Jan
28
2010
Are notaries good value for money?
Author: realarSettlement Agents who close real estate transactions, such as Title Companies, Escrow Companies and Attorneys, often need mobile notaries to witness borrowers’ signatures on loan documents. Others who regularly need the services of notaries are: lenders, builders and estate agents.
This ‘loan document signing’ is considered an art form and, although only small, is a critical part of the deal that is often seen as a clerical formality.
When documents need to be accurately signed a great distance away and returned by the next day, time is of the essence and the deal is could be on the line. Customers of specialist notaries depend on them to uphold their reputations as closing professionals by representing them at this stage of the process.
It is therefore vital to use those notaries that will look after the reputation of the company that employs them, and that of the client being served.
Therefore, past the basic capability of notarisation, what is there to consider to satisfy the signing needs of any customer?
The role of the Preferred Notary is understood well by those who practice it, who feel comfortable with its weight. The customer borrowing has to feel that the notaries are neutral in the whole process, and are drafted in as specialists by the controlling agency. The signing agent, or notary, has the task of identifying the borrowers correctly and making sure that the execution of the loan documents proceeds without a problem.
The Preferred Notary role has developed away from other services within the process like estate agent, lender, closer or attorney within the transaction process. They defer to the expertise of the other professionals when borrowers ask about the terms, effects, financial and legal implications of the documents they are signing. The other professionals are normally available to help to sort the needs of any of the clients.
If you are searching for a reliable practitioner within the trade, I would recommend looking in the telephone directory under notaries, or ‘solicitors Crawley‘ and choosing Bennett Griffin.
Tags: business law, Notaries, personal law, solicitors Crawley, solicitors sussex