Hello, this is always been a helpful place. I’ve been doing this since 2017 so I’ve seen a lot of different description of SIGNINGS come through so you don’t know if it’s a reverse mortgage or a refinance sometimes (or if it’s the dreaded Carrington mortgage that has huge packages)I also won’t do debt resolutions because they are packaged so that the Signer thinks it’s some kind of Loan when it’s not I don’t like the deceptive nature of debt resolutions . 
my question is what does it mean when they say “owner occupied”?I’m assuming it’s some kind of LOAN because it’s LOAN DEPOT and that it’s a house that they’re living in but you don’t know what kind of loan it is or if it’s just a refi or something like that, anybody have a clue.?
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Owner occupied is a refinance most likely…
Might possibly be a way of not saying VA/FHA (big pkg) refi.
@genevawilkerson33 Great question 
Normally, the phrase ‘owner occupied’ is a keyword/term that provides critical knowledge to the Loan Officer [LO] that identifies the types of loan structures that would be available to the Borrower(s) [BOs].
In general terms, the ‘owner occupied’ properties normally proffer the lowest interest rates coupled with the BOs credit score and multiple other data factors.
On the other hand, non-owner occupied usually refers to ‘rental’ OR ‘vacation’ properties. These types of properties will usually proffer a higher interest rate (compared to owner occupied).
Of course, once you accept the Signing Order [SO] you’ll be able to easily make the direct determination by a cursory review of the 1003 document or the Closing Disclosure [CD].
Once you’re able to do that, would you please return to your thread and share an update of your results? 
The notations above are the result of information gleaned through my direct experience working within this business sector for an extended period of time.
NOTE: As I’m NOT a LO (nor have I been one in the past), would the current (or former) LOs who are Notary Cafe members please provide input in this regard? Thanks!
There are three scenarios: owner-occupied, 1-4 rental (income property), or 2nd home. The first would require a 3-day right to cancel. The other two don’t. You can Google a recision calendar to assist in dating that document correctly.
It simply means the signer lives on the property
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You got to be kidding me. Door means Door, Tree means Tree. Owner occupied means just that! The owner occupies the property. Define Occupy or Occupied. Occupy means currently occupying. Occupied could mean previously occupied. But that is not the case here. This is fun.
@genevawilkerson33 Good Morning 
Once you accept the Signing Order [SO] you’ll be able to easily make the direct determination by a cursory review of the 1003 document or the Closing Disclosure [CD].
Once you’re able to do that, would you please return to your thread and share an update of your results? Thank You
Owner occupied as opposed to an investment loan. Not much difference from pur standpoint, except the form for occupancy
I always ask what type of signing it is, is it a refi, reverse and who the mortgage company is. I first price it on distance and basice size package. Then when they call to confirm the signings, then I get into specifics. Don’t let them push you around. Carrington is a nightmare, I always add $40 to their loans due to sizes, even the portfolios I leave for the clients sometimes have a hard time holding them. Their reverse mortgage I had one time was 340 pages, I about flipped a wig (if I had been wearing one).