Posted by Anonymous on 2/3/06 11:50pm
Msg #94175
A "National Notary"
What's wrong with this article?
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National Notary
by Jessica Duquette
National notary networks allow larger companies the opportunity to use a local notary public to authorize their documents. They can be used for mortgage loan closings or other large financial transactions that require a notary to provide assurance that all paperwork is reviewed and understood.
What is a National Notary?
A notary, or notary public, authorizes that the signer or signers of a document have read and comprehend the documents and that the signatures are genuine. A notary that gains certification in more than one state or national certification is known as a national or mobile notary. They are allowed to witness and authorize document signings in multiple locations across the country.
While a notary may seem like a small part of the loan process, the closing and transfer of any deed can be held up if any of the paperwork contains errors. This can cause problems with the loan being approved or hinder any advanced home decorating plans for the new home. It is important to have a reliable notary that is capable of identifying any gaps in approval and having a knowledge of the mortgage process.
Monitoring a Notary
Becoming certified as a notary public is not extremely hard to do but having a notary that can be trusted with mortgage paperwork is hard to find. Aside from being able to get to a loan closing, a national notary should have the latest training and have resources available to them that make them proficient at their job. Overlooking a signature or not fully explaining the mortgage documents can create large issues that could potentially kill a deal.
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Reply by TCMN on 2/4/06 1:40am
Msg #94185
Re: A "National Notary" - Are you kidding me??????
Since I have to finally go to sleep, I'll go first and get the ball rolling. I'll apologize in advance, I' read it once and then posted. So I wont promise I got everything. I'm again going on very little sleep because this thing I'm posting with ticks me off!
SO....for starters....this is what I pulled from the article.
*How exactly do you get a national notary commission? I'd like one. Maybe that would get me the jobs two states over since nobody else will drive. LOL What is wrong with these people?
*Someone forgot to put on my list of job requirement..."identifier of gaps in approval". Can someone define that? Since I'm guessing i know, but I don't want to ASSume since I'm still wondering what the hell is wrong with these people!
*Should the LO FULLY explain the loan, so when I hit the key compotants, they don't have to ask, because they should know what the signing entails. I can't FULLY explain, why their snake of a loan officer thought that they were stupid enough to fall for " I know it was supposed to be a fixed rate, not an ARM and that it's not supposed to have a pre-payment penalty, but it does and it's for 3 years and that I was supposed to only have closing costs of $2500, but the line says $5300,...but just sign and we can change it when I get the docs back."
You want me to explain FULLY? Not a chance! And I think the people over there writing this stuff really need to ride along to see when the Ameriquest Loan Officer hasn't told his borrower what their fees are and when I tell them for the first time, why that is MY large issue "killing the deal"?
MY suggestion...please everyone...get a copy of this crap, mail one to your state office (you know the offices that are in partnership and supporting this joke of a association to get all the classes going to teach them nothing but set them free to know nothing) and then a copy to the news station for a local-state interest story. Make sure you send a copy of each of the letters you the two offices. That way they all know that each other knows this CRAP is being published and then maybe we can "out" these idiots for the scam-artists, con-men, consumer preditors they are!
Sorry for venting.
What's wrong with this article?
***** A notary that gains certification in more than one state or national certification is known as a national or mobile notary. They are allowed to witness and authorize document signings in multiple locations across the country.******
*****a reliable notary that is capable of identifying any gaps in approval and having a knowledge of the mortgage process.******
***** or not fully explaining the mortgage documents can create large issues that could potentially kill a deal.******
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Reply by PAW_Fl on 2/4/06 9:58pm
Msg #94414
I guess most of us are not a Mobile Notary ...
... according to that article. She (Jessica Duquette, author of the article) states: "A mobile notary is an attorney appointed by the government...".
Upon further reading, I think one will determine that she really has no clue at all what it is we do as signing agents or as a notary, and what a mobile "Notary" is.
Does anyone know who Jessica Duquette is? She makes some pretty bold blunders in other related articles as well.
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