Posted by Linda_H/FL on 2/11/10 11:59am
Msg #322400

E-mail received fro SS with new 2010 Agreement

Some of the usual of what was posted before - e-mail receipt of confirmation, e-mail confirmation with borrower, e-mail receipt of docs, e-mail printing of docs, call when done, fax report, tracking, HUD etc.,etc...that for:

Flat rate - $100 - except for one particular lender, which is $75
No-sign fee - $0
Re-sign fee - $50 - except for that one particular lender - resign fee is $0

Provident Loans - absolutely NO changes, corrections of any kind or loan will not fund (from experience, I know this also means no corrections to the notarial certificate, regardless of whether it is state compliant or not - you sign the notarial cert the way it is or you don't get the signing or possibly you don't get paid)..

I'm hoping I'm reading this part wrong: "Documents can be pre-dated, so there is no need to change dates (ex. If docs are dated 6/13 and the closing is 6/15, then date of docs should
be 6/13)" Can you say "backdating"?

Payments made to notaries every 2-3 weeks - invoice must be submitted by 9:00 am day following the signing or a $10 may be deducted.....HUH?

And then the general "if you do this we deduct that" clauses...

Guess this is one less database I'm in...<<sigh>>...ah well...

Reply by Linda Hubbell on 2/11/10 12:02pm
Msg #322401

<<grumble>>..."FROM"...:) n/m

Reply by Margie Pratl on 2/11/10 12:04pm
Msg #322402

I did a closing for Provident last fall and it was a nightmare. Never again.

Reply by dickb/wi on 2/11/10 12:11pm
Msg #322403

Re: E-mail received fro SS with new 2010 Agreement..

linda i really don't care what dates are on the docs as long as it is todays date or earlier.....i only care what date i put on my notary block.........as far as provident goes they are a nightmare but i have changed the notary block......i refuse to have "husband and wife" or any other descriptor in my notary block.....the block is the realm of the notary and not the doc maker.......it is also your testimony under oath that what is in that block is factual and the truth........with out checking all registered facts i can not truthfully ascertain the descriptors as true.......our sos agrees with me......

Reply by Cam/CA on 2/11/10 12:19pm
Msg #322404

Re: E-mail received fro SS with new 2010 Agreement..

I got it too, the part I like is " When an assignment comes in, I will receive any documents and any special instructions. I will select the top notary, closest to the assignment based on the zip code. These are people that I have established a great working relationship with."
As I have never received an assignment from them I guess I am not a "top notary" so I don't think I need to be concerned.

Reply by Linda_H/FL on 2/11/10 12:28pm
Msg #322407

The last time I heard from them, Cam, was the

Provident deal - one borrower's name was not correct in the cert, did not match her ID, Provident wouldn't change it and would not allow me to change it or add wording so it would conform to FL law - so they found another notary.

Dick, I agree, the block is our domain, but Provident doesn't feel that way - there can be NO changes to the documents AT ALL....now I did Provident loans in CT for many years as a paralegal - never ever had this problem. So I'm thinking this rule is a result of poor notary workmanship from a few for which we all now pay.

JMO

Reply by Yoli/CA on 2/11/10 12:31pm
Msg #322412

Re: E-mail received fro SS with new 2010 Agreement..

I've done quite a few Provident loans with no problems. Insofar as notary block, that is our purview and I have changed that and initialled as required and allowed per SOS guidelines with no repercussions. That being said, I did, however, notify SS as to what I was doing and they agreed that's our jurisdiction.

Reply by Sharon Taylor on 2/11/10 4:04pm
Msg #322437

Got that email - hit the Delete button after reading 3 pages

That is one of the more ridiculous Agreements I've read, and I've seen a lot of them in 14 years as a Mobile Notary. I got as far as the 3rd page, scrolled back in disbelief to be sure it really said what I thought it said, then laughed and hit the Delete button.

Reply by Notarysigner on 2/11/10 12:26pm
Msg #322406

Please forward this for me No thanks, No Provident, No problems...LOL

Reply by CopperheadVA on 2/11/10 12:29pm
Msg #322410

<<I'm hoping I'm reading this part wrong: "Documents can be pre-dated, so there is no need to change dates (ex. If docs are dated 6/13 and the closing is 6/15, then date of docs should
be 6/13)" Can you say "backdating"?>>

I read this to mean that if the docs are not dated for the same day, but for a couple of days in the past, they are still good to use. I took it to mean that they don't want you crossing out dates and correcting them, such as at the top of the docs or the date of the DOT/Mortgage. Of course any pre-printed dates on my notarial certificates would be corrected to reflect the current date.

I've done a handful of Provident loans. So far so good on those.

Reply by Linda_H/FL on 2/11/10 12:31pm
Msg #322413

You may be right Linda...that was a knee-jerk reaction..:) n/m

Reply by CopperheadVA on 2/11/10 12:31pm
Msg #322414

Forgot to add that the rest of the stips in that email (which I did not receive) are a no-go for me. And no way would I do a Provident loan for $100!

Reply by Sylvia_FL on 2/11/10 12:32pm
Msg #322415

"I'm hoping I'm reading this part wrong: "Documents can be pre-dated, so there is no need to change dates (ex. If docs are dated 6/13 and the closing is 6/15, then date of docs should
be 6/13)" Can you say "backdating"?'

No, they are not asking for notarizations to reflect 6/13, just that if the docs are dated 6/13 then they (doc date not notarization date) should be dated 6/13
Back in the day of overnight docs, I used to get docs from one company who just said for me to make the appointments when I could within a weeks time period. Docs were often dated before the appointment date.

Reply by Riley/FL on 2/11/10 4:29pm
Msg #322445

That's funny, if they are who I think it is, I just received a check from them -$10. Stupid automated reporting system!

Reply by Linda_H/FL on 2/11/10 5:51pm
Msg #322456

What reason did it give for shorting you $10?

I'd pursue it - especially if you didn't do anything wrong.

I have a company that shorted my check $15 - and I re-billed - haven't heard anything yet but I don't have a problem taking them to court for the $15 - plus late fees - plus court costs - plus statutory interest....

Reply by Riley/FL on 2/11/10 8:23pm
Msg #322479

Re: What reason did it give for shorting you $10?

I just got it today. Was busy so I didn't get to call but probably the automated system they have that doesn't work properly. I called the completed closing in and emailed but they still called 2 times the next day. Unfortunately, I was having dental surgery and didn't answer the phone. I'll call tomorrow.

Reply by Linda_H/FL on 2/11/10 8:52pm
Msg #322486

Good luck..:) n/m

Reply by Les_CO on 2/11/10 12:39pm
Msg #322419

What.... no requirement for $500,000.00 E&O Insurance?

Reply by Alz on 2/11/10 8:32pm
Msg #322482

Only if you are not standing under the SS's umbrella..lol n/m

Reply by MW/VA on 2/11/10 10:50pm
Msg #322507

What a lot of b/s. I don't know what these companies are thinking. I hope you said "no way".

Reply by Cari on 2/12/10 6:22am
Msg #322537

APAT?? n/m

Reply by CopperheadVA on 2/12/10 7:15pm
Msg #322612

Must be! I just received an *updated* version from APAT

(but I never received the original version) and it sure seems like what what described in this thread. OMG I cannot believe the micromanaging in this *agreement*. And check this out:

Effective February 2010
1) All NO CLOSES will result in $0 payment to notary
2) All RECLOSES will result in $50 flat fee to notary
Exceptions – Fifth Third Bank:
1) All NO CLOSES will result in $0 payment to notary
2) All RECLOSE will result in $0 payment to notary

The whole thing is filled with ridiculous things, including $10 fee deduction if invoice is not received by 9 AM the following day. Fees are $100 including e-docs, except for 5/3 Mtg which only pays $75.

No way am I signing this.

Reply by Linda_H/FL on 2/13/10 8:38am
Msg #322683

Okay...it's outed...<G>...yes, that's the one..:) n/m