Posted by el_notary on 10/16/11 11:45pm
Msg #400707
How do I get approved with title companies??
Hello fellow notaries:
How do I get approved to do signings with title companies, etc?
Any help is appreciated thanks.
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Reply by HisHughness on 10/17/11 1:03am
Msg #400709
1. Formally change your name to Donald Trump.
2. Call your home Trump Tower.
3. Begin writing title companies. Tell each one that you will give them all of your title business, but as a quid pro quo, they have to hire your long-time associates at Westbrook National Real Estate Co. - Winston to handle all their closings, not just the Trump closings.
4. If this works, please let us know here on NotRot. We'll be pulling for you.
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Reply by Riley/FL on 10/17/11 6:34am
Msg #400722
Truth be told...
First, you need someone to support you while you market your a$$ off for the first 2 years.
Then, MAYBE, you can net $20K - 25K a year doing signings.
You probably have a better shot going with Hugh's plan.
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Reply by janCA on 10/17/11 9:43am
Msg #400735
Re: Truth be told...
Just an FYI el notary, in California, notaries are NOT LICENSED. They are commissioned. I see the local UPS store state this in all their advertisements and it drives me crazy, and that, according to my husband, is a short drive.
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Reply by Ireneky on 10/17/11 10:35am
Msg #400738
Thanks all I needed a good laugh!! Hugh, You need to take
that show on the road. Too Funny
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Reply by Les_CO on 10/17/11 10:38am
Msg #400739
I’d call the Title Companies that you’ve been doing business with and tell them that now you can not only close your own deals, but can also do it for others too as a NSA.
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Reply by jnew on 10/17/11 1:38pm
Msg #400750
A short answer: Find them; don't make them find you.
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Reply by Linda_H/FL on 10/17/11 1:49pm
Msg #400751
I guess my question here is...
What is your experience with the actual documents associated with closings? I realize you're a real estate broker but, believe me, I've known many a broker/agent who was totally clueless about what docs are involved on the lender side.
That will be key and if you do have experience with the docs you should promote that moreso than your status as a broker. Title companies can be very unforgiving and want their closers to KNOW what they're doing and to be able to troubleshoot on their feet. If you have no experience other than brokering/selling/listing the properties, with no hands-on background with the loan docs, then you need to fix that - pronto.
BTW, take care in what you look to close - beware the "conflict of interest" - I would really hesitate to close ANY loans associated with my real estate agency.
JMO and good luck.
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Reply by BossLadyMD on 10/17/11 3:19pm
Msg #400757
Maryland being a TPL state makes it so easy for us :) n/m
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Reply by ReneeK_MI on 10/18/11 3:57am
Msg #400812
IMO you might not want to showcase being a RE broker
As a licensed Real Estate Broker, you should already understand the dynamics - real estate agents/brokers are crucial clients of the title agents. Title agents work very hard to KEEP their clients, and refrain from doing anything that would annoy them, upset them, etc.
That would include sending ANOTHER RE AGENT to the closing table, to spend an hour up close and personal with THEIR clients.
Same holds true with those who are Loan Officers - in the case of refinances, how many loan officers would be thrilled to find out their loans are being closed by their competition (another loan officer).
I see this all the time in profiles (NSA's who are also RE Agents and L/O's) and I am just baffled as to how that can work.
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