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Herbert Willis's Blog

The top 7 Commonly Missed Documents By Mobile Notaries
by Herbert Willis | 2014/01/08 |

   We created this list to help all the folks out there in Notaryville.  We all know that sometimes signature lines are over looked in real estate transactions, but did you know that the most common are 7 documents which we are going to cover in this list.  Some of these documents only apply to FHA and VA loans while some of them are in every loan package. 

Herbert Willis's Blog ::

 

1. The 1003 also known as the Residential Loan Application is generally a 4 to 5 page document. This is a standard document that is in all loan packages. The first signature missed is at the top of the first page of the 1003 (1 of 4). This document is in all packages.  See the illustration below.


 



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"Notaries" are not responsible for these documents

Not every notary public also works as a  "Signing Agents," "Closing Agents," "Witness Closers" or "Notary Signing Agents." Just as every loan closer does not have to be a notary public.

Because these documents do not contain notarization blocks and are not required to be acknowledged or sworn to, notaries public are not necessary.  That said, if they are in a loan package sent to a "signing agent," then part of that agent's service is to see that the borrowers sign the forms in the correct place.

Don't mean to sound harsh, but of Connecticut 50+ thousand notaries, attorney-notaries, judges, Town Clerks, police, etc. who perform notarizations, very few of them would actually have borrowers come to them and ask the notary, "where should I sign."

 

 
by Bobbi Shorthouse, Notary Public | 2014/01/10 | log in or register to post a reply

There are some very good points you made here.

Well I guess I should have mentioned this post is geared toward "Mobile Notaries" who handle real estate transactions.  My apologies for upsetting you.

 Thanks

Herbert Willis

Sunshine Signing Connection, Inc

www.sunshinesigningconnection.com

"Your Virtual Scheduling Department" 

 
by Herbert Willis | 2014/01/14 | log in or register to post a reply

"Signing Agents" should review these examples

Not upset by your post. But a "signing agent" searching for this knowledge may miss it because they wouldn't think to search "mobile notary" for "signing agent" services.

It is just that using "notary public" or even "mobile notary" as a stand alone title for a "notary signing agent"  or "mobile notary who handles real estate transactions" leads, at least for the past few years, to the general public ASSUMING ALL notaries are trained and experienced in reviewing mortgage loan documents and refinance packages.

You would not be amazed at the number of people who now believe a notary "legalizes loan documents" or, "You're a notary. You know all about loan documents. What does this mean on my mortgage application?"  (And the notary being told this by a customer is an 18-year old customer service representative at a bank branch who just received her commission 6 months ago and has only notarized bank account related documents under the supervision of the branch manager.  She thought the customer just wanted "... two or three documents notarized.")

 
by Bobbi Shorthouse, Notary Public | 2014/01/16 | log in or register to post a reply

Thanks

I appreciate your feedback!  Have a great weekend.

 

Thanks

Herbert Willis

 727-817-0000 

Sunshine Signing Connection, Inc

www.sunshinesigningconnection.com

"Your Virtual Scheduling Department" 

 

 
by Herbert Willis | 2014/01/17 | log in or register to post a reply

Great points!
Great points brought up by you.    
by Lorri Eaton | 2014/01/21 | log in or register to post a reply

If you don't know, say so!

The signature at the top of the 1003 is only to acknowledge that the application is a "joint" application being filed by a borrower & a co-borrower, just one borrower it would not be signed. Mobile closers in this area are known to say sign here, sign here & sign here. They are making twice what a normal qualified closing agent or escrow officer is making per closing. Most have NO Idea what is contained in the closing package, much less what each documents is, says & does.  Mobile notaries will tell you upfront that all they are there to do is notarize the documents that require a notary. All other signatures would be the responsibility of the parties signing. If a notary does more than notarize, they are asking for trouble. 

Kathy Glor

Veteran Escrow Officer/Closing Agent/Notary

 
by Kathryn Glor | 2014/01/21 | log in or register to post a reply

Kathryn that is a great point!

Most lenders require that they sign it anyways.  I whole heatedly agree with you though.

 

Thanks

Herbert Willis

 727-817-0000 

Sunshine Signing Connection, Inc

www.sunshinesigningconnection.com

 "Your Virtual Scheduling Department" 

 
by Herbert Willis | 2014/01/31 | log in or register to post a reply
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