Forgotten Your Password?

Need to Register?

Question Icon

Wrong name on loan docs, will this be an issue?

I was looking for my loan docs and they have my fiance's name wrong. They put Samuel but his legal name is Sam. He changed it some years ago so as not to have it confused with his dads name --Samuel. by studyabr438 from Boynton Beach, Florida. Dec 3rd 2020 Reply


Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

This shouldn't pose too big of a problem. If the transaction has already closed escrow, it is likely the Title company would have obtained an AKA statement. This is a document that references variations in a person's name. That and his Social Security Number which is tied to the loan should help avoid the confusion. However, going forward, he needs to be specific in making sure lenders acknowledge his legal name is Sam and not Samuel to prevent this from happening. But for now, I would not worry about it. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except MA and NY and we're pending approval in VA. ~ www.ApplyYes.com 480-889-9000.

Dec 3rd 2020
1
0
Subscribe to our news feed.