| |
 Dear Signing Agents,
You need to REGISTER and have a password to post or reply to discussion topics. Please remember, your password for your listing on 123notary.com is NOT RELATED to and is different from your password on the forum. Your password on the forum can be whatever you want it to be.
|
|
  Be the first person to vote!
| Author |
 Topic  |
|
|
LindaH
Florida
1754 Posts |
 Posted - 02/17/2013 : 06:36:35 AM
|
My response to this is the notary/signing agent doesn't ever call the lender unless they're hired directly by them, which is rare. Notary/signing agent calls SS or Title - title will communicate with lender.
IME doing this for over 6 years in FL I've never been in direct contact with the lender - it's always the SS or TC - except for those cases where we closed at the branch and with the LO. Now, in my 25 years closing loans in CT as a real estate paralegal yes, I had direct contact with the lender because I was hands-on contributing to helping borrowers fulfill commitment conditions and getting the clear to close on the loan. My attorney boss was a title agent for Fidelity, so you could say we WERE the title officer - in that stage yes, I did call lenders - a lot. However, as a notary/signing agent - very very rarely. That's all done by the time we get the package. Lender is still involved but it's through the title company - our direct contact should not go any farther than the TC
JMO
Linda
http://www.columbiacountynotary.webs.com |
|
|
|
jbelmont
California
3106 Posts |
Posted - 02/17/2013 : 02:26:44 AM
|
Many notaries do not have a clear idea of when to call the lender. If the borrower farts, they will call the lender. If the borrower's wife is revealing too much -- once again, call the lender. If the 1003 has inconsistant information (which is standard in 99% of all loans), they waste the lender's time.
I think there is a definitive line that separates the real signing agents from the clowns. If you know how to handle the types of situations that you should be able to handle -- and also know when you should call the lender -- then you are a signing agent. Otherwise you are a notary, and not necessarily a very good one.
Knowing what information is in which document is important. However, the primary area of importance as a signer is knowing when to do cross outs, when to call the lender, how to handle name discrepencies, how to handle the right to cancel, how to explain the APR, how to confirm appointments, and how to cover your bases before you get involved with companies that you don't know.
|
|
| |
Topic |
|
|
|
| Mobile Notary / Signing Agent Discussion Forum |
© 123notary.com |
|
|
|
Tips for using the forum
The most important feature on the forum is the search box. You can look up a particular word, phrase, name of a company, and see a potentially large list of search results with which you can obtain data. Filters are also valuable. If you want to find popular posts, you can use the number of views filter. You can also see whats new with the active topics link. Email us at info@123notary.com if you need any help using the notary forum.
Resources
The notary public resource page is valuable as it has links to all of the free information pages for notaries. Pages linked to the resource page include a page that teaches you everything you need to know to get the most out of your listing. Another page teaches you all the secrets of getting paid. There is a link to our free list of signing companies. There is also a glossary, learning tools, and much more.
If you are a notary, the free tips we give are invaluable.
Popular pages
If you visit 123notary.com often, you might want to visit some of our most popular pages such as the California notary, Texas notary, Florida notary, and New York notary pages to browse the site. We also have valuable pages for notaries such as the free list of signing companies, and the resource page. Please also visit our get notarized and notarized letter page.
|
| |
When do you call the lender?
