Posted by Pro Mobile Notary on 6/21/12 1:02pm
Msg #424234
Cost of doing biz going up for NSAs
Last year North American Title instituted a requirement of $500k in E&O coverage for a signing agent to complete a signing for them. Provident Funding has had this rule for a lot longer. We suspect other title companies will follow suit.
Today a regional CA lender (Bay Equity) instituted the same requirement. They just rejected a perfectly fine set of docs because of this and it had be be redrawn and resigned.
If you do not carry that much E&O coverage and are working directly with settlement agents and escrow officers you can either buy more coverage to do these signings or work with us on doing them for your escrow/settlement contacts. Our company E&O policy has a blanket coverage provision for signing agent doing signing through us.
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Reply by Donna McDaniel on 6/21/12 1:11pm
Msg #424235
Should I send you my client list?
Or would you rather I called all the TCs I contract with and refer them to you?
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Reply by SOCAL/CA on 6/21/12 1:18pm
Msg #424237
Yeah, right Howard.
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Reply by sigtogo/OR on 6/21/12 1:29pm
Msg #424239
instead of advertising please answer questions to msg 424213
thank you!!
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Reply by jba/fl on 6/21/12 1:40pm
Msg #424242
This just makes me grumpy when I have to do a search when
we have tools that people just don't bother to learn. . .see right above this message in the corner? It is written just like this and if you do it, you can click on the resulting link and not lose your place while reading. Every so often I just have to remind everyone....so please, try to remember - just as it looks above the message....Thanks.
Msg #424213
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Reply by sigtogo/OR on 6/21/12 1:52pm
Msg #424243
your point? n/m
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Reply by jba/fl on 6/21/12 2:54pm
Msg #424250
My point? Surely you can read....or is this an OR thing?
Learn to use the tools at your disposal....they are for everyone.
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Reply by BrendaTx on 6/21/12 7:55pm
Msg #424289
This post is another shark trolling for blood.
When business is slow, the SSs come over to NR and look for posts about your clients. (I get all my GGGG Loans from HHHH signing company and/or title company...great company to work for!!)
This SS is advertising to your better clients. Plain and simple.
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