Posted by Claudine Osborne on 2/14/10 7:56pm
Msg #322809

Provident Funding

I thought that this group was discussed recently..I cannot find anything in search or SC, I even went back manually through all the messages dating back a few weeks..If someone remembers can you please let me know? Thank you in advance!!

Reply by Linda_H/FL on 2/14/10 8:12pm
Msg #322812

Re: Provident Funding....is the lender

who requires $500K E&O of the notaries that close their loans. Not sure they hire directly..

Some companies say they have the $500k covered (umbrella) but one company told me they now required $1m in coverage of the Ss's.....I've also heard Provident doesn't accept the "umbrella" concept and the notary him/herself must carry the $500k.

Reply by Shoshana/AZ on 2/14/10 9:04pm
Msg #322816

Re: Provident Funding....is the lender

I have worked for SS's who carried enough E&O to cover the notary for Provident signings.

Reply by Alz on 2/14/10 9:29pm
Msg #322819

Me too! n/m

Reply by JanetK_CA on 2/14/10 8:42pm
Msg #322814

Did you search just for "topics" or also "individual messages"? If unsure, this is selected from the drop down menu next to "Search for". I suspect this may be why lots of people have trouble finding things. It can make a huge difference.

There must be lots of information here about Provident.

Reply by Claudine Osborne on 2/14/10 9:17pm
Msg #322817

Thank you..You guys are the best! I found tons of stuff..looking through individual messages!

Reply by Maureen_nh on 2/14/10 11:17pm
Msg #322822

Have had a few, not lately, and they didn't seem too hung up about the E&O--maybr drsperate.

Reply by Jim/AL on 2/15/10 10:56am
Msg #322851

Re: Provident Funding--very picky folks

no corrections, they will re-draw instead of correcting things such as a wrong middle initial.

They really want perfection...which is how we should be working anyway...the $500k e&o has always been covered by the hiring party IME.