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AKnotary
Alaska
36 Posts |
 Posted - 03/20/2013 : 09:26:25 AM
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Here in Alaska we have the highest number of veterans per capita of any state; hence, VA loans are very popular here. The VA packages I get typically do have lots of additional pages of instructions, but in some instances, many of these additional pages are coming from the signing company and not necessarily from the lender. I've never had any package rejected or to be resigned, but apparently that's not the norm. I have a friend who works in the closing dept of Wells Fargo in Arizona. (Many of the Wells Fargo closing offices specifically request me for their signings because they know from experience that I'll do it correctly.) She tells me that the packages they receive from most signing agents are laughable, many are unacceptable and most are downright sloppy. Knowing this, is it any wonder there are so many additional pages of instructions?
B of A closing packages have 2 sets of closing instructions that amount to about 25+ extra pages in the package-regardless of the loan type.
USAA formats their VA packages on letter-size paper, which means the signature blocks will fall differently than on legal size paper, and this does increase the page count. They do insert signing instructions into their packages for specific docs, and this adds about 6 extra pages.
Take time to get familiar with the package before you get to the signing. I ask all my signing companies to get the docs to me the day before and in many cases this happens. If you let the signing company know this in advance it helps them advise the lender on when the doc package has to be ready. You then have extra time to review the package and ask questions before the signing, or to decline it if you're simply not comfortable with the doc package.
Vicki Kluever
NNA Certified Notary Signing Agent in Alaska
907) 539-7111 |
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TGS1985
California
208 Posts |
Posted - 03/19/2013 : 1:41:56 PM
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quote:
Originally posted by Lee-AR
Depends... just had one that was over 200 pages; tons of near-duplicates (same form/different format--some of which required initialing each page; some didn't). Don't think a blanket statement can be made on any type of package as all Lenders/TCs are not the same.
I, too, also received that 37 page piece of work. Instructions had the notary adding initial &/or signature lines where there were none, (one page had to be signed in 2 places and initialed--how silly is that?)
If you don't value your time and experience, nobody else will.
Wow, I must have been lucky so far as those sound like nightmares and I would have definitely remember all of that. As I said before It's been a few months and closer to half a year since I've done one. Are these experiences from recent VA loans or this always been the case?
- Tyler Soares -
Notary Public & Loan Signing Agent
www.mobilestocktonnotary.com
www.saccitynotary.com
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Lee-AR
Arkansas
678 Posts |
Posted - 03/18/2013 : 08:11:16 AM
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Depends... just had one that was over 200 pages; tons of near-duplicates (same form/different format--some of which required initialing each page; some didn't). Don't think a blanket statement can be made on any type of package as all Lenders/TCs are not the same.
I, too, also received that 37 page piece of work. Instructions had the notary adding initial &/or signature lines where there were none, (one page had to be signed in 2 places and initialed--how silly is that?)
If you don't value your time and experience, nobody else will. |
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TGS1985
California
208 Posts |
Posted - 03/17/2013 : 6:45:44 PM
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I done several VA loans and they've never been what you described, but it has been a few months since my last one.
Usually a VA loan means that there is going to be probably an additional 2-4 pages on the 1003 which is the VA/FMA Addendum (One page of which needs to be signed both in the middle and on the bottom), sometimes a 2-3 page VA Rider to the DoT, and on rare occasions a few pages from the Dept. of Veterans Affairs asking for information from the signer such as were they injured in the line of duty, etc, etc. In regards to the RTC it's the same as a normal refi. Signer sings and dates one on the bottom to Acknowledge receipt, while providing them with two copies.
At most it's an additional 10 pages and they're pretty straight forward.
- Tyler Soares -
Notary Public & Loan Signing Agent
www.mobilestocktonnotary.com
www.saccitynotary.com
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Edited by - TGS1985 on 03/17/2013 7:43:17 PM |
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jbelmont
California
3106 Posts |
Posted - 03/15/2013 : 10:54:27 PM
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I am reading that a notary got 37 pages of instructions for a VA loan. The notary needed to know where to have the borrower sign, date, and initial. I heard that there are some forms that are signed in the middle of the page on that type of loan, but I have never seen one.
The 1003 had to be signed in two different places and initialed. It doesn't sound like rocket science, but many notaries are sloppy and miss things! I don't think I ever missed a signature in my life.
There were 12 RTC pages as well. What a signing!
Four different emails to get 144 pages for the signing.
OMG! Too much. I hope they pay well.
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VA loans: hard to sign, date and initial?
