What do preferred notaries do?
Settlement agents often need mobile notaries to witness customer signatures in the process of real estate transactions including escrow companies, title companies and attornies. Others who regularly need the services of notaries are: lenders, builders and estate agents.
Although only seen sometimes as a ‘clerical formality’, this small and critical component of the deal known as the ‘loan document signing’ is in truth an art form.
When it is necessary to have documents signed from a distance and delivered the following day, time is critical and the whole deal could be in jeopardy. Specialist notaries as closing professionals are depended upon by customers needing to protect their reputations at this point in the deal.
It is most important, therefore, to use only those notaries that will protect the reputations of the client and the company.
Therefore, past the basic capability of notarisation, what is there to consider to satisfy the signing needs of any customer?
The Preferred Notary knows his role and is comfortable with it. They must be able to convey to the borrower that they are a neutral party, hired by an agency. The notary has the task of ensuring that the borrowers are identified properly and that all of the documents pertaining to the loan are executed correctly.
Over time the Preferred Notary has become accustomed to not playing the role of the lender, estate agent, attorney, closer, title insurer seller or any other part of the process. They recognise the expertise of fellow professionals when customers ask details about terms, and the effect of the financial and legal aspects of any document they have been asked to sign. The other professionals are normally available to help to sort the needs of any of the clients.
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