I'm not naive. I know that things are frequently done to expedite a case. When I replied, "Really?" it had more to do with the risk of a lender's or title agency's employee getting caught at it.
What WDMD describes does not solve the problem. A signature, a date, or initials that are whited-out on a form will be easily detected by an auditor. If a document is subjected to a white-out and then photo-copied, thereby removing the evidence of the white-out, that does not solve the problem I described in my post, that is, initials MISSING from the bottom of the first page of a 1003 because of the removal of the incorrectly signed page one (permitted by the NSA) and its subsequent substitution with a fresh page.
Whiting out doesn't solve the problem. Yes, the Correction Agreement or Limited Power of Attorney used in many files fixes that problem, and legally. But what really solves the problem is doing a job right the first time. I know you're not averse to that. I don't know why some other agents are. |
