Colorado Springs Notary - Leon Austin


Borrower's signatures on the 1003 loan application

Ever since the inception of the new 1003 loan application there has been uncertainty among notary signing agents about the signatures required on the top of the first page.  The confusion is in the instructions that are given:

1003 loan application signature line

If there are two borrowers, then of course you have both of them sign the top. But what if it's a single borrower?

Sometimes there are instructions included:

lender instructions

Note that in the next example, the plural form of borrower is in parentheses (s), indicating that there should be a signature at the top, whether it's a single borrower, or if there is a co-borrower:

borrower must sign the top

However, instructions are not always given. Unless I receive instructions otherwise, I will have a single borrower sign the top.  My thinking is that, if the application doesn't require a signature on the first page, and since it's a copy of the 1003, the lender can swap it out with a new page.  And if it is required, you have the signature.

Good luck.


Comment balloon 2 commentsLeon Austin • September 24 2007 04:03AM



Your thinking is clear.  You are probably correct to have them sign the top of page one if there are no clear instructions.

Posted by » Bill Burress Nationwide Mortgage Originator (» Bill Burress Nationwide Mortgage Originator) over 12 years ago

I also do this and have them sign the top also.

Don't you wish the instructions were a bit more detailed sometimes?

Posted by Mary Ellen Elmore over 12 years ago

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