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 How to GET PAID FAST by signing service		  New Topic  Reply to Topic
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chitownotary

Illinois
15 Posts
Posted - 09/28/2017 :  06:02:42 AM  Show Profile  Visit chitownotary's Homepage  Reply with Quote
What has been your response to this?

I would reduce the verbiage to keep it simple.

...serving the Chicagoland area since 1991.
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Notary_Narayan

New Jersey
32 Posts
Posted - 02/11/2017 :  09:12:38 AM  Show Profile  Reply with Quote
Hello Notaries..

I have not made it a point to put a couple of these inserts, especially where there is special instructions to settlement agent. I have printed this leaflet and keep them handy and insert them in every loan package, that comes from a signing service. My goal is to have these signing services put out of the business and end notary's misery . If you are interested, copy the below and create your own notice of prompt payment

ATTN: SETTLEMENT/ESCROW/TITLE /LOAN OFFICER
If this closing has been contracted via a signing service

It is the responsibility of the SETTLEMENT/ESCROW/TITLE /LOAN OFFICER to ensure that the notary closing agent gets paid on time. That means upon settlement or upon disbursement of all fees.

Off late many signing services are not paying notaries.
A few have been folding up, or holding payments far beyond after disbursements has been done. Some signing services employ PONZI model of payment, by waiting on payments from future transactions to pay notaries as late as 45 days/60 days and beyond.

Credit terms for notary payment are never allowed & the above mentioned people will be held responsible for non-payment/default and other civil liabilities

Notaries must be paid for work done, irrespective of whether transaction consummates or not. Please ensure that the signing service pay the notaries promptly & that they have the financial stability to do so.

Some signing services continue to thrive on deception. They do this by changing business entity names and restarting this deception. There is currently lack of compliance and checks on signing services.

I am honored to be the closer for this & should you require my services in future.
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