Posted by hodgy on 10/27/12 9:23pm
Msg #440852

E-notariations

I am not sure what the demand is for E notarizations. Can someone tell me what the process is and the demand.

Thanks

Reply by ananotary on 10/27/12 10:50pm
Msg #440862

I've been monitoring that for the last two years. I finally saw the demand was enough for me to make the investment.

Reply by HSH/WA on 10/27/12 11:15pm
Msg #440866

Re: I came to the conclusion that there is not enough

business to warrant the cost. Looking on the "search" button I found that really busy notaries were doing about 4 per month. As I understand it signing companies are not willing to pay more citing the fact that you save on paper. I'd want more to pay for the cost of do them. Hope this helps.

Reply by ananotary on 10/27/12 11:34pm
Msg #440868

Not so in my case' n/m

Reply by ananotary on 10/27/12 11:35pm
Msg #440869

Whoops, fat fingers

I always charge and receive more for e signings through ss

Reply by JanetK_CA on 10/28/12 12:35am
Msg #440877

E-notarziations are not the same as e-signings

I believe e-notarizations involve keeping an electronic journal instead of a paper journal.

Reply by hodgy on 10/28/12 5:08am
Msg #440880

Re: E-notarziations are not the same as e-signings

Thanks for all of your feedback. So for these enotarizations obviously you need a mobile computer to bring with you. Would an ipad suffice? Obviously you are not providing customers with document copies. What about RTC? You would need mobile internet which may be difficult in some rural areas.

Reply by CopperheadVA on 10/28/12 7:34am
Msg #440884

You are talking about e-signings, not e-notarizations

It sounds like you are talking about e-signings, where the closing is done online and the borrower clicks to accept the terms of the document and an electronic signature is entered for the borrower on those docs. In addition to the e-sign docs, the notarized docs are usually printed and wet signed. I don't do e-signs any more - not enough requests for me to justify the aircard expense. The last one I did was a couple of years ago and I used my laptop with the borrower's wi-fi access.

Reply by Linda_H/FL on 10/28/12 7:36am
Msg #440885

why not search here for "e-signings"

You'll gain a better understanding of what's involved and required. You'll ALSO learn the difference between e-docs, e-notarization and e-signings....3 entirely different concepts.

You may be able to do e-signings but may not be authorized, qualified or commissioned to do e-notarizations.

Search button - your best friend.

Reply by VT_Syrup on 10/28/12 7:55am
Msg #440887

Re: E-notarziations are not the same as e-signings

E-notarization means the acknowledgement and/or jurat is an electronic document with the notary's electronic signature and , if applicable, electronic seal (however a given state defines that).

Some state that allow electronic notarizations also require electronic journals, but not always. There is no particular reason why a paper journal can't be used with an electronic notarization.

Reply by hodgy on 10/28/12 8:05am
Msg #440888

Re: E-notarziations are not the same as e-signings

Well it doesn't sound like it's worth the bother or expense. Thanks for the info.

Reply by 101livescan on 10/28/12 10:41am
Msg #440896

I think you intended this post for E-Signings. E-notarizations are not happening in CA.

E-signings used to be more common, but not any more. Flagstar's esignings have dropped by the wayside. I will always have an aircard no matter what, I don't have cable or high speed internet at home but I live in Verizon country, so aircard is better than my satellite dish, particularly in stormy season.

E-signings for me are kind of a pain, too lengthy, SS's don't want to pay what it's worth, I don't accept them any more unless the scheduler is on their knees and is willing to make it worth my time, expertise, and effort.

I haven't had a request for one in months, maybe even all year.

Reply by Diann/MI on 10/28/12 11:23pm
Msg #440972

I use to have a Sprint aircard but the cost of $70.00 per month was not justified. I recently purchased Walmart's Internet-On-The-Go Mobile Hotspot. I paid $100.00 for the Hotspot and I bought 1000 MegaBytes for $45.00. There is no monthly fee and the MBs never expire as long as the service is used at least once a year. It really saved me at EOM from having to run home between signings to print docs because they were late.

Reply by HSH/WA on 10/28/12 11:45pm
Msg #440973

So you have a printer in your car and you can use your phone with the mobile hot spot to down load the docs to your printer - yes? How many docs do you estimate you can print with what you purchased?