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Regulatory Abuse or Foreclosure Sloppiness?

JAN 9, 2012 12:18pm ET
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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?

Comments (6)
I'm stunned that there is even a QUESTION about how a notary should be conducting themselves.How about.....according to the LAW?Makes it easier if we ALL just follow the LAW...for a change.Fast and loose has been a bit tiresome.
Posted by BARBARA W | Wednesday, December 26 2012 at 12:16PM ET
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