Posted by National Closing Solutions - Signing Department on 1/22/08 3:08pm
Msg #231868

E-Closing

I am in need of a Notary who is e-Closing ready for a signing tomorrow, January 23 2008, in Oxnard,CA. You must have a Lap Top and connection of the following 1.5 DSL or ISDN or TI or Cable. Windows XP or Vista is required with Adobe Acrobat 6.0 or 7.0 or 8.0 and, with Microsoft Explorer 6.0 or 7.0. Please contact me at 888-958-8060 x147 or you can email me at [e-mail address]. Thank you Betsy Kritzon

Reply by DellaCa on 1/22/08 3:11pm
Msg #231870

Betsy can you enlighten me as to the fee your company is offering on an E-Closing of this nature?

Reply by Carmen/123 on 1/22/08 3:21pm
Msg #231874

Start with message Msg #224731. I m curious to hear her response. Plus, I don't know one notary that has this equipment ready. It is just not practical. In these slow times it it way to costly and there is not much demand for it.

C

Reply by Phillip/TX on 1/22/08 3:23pm
Msg #231875

I have all of the requested items she is stating you would need? Who in this day in age would not have them?

Reply by Charles_Ca on 1/22/08 3:29pm
Msg #231878

Yes Phillip, most notaries should have the required already!

This is what I have been saying all along, don't, I repeat don't buy into the hardware sellers, if you read the Electronic Commerce acts you will see that the ball is already in paly and it will not be hardware based.

Reply by Becca_FL on 1/22/08 3:50pm
Msg #231886

Not true, Carmen

I have everything Betsy requires, but quit working for NCS/Placer Title when they lowered their fees to the ridiculous. There was a time when they did pay well, but it's long gone.

One thing I don't quite understand, though, how does one acquire a a portable 1.5 DSL or ISDN or TI or Cable? I have a super fast wireless broadband connection and, as far as I know, the connections requested are all land lines. Any puter geeks out there care to give us an edjumacation?

Reply by Carmen/123 on 1/22/08 4:08pm
Msg #231890

Re: Not true, Carmen

I am sorry, I should have been more specific. Most notaries 'I know personally' don't have a wireless card and or/or the e seal. The card is very expensive to have in addition to cell phone costs. I too have the lap top, with all the required software. But I do not have the e seal nor the wireless card. If the time comes that these become popular I will invest in both. But I have never been asked to date to do an e notarization so I will wait it out. Just can't afford to spend any additional cash at this slow time.

C

Reply by Carmen/123 on 1/22/08 4:17pm
Msg #231891

And also....

when I spoke to Betsy awhile back she was not paying any extra for this technology....so for me it is not worth the extra expense. In her case at the time of her previous posting she was asking for you to print all of the legals just like normal. You were required to get wet signatures. Only the disclosures were to be electronic.. To have to lug around paper as well as laptop for a few disclosures. Didn't quite see the point of all of this.
C

Reply by Becca_FL on 1/22/08 4:26pm
Msg #231897

Re: And also....Carmen

I agree with you that Placer Title/NCS is NOT paying enough for the hassle of eclosings. I refuse to get my eseal in Florida until I have a choice of suppliers to purchase it from. To date, XYZ has monopolized eseals in Florida.

Reply by CaliNotary on 1/22/08 11:11pm
Msg #231942

Re: And also....Carmen

My understanding is that there is no eseal needed for these types of closings. The DOT, and anything else that might need notarizing will still be paper copies that are faxed back afterwards.

Reply by Carmen/123 on 1/23/08 12:00am
Msg #231947

Re: And also....Carmen

Yes this is just what I was saying in my second post. So what is the point to go through all the trouble/expense with the wireless card, laptop just for a few disclosures. It seems like a waste to me. And seeing how this particular company told me that they were not going to pay extra it is just not worth it to me.

C

Reply by JanetK_CA on 1/23/08 2:33am
Msg #231961

Re: And also....Carmen

I'm with you -- all set except for those last few costly items. And I doubt they'd want to conduct this at a place with free wi-fi! I have yet to have anyone even ask me if I have the capability. However, this week I did have one signing with borrowers who said they were asked to do the electronic (via web) w/ POA routine, but didn't feel comfortable with that process. Hearing that made my day!

Reply by Phillip/TX on 1/22/08 3:24pm
Msg #231876

AND I am in East Texas!!! n/m

Reply by Charles_Ca on 1/22/08 3:44pm
Msg #231883

Re: E-Closing, I really don't understand the difficulty...

e-signings are not necessarly effected through the use of specific hardware which needs to be adopted by the various legislatures. E-signings are well withing the scope of most Signing Notaries capabilities and the equipment is already in possession. Break it down, Betsy asked that you have

A Laptop running Windows XP or Vista with MS Expolrer 6 0r 7
Adobe Acrobat 6, 7, or 8
And DSL, ISDN, T1 or Cable.

If you don't already have those you should not be in this business because you can't do e-docs. I think that the requirements are very liberal. Its just that people hear e-closing and freak out, if you plan on staying in this business you'd better adapt becasue this is the future regardless of what anyone says. I don't understand why when things are tough there are still those who would prefer to sit idle rather than adapt to a new way of doing things.

Reply by Lee/AR on 1/22/08 4:21pm
Msg #231892

Re: E-Closing, I really don't understand the difficulty...

As I understand this (from an e-mail which I've since deleted because they did not state nor respond when I asked "how much do they plan on paying for all this", you need a 'wireless card' to access (what? satellite?... a phone tower?...stated was 'like a cell phone card') for the laptop...which you've just schlepped into the B's home. As I understand it (??), it's a combination of notarized paper & (guessing) non-notarized, look at on laptop & 'e-sign'. I'm guessing you're expected to ante up the 'wireless connection time/$". Can anyone correct where I'm wrong here? Or, for that matter, anyone know what they are paying?

Reply by CaliNotary on 1/22/08 4:28pm
Msg #231900

Re: E-Closing, I really don't understand the difficulty...

I had emailed her about this when she posted a month or two ago. She told me they'd be paying $100.

Reply by Becca_FL on 1/22/08 4:38pm
Msg #231902

What crap fees! Shame on you Judy Harp! n/m

Reply by Lee/AR on 1/22/08 4:42pm
Msg #231905

Thank you, Becca! n/m

Reply by CaliNotary on 1/22/08 4:24pm
Msg #231895

Re: E-Closing, I really don't understand the difficulty...

"If you don't already have those you should not be in this business because you can't do e-docs."

I've done edocs for years without a laptop.

And e-signings do require a wireless connection, not DSL or cable. You need to be able to access the website at the signing and it's highly impractical to think that you'll be able to do that by using the borrowers internet access. So there's definitely a hardware component to it, the wireless cards cost about $200 I believe, in addition to the $30 - $50 extra a month on your cell phone bill.

But I do agree with you that you'd better adapt if you plan on staying in the business. In just 2 or 3 years things went from primarily being overnight docs to primarily being edocs, and the same thing will probably happen with e-signings.

Reply by Sharon Taylor on 1/22/08 10:24pm
Msg #231938

LOL Many many borrowers don't have internet access

I do a lot of closings where the borrowers don't have a computer or internet access, particularly in the backcountry areas, and I'm lucky to be able to get one bar of cell phone reception. There's no way my laptop could find a wi-fi to hook into way out in the back of beyond. E-signings are still just a title company's fantasy around here.

Reply by JanetK_CA on 1/23/08 2:39am
Msg #231962

Re: LOL Many many borrowers don't have internet access

I'm in a pretty densely populated, mostly afluent area, and would still have a problem with this. There are too many hills. And there are some areas where you can completely forget getting a signal (e.g. the canyons areas where the recent fires were). I agree that it pretty much is a cost issue. And I'm not looking forward to the extra "schlepping" of all that stuff, either, especially when there are stairs involved!

Reply by CopperheadVA on 1/23/08 6:29am
Msg #231968

Re: Air Card Fees

I got an air card about 7 months ago when so many of us were setting up mobile offices. I got it from Cingular (now AT&T) for $50, but for that price I had to agree to a two-year contract. The unlimited service is $60 per month, but add on all the taxes and fees and you are paying $67 per month.

I have never had the occasion to use it for the intended purpose!

Business started slowing down, getting worse and worse each month, and here I am still paying $67 per month for this air card I don't use. I did recently lower the plan to $30 per month, but my air time is severely limited so I have to be careful not to go over my limit, which isn't much!

Reply by MikeC/NY on 1/22/08 5:25pm
Msg #231911

The difficulty is this...

One of the requirements is "And DSL, ISDN, T1 or Cable"

I agree, most of us probably have one or the other in our home office - but the signing is going to occur somewhere else, and that somewhere else may not be equipped with any of these puppies, which are all hardwired.

That sorta suggests that the people making the request either don't understand what they're asking for, or aren't making themselves clear. If you're going to do this outside your office, you need:

a) a high speed wireless modem and a data plan (which most of us, other than the real road warriors, probably don't have or want), or
b) a nearby wireless access point, or
c) a REALLY long length of cable...

Reply by Becca_FL on 1/22/08 5:31pm
Msg #231912

Thank you, Mike. That was exactly my point. n/m

Reply by Shelly_FL on 1/22/08 10:38pm
Msg #231939

Re: The difficulty is this...

All the e-signing sales pitches I've heard say how it will only take only 20 mins to get a single e-signature for the entire package. Right! Of course this is after the borrower has reviewed their documents prior to the appointment. Unless they did this at work on company time, they should have some method of receiving email at their home or acces to the internet to read the docs online.

Reply by BBuchler/CA on 1/22/08 5:02pm
Msg #231908

Is it possible that the borrowers have to have internet accessibility for the signing agent? That is, if it's going to be an eclose, the SA brings their laptop and hooks into the borrowers internet connection. This would be a "requirement" of the borrower to facilitate the closing being done this way?

Reply by JanetK_CA on 1/23/08 2:42am
Msg #231963

This should make it interesting for all those folks who don't have wireless set-up and have their DSL (or cable, etc.) line in their bedroom... As if the dirty kitchen tables weren't enough of a challenge! ;>

Reply by National Closing Solutions - Signing Department on 1/22/08 6:10pm
Msg #231914

Thank you all for your input. I have secured a Notary for our e-Closing.