Brenda -- great job!
As suggestions for additions:
1) There is one thing I see cropping up on this board frequently enough (and that my quick scanning of the existing threads doesn't seem to cover), the handling of the POA--signatures and initials.
2) Similarly, though I haven't seen it that often since I began reading, would be how to handle the signing of names/initials when there is a Trust involved, with an N.B. to always contact the TC or Lender if not noted elsewhere in confirmation/escrow instructions.
3) In addition, I would emphasize, (time/circumstances permitting) the reading of BOTH Borrower and Lender Escrow Instructions--though intended for the closer, there frequently is buried in there information and/or answers to questions that come up that might be extremely valuable (and often time-saving) for the signing agent to be aware of in advance.
4) Lastly, perhaps a note about all the 'junk' documents that can clutter packages? Based on frequent answers to my questions by the numerous LPOs who helped to educate me, when I am uncertain about something that is included in the Borrower(s)' copy package but I can't find reference to it in the instructions (or SA confirmation) and/or can't reach the SS/TC/Lender to get an answer, I simply have Borrowers initial these as an indication they have seen the document. This could be considered an undesirable practice by some, as it can add time to the signing, but I've never had a package come back because of it nor heard of any adverse effects, either upon the loan or the Borrowers.)
Signing off now! (The 'hyper'-me is certain I've overlooked some frequently-asked things.) |
