As an informal survey, I'm interested in understanding the prevailing industry practice as it relates to requiring a consumer borrower to sign their loan application regardless of the type of consumer loan (secured, unsecured, non-purchase real estate, auto, etc). Joint intent & permissible purpose are documented by the loan officer for 'in person' applications or by the consumer for online applications.

* Do you require borrowers to sign loan applications on loans that go to the closing table?
* Why or why not?
* Institution size?

Thanks in advance for your response.

Bank policy decision, but it is a little hard to claim that someone lied on an application without a signature.

For mortgage loans that you're going to sell on secondary, check the investor requirements. Some insist on a signature no matter how the application was taken. Others only require signatures on face to face.

* Do you require borrowers to sign loan applications on loans that go to the closing table? Yes
* Why or why not? In case they don't pay, and a deposition follows; or loan approval was obtained in part due to info provided by the applicant on the loan application. Basically it is a good practice to have them attest to the information they provided.
* Institution size?1.4 billion.

Thanks Randy, your comment supports my research. .

Thanks Truffle, we don't sell but your point is a valid one.