Posted by snowflake/PA on 4/25/07 1:24pm
Msg #186902

signing agent vs. closing agent

TC wants me to explain all loan docs to borrower. I have the real estate background to do so, however, I am contracted as the notary. TC also wants me to handle some post closing matters and sign as settlement agent on the HUD. I am not a TC employee. Advice? Maybe call SOS?

Reply by James H. Lissemore on 4/25/07 1:44pm
Msg #186909

Warning: LAND MINES

Reply by BP/WV on 4/25/07 1:47pm
Msg #186913

Just my 2 cents

I would never sign as the settlement agent on the HUD or any other document. I didn't prepare it, nor check for accuracy in the numbers.

Reply by NCLisa on 4/25/07 2:15pm
Msg #186924

Once you sign as the settlement agent, you have full liability for the entire closing. Unless you are the real estate paralegal or escrow/settlement officer don't do it!

Reply by snowflake/PA on 4/25/07 3:07pm
Msg #186937

precisley what I thought and I have a call into my attorney as I am very concerned about this issue.

Reply by Michelle Smith on 4/26/07 12:18am
Msg #187048

Is this title company trying to get rid of the NSA?

There's a woman who owns a Pennsylvania title company and thinks we perform UPL daily by performing simple signings. She has a blog and has made it her mission to convince the world that it is illegal for a notary to do a signing. She is fighting to have the laws reflect her opinion. Sounds like a big set up to me.......