Thursday, December 16, 2010

Lender Instructions To Signing Agent - Would You Really Do This?

This week I received a U.S. Bank loan package with the following instructions: "Borrower must sign exactly as name is typed.  If typed name is not correct, add "also known as" or "formerly know as" language to the signature line.  Say what?  If the lender mistakenly spells the borrower's name incorrectly on their loan documents, the borrower should sign that they are know by that name or were formerly known by that name even though they aren't?  Absolutely no way.  Seriously, who thinks of this stuff?

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