Enter Zip, City, or County... i.e. orange,NY or 90019
Search Method:    regular time edocs
Mobile Notary / Signing Agent Discussion ForumDear Signing Agents,
You need to REGISTER and have a password to post or reply to discussion topics. Please remember, your password for your listing on 123notary.com is NOT RELATED to and is different from your password on the forum. Your password on the forum can be whatever you want it to be.
Lookup a specific signing company, word, or phrase
Mobile Notary / Signing Agent Discussion Forum
Register | String Format | Index Format | Active Topics | Hot Topics | Preview Topics | Advanced Search | Members | Profile | Tutorial | FAQ
Save Password
Forgot your Password?

 All Forums
 The 123notary.com Forum for Signing Agents
 Technical & Marketing Issues
 Reverse Mortgage Questions
 New Topic  Reply to Topic
 Printer Friendly
1 -1  Be the first person to vote!
Author Previous Topic Topic Next Topic  


North Carolina
9 Posts

Posted - 10/22/2015 :  3:55:11 PM  Show Profile  Reply with Quote
Thank you, Linda.
Go to Top of Page


1754 Posts

Posted - 10/16/2015 :  07:44:00 AM  Show Profile  Reply with Quote
Most of what you ask is beyond what we need to get into with the borrowers - the payment plan should have been reviewed with them and explained well before we get there..however, that said, I'd say the most neutral way to "explain" it (which we don't, we don't explain anything) is to simply say "this document supplements the Note you've signed and explains your Adjustable Rate Payment Plan and how your rate adjusts over time.."

As for the Insurance Option - that's between HUD and Lender...nothing we need to be concerned with but, if you want to enhance your own knowledge base, read here:


Hope this helps.

Go to Top of Page


North Carolina
9 Posts

Posted - 10/16/2015 :  06:49:13 AM  Show Profile  Reply with Quote
2 questions for seasoned RM closers...

What is the purpose of the Home Equity Conversion Adjustable Rate Mortgage Payment Plan?
I know it is NOT a payment plan. Also on this doc is the question “Was the expected average mortgage interest rate locked?" It may be answered "YES“, which does NOT mean it is locked, but has limits set – something like “can go up no more than 2 points each year – and no more than 5 points in total.” This doc is difficult to explain when I don't know its purpose.

On the Choice of Insurance Option, what does "[lender name] chooses the Assignment Insurance Option" mean?
  Previous Topic Topic Next Topic  
 New Topic  Reply to Topic
 Printer Friendly
Jump To:

Mobile Notary / Signing Agent Discussion Forum © 123notary.com Go To Top Of Page

Tips for using the forum
The most important feature on the forum is the search box. You can look up a particular word, phrase, name of a company, and see a potentially large list of search results with which you can obtain data. Filters are also valuable. If you want to find popular posts, you can use the number of views filter. You can also see whats new with the active topics link. Email us at info@123notary.com if you need any help using the notary forum.

The notary public resource page is valuable as it has links to all of the free information pages for notaries. Pages linked to the resource page include a page that teaches you everything you need to know to get the most out of your listing. Another page teaches you all the secrets of getting paid. There is a link to our free list of signing companies. There is also a glossary, learning tools, and much more. If you are a notary, the free tips we give are invaluable.

Popular pages
If you visit 123notary.com often, you might want to visit some of our most popular pages such as the California notary, Texas notary, Florida notary, and New York notary pages to browse the site. We also have valuable pages for notaries such as the free list of signing companies, and the resource page. Please also visit our get notarized and notarized letter page.