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[+] Who is Working for Minimum Wage? - Bruce Lutz/PA (7 replies)
3/3/2022 11:01:01 PM (1749 views)

Thank you all - William Duncan/SC
2/25/2022 12:57:34 PM (1277 views)

[-] Notary responsibilities in New York - Rita Killary/NY (14 replies)
2/13/2022 9:00:02 AM (1597 views)
Re: Notary responsibilities in New York - george Hubka/MI
3/1/2022 10:01:35 PM (2305 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/2/2022 5:12:12 PM (2209 views)
Re: Notary responsibilities in New York - Randi Erickson/MN
3/2/2022 11:39:19 AM (2225 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/2/2022 5:16:56 PM (2285 views)
Re: Notary responsibilities in New York - george Hubka/MI
3/2/2022 6:26:09 PM (2236 views)
Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 11:07:38 AM (2202 views)
Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 11:49:47 AM (2240 views)
Re: Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 12:03:29 PM (2145 views)
It is serious enough that she could lose her notary commission.   

She has to be LICENSED or an attorney to mark up a binder.

And her EO would refuse to cover any loss or damages, since she is acting illegally.  And she's an independent contractor, not an employee of the agency/attorney/bank.  So she is NOT covered under their E & O - so she better have BIG cash reserves should she ever get sued.  

And yes, notaries get sued.  I got sued once because I was the notary closer for a title agency, refi, 3 day right of recission, etc etc.  Everything executed PERFECTLY.

THREE YEARS LATER, the borrower decided they didn't want the loan.  Of course, it was thrown out, but my own E&O had to defend me, even though I was just the notary and had nothing to do with the loan.   Their attorney simply threw in the kitchen sink as to anyone whose hands had touched the deal.

So she needs to immediately stop.  Our company does mobile closings in 44 states using notaries only.  I would NEVER ask one of my notaries to mark up a binder.  Their one and only job is to ID and sign. PERIOD

Good luck - and a side note, in NY, this would be considered a Witness Only closing where the title AGENT is only there to pick up $ and mark up a binder for their agency while a 3rd party (bank attorney usually) conducts the actual closing.    Most agents get paid for their time and also tipped for the Pick up and Mark up - like another $150-250 per pick up.

So, if she isn't earning that kind of money, her clients know they have an inexperienced sucker on their line.  Now that she knows the laws, she's in violation of them knowningly.  Then you move on to the LEGALITY of what she is doing.


Tell her to STOP or get title licensed and then she's no longer at risk, covered by no-one.to post a reply: login - or - register


Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 12:14:10 PM (2172 views)
Re: Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 12:22:26 PM (2171 views)
Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 12:26:12 PM (2140 views)
Re: Notary responsibilities in New York - Jeanine Johnson/MN
3/14/2022 4:53:10 PM (2109 views)
Re: Notary responsibilities in New York - Jeanine Johnson/MN
3/14/2022 4:53:12 PM (2040 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/14/2022 5:29:43 PM (2049 views)

[+] Datashrubs, LLC - Ted Williamson/TX (5 replies)
2/10/2022 9:10:56 PM (1897 views)

[+] Nick Jones - Mayura Inc - William Duncan/SC (3 replies)
2/8/2022 11:57:01 AM (1522 views)




[+] Comment on "Upper Marlboro Woman Pleads Guilty to Wire Fraud in Connection with Mortgage Fraud Scheme" - Source of Title/OH (1 reply)
1/31/2022 9:38:08 AM (3436 views)

[+] DILLIGENCE CHECK: - William Duncan/SC (7 replies)
1/28/2022 12:02:53 PM (2240 views)

[+] Disregard - Jay Duncan/MO (2 replies)
1/28/2022 9:33:57 AM (1564 views)

[+] Abstractor Thoughts? - Laurence Perretti/FL (7 replies)
1/25/2022 12:33:10 PM (2164 views)

[+] COVID 19 WARNING - William Duncan/SC (6 replies)
1/24/2022 6:52:05 PM (1755 views)

[+] Amanda@ias.us - Donna McKamy/MT (3 replies)
1/24/2022 1:19:59 PM (2923 views)

[+] Elite Vendor Services - William Duncan/SC (4 replies)
1/20/2022 4:26:51 PM (1949 views)

[+] Has anyone had any good experiences with Qualia? - William Duncan/SC (11 replies)
1/19/2022 1:10:29 PM (2375 views)

[+] Punctual Abstract - Kara Foster-Morales/OH (6 replies)
1/19/2022 9:57:54 AM (2196 views)

[+] Encompass Title Center - SUZANNE WALLACE/CA (14 replies)
1/13/2022 12:30:23 PM (1788 views)


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