Mortgages Analyzed
Mortgages Analyzed
Mortgages Analyzed
 
Signature Affidavit

What is a Signature Affidavit?

Signature Affidavit

Signature Affidavit is a document in which a person certifies that the signature provided is the true and correct signature used by the person. The person can enter into a contract using the signature provided. It is similar to providing a signature card when open a bank account.

This document is generally combined with the Name Affidavit. The Name and Signature Affidavit is usually part of the closing documents that are signed by the borrowers.

Purpose

The purpose of the Signature Affidavit is to provide a sample signature that can be used to establish if the borrower signed a document or not. This document is mainly for the protection of the lender.

Source :www.MortgagesAnalyzed.com

Lender's Consideration

Reviewing the Document

When reviewing the document, verify the following:

  1. The name of the borrower against which the signature is provided is correct.
  2. The legal documents (Note, Deed, etc.) are signed using the same signature as in the Signature Affidavit.
Source :www.MortgagesAnalyzed.com

Preparing the Affidavit

Signature Affidavit is generally prepared by the Docs department of the lender and sent to the borrower for signatures. Generally, the borrowers sign the document at the time of loan closing as part of the closing package.

Source :www.MortgagesAnalyzed.com

Document Summary

 
Signature Affidavit
Purpose
Signature Affidavit is a document in which a person certifies that the signature provided is the true and correct signature used by the person.
Use in Mortgages
Signature Affidavit is provides a sample signature that can be used to establish that the borrower signed the loan documents.
Other Names
Name and Signature Affidavit
Type
Affidavit
Provided By
Loan applicants
Provided To
Lender/Broker
Notarization Required
Yes. However, the lender may waive the requirement for notarization.
Signed By
Loan Applicants
Life Cycle Stage
Origination, usually during doc preparation
Recordkeeping
We recommend maintaining the document in the loan file as long as the loan is outstanding.
Model Form
None
Applicable Laws
None

Updated: Aug 11, 2013

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Signature Affidavit is a document in which a person certifies that the signature provided is the true and correct signature.
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