Apparently it is not just the abstracting that is being supervised from India. Some of the signing agents have been receiving calls for their services from a well known American firm (not Infinity) with operations based in India.
The rates offered are ridiculously low, and the Indian callers can't seem to understand why the American signing agents aren't accepting the assignments.
Unlike the abstractors, the signing agents are more fortunate in that the actual work they perform can not be outsourced to India since the the law requires that the signing of the loan documents must be performed in their presence and that the notaries must reside and be commissioned in the state in which they sign the acknowledgements and jurats. This is even more firmly entrenched in those states that require attorneys rather than notaries to close the loans.
Unlike the electronic title plants, e- notarization does not seem to be a threat to their livelihoods. Their physical presence is still required at the closing, and the same statutory residence and commissioning requirements remain unchanged. The only difference is that there are no paper documents at the closing table. In fact, a number of notary signing agents are looking forward to performing the paperless transactions. I have been told that there is an experimental program in several Pennsylvania counties, but e-notarization is still years aways from wide spread acceptance.
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