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
- Simplifile Q2 2016 Report Finds Emerging Preference Among Lenders for Settlement Partners Who E-Record
- Another 23 Counties Across South, Midwest Adopt Simplifile E-Recording
- Simplifile Staffs Up to Support Mortgage Lender Initiatives
- Assurant Acquires American Title, Leader in Title and Valuation Latest Expansion of Capabilities in Housing Market
- Capsilon Announces Growth Investment from Francisco Partners