For those circumstances where the borrower or non-borrowing party have an individual with power of attorney signing for them, we are updating our Signature/Name Affidavits (Cx865 & Cx7965) to provide additional clarity around which party the person with power of attorney is signing for, specifically the borrower or non-borrowing party.
On Cx865, our Signature/Name Affidavit (Borrower), we are inserting: “[borrower name], who is” to the first sentence. For borrowers with a POA it now reads, “I, the undersigned, state that I am the attorney in fact for [borrower name], who is the person named in the Note and Security Instrument.”
On Cx7965, our Signature/Name Affidavit (Non-borrowing party), we are adding the non-borrowing party name underneath the borrower’s name at the top of the page. In addition, for non-borrowing parties with a POA, we are editing the first sentence from: “I, the undersigned, state that I am the attorney in fact for the person named in the Security Instrument”, to: “I, the undersigned, state that I am the attorney in fact for [non-borrowing party name x], who is a person named in the Security Instrument.”
These changes will be in effect on December 23, 2022. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.