Posted by Della_Ca on 11/13/04 5:24pm
Msg #11275

Bank docs

I encounted a possible job, Mr. jones ( well call him) said he was going to refi and take some money out of his house, so I mentioned I was a notary and heres my card if he would like me to help him out with his signing. His mortage is at Wells fargo and they gave him a choice to come to his branch to sign or get the docs. and have them notarized. my question who pays me ? Mr Jones or does it go into the loan and get payed thru the bank on disbursment??
Thanks Della

Reply by Carlos M. Davila on 11/13/04 7:42pm
Msg #11279

Della wrote:
"His mortage is at Wells fargo and they gave him a choice to come to his branch to sign or get the docs".


Well, I think if he gets the docs and has you notarize them outside of the bank then he'll have to pay you directly. However, if he choses to do it in the bank then I believe the bank has an in house notary that will do it for him.

Reply by BarbaraL_CA on 11/13/04 10:14pm
Msg #11283

I've done signings for borrowers where the docs were sent to them. I quoted a fee to the borrowers and they paid me at the signing.

Reply by Dellaca on 11/13/04 10:31pm
Msg #11286

Thank you

Reply by Ted_MI on 11/14/04 8:26am
Msg #11290

Della,

I had a similar but different situation. I received a call from a woman at a title company. It seems that some friends of mine (a couple) were refinancing and requested that I handle the signing. It was not a matter of doing it in their office (they are in Ohio) or the other option of the docs being sent to the borrowers. The docs were sent to me. I set a price with the woman from the title company; my fees were set forth in the HUD 1 (I guess it is called); and I was paid within a week of the signing (by the title company).