Posted by leeinla on 4/10/12 12:50pm
Msg #417467

Job Offer- What do you guys think?

I am looking to network with you in regards to a Notary position with a Fortune 5 Financial Provider in Simi Valley. This is a contract position with the working days and hours of M-F/ 8-5 with OT available based on business needs. The starting pay rate for this position is $24/hr. This is an urgent need within the area, managers are looking to act quickly upon the position. Below is the provided job description for further clarification. If you or someone you know may be interested, please reply with a copy of your most up to date resume or call for further information. Thank you and have a great day.



JOB DESCRIPTION:

Provides notary service for a variety of documents. Required to notarized up to 300 loan documents a day.

300 loan docs a day, is it realistic?

Thanks,

L.

Reply by CinOH on 4/10/12 12:52pm
Msg #417468

Sounds like one of those robo-stamper gigs that has gotten a few notaries sent to prison.

Reply by leeinla on 4/10/12 12:55pm
Msg #417469

I was thinking about the same thing- is this another robo-signing assignments. No one learned their lesson yet.

Regards,

L.

Reply by 101livescan on 4/10/12 2:31pm
Msg #417491

Another one of those off the charts, ODD JOBS! I would investigate closely before accepting.

Reply by rengel/CA on 4/10/12 1:22pm
Msg #417473

A Fortune "5" ?

I hope that is a typo and should be 500?

Would it be documents for up to 300 loans
or 300 documents, not all of which need to be notarized?
That would make a big difference. I would also want to know that the signers whose signatures I am notarizing will be physically present at the time.

My .02

Reply by Hugh Nations Signing Agents of Austin on 4/10/12 1:39pm
Msg #417478

It works out to...

8 hours a day

60 minutes in each hour

8 X 60 = 480

300 documents to be notarized a day

480 / 300 = 1.6 minutes per document

Either that job offer originated from a robo-signing firm that does not read the news, or it originated in Nigeria.

Reply by ikando on 4/10/12 2:11pm
Msg #417486

Re: It works out to...

And no time to identify the signers, assuming they bring their ID and you put info in a book.

And what about lunch and potty breaks? Is this humanly possible?

Reply by Susan Fischer on 4/10/12 2:09pm
Msg #417484

37.5 per hour, assuming an 8 hour day - more with OT?

That's .625 per minute.

Fishy fishy, come bite my hook...

Reply by VT_Syrup on 4/10/12 2:49pm
Msg #417492

could be legitimate

How it could work, legitimately

Several staff members work all day today getting a stack of documents ready to notarize. There is software to prepare the notary certificates and notary journal entries. All that is needed is the staff member's signatures and the notary's signatures on the docs and in the journal.

Tomorrow each staff member goes to the notary at their appointed time, plops the stack of documents on the table, plops her driver's license on the table, raises her right hand, and swears every bit of paper in the stack is true, and the staff member and notary sign like mad, and the staff member makes her thumb print in all the necessary spots in the journal.
At the end of the appointment the staff member goes and gets more documents ready for the next day.

If a way can't be devised to fill out the notary journal in part by computer, it becomes doubtful whether 300 notarizations could be done per day. Also, maybe 300 isn't a routine day, maybe 300 requires overtime.

Reply by Hugh Nations Signing Agents of Austin on 4/10/12 4:19pm
Msg #417501

And at the end of the day...

...the notary and all her colleagues at work go up on the roof for a relaxing drink while they watch the pigs fly by.

Reply by Erwin/CA on 4/10/12 4:48pm
Msg #417506

Re: And at the end of the day...

I did a Loan Mod for a guy who was a former employee of Countrywide. He had been laid off. He told me he used to notarize 1300 documents per day, using many hours of overtime. I didn't ask him how he did it.
Erwin

Reply by Susan Fischer on 4/11/12 12:39am
Msg #417552

Nobody else asked how he did it either...that's the rub... n/m

Reply by SharonMN on 4/11/12 6:16pm
Msg #417629

Re: could be legitimate

I agree it does sound fishy, especially with the $24/hr pay. Normally you could hire an administrative assistant to do this for less.

However, I just, for the first time ever, did a volume signing that made sense even at the Minnesota rate of $1 per. (However, this was at my day job so I didn't get paid extra). A lawyer came by with a stack of 40 things. The notary certs were already prepared and filled out. All I had to do was sign and stamp. She was the only signer, and I personally knew her. She did sign in front of me, but we could have sped up the process since they were all acks - she could have just plunked them all on my desk and acknowledged that she signed them all of her own free will. As it was, it took me about 20 minutes. I do keep a journal although MN doesn't require one, so there are no format requirements. I just wrote in her name/date/time/location once and then listed all the docs.

I have occasionally in the past notarized things such as a stack of licensing applications to be filed in 50 states, all signed by the same corporate officer. Those go fast, too.

Reply by Catherine Tatman on 4/10/12 4:58pm
Msg #417507

I got the same email...think it's B of A....I said.."delete".... but if it was 6 years ago I would have looked into it at least. I'm too old to work that hard.

Reply by MikeC/TX on 4/10/12 6:23pm
Msg #417513

There's really not a lot in the job description other than notarizing "up to" 300 loan documents a day - that's a prescription for carpal tunnel syndrome right there. Is it realistic? Probably not, but not impossible. I personally wouldn't take any job that required me to do THAT for 8 hours a day, 5 days a week.

Given the current environment I'm having a hard time believing that ANYONE would be looking for robosigners, but I've read recently that the floodgates on foreclosures will be opening soon now that the major banks have reached a settlement on those charges, so those banks will need people to process the paperwork - including notaries. Whether they do it legally this time remains to be seen.

I don't think it's a scam, but it sounds like the kind of job where you come home after a long day and just want to stick your head in the oven - only your hand is gonna be too weak to open the oven door...

Reply by jba/fl on 4/10/12 7:56pm
Msg #417525

Funny, Mike, if it weren't so sad. n/m

Reply by Les_CO on 4/10/12 7:03pm
Msg #417516

Sounds like a typical CA SS gig. They charge $3000.00 ($10 per) and pay the notary $192.00

Reply by supersigner on 4/10/12 9:16pm
Msg #417537

I think it is a risky job...How can you possibly check proper identification to notarized all these docs with all these people every day? We are talking about 40 docs an hour. good luck.. I wouldn't want it.