I was floored when I read this. This is my opinion and my opinion only. First of all, in the state of Indiana you are required to have a Title Producer License. Long story short, you have that cause you touch the settlement statement so you should be able to explain it and should. I always ask if they have seen it before or if it has been gone over with them prio to me arriving and if they have any questions. If they have none, I ask them to verify the bottom number and have them sign. If they haven't been shown, then i go over with them each line with a dollar figure. Really feel it is a disservice if we don't go over it. We are professionals and should do this. If you are asked why certain fees are the way they are, of course we have no idea so that would be directed to the L.O.
My closings usually average 30 minutes to 45 minutes so by me doing it, it doesn't add any additional time.
But give me a break.. if I followed some other notaries business model they have, might as well just throw the papers in front of the borrower and say " Go to it. I am just a notary. Don't ask me any questions." |
