Notary Help, Uncategorized

The New Uniform Residential Loan Application

Some tips to guide signatures and initials.

The new Loan Application is at least 10 pages long and may generally require an initial and a signature. For more than one borrower, the document may add additional 5 pages per additional borrower. Each borrower will have their own page to initial but all will sign on one page (under Section 6, “Acknowledgments and Agreements”).

Here are some pictures to help you find where the initials and signatures required will appear:

Additionally there may be another document (named “Lender Loan Information”) containing three pages, all of which will need to be initialed by all borrowers:

There may be additional aspects to look for and NeedANotary.Com will look to add the information as it comes up.

Happy Signings!

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