It is OK to wipe on some woods as the pores are closed. on open grain woods like red oak, I would just wait till the glue dries. I would always scrape first before running through a planer or jointer though.
I use Titebond 1 and 2 (soon to be Titebond 3 in my shop as well) on my stuff and haven't had a problem so far. It does sound like there is being too much glue applied.