The Irrevocable Stock or Bond Power provides the bank with the ability to negotiate/sell the stock being taken as collateral.

Documentation is included with the loan package provided by Loan Doc Prep and is required when the loan is secured by stock or bonds. 

The Irrevocable Stock or Bond Power document must be completed for each stock or bond certificate held AND must be signed EXACTLY in the name the stock or bond certificate was issued.

Note: We MUST have the original Stock or Bond Power document signed with a pen (wet signed).  If the loan package was sent to you through IMM Esign, PRINT the Stock or Bond Power and have the client sign.  

Loans requiring a Stock or Bond Power cannot be delivered via Esign-Web.

The ORIGINAL SIGNED Stock or Bond Power document must be sent to Loan Servicing in the designated bag.  You may upload a signed copy to Synergy (Consumer Purpose) or Abrigo (Business Purpose).

If you need additional assistance Abrigo, please contact _Abrigo Help.