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What is the function of preferred notaries?
By Vic Hurlstorm | January 27, 2010
Settlement agents often need mobile notaries to witness customer signatures in the process of real estate transactions including escrow companies, title companies and attornies. There is a high demand for notaries from other sources like builders, lenders 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. Clients using a specialist notary rely on them to protect their reputations as a closing professional by looking after them at this stage of development.
Therefore it is important to dispatch only those notaries that will protect the reputation of the both the representative company and that of the client.
Beyond the basic notarisation ability, what do you look for in a notary to satisfy the signing needs of the customers?
The Preferred Notary knows her task 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 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 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. Normally the other professional are available to help to satisfy any of the client’s demands.
If you are looking for a reliable practitioner within the business, I would recommend searching in the phone directory under ‘solicitors sussex’, or ‘solicitors Crawley’ and choosing Bennett Griffin.
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