Posted by ME/NJ on 3/21/13 7:42pm
Msg #462444

Title Source rejected my NR BGC

It was good enough for last couple of years, now it's NNA or Lexis. Could someone post a link or contact info regarding Lexis and what do I need to ask for?

Bunch of BS..

Reply by HisHughness on 3/21/13 7:55pm
Msg #462450

I have an NR background check. Title Source is one of my best clients.

Reply by Lee/AR on 3/21/13 8:00pm
Msg #462451

Something isn't right here. n/m

Reply by Susan Fischer on 3/21/13 8:54pm
Msg #462465

In Oregon, and other states too, there's agency law

that says basically, if an entity requires me to have Insurance, it cannot dictate the Insurance Company I choose to comply. To me, a BGC is a form of insurance to comply with state and federal laws. Ergo, I am free to choose that Product from any provider authorized to do business in Oregon so that I can do business in the Great State of Oregon.

Not legal advice, yadayada.

Reply by Linda_H/FL on 3/21/13 8:59pm
Msg #462466

Re: In Oregon, and other states too, there's agency law

"a BGC is a form of insurance to comply with state and federal laws"

Completely disagree.

Reply by Susan Fischer on 3/21/13 9:57pm
Msg #462480

Well, liken it to a truck-owner. Due diligence in hiring

Commercial Drivers includes vetting multiple skill-sets, i.e., driving and other histories, felonies, and other relevant records. Insurors have entire Risk Management departments that deal with Regulatory Compliance for Public Safety in all Industries.

In order to comply with federal law, here in Oregon, Idaho, and other state laws as well, there is a safeguard for the likes of limiting the purchase of requirements to particular Vendors of the Product. In my state, I choose my own qualified Vendors when required to use them.

Personally, I won't trade with the NNA, or, as I'm fond of saying, If I were you, I wouldn't pet that dog. Just my humble opinion, no legal call.

Reply by Marian_in_CA on 3/21/13 9:43pm
Msg #462471

Re: In Oregon, and other states too, there's agency law

"a BGC is a form of insurance to comply with state and federal laws"

I'm not so sure about that. Different background checks looks at different things. You have to be able to prove that the product is exactly the same. I believe that they look at pretty much the exact same things on the major things, but there may be differences in specifics. I've looked at the NotRot check and the NNA one side by side... and they pulled almost the exact same major information, but not exactly.

Reply by John Tennant on 3/21/13 10:10pm
Msg #462482

Marian, differences

Have you informed Harry of the differences? This could be the answer to Notary Rotary's BGC being accepted universally.

Reply by Susan Fischer on 3/21/13 10:20pm
Msg #462484

Where does it say it has to be ~exactly~ the same? I

respectfully don't think that's true. Isn't ours Veri-sign, or close? Pages long and correct, color-coded info. After faxing my copy, it was never rejected. Those who still refused? Toodles.

There are specifics in all insurance policies. This is a standard BGC. Not to mention that some states have been satisfied with its own hefty BGCs prior to bestowing Commissions.

Respectfully submit that a clean BGC is a goal of Public Safety, with the objective of culling past criminal activity. It's a CYA and Risk Mgmt issue, and compliance doesn't belong to only the NNA or Lexis.

Reply by John Tennant on 3/21/13 10:29pm
Msg #462486

Re: Where does it say it has to be ~exactly~ the same? I

Susan, from postings on our forum for many weeks, it appears that the XYZ BGC is the accepted norm. Can NotRot match it. If so, it blows that norm away.

Reply by MikeC/TX on 3/21/13 9:43pm
Msg #462472

Re: In Oregon, and other states too, there's agency law

"To me, a BGC is a form of insurance to comply with state and federal laws."

Unless I missed a memo, there are no state or federal laws that require a BGC before you can do loan signings.

There ARE interpretations of GLB that some companies use to force you into a BGC (probably earning them a kickback in the process), but there is no law that requires it.

And at this point, I think an appropriate response to a demand for a BGC would be "I'll show you mine if you show me yours"...

The middlemen are the gatekeepers - they have access to the borrower's financial info, as well as access to your personal info. How do we know they've been properly vetted by the companies that have hired them? We don't, because they are not required to provide anything to us to prove they are legitimate.

Reply by Marian_in_CA on 3/21/13 9:49pm
Msg #462476

Re: In Oregon, and other states too, there's agency law

"How do we know they've been properly vetted by the companies that have hired them? We don't, because they are not required to provide anything to us to prove they are legitimate."

Hence one of the big problems with signing services. Not all of them... but a good number.

Reply by Rita Adu on 3/22/13 5:05am
Msg #462507

It's Simple

I see this posting frequently here. I see it this way. Certain companies want certain things. It's their choice. Since you are independent, you are not required to do those things, but you also know that you won't be working for those companies. Now the question as a business person is this....Do you want that company's business. If yes, then comply -- If no, then don't. We have to think with the "head" and not the "heart". Do the math. If I pay XX for this BGC from these people, then I can work for XX and XX and make XXXX money. What's your bottom line? Emotions and feelings don't mix with working your business.

Reply by Notarysigner on 3/22/13 8:02am
Msg #462513

Re: How do you know you'll be hired or how

or how many assignments you will get???
In order to take advantage of these type "carrots" once, I changed my E & O to $100.000 as required and didn't get ONE CALL in a year!

Reply by FGX/NJ on 3/22/13 7:04am
Msg #462510

Mike
Log onto your TS account. There is a tab BACKGROUND CHK. When you click that it should bring up a link to order BGC from LN or NNA
This requirement is new. They always had accepted NR but when I went to renew they said they are NOW only accepting NNA or LN.
It is company policy, no NNA or LN BGC no business.
Take it or leave it.

Reply by ME/NJ on 3/22/13 9:16am
Msg #462522

I just went through the TS Contractor with LN. You're correct if you don't do it no work from them now. I do a fair amount with them and the $50 is well worth the return.

LN took 5 minutes to fill out. Anyone know how long it takes to get results back? What is different between NR BGC and LN?

Reply by ME/NJ on 3/22/13 9:47am
Msg #462524

Just view LN report in progress

Seems to cover same areas as NR BGC.. All I can say is what a scam. Plus had to do another one with a different company for First American.

Guess all my bases are covered for now..lol

I will not give NNA a penny of my money anymore.

Reply by FGX/NJ on 3/22/13 9:49am
Msg #462525

About3 to 5 days. They don't send you anything. You have to sign in to the contractor page and you can print out a copy.

Reply by MW/VA on 3/22/13 8:43am
Msg #462517

IMO this is bs, and is the result of the marketing that

NNA does.

Reply by MW/VA on 3/22/13 8:44am
Msg #462518

Read my post in 462490, if you think LN is better. n/m