Posted by David Scott on 11/16/08 7:32am
Msg #269827

Need Info On Electronic Signings

from people who have actually completed a few. The closing/title companies tell how easy and quick they are but I would like to hear about the reality of it from a few people with the facts of the matter. Most of the offers I've had are for the same or little more money than a regular ink signing and I don't see that being profitble consideing the extra expenses a Signing Agent would encounter.
Thanks
Dave

Reply by Lee/AR on 11/16/08 7:35am
Msg #269828

Never done one. Probably never will. But, try the orange search button and 'e-signing'. You'll probably come up with a whole lot of info.

Reply by Linda_H/FL on 11/16/08 8:36am
Msg #269834

Do a search here - been discussed several times. n/m

Reply by Prosperity on 11/16/08 11:55am
Msg #269839

I did several which were through Amtrust. More than half of the documents had to be printed and signed in person (Wet Docs). I guess it's because these documents were not approved for electronic signatures. I also had to print everything the borrowers were signing electronically so they could have a copy for their files. The companies are slow to increase your pay for the added benefit. I just suspended by wireless access account. It was not really worth the money. Wish my report could be more positive; however I just think the process needs to be thought out a little more.

Reply by davidK/CA on 11/16/08 12:33pm
Msg #269840

Esigning is technology that is not yet ready for prime time. It's more work for the NSA, rarely works perfectly and the fees paid to the NSA are generally lower than a normal signing. Other than that it's just wonderful!

Just my Constitutionally protected opinion.

Reply by Mobile Notary - Misael on 11/16/08 10:41pm
Msg #269864

I am with you, it more of a probllem, when its last at night and you get lock out and can't log in. There no one to call that will answer the phome.

Reply by ReneeK_MI on 11/16/08 2:09pm
Msg #269844

This has nothing to do with convenience for anyone but the lender - the 'sell' job is a snow job.

Reply by 101livescan on 11/16/08 2:52pm
Msg #269847

I think esiging is a job that while has merit and upside for the lender and title, it is completely not a hot sizzle opportunity for the notary, who is lugging around the laptop, paying a two-year contract monthly air card fee, and may or may not be successful in getting connectivity depending on where the borrower resides. There are a good many sheets of paper to print out and make a copy for the borrower. It takes longer, and most services don't want to pay more than $90 to $125. I think it's going over like a lead balloon myself. I've done about a dozen of them, most for $150, others for $125. It's not my first choice of work. Usually I go to the title company, pick up docs, go meet the borrower, sign and notarize and drop back to title for $150, and it's a lot less effort for good pay.

Reply by MW/VA on 11/16/08 7:57pm
Msg #269857

From my experience I pretty much agree with everything that has been said here.
I'm going to cancel out of my aircard contract ($150 cancellation fee is still better than $60 a month). No volume ever materialized. Amtrust was doing a good "selling" jobs to tc's.
If I get a call in the future I will tell them that I will do it at the office of the tc, but it isn't worth the extra expense to us.

Reply by Mobile Notary - Misael on 11/16/08 10:38pm
Msg #269863

I have done e-signing, and I don't see no differt than wet signing. I just alot of problems, and they don't tell you every thing. The paid is still the same.