| Are these mailaways? Mailaways preceded the use of notary signing agents since they were done at a time before the internet was established (1995) Package was overnighted to borrower who completed package with detailed instructions from the title company, found their own notary and returned package to title company. The notary public notarized documents but was not involved other than that. The notary fee was POC by the borrower and wasn't shown on the Hud One. As a former EO, I can assure you that these could be a real headache for the title company, since there was a good chance that the borrower would screw up executing documents. Not profitable for notary and extra risk for title company. |
