Doc Signers
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



[+] Easydocs123 - Susan Dustin/WV (11 replies)
3/21/2022 8:15:01 AM (1085 views)

[+] has any examiner had difficulty getting paid by MGB DOCS from Illinois? - Emily Matos/NY (3 replies)
3/11/2022 7:36:14 PM (884 views)

[+] Due Diligence: Real T Solutions - William Duncan/SC (11 replies)
3/11/2022 9:12:11 AM (1073 views)

[+] Syscon - KATHY RAY/AL (2 replies)
3/10/2022 3:42:30 PM (625 views)

Difficulty Abstracting in Monroe County NY - Judy Maclauchlan/LA
3/8/2022 10:12:07 AM (548 views)


AccuSearch Company


[+] Who is Working for Minimum Wage? - Bruce Lutz/PA (7 replies)
3/3/2022 11:01:01 PM (950 views)

Thank you all - William Duncan/SC
2/25/2022 12:57:34 PM (602 views)

[-] Notary responsibilities in New York - Rita Killary/NY (14 replies)
2/13/2022 9:00:02 AM (649 views)
Re: Notary responsibilities in New York - george Hubka/MI
3/1/2022 10:01:35 PM (873 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/2/2022 5:12:12 PM (851 views)
Re: Notary responsibilities in New York - Randi Erickson/MN
3/2/2022 11:39:19 AM (860 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/2/2022 5:16:56 PM (848 views)
Re: Notary responsibilities in New York - george Hubka/MI
3/2/2022 6:26:09 PM (860 views)
Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 11:07:38 AM (833 views)
Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 11:49:47 AM (825 views)
Re: Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 12:03:29 PM (821 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 (819 views)
Re: Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 12:22:26 PM (814 views)
Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 12:26:12 PM (814 views)
Re: Notary responsibilities in New York - Jeanine Johnson/MN
3/14/2022 4:53:10 PM (742 views)
Re: Notary responsibilities in New York - Jeanine Johnson/MN
3/14/2022 4:53:12 PM (758 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/14/2022 5:29:43 PM (760 views)

[+] Datashrubs, LLC - Ted Williamson/TX (5 replies)
2/10/2022 9:10:56 PM (927 views)

[+] Nick Jones - Mayura Inc - William Duncan/SC (3 replies)
2/8/2022 11:57:01 AM (722 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 (1591 views)

[+] DILLIGENCE CHECK: - William Duncan/SC (7 replies)
1/28/2022 12:02:53 PM (1160 views)

[+] Disregard - Jay Duncan/MO (2 replies)
1/28/2022 9:33:57 AM (723 views)

[+] Abstractor Thoughts? - Laurence Perretti/FL (7 replies)
1/25/2022 12:33:10 PM (1227 views)

[+] COVID 19 WARNING - William Duncan/SC (6 replies)
1/24/2022 6:52:05 PM (785 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 8825 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:

Preliminary Exam "Compass" and Instrument Guide for the Title Professional
From the desk of Christopher Kaufmann
2022/08/26
0 comments

A Reminder of Why Title Insurance is so Important
Source of Title Blog
2021/03/07
0 comments

How You Can Conduct a Closing in Your Office
Michele Blanco's Blog
2020/05/11
4 comments

Articles

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

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.2 percent from one week earlier,according to data from the Mortgage Bankers Associatio...
Mortgage Application Payments Rise 3.7 Percent to $2,012 in October
Homebuyer affordability continued its downward trajectory in October, as the national median payment applied for by appl...
Realtors®' CEO Meets with White House Officials to Discuss Housing Supply, Affordability
National Association of Realtors® Chief Executive Officer Bob Goldberg joined White House officials and industry re...
MBA Statement on the Acceptance of Private Flood Insurance for FHA-Insured Mortgages
“MBA applauds HUD’s decision to permit lenders to accept private flood insurance policies, a move for which ...
Share of Mortgage Loans in Forbearance Increases Slightly to 0.70% in October
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans no...

Search Articles:
browse...

Classifieds

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

Abstracting Vendor-Virginia/Maryland
November 08 2022
Good Morning,

We are a Title Abstracting Company based in Manassas, Va. and have abstractors on our staff and boots on the ground where needed to assist you.
Please review the attached and see how we can of service to you. We also handle foreclo...[more info]


link
email
© 2020, Source of Title.