What is the function of preferred notaries?

March 9th, 2010 | Author: man

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.

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 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. 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 most important, therefore, to use only those notaries that will protect the reputations of the client and the company.

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 happy 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 evolved away from other services within the process like estate agent, lender, closer or attorney within the transaction process. Notaries bow to the wisdom of other professsionals when customers ask questions about legal implications, terms and effects of any document that is being signed. 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 business, I would recommend looking in the telephone directory under personal law, or ‘solicitors Crawley’ and selecting Bennett Griffin.

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