This document "appeared" in our consumer lending loan doucmentation program. Is it a required document or is it used mostly for the protection of the bank? I can't find anything about it being required. (I love new releases!) Thanks for your help!

Hi Seda,

Could you give us more to go on? What does it talk about in the form? Thanks!

The form says "I hereby swear that the signature below is my legal signature (Signature must match signature on the Note and Mortgage or Deed of Trust) - then there is a signature line and then another signature line if the person also has an "aka". Then the form needs to be notarized. We use BI and there was just an update made and this form was included. Our consumer loan department wants to know if we should be using the form or not.

I forgot to be polite and say thank you "Cover"!

I have seen most of these forms with secondary market loans I have closed. I know that the lender we worked with required them. We never used them in-house, we felt we knew our customer or wouldn't have made the loan.

I agree with Compliance2U, we see these on the secondary market. There is no regulatory requirement.

This document is used to tie in all the ways the borrowers names can occur on various items in the file.

Ex: cbr shows Jimmy Jones; Title commitment shows James M. Jones; borrower's NORMAL signature is JMJones.

Of course we prepare the docs to reflect title and get the borrower to sign James M. Jones. On the name affidavit we list all of the above to indicate we know they are all the same person.

I've used this for both in-house and secondary market loans. Secondary is more likely to want it tho.

Thank you all for your guidance - I really appreciate it!