This is not legal advice for your situation*

At Your Service: AmTrust Bank's Revocable Trust Signature Requirements

The DocMagic software has been enhanced to accommodate the revocable trust signature requirements of AmTrust Bank ("AmTrust").  AmTrust requires that if the borrower in a mortgage loan is a trustee AND settlor of a revocable trust, that borrower must sign the following documents as an individual AND trustee on at least the following loan documents:
  • Note and Addendums to Note;
  • Truth In Lending Disclosure;
  • Security Instrument and Riders;
  • HUD-1 Settlement Statement or Certification of HUD-1; and
  • Right to Cancel

For example, if the name of the trust is "The Mary Roe Revocable Living Trust, dated May 1, 2001," and Mary is the settlor and only trustee, the above documents must be signed as follows:

Mary Roe's Signature
Mary Roe, Individually and as Trustee of The Mary
Roe Revocable Living Trust, dated May 1, 2001

To view the instructions for entering borrower information involving a revocable trust, please click here and here. If you have any questions concerning this article, please contact DocMagic's Compliance Department.

To view all At Your Service Articles, click here.

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*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.


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