Posted by JamesLee/VA on 11/14/07 6:45pm
Msg #221295

An offer I couldnt refuse....NOT!!

Notaries Direct strikes again. This is what I heard. We have a closing in your area at 9:30 PM on Friday Night. The loan officer will be doing the closing over the phone..we just need you to be there to witness the pages to be Notarized and then ship it back to us. $40..can you do it???

Wait..Back up.. are loan officers doing the closings?? Is this a new twist to save money? What the h*%L. You talk about trying to save money. I said no.. My Response..How about you have your borrowers come to me after they chat with their LO.Ill notarize the pages for $65 and have them ship the package back to the lender. Ohh no we cant authorize that. Puulleeeaze (I know thats not how you spell it)

Reply by Kevin/Ct on 11/14/07 7:41pm
Msg #221308

I have heard of this before in New York

Reply by ME/NJ on 11/14/07 7:50pm
Msg #221313

anything to cut back cost, the test is if it hold up in court if challanged.

Reply by Stamper_WI on 11/14/07 8:19pm
Msg #221324

A few years ago one lender used to do that. I think it was Wells Fargo. I didn't mind it because all I had to do was show up, Id them , Notarize take the package and drop it on my way home. Usually they had been on the phone with the LO a hald hour before I got there so it was quick.

Reply by SharonMN on 11/15/07 11:15am
Msg #221416

IN response to: anything to cut back cost, the test is if it hold up in court if challanged.

What's to hold up in court? Sounds like you are being asked to do general notary work, not a signing. As long as you can ID properly, it shouldn't be a problem.

Now whether you want to accept $40 is your call. If it was close by and you weren't expected to sit through the whole closing, just show up for 10 minutes at the end, it might not be a bad deal.