Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] Odd request...E & O/clients - Michael /KS (1 reply)
6/19/2006 12:42:29 PM (3026 views)

[+] Is Everyone Finally Ready? - Lisa Ramsey/TX (11 replies)
6/19/2006 12:08:37 PM (2964 views)

[+] NATIONWIDE COURT SERVICES PAYING ???? - Mason Haas/NY (1 reply)
6/19/2006 10:22:49 AM (3112 views)

[+] Lindsey's Title Abstracting - Kim Goodman/GA (3 replies)
6/19/2006 9:36:44 AM (2942 views)

[+] Underwriting manuals - Tim Shelton/AL (5 replies)
6/16/2006 5:42:12 PM (3060 views)




Wendi!!! - J Nisonger/CA
6/15/2006 6:21:47 PM (2506 views)

[+] National Funding Services Inc - J Nisonger/CA (7 replies)
6/15/2006 5:50:12 PM (3086 views)

[+] National Funding Services Inc - J Nisonger/CA (5 replies)
6/15/2006 12:20:48 AM (3145 views)

[+] Abstractor E&O - Lisa Dahlquist/NC (8 replies)
6/14/2006 7:59:17 PM (3208 views)

[-] Infinity International - Russ Frye/GA (27 replies)
6/14/2006 7:57:00 PM (3934 views)
Re: Infinity International - Lisa Dahlquist/NC
6/14/2006 8:00:08 PM (4907 views)
Re: Infinity International - Candis Richter/NJ
6/14/2006 8:28:20 PM (5012 views)
Re: Infinity International - J Nisonger/CA
6/14/2006 11:36:31 PM (4865 views)
Re: Infinity International - Wendi See/SC
6/15/2006 10:53:42 AM (4872 views)
Re: Infinity International - J Nisonger/CA
6/15/2006 11:17:16 AM (4862 views)
Re: Infinity International - Kevin Ahern/CT
6/20/2006 6:55:13 AM (4759 views)
Re: Infinity International - Bobbi Shorthouse, Notary Public/CT
6/20/2006 1:12:00 PM (4829 views)

"...e-notarization does not seem to be a threat to their livelihoods ... 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."

My personal opinion: The signing agents looking forward to this are a little slow on the uptake.  In most states, the fee for an Enotarization is THE SAME as for a paper notarization or only a minimal amount higher; $5 per notarization in Connecticut plus a maximum of 35 cents per mile for travel.  The companies want the Enotary to travel to the borrower with the laptop, signature pad, software and licensing agreements (including fees for same plus annual licensing fees) and "notarize the signatures" on the Edocuments.  There's also the discussion/issue of the notary (NOT the lender or title company) being personally liable for the security of the Edocuments (receipt, transmittal after signature, etc.).  Unless the lender or title company is willing to pay the notary for "extra services" (like what: no printing, no "courier" services), an Enotarization at the borrowers' home at Connecticut's maximum rates is less than profitable.  Just calculating the number of notarizations required to pay for the initial start-up costs is mind-numbing.

Stewart Title has successfully completed three paperless Esignings with Enotarizations IN ITS TITLE COMPANY OFFICE.  My guess is the paperless loan closings will be held at local title company offices, who can afford the costs of the equipment, software, licensing fees, security, etc. as part of their entire "closing fee."  The Stewart Title article was interesting because the borrowers read the documents BEFORE they came to the closing, which means both title company and lender cooperated to have the loan document package and available for the borrower to read online at least a full day before. The lenders and title companies are not doing that now for notary signing agents, what makes anyone think they will do this in the future?

Grey hair and bifocals showing:  I am not that trusting that a stranger comes to my home, states, here's your $250,000 residendial 120 page refinance loan document package on this 14" laptop screen, sign and initial on the pad, your signature and initials will automatically be placed everywhere needed on each document, in a few hours you can go online, access a copy of what you signed, print out a copy, and read it.  Now how does an old geezete (female geezer) KNOW that what I access later is really what I signed ... and what if after I read it I decide I don't want to sign that title affidavit or want to change something [correct an error]?  I am not against Esignings.  I just don't see where a "notary public" can make a profit at it.  Notaries technically don't make a large profit on a notarization.  Further, most of the state legislators that passed Enotarization did not raise the notarization fees to cover the costs of this technology (bad for re-election business).

to post a reply: login - or - register


Re: Infinity International - Wanda Steudel/OH
6/20/2006 3:51:38 PM (5083 views)
Re: Infinity International - Lisa Ramsey/TX
6/20/2006 7:11:29 PM (4714 views)
Re: Infinity International - Wanda Steudel/OH
6/20/2006 8:06:06 PM (4740 views)
Re: Infinity International - Lisa Ramsey/TX
6/20/2006 11:14:07 PM (4680 views)
Re: Infinity International - Helene /GA
6/15/2006 11:36:42 PM (4770 views)
Re: Infinity International - Russ Frye/GA
6/16/2006 8:54:26 PM (4790 views)
Re: Infinity International - Russ Frye/GA
6/15/2006 11:38:41 PM (4897 views)
Re: Infinity International - Angelica Schneider/IN
6/16/2006 11:00:15 AM (4914 views)
Re: Infinity International - J Nisonger/CA
6/16/2006 1:17:54 PM (4739 views)
Re: Infinity International - Deborah Manion/VA
6/16/2006 3:16:53 PM (4772 views)
Re: Infinity International - Lisa Ramsey/TX
6/16/2006 3:20:34 PM (4792 views)
Re: Infinity International - Barbara Bennett/IN
6/16/2006 3:25:12 PM (4767 views)
Re: Infinity International - Lisa Ramsey/TX
6/17/2006 11:57:02 AM (4735 views)
Re: Infinity International - J Nisonger/CA
6/16/2006 10:59:30 PM (4749 views)
Re: Infinity International - Sandra Morton/KS
6/18/2006 10:35:59 PM (4755 views)
Re: Infinity International - Angelica Schneider/IN
6/19/2006 11:43:49 AM (4750 views)
Re: Infinity International - J Nisonger/CA
6/19/2006 1:16:54 PM (4586 views)
Re: Infinity International - Angelica Schneider/IN
6/19/2006 5:20:00 PM (4571 views)
Re: Infinity International - Mason Haas/NY
6/22/2006 7:05:44 PM (4608 views)
Re: Infinity International - J Nisonger/CA
6/23/2006 1:53:45 AM (4590 views)

[+] Black List for Bad Paying Companies - Scott Aduddell/MO (1 reply)
6/14/2006 11:26:52 AM (3556 views)

[+] Unpaid Invoices - Susan Nielsen/MN (1 reply)
6/14/2006 9:56:16 AM (3308 views)

[+] Zen Title - Candis Richter/NJ (8 replies)
6/13/2006 6:06:40 PM (3615 views)

[+] CNN Article RE: Online Docs - Jarrod Clabaugh/OH (3 replies)
6/13/2006 3:54:14 PM (4421 views)

[+] Title Direct, St. Paul, MN - Anyone got their number - Scott Aduddell/MO (8 replies)
6/13/2006 3:32:07 PM (3594 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8956 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Let’s Talk about the US Dollar
Marissa Berends's Blog
2025/07/18
0 comments

Understanding Survivorship Marital Property vs. Joint Tenancy in Wisconsin
Marissa Berends's Blog
2025/07/16
0 comments

How “Buy Now, Pay Later” Loans Are Starting to Affect Your Credit Score
Marissa Berends's Blog
2025/07/14
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Joint Trades Press Statement on FHFA Announcement on Credit Scores
"FHFA Director Pulte’s July 8 directive to the GSEs to adopt a modernized credit score, VantageScore 4.0, was a pr...
Westcor Land Title Insurance Company® Partners on Fannie Mae Title Acceptance Pilot
“We’re proud to support the GSEs’ modernization goals while continuing to uphold the core value of tit...
Remodeling Market Sentiment Dips in Second Quarter
“Most remodelers continue to express positive sentiment, but some, especially in the western part of the country, ...
Title Resources Group Appoints Michael Campbell as Underwriting Counsel for Michigan
"Michael's diverse title agency and underwriting background in high-volume and boutique shops gives him the broad experi...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates moved lower last week, with the 30-year fixed rate decreasing to 6.77 percent, its lowest level in...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.