Can we agree to put the BLAME TO OUR LOW FEES on these guys?? (rhetorical question)
http://www.brokeroutpost.com/reference/69149.htm
"Save Notary Charges on Closing Costs
The notary cost can run to $300 to $400 on a closing statement. There are ways to reduce this cost. Close at the Title or Escrow office usually those closings don't charge for notarizations. Demand that your documentation package is sent to you and and you find your own notary. If there are 4 documents in the package that need to be notarized the most that a notary can charge is fixed by the State you live in, In California the most that a notary can charge is $10 per signature. In many other states its a lot less. The most expensive form of notarization is having the notary come to your home to notarize. The notary for a single purchase closing will charge about $100 to $125 to come to your home to close but the escrow/title company will use a signing service which will charge and additional $100 to $200 to find a notary and then the escrow/title company charges for locating the signing service.
If you decide to find your own notary, make sure they are familiar with signing mortgage documents. An inexperienced notary will make the signing more time consuming and could create errors and a resign.
Saving money on notary fees can be taken a step further when you tell your loan officer to use the same title company who closed your previous mortgage or refinance, thereby reducing escrow, title insurance and abstract fees and reducing your overall closings costs during a refinance.
The more experienced the notary, the smoother the closing. Make sure you bring a list of questions you may have to closing in order to save time.
Notorization requirements vary from state to state."
» DISCLAIMER: The information contained in this article on 'Save Notary Charges on Closing Costs' is a collection of contributions by licensed mortgage professionals and is not the opinion of Broker Outpost LLC. Always consult a licensed professional before applying for a mortgage. |
| Messages in this Thread |
 |  look what I found - Save Notary Charges on Closing Costs -  Cari on 5/30/16 9:09am |
|  anyone can sign up on that site, and I did... - Cari on 5/30/16 9:16am |
| OMG! So they're telling people to save money by cutting - MW/VA on 5/30/16 9:36am |
|  yep, big slap and this was published back in 2007, I believe n/m - Cari on 5/30/16 9:55am |
| Re: look what I found - Save Notary Charges on Closing Costs - janCA on 5/30/16 10:12am |
| So let them send the docs directly to the borrowers. That - MW/VA on 5/30/16 10:22am |
|  Re: So let them send the docs directly to the borrowers. That - janCA on 5/30/16 10:42am |
|  Innovative...eliminates the middle man completely - Cheryl Elliott on 5/30/16 10:49am |
|  Re: Innovative...eliminates the middle man completely - Cheryl Elliott on 5/31/16 9:24am |
| This seemingly dark cloud has a silver lining IMO - Cheryl Elliott on 5/30/16 10:31am |
| Re: This seemingly dark cloud has a silver lining IMO - NVLSlady/VA on 5/30/16 11:06am |
| (supposed "convenience" in the form of quickie platforms) n/m - NVLSlady/VA on 5/30/16 11:09am |
| "The more experienced the notary, the smoother the closing. - Cari on 5/30/16 11:04am |
| I do have smooth closings & we rarely have to call the LO. n/m - MW/VA on 5/30/16 3:53pm |
| IMO, that's the fallacy with the quote in the OP. - JanetK_CA on 5/30/16 8:19pm |
| $$$ GNW $$$ - LKT/CA on 5/30/16 11:06am |
| CA is very lucky to charge $10 a pop...I'd be happy too! n/m - Cari on 5/30/16 11:23am |
| Re: CA is very lucky to charge $10 a pop...I - pdl/cali on 5/30/16 1:03pm |
| FL is $10.00 each signature as well n/m - Luckydog on 5/30/16 2:17pm |
| Incorrect: FL is $10 each Notarization n/m - Teresa/FL on 5/30/16 2:30pm |
|  Yep...$10/notarial act - not $10/signature notarized n/m - Linda_H/FL on 5/31/16 8:30am |
| $10.00 ea. notarized signature not document in FL - Luckydog on 5/31/16 11:19am |
|  FL Statute Chapter 117 - Linda_H/FL on 5/31/16 12:33pm |
| BTW...your quoted source states... - Linda_H/FL on 5/31/16 12:40pm |
| BTW...your quoted source states... - Linda_H/FL on 5/31/16 12:40pm |
|  Apologies for the double post n/m - Linda_H/FL on 5/31/16 12:44pm |
| Re: $$$ GNW $$$~and we're getting a bonus with rai$e to $15 - Cheryl Elliott on 5/30/16 1:02pm |
| Re: $$$ GNW $$$ CT: $5.00 per notarization. Not a winner. n/m - Ernest__CT on 5/30/16 4:08pm |
| $ GNW $ IL $3 per notarization, no win here either :( n/m - Cari on 5/30/16 6:48pm |
| CA, do charge a travel fee in addition to GN fee? n/m - Cari on 5/30/16 6:49pm |
| Absolutely, unless lots & lots of signatures & close by. n/m - JanetK_CA on 5/30/16 8:24pm |
| Re: Absolutely, unless lots & lots of signatures & close by. - janCA on 5/31/16 9:08am |
| Yes. You CAN get $ per SIGNATURE but is it Necessary? STTA n/m - NVLSlady/VA on 5/31/16 9:53am |
| Re: Yes. You CAN get $ per SIGNATURE but is it Necessary? STTA - janCA on 5/31/16 10:14am |
| Notarial Act - ayla/FL on 5/31/16 12:52pm |
| That's right...each act, each stamp, each cert... - Linda_H/FL on 5/31/16 1:19pm |
| Re: Notarial Act - NVLSlady/VA on 5/31/16 4:03pm |
| Re: look what I found - Save Notary Charges on Closing Costs - jnew on 5/31/16 12:53pm |
