Posted by Tess on 9/3/07 10:09pm
Msg #209217
She is at it again!!!
Monday, September 03, 2007
Which outsourcing option makes more sense?
India or notary signing agents or both?
Why not both?
Let's call India the brain and notary signing agents the feet.
Now, how far do we go with this plan? Should we use the outsourcing brains and feet for appraisals? Why not? Indians can search available data from multi-list and courthouse indices and tax assessment, right? Notaries can go out to the property and take the pictures and measure the rooms. Sounds like a great CHEAP alternative to professional licensed appraisers, don't you think?
Why outsource? It's cheaper, not better.
Remember that. Outsourcing is the CHEAP alternative to quality.
Title underwriters have already embraced the CHEAP brain and the CHEAP feet.
Now mortgage bankers are embracing the CHEAP feet in lieu of professional loan originators. Have they already discovered the new great way to appraise real estate?
How about default and foreclosure management? Hey, bet there's a cheap outsourcing opportunity here, too, don't you think?
Hey! How about real estate sales? All you really need are feet to show houses, right? Consumers select properties on the web and notary signing agents show them! Heck, they can even print out the listing contracts and sales agreements and EXPLAIN them.
They are "certified" notary signing agents. They can do ANYTHING. They are magically infused with all kinds of authority, didn't you know that?
Are Indians and notaries who provide the CHEAP outsourcing to blame?
Well, I love India and couldn't blame these folks for taking advantage of capitalism. They don't understand that their product is less than adequate because the title underwriters told them it was good. They don't live in this country and may not understand the intricacies of title examination or perhaps they really just don't give a damn.
Notaries? I blame the notary trade associations who have led these folks along promising riches and glory. I blame the Departments of State all over the land who stand silently in the face of a wave of inappropriate actions by their appointed multitudes who use the appointment as a facade for qualifications that don't exist.
I'd like to blame the notaries and have in other posts but now that I think about.....they are feet and though many may be nice feet, they haven't been able to qualify for the minimal licensing requirements that exist in these 50 states to engage in title insurance, the practice of law, or mortgage origination, soooooooo......... maybe they just don't understand that what they are doing is wrong.
Posted by Diane Cipa, The Closing Specialists® at 7:57 AM 0 comments Links to this post
Sunday, September 02, 2007
notary signing agents eating their young
Well not really, but look at this thread. Here's a taste:
"She can do other things as a notary, you are right, but the point just went right over your head. She admitted to do closings without a license.
Parker, I am not bored, a signing agent is just one hat I wear. I have owned my own abstracting company for 11 years. This young lady is breaking Maryland law and every other licensed title producer in Maryland feels the same way I do, comply with the law and we don't have a problem with free enterprise.
Please, link your profile to your name when you start throwing stones, so I can get an idea of who I am talking to. And use a capital letter when you start a sentence."
I wonder if she would fight so hard for attorneys in Georgia who are losing work to notary signing agents operating outside of the law?
Just think of all the states in which these folks are engaged in the unauthorized practice of law?
Notice when you read the thread that the discussion point gets nailed when they compare notarizing a document vs. CLOSING or EXPLAINING DOCUMENTS.
Geez Louise, guys, the PA Dept. of Insurance was absolutely assured that none of you were actually CLOSING or EXPLAINING DOCUMENTS.
Posted by Diane Cipa, The Closing Specialists® at 10:54 PM 0 comments Links to this post
goddam lazy bums
So now I see that some mortgage lenders are sending notary signing agents to the consumer's home in lieu of a mortgage loan originator. Read this:
"It's a "RESPA Signing" and it's the initial application for the loan - you deliver and have signed all the initial disclosures/documents required to initiate the loan process. There usually are no notarizations involved (except one I had where an A/K/A Affidavit would be needed if applicable) - they're usually about 50 pages, as stated, and you're also usually required to collect the supporting documentation required by the lender/mortgage broker (i.e. bank statements, pay stubs, tax returns, homeowners' insurance) - usually a 30-45 minute process if the borrowers have been consulted and have everything ready for you when you get there. This is where, if you don't have a mobile setup, a small portable copier is a Godsend...IMO
Hope this answers your questions."
So I have to ask.......when exactly does the consumer get to talk with an experienced qualified professional?????
PLEASE LET'S NOT START ANOTHER STUPID TREND.
Pretty please, WITH SUGAR ON TOP, can we PLEASE embrace quality standards of expertise.
For heavens sake, these documents don't even call for a notary.
I think the consumer would be better served by just sending the documents to them in the mail. That way they'd know they have to read them and won't rely upon an unqualified "witness" who might want to look like an expert.
I think the consumer would prefer to pay for a stamp than the services of a completely unneeded "witness", wouldn't you?????????
HMMMMMM......do you think it's possible that mortgage lenders are using notary signing agents for FHA mortgages??
Oh, and BTW, are there security issues here? What business is it of a notary signing agent to have access to paystubs and bank statements and other sensitive information?
How are these people chosen? Does the consumer KNOW that they are handing personal and sensitive data to someone who is NOT EVEN EMPLOYED BY THE LENDER?
What rules of liability cover situations like this? I am flabbergasted by the gall
| Reply by Charles_Ca on 9/3/07 11:01pm
Msg #209219
I agree with your opinion Tess, but a major correction
needs to be made: THERE ARE NO NOTARY TRADE ASSOCIATIONS! If there was an actual notary trade association these problems would not exist. The closest thing we have to a notary trade association is the notary networks and they are trying to get things on an even footing but there are so many leaks via the hobbyist notary that the efforts of the notary networks are totally subverted! Stand united or fall individually!
| Reply by KimK/pa on 9/3/07 11:30pm
Msg #209220
Charles, I don't think this was Tess' opinion, but the words
of someone that does not believe Notaries should be touching loan docs.(:~))
| Reply by Charles_Ca on 9/4/07 12:37pm
Msg #209263
Could be KIm, but I wasn't picking on Tess, I was merely
making a point regarding the mis-belief that there are actually notary trade associations. However the article is extremely had to read and I am still not sure which of the comments are Diane's and which are Tess's. Unfortunately this site does not provide a way of delineating quotes either by color or italics so it makes quoting hard to do. I have no quarrel with anything Tess may have said regarding Diane's posts and I highly doubt that notary work will ever be outsourced to India but it is Diane's blog and her opinion. I just find ti amazing that after the last five years no one has stepped up to start an actual notary trade association and that the only associations in existence who ostensibly are organized to empower the notary are only organized to empower the owners.
| Reply by ReneeK_MI on 9/5/07 5:58am
Msg #209394
Now dang it, Charles ...
You knew that comment would draw me out, now didn't you! =)
Charles and I do NOT agree on this - so to balance his opinion I add my own:
There DOES exist one trade organization that most definitely empowers those in the NSA trade, and I speak from my own personal & empowered experience and involvement.
| Reply by Charles_Ca on 9/4/07 12:37pm
Msg #209264
Could be KIm, but I wasn't picking on Tess, I was merely
making a point regarding the mis-belief that there are actually notary trade associations. However the article is extremely had to read and I am still not sure which of the comments are Diane's and which are Tess's. Unfortunately this site does not provide a way of delineating quotes either by color or italics so it makes quoting hard to do. I have no quarrel with anything Tess may have said regarding Diane's posts and I highly doubt that notary work will ever be outsourced to India but it is Diane's blog and her opinion. I just find ti amazing that after the last five years no one has stepped up to start an actual notary trade association and that the only associations in existence who ostensibly are organized to empower the notary are only organized to empower the owners.
| Reply by Charles_Ca on 9/4/07 12:40pm
Msg #209266
Sorry for the double post! n/m
| Reply by Tess on 9/4/07 12:48pm
Msg #209269
Charles,The org post was all of what Diane had posted
on her site. None of it was from me!
Tess
| Reply by JanetK_CA on 9/4/07 2:10pm
Msg #209285
Re: Charles,The org post was all of what Diane had posted
Using quotation marks might be helpful.
| Reply by KimK/pa on 9/4/07 2:51pm
Msg #209296
Re: Could be KIm, but I wasn't picking on Tess, I was merely
Charles,
I never thought you were picking on Tess. I knew Tess did not write this and I thought I would point that out. Diane's opinion is hers and hers alone. (probably not alone, but not mine)
| Reply by WDMD on 9/4/07 5:15am
Msg #209226
When I take my continuing education classes I take them with a room full of people who work for local title companies here in Maryland. These people take the same classes I do to be able to conduct signings for their employers at the local title offices. I wonder what makes them more qualified than myself. Whether Ms. Cipa likes it or not, I am licensed as required by my state, and as such what I am doing is completely legal. By the way, I read in the local title trade magazine frequent occasions where owners of title companies are fined/and or revoked for various infractions. Apparently they, like everyone else have some bad apples.
| Reply by NCLisa on 9/4/07 5:28am
Msg #209227
Diane Cipa is TOXIC! I don't even read her articles
any longer as I feel she is an just another small TC that is loosing business to the larger ones that use NSA's in her area! Until she got into the TC business, she had no "settlement or escrow" experience, just real estate sales experience. It's probably killing her that so many of the large national companies are out of PA and she's not sharing in that business!
| Reply by WDMD on 9/4/07 6:16am
Msg #209229
Re: Diane Cipa is TOXIC! I don't even read her articles
I figured it was coming from someone who was upset she does not have a monopoly.
| Reply by Tess on 9/4/07 6:20am
Msg #209230
Re: Diane Cipa is TOXIC! I don't even read her articles
You are absolutely correct! Although she is best ignored, I have been keeping my eye on her. She had stopped writing about us for awhile; my guess is she has nothing better to do at this moment! As is her style, she takes what we say and turns it against us!! Let’s try not to give her too much fodder for her to spit back in our faces.
Tess
| Reply by Loretta Reed on 9/4/07 7:40am
Msg #209235
Re: Diane Cipa is TOXIC! I don't even read her articles
I read a few of her blogs this morning. Here's my take on it.....as far as "eating my young". The laws vary in each state, we are to comply with the law and not go against it. She may not like notaries but we play a part in the transaction, like it or not. I don't care if she has 3 years or 30 years, it is what it is. I noticed that she quoted me from a conversation I had on here. She does not live in Maryland and does not take the CE classes that we do. I'm sure she takes several c.e. classes to keep her licenses up to date. I am appointed by several title insurance providers and work directly with a few. I also have my mortgage originator's license so I know what the docs are. I have my title producers license in Maryland & Virginia.
As far as someone getting Respa docs signed, I think that there is no need to have a notary go out and have a potential borrower sign them. I have never had a notary come here and do that. The broker sends them to me by mail and I sign and send them back. I also do not collect paystubs from a borrower when I go to a signing. They can send them to the broker themselves and should have done that prior to closing. For that fact, they can fax them to the broker/ lender. The only thing I have gotten at a signing is a homeowners dec page.
We all have a big responsibility when going to a borrowers home to have them sign their mortgage. We should act like we know what we are doing. I personally think that every state, that is not an attorney state, should require a notary to have their t.p.l. I have done so many closings that the borrower told me that the prior notary had no clue what they were doing and some notaries actually admitted it out loud.
Let's have her statements make us better and not bitter. There is always someone in this industry that knocks the other. I could go on and on about real estate agents. That is a whole different story and I have a few of them.
| Reply by goodgirl on 9/4/07 10:04am
Msg #209251
This b**** has been at this for a loooooong time now. She's like a rotten apple that falls off of a tree. Sooner or later she will self destruct. Everyone should just ignore her and let her find another group of people to harrass. When we respond to her, we lower ourselves to her level. She is looking for attention, and she's getting it everytime she upsets someone and a person responds or acknowledges her rants. Just ignore her and she will go away.
| Reply by MelissaCT on 9/4/07 6:39pm
Msg #209342
Notaries - big ad clickers
Two giant landmarks are coming up on the horizon. I've been at this blogging since October and find it kind of hilarious to watch the big fat snail's pace at which my profile views and Google ads tally.
OOOOOhhhhh - Profile views are up to 900! When we hit 1000, I say we break out the champagne and the beer.
When the Google Adsense revenue - which goes up about one cent a day unless notaries are visiting - they're big ad clickers - hits $100 we'll get our first big check! YOOOO, what a money maker. We're just around $98.76 and the tension is mounting. I see a big party around the corner.
Not that we need any big excuses for a party but these seem like to HUGE events deserving some celebration.........ok back to title work. See ya!
| Reply by Loretta Reed on 9/4/07 6:51pm
Msg #209347
I just lost ya, Melissa.. n/m
| Reply by MelissaCT on 9/4/07 7:36pm
Msg #209353
Re: I just lost ya, Melissa..
Sorry, further down in her ramblings was the post about her adsense or adwords account & she can always tell when notaries come on as "they are big ad clickers". So not only are posts like this giving her additional exposure, we're also putting money into her pocket.
| Reply by MelissaCT on 9/4/07 7:36pm
Msg #209354
Re: Notaries - big ad clickers - according to her post n/m
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