was NOT a deal breaker and employment was verified immediately the next day... wow - now docs have to be redrawn, borrower is out their next loan payment, borrower may lose their rate, someone has to pay for 2nd signing trip - lots of ramifications that could be costly.
JMO, Melissa |
