Join  |  Login  |   Cart    

Notary Rotary
Just PoliticsLeisure
Welcome to the Notary Talk General Discussion Forum. Before posting, please read the


Re: Loan Signing Advice Please
Posted by  PAW Notary Services of FL on 12/9/04 7:15am Msg #13092
From your statement: "We have a HELOC loan that requires a notary for 3 pages of signature for my wife and me. We have the documents at hand. how much would you charge to come to our place on Friday at 2:30 pm." It sounds as though the borrowers are only asking for mobile notary service, not signing agent service. Therefore you can only charge the allowable notary fee plus travel (agreed to in advance). You may wish to explain to them that you explain the purpose of each of the documents they may have, as a signing agent, and show them where they would need to sign, as well as notarize the documents that need notarization. Then tell them the fee for this service as well. In other words, sell your signing agent skill. You may get a "signing" with payment on the barrel head, or simply the notary fee and travel.

This type of request isn't as unusual as it may seem. A couple of lenders, Wells Fargo comes to mind, provides the refinancing packages and HELOCs to the borrower with instructions to "find their own notary". Also, some lenders simply provide loan modification agreements to current borrowers, where the modification needs to be notarized.

I personally would talk with the borrowers first as they approached you, to determine exactly what it is they have and what they really need. Then, if the borrowers agree, you can contact the lender for instructions. (Depending on what the borrowers request or agree to with you.)
PrevNextReturn to General Discussion    Post a Public Reply to this MessageSend Author a Private Message


Messages in this Thread
 Loan Signing Advice Please - aliciaCA on 12/9/04 3:30am
 Re: Loan Signing Advice Please - Anonymous on 12/9/04 3:34am
 Re: Loan Signing Advice Please -  PAW Notary Services on 12/9/04 7:15am
 Re: Loan Signing Advice Please -  DarleneAZ on 12/9/04 8:02am
 Re: Loan Signing Advice Please - Mortgage Closers of San Antonio - Kenneth C Whitton Jr on 12/9/04 10:48am
 Are You a 501(c)3? - Dennis D Broadbooks on 12/9/04 11:25am
 Public Official - George on 12/9/04 11:33am
 Re: Loan Signing Advice Please...Mr. Whitton, Jr. - Stephanie/CA on 12/9/04 1:05pm
 Re: Loan Signing Advice Please...Mr. Whitton, Jr. -  PAW Notary Services on 12/9/04 3:11pm
 Re: Loan Signing Advice Please - Paul_IL on 12/9/04 2:09pm
 Re: Loan Signing Advice Please -  CarolynCO on 12/9/04 2:39pm
 Re: Loan Signing Advice Please -  HisHughness on 12/9/04 2:46pm
 Re: Loan Signing Advice Please -  BarbaraL_CA on 12/9/04 3:47pm
 Re: Loan Signing Advice Please -  HisHughness on 12/9/04 5:45pm
 Re: Loan Signing Advice Please -  BarbaraL_CA on 12/10/04 12:52am
 Re: Loan Signing Advice Please - CaliNotary on 12/9/04 5:53pm
 Re: Loan Signing Advice Please - HisHughness on 12/9/04 6:55pm
 Re: Loan Signing Advice Please - CaliNotary on 12/10/04 11:41am
 Re: Loan Signing Advice Please -  HisHughness on 12/10/04 11:48am
 Re: Loan Signing Advice Please -  BrendaTX on 12/9/04 3:36pm
 Re: Loan Signing Advice Please -  BarbaraL_CA on 12/9/04 12:44pm
 Re: Loan Signing Advice Please - aliciaCA on 12/9/04 3:12pm
 This Guy must be the one taking the $35 - $40 - George on 12/9/04 5:05pm
 Re: Loan Signing Advice Please - Ethel on 12/10/04 10:30pm



 
Find a Notary   Notary Supplies   Terms   Privacy Statement   Help/FAQ   About   Contact Us   Archive  
 
Notary Rotary™ is a trademark of Notary Rotary. Copyright © 2002-2024, Notary Rotary, Inc.  All rights reserved.
500 New York Ave, Des Moines, IA 50313.