Posted by cassiewi on 11/29/06 10:46am
Msg #162697

Loan Documents Now BGC

I just accepted a job from Loan Documents Now, I've never worked for them before, and there was a PS attached to the email saying that after December, they would not be able to use notaries who did not have the BGC. For those who have worked for them, did you receive this notice too?

Reply by Lee/AR on 11/29/06 10:55am
Msg #162701

Not yet. Have worked for them. Good co.

Reply by cassiewi on 11/29/06 11:21am
Msg #162712

Seemed almost like an afterthought on the email. I sent an email back asking what BGC's they accept.

Reply by cassiewi on 11/29/06 11:48am
Msg #162727

Their reply

Doesn't have to be the XXX, just through a reputable company.

Reply by John_NorCal on 11/29/06 12:02pm
Msg #162733

Re: Their reply

Cassie, does WI do a background check when issuing your commission? If so did you bring that up with that company?

Reply by cassiewi on 11/29/06 12:13pm
Msg #162737

Re: Their reply

I believe what Stamper told me is that at most, they run a state check, and they do not always do it. It's not very comprehensive, nothing like what CA does. I'm hoping Harry will have his program up and running soon.

Reply by MistarellaFL on 11/29/06 12:41pm
Msg #162749

The FBI BGC is pretty reputable, and inexpensive

I'd love to see what will happen in January if they can't get enough NSA's to sign w/o a BGC.
I'm not getting one yet, I haven't heard a peep from my regulars about it.
But, I am looking forward to seeing what's gonna happen.
My prediction: BGC requiring SS's won't be able to fill all the assignments, and they will have to send back to the TC's who will be hiring NSA's w/o BGC's at a higher fee than they would get if they went through the SS.
But if everyone rushes out to get them, we'll never know.
Wouldn't ya just love it if I was right about that?

Reply by cassiewi on 11/29/06 12:46pm
Msg #162752

Re: The FBI BGC is pretty reputable, and inexpensive

Yes, ma'am I would. I'm still going to wait. Do you know how long it takes to get a BGC back from the FBI?

Reply by MistarellaFL on 11/29/06 1:31pm
Msg #162761

Re: The FBI BGC is pretty reputable, and inexpensive

Cassie, I have no idea how long it would take, but since that is something routine for them,
I would think it would be a short turnaround time but that's only a guess.

Reply by sue_pa on 11/29/06 4:16pm
Msg #162806

???

...My prediction: BGC requiring SS's won't be able to fill all the assignments, and they will have to send back to the TC's who will be hiring NSA's w/o BGC's ...

if the title company requires the ss to use notaries who have had the checks, why do you think the title company will directly hire a notary w/o the check?