AbstractorPro (Real Title Services)
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



Thank you all - William Duncan/SC
2/25/2022 12:57:34 PM (1041 views)

[-] Notary responsibilities in New York - Rita Killary/NY (14 replies)
2/13/2022 9:00:02 AM (1227 views)
Re: Notary responsibilities in New York - george Hubka/MI
3/1/2022 10:01:35 PM (1659 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/2/2022 5:12:12 PM (1615 views)
Re: Notary responsibilities in New York - Randi Erickson/MN
3/2/2022 11:39:19 AM (1611 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/2/2022 5:16:56 PM (1681 views)
Re: Notary responsibilities in New York - george Hubka/MI
3/2/2022 6:26:09 PM (1629 views)
Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 11:07:38 AM (1608 views)
Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 11:49:47 AM (1587 views)
Re: Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 12:03:29 PM (1513 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 (1533 views)
Re: Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 12:22:26 PM (1573 views)
Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 12:26:12 PM (1546 views)
Re: Notary responsibilities in New York - Jeanine Johnson/MN
3/14/2022 4:53:10 PM (1437 views)
Re: Notary responsibilities in New York - Jeanine Johnson/MN
3/14/2022 4:53:12 PM (1458 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/14/2022 5:29:43 PM (1462 views)

[+] Datashrubs, LLC - Ted Williamson/TX (5 replies)
2/10/2022 9:10:56 PM (1540 views)

[+] Nick Jones - Mayura Inc - William Duncan/SC (3 replies)
2/8/2022 11:57:01 AM (1227 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 (3081 views)




[+] DILLIGENCE CHECK: - William Duncan/SC (7 replies)
1/28/2022 12:02:53 PM (1851 views)

[+] Disregard - Jay Duncan/MO (2 replies)
1/28/2022 9:33:57 AM (1266 views)

[+] Abstractor Thoughts? - Laurence Perretti/FL (7 replies)
1/25/2022 12:33:10 PM (1792 views)

[+] COVID 19 WARNING - William Duncan/SC (6 replies)
1/24/2022 6:52:05 PM (1411 views)

[+] Amanda@ias.us - Donna McKamy/MT (3 replies)
1/24/2022 1:19:59 PM (2614 views)

[+] Elite Vendor Services - William Duncan/SC (4 replies)
1/20/2022 4:26:51 PM (1575 views)

[+] Has anyone had any good experiences with Qualia? - William Duncan/SC (11 replies)
1/19/2022 1:10:29 PM (1949 views)

[+] Punctual Abstract - Kara Foster-Morales/OH (6 replies)
1/19/2022 9:57:54 AM (1876 views)

[+] Encompass Title Center - SUZANNE WALLACE/CA (14 replies)
1/13/2022 12:30:23 PM (1460 views)

[+] Sourcepoint - Marilyn Knobel/NY (2 replies)
1/13/2022 10:01:33 AM (1284 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8923 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Protecting Your Home: The Ins and Outs of Deed Theft and How to Shield Yourself
Security American's Blog
2024/03/21
0 comments

Exploring the Implications of Eliminating Mandatory Title Insurance
Security American's Blog
2024/03/11
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

May Jobs Report Commentary from MBA's Mike Fratantoni
“Despite these signs of strength from the establishment survey, the household survey indicated a weaker job market...
Medici Land Governance Working With Fidelity Title Insurance Company to Create Immutable Databases for Baltimore Housing Properties
Title reports currently require information covering 60 years. Searching just one takes a minimum of two hours, and ofte...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates moved slightly higher last week, with the 30-year conforming rate reaching 7.07 percent – it...
ALTA Honored in Four Categories of 45th Annual Telly Awards
“ALTA is proud to be honored with these four Telly Awards,” said ALTA CEO Diane Tomb.“The ALTA Good De...
Single-Family and Multifamily Production Headed in Opposite Directions Across Geographies
“While single-family construction expanded in the first quarter despite higher mortgage rates, multifamily constru...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

LOCAL SEARCHERS (PA& EVERYWHERE)-WE PAY
June 04 2024
We are an AMERICAN production and marketplace company, working with most of the major underwriters and Seeking LOCAL independant title searcher(s) for regular work in the following PA counties:
Huntingdon
Mifflin
Juniata
Greene
Warren
Cameron...[more info]


link
email
© 2020, Source of Title.