We heard an interesting one the other day and it goes like this: Supposedly, auditors were giving one bank servicer a hard time because foreclosure notaries that worked for the bank did not physically see their co-worker sign the documents. Instead, the documents were signed and then when he was finished the notary came in and verified them. Is this regulatory harassment or a simple case of a servicer not following the letter of the law down to the fine detail? Should the notary have to witness “live” the signing of foreclosure documents or is that a bit too pedantic?
Regulatory Abuse or Foreclosure Sloppiness?
JAN 9, 2012 12:18pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
- Wells Fargo Approves Hybrid eClosings on Pavasos Digital Close Platform
- Arbor Bank Selects Pavaso Digital Close Platform
- DocMagic Announces eQC Automated Due Diligence Solution for Investors and Correspondent Lenders
- Simplifile Signs On 22 Additional Counties in Midwest, West Coast regions
- Simplifile Adds 16 County Recording Offices Across Southeast, Mid-Atlantic