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jbelmont
California
3106 Posts |
 Posted - 11/17/2006 : 11:49:39 AM
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| A notary doesn't need confidential borrower information to notarize documents. The lender may want information for their own purposes, but the notary only needs whatever type of ID is acceptable in your state or for the signer to be personally known or proved on the basis of some other type of satisfactory evidence such as credible witnesses if your state allows credible witnesses. |
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LindaH
Florida
1754 Posts |
Posted - 10/16/2006 : 10:51:07 PM
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And actually, if you think about it - we also have to go through the package to be sure all the docs are received properly or, in some cases, the package is complete (I've had some instructions where it's up to me to be sure that all docs have been forwarded per a checklist provided).
In reviewing each page to be sure everything is there we can't help but see the contents of some pages - especially when checking for blanks in the document as we're required to do (example - scanning the docs the other night I saw the client's credit score - CONFIDENTIAL).
In the case of overnight docs, I'd still review them to be sure (a) they're all there, and (b) no blanks. Same thing - I'd see information that is private to the borrower
Linda |
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Renee
Michigan
549 Posts |
Posted - 10/16/2006 : 7:41:26 PM
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Perhaps, jlissem, you are not accepting e-docs? I think we're a bit confused by your questions - but if you've never accepted e-docs, you might not have considered that most of us do, and most loan docs are delivered to us in this manner. We might not NEED to read the borrower's private info, but we have ACCESS to it, and therein lies the liability to all parties involved.
Of course even if docs are being over-nighted to you - you still have ACCESS. Whether or not you look at them, and whether or not your personal integrity is sterling is certainly not something anyone can take as an absolute. |
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LindaH
Florida
1754 Posts |
Posted - 10/16/2006 : 05:43:05 AM
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"Why does a notary need confidental borrower info. to notarize and witness documents?
I need proper I.D. I need to know if they understand the nature of the documents they are signing. If primary residence I need spouse to be present and sign some docs."
That's what was posted - that's what I responded to - and all this information is contained in the documents received as part of the loan signing - whether it's needed or not the Notary Signing Agent ends up with this information.
I believe JLissem is referring to the NNA requirement for background checks - and in my opinion this would be why BGC's are important - maybe not mandatory but important. I could be wrong and if so please correct me (I shouldn't assume) but I'm assuming that's what he/she is referring to.
Linda |
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LindaH
Florida
1754 Posts |
Posted - 10/16/2006 : 01:15:41 AM
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As a notary you don't need that information - however, as a signing agent you are privvy to, and in receipt of, the borrower(s)' private and confidential information (employment, financial status, credit scores, etc). Again, you don't NEED to know that information for notarization purposes, but you have it, imposing upon you the burden of strict confidentiality.
Linda |
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jlissem
New Jersey
139 Posts |
Posted - 10/15/2006 : 11:31:34 PM
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Why does a notary need confidental borrower info. to notarize and witness documents?
I need proper I.D. I need to know if they understand the nature of the documents they are signing. If primary residence I need spouse to be present and sign some docs.
Why do I as a notary have to know:
Where they work,how much they make,how much debt they have,how long they have lived at this and previous address, credit card numbers,etc?
This should all be taken care of by lender or settlement agent before hand. |
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Why does the notary need confidental borrower info
