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[+] Kasparnet - Barbara Bennett/IN (3 replies)
6/20/2006 6:49:58 PM (3290 views)

[+] Odd request...E & O/clients - Michael /KS (1 reply)
6/19/2006 12:42:29 PM (3081 views)

[+] Is Everyone Finally Ready? - Lisa Ramsey/TX (11 replies)
6/19/2006 12:08:37 PM (3015 views)

[+] NATIONWIDE COURT SERVICES PAYING ???? - Mason Haas/NY (1 reply)
6/19/2006 10:22:49 AM (3151 views)

[+] Lindsey's Title Abstracting - Kim Goodman/GA (3 replies)
6/19/2006 9:36:44 AM (2985 views)


Real Title Services


[+] Underwriting manuals - Tim Shelton/AL (5 replies)
6/16/2006 5:42:12 PM (3108 views)

Wendi!!! - J Nisonger/CA
6/15/2006 6:21:47 PM (2547 views)

[+] National Funding Services Inc - J Nisonger/CA (7 replies)
6/15/2006 5:50:12 PM (3127 views)

[+] National Funding Services Inc - J Nisonger/CA (5 replies)
6/15/2006 12:20:48 AM (3183 views)

[+] Abstractor E&O - Lisa Dahlquist/NC (8 replies)
6/14/2006 7:59:17 PM (3248 views)

[-] Infinity International - Russ Frye/GA (27 replies)
6/14/2006 7:57:00 PM (4004 views)
Re: Infinity International - Lisa Dahlquist/NC
6/14/2006 8:00:08 PM (5058 views)
Re: Infinity International - Candis Richter/NJ
6/14/2006 8:28:20 PM (5149 views)
Re: Infinity International - J Nisonger/CA
6/14/2006 11:36:31 PM (5006 views)
Re: Infinity International - Wendi See/SC
6/15/2006 10:53:42 AM (5018 views)
Re: Infinity International - J Nisonger/CA
6/15/2006 11:17:16 AM (5000 views)
Re: Infinity International - Kevin Ahern/CT
6/20/2006 6:55:13 AM (4891 views)
Re: Infinity International - Bobbi Shorthouse, Notary Public/CT
6/20/2006 1:12:00 PM (4944 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).

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Re: Infinity International - Wanda Steudel/OH
6/20/2006 3:51:38 PM (5218 views)
Re: Infinity International - Lisa Ramsey/TX
6/20/2006 7:11:29 PM (4819 views)
Re: Infinity International - Wanda Steudel/OH
6/20/2006 8:06:06 PM (4870 views)
Re: Infinity International - Lisa Ramsey/TX
6/20/2006 11:14:07 PM (4804 views)
Re: Infinity International - Helene /GA
6/15/2006 11:36:42 PM (4886 views)
Re: Infinity International - Russ Frye/GA
6/16/2006 8:54:26 PM (4899 views)
Re: Infinity International - Russ Frye/GA
6/15/2006 11:38:41 PM (5036 views)
Re: Infinity International - Angelica Schneider/IN
6/16/2006 11:00:15 AM (5031 views)
Re: Infinity International - J Nisonger/CA
6/16/2006 1:17:54 PM (4866 views)
Re: Infinity International - Deborah Manion/VA
6/16/2006 3:16:53 PM (4909 views)
Re: Infinity International - Lisa Ramsey/TX
6/16/2006 3:20:34 PM (4928 views)
Re: Infinity International - Barbara Bennett/IN
6/16/2006 3:25:12 PM (4924 views)
Re: Infinity International - Lisa Ramsey/TX
6/17/2006 11:57:02 AM (4870 views)
Re: Infinity International - J Nisonger/CA
6/16/2006 10:59:30 PM (4908 views)
Re: Infinity International - Sandra Morton/KS
6/18/2006 10:35:59 PM (4913 views)
Re: Infinity International - Angelica Schneider/IN
6/19/2006 11:43:49 AM (4882 views)
Re: Infinity International - J Nisonger/CA
6/19/2006 1:16:54 PM (4721 views)
Re: Infinity International - Angelica Schneider/IN
6/19/2006 5:20:00 PM (4714 views)
Re: Infinity International - Mason Haas/NY
6/22/2006 7:05:44 PM (4746 views)
Re: Infinity International - J Nisonger/CA
6/23/2006 1:53:45 AM (4707 views)

[+] Black List for Bad Paying Companies - Scott Aduddell/MO (1 reply)
6/14/2006 11:26:52 AM (3604 views)

[+] Unpaid Invoices - Susan Nielsen/MN (1 reply)
6/14/2006 9:56:16 AM (3361 views)

[+] Zen Title - Candis Richter/NJ (8 replies)
6/13/2006 6:06:40 PM (3663 views)

[+] CNN Article RE: Online Docs - Jarrod Clabaugh/OH (3 replies)
6/13/2006 3:54:14 PM (4471 views)


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