Updated: Aug 6
When you have decided to apply for a mortgage loan, whether it's a new home, selling a home or just refinancing, as the mortgage professional is asking you questions for the application, please be aware that the name on your documents must be the same as the names listed on your ID.
A photo ID is necessary when you sit down in front of the notary. This can be a driver's license or a passport (the most common). I've been a mobile notary now going on 3 years and it amazes me how when I get to the table for a signing and am presented with the borrower's ID's - they don't match the paperwork I'm notarizing! This means I need to ask some tough questions. Every state is different as to what they can allow the notary to use for ID verification. So, if in the beginning, you look at your ID and give the mortgage professional the correct information you can expect a smooth closing. If, for instance, your full name is Jonathan James Doe and your ID is Jonathan J Doe, whose to say that is the same person? The initial "J" could be any other name, Jerald, Justin, Jeremy. You will need to prove to the notary what that initial stands for IF the paperwork has your full name on the documents. Now, on the other side of that, IF your ID has Jonathan James Doe on it and the documents are Jonathan J Doe, that would be acceptable. Because your ID has MORE information on it than is needed. It's a little confusing, but this gives you a little insight as to why the notary is asking those questions, and why does she need you to prove your middle name?
I hope this blog has shed some light on the ID verification process for your loan closing.
As always, I hope all goes well with your closing and these issues don't arrive, but if they do, maybe you have a little insight on how to avoid them!