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[+] has any examiner had difficulty getting paid by MGB DOCS from Illinois? - Emily Matos/NY (3 replies)
3/11/2022 7:36:14 PM (1058 views)

[+] Due Diligence: Real T Solutions - William Duncan/SC (11 replies)
3/11/2022 9:12:11 AM (1229 views)

[+] Syscon - KATHY RAY/AL (2 replies)
3/10/2022 3:42:30 PM (760 views)

Difficulty Abstracting in Monroe County NY - Judy Maclauchlan/LA
3/8/2022 10:12:07 AM (651 views)

[+] Who is Working for Minimum Wage? - Bruce Lutz/PA (7 replies)
3/3/2022 11:01:01 PM (1053 views)


Real Document Solutions
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Thank you all - William Duncan/SC
2/25/2022 12:57:34 PM (696 views)

[-] Notary responsibilities in New York - Rita Killary/NY (14 replies)
2/13/2022 9:00:02 AM (780 views)
Re: Notary responsibilities in New York - george Hubka/MI
3/1/2022 10:01:35 PM (1158 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/2/2022 5:12:12 PM (1096 views)
Re: Notary responsibilities in New York - Randi Erickson/MN
3/2/2022 11:39:19 AM (1112 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/2/2022 5:16:56 PM (1179 views)
Re: Notary responsibilities in New York - george Hubka/MI
3/2/2022 6:26:09 PM (1127 views)
Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 11:07:38 AM (1108 views)
Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 11:49:47 AM (1057 views)
Re: Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 12:03:29 PM (1041 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 (1054 views)
Re: Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 12:22:26 PM (1061 views)
Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 12:26:12 PM (1040 views)
Re: Notary responsibilities in New York - Jeanine Johnson/MN
3/14/2022 4:53:10 PM (971 views)
Re: Notary responsibilities in New York - Jeanine Johnson/MN
3/14/2022 4:53:12 PM (978 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/14/2022 5:29:43 PM (981 views)

[+] Datashrubs, LLC - Ted Williamson/TX (5 replies)
2/10/2022 9:10:56 PM (1049 views)

[+] Nick Jones - Mayura Inc - William Duncan/SC (3 replies)
2/8/2022 11:57:01 AM (817 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 (2625 views)

[+] DILLIGENCE CHECK: - William Duncan/SC (7 replies)
1/28/2022 12:02:53 PM (1359 views)

[+] Disregard - Jay Duncan/MO (2 replies)
1/28/2022 9:33:57 AM (843 views)

[+] Abstractor Thoughts? - Laurence Perretti/FL (7 replies)
1/25/2022 12:33:10 PM (1344 views)

[+] COVID 19 WARNING - William Duncan/SC (6 replies)
1/24/2022 6:52:05 PM (903 views)

[+] Amanda@ias.us - Donna McKamy/MT (3 replies)
1/24/2022 1:19:59 PM (2194 views)


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