I certainly realize things can be different across the country so I speak from the great state of Oregon ļ
1. PURCHASER/OWNER DETERMINES VESTING. when purchasing, buyer specifies in sales agreement how they want to take title. Of course, if their ID is vastly different from the sales agreement, then the buyer may need to amend the sales agreement or execute documents that satisfy the differences to the lenders satisfaction, or get new ID if its that important to them. I don't feel the need to discuss name variations here as that has been discussed numerous times.
2. REFI-vesting as show on the recorded deed is the preferable name on docs. This is not the lender telling them how to vest this is how BO decided to vest when they purchased. Again, if BO wants it to show differently, then docs will need to be executed to show the change. Lender that allow the Mtg/DOT to not match the vesting deed just makes more work for others on future loans or when property sells. I¡¦m guessing this happens because of ignorance or laziness on part of LO, processors, UW, escrow-pick one or blame them all as you wish ƒº
3. Competent LO¡¦s/Lenders/Realtors do require a copy of ID to avert these issues. I know I shouldn¡¦t be, but I am still amazed at the crazy stuff I see these days: LO¡¦s who never talk to their borrowers after the application, no communication from title and borrower ignorance of their loan, the loan process, fees, etc.
Alrighty, enough on that! Have a great weekend!!
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| Messages in this Thread |
|  Title co process improvement suggestion - Ronnie_WA on 10/19/12 3:22pm |
|  Re: Title co process improvement suggestion - signhere/ca on 10/19/12 3:47pm |
|  Re: Title co process improvement suggestion - Ronnie_WA on 10/19/12 4:01pm |
| Re: Title co process improvement suggestion - Pro Mobile Notary on 10/19/12 4:12pm |
| Re: Title co process improvement suggestion - Ronnie_WA on 10/19/12 4:22pm |
|  Re: Title co process improvement suggestion - Pro Mobile Notary on 10/19/12 5:15pm |
|  Re: Title co process improvement suggestion -  BrendaTx on 10/19/12 5:19pm |
|  Correction - BrendaTx on 10/19/12 5:20pm |
| This is rude, unnecessary and damned offensive - HisHughness on 10/19/12 5:26pm |
| Re: This is rude, unnecessary and damned offensive - janCA on 10/19/12 5:35pm |
|  That's Howard, alright. n/m - BrendaTx on 10/19/12 5:48pm |
| Usually I find Howard's contributions helpful. This was not. n/m - HisHughness on 10/19/12 8:57pm |
| Re: This is rude, unnecessary and damned offensive - Ronnie_WA on 10/19/12 5:52pm |
| My perspective is that you are a jerk PMN. - JS_MD on 10/19/12 9:28pm |
| PMN offered $70 4 an edoc refi 70 miles away last month.lol - JS_MD on 10/19/12 9:42pm |
| Re: Title co process improvement suggestion - jba/fl on 10/19/12 10:18pm |
| Ronnie_WA - BrendaTx on 10/19/12 4:24pm |
| Re: Ronnie_WA - Ronnie_WA on 10/19/12 4:27pm |
| Re: Ronnie_WA - BrendaTx on 10/19/12 5:00pm |
| Re: Ronnie_WA - Shoshana/AZ on 10/19/12 5:07pm |
| Re: Ronnie_WA - BrendaTx on 10/19/12 5:11pm |
| Re: Ronnie_WA - Ronnie_WA on 10/19/12 5:55pm |
|  Re: Ronnie_WA - BrendaTx on 10/19/12 6:04pm |
|  buyer tells seller via sales agreement how they want vesting n/m - sigtogo/OR on 10/19/12 7:34pm |
| sorry Brenda, must disagee- buyer/borrower decides vesting - sigtogo/OR on 10/19/12 7:47pm |
| Re: sorry Brenda, must disagee- buyer/borrower decides vesting - Ronnie_WA on 10/19/12 7:54pm |
| I have to ask you, why are you surprised? - BrendaTx on 10/19/12 11:41pm |
| Seems as though I hit a nerve-not my intention - sigtogo/OR on 10/20/12 12:56am |
|  No, you said that you "would be surprised" - BrendaTx on 10/20/12 11:50am |
|  When I did purchase closings in CT with mortgages - Linda_H/FL on 10/20/12 12:17pm |
|  Re: When I did purchase closings in CT with mortgages - BrendaTx on 10/21/12 8:54pm |
| Re: Ronnie_WA - Ronnie_WA on 10/19/12 5:08pm |
| Thank you, Ronnie. I appreciate your patience. - BrendaTx on 10/19/12 5:33pm |
| Re: Thank you, Ronnie. I appreciate your patience. - Ronnie_WA on 10/19/12 5:47pm |
| PS - I have many years experience in legal/title/mortgage - BrendaTx on 10/19/12 5:08pm |
| Re: PS - I have many years experience in legal/title/mortgage - Ronnie_WA on 10/19/12 5:10pm |
| Re: PS - I have many years experience in legal/title/mortgage - BrendaTx on 10/19/12 5:16pm |
| Re: PS - I have many years experience in legal/title/mortgage - Ronnie_WA on 10/19/12 5:20pm |
| Is that a lender law, title/insurance law, or notary law? - BrendaTx on 10/19/12 5:22pm |
| Re: Is that a lender law, title/insurance law, or notary law? - Ronnie_WA on 10/19/12 5:30pm |
| Re: PS - I have many years experience in legal/title/mortgage - Ronnie_WA on 10/19/12 5:24pm |
| Her problem is that you claimed a statutory requirement. - HisHughness on 10/19/12 5:32pm |
| Re: Her problem is that you claimed a statutory requirement. - Ronnie_WA on 10/19/12 5:41pm |
| Re: Her problem is that you claimed a statutory requirement. - BrendaTx on 10/19/12 5:47pm |
| Re: Her problem is that you claimed a statutory requirement. - BrendaTx on 10/19/12 5:43pm |
| Re: Her problem is that you claimed a statutory requirement. - JanetK_CA on 10/19/12 6:08pm |
| A first for me last night... - JanetK_CA on 10/20/12 4:11pm |
 | My take on some of this! - sigtogo/OR on 10/19/12 7:31pm |
| strange punctuation--cut and past from word :) n/m - sigtogo/OR on 10/19/12 7:57pm |
