Mortgage Fraud is on the RISE!

I don’t think that listening to a talk on deed fraud is “dangerous.” I’m looking forward to it.

I see advice that skates into legal territory all the time. We aren’t lawyers or law enforcement. I assume that’s perhaps what you mean by taking on more than required.

As far as I can tell, the list of bullet points are only Bobby-CA’s suggestions, and only apply to some state which Bobby-CA did not write down.

  • Verify identities: in VT and many other states, only for notarial acts called out in the law. For example, wouldn’t apply to copy certification.
  • Maintain records: journals not required in VT or in many other states.
  • Apply their seal: Many states, including VT and NY, do not require seals.

These sometimes may be good practices, but are not universal duties.

I have been approached by several Realtors in my area asking why new signing agents are conducting point and sign closings. One realtor told me they were in the closing for 3 hours because the borrower would as a simple question, i.e., “when is my first payment due” and the signing agent called title for the answer. The answer is within the documents. I do not understand point and sign signing agents/notaries. All you are doing is putting yourself on the line for title companies to quit using you because you lack the knowledge and experience needed in this field

2 Likes

Simple reason – a lack of training.

1 Like

@mobilenotaryinohio :white_check_mark: Absolutely Accurate! :white_check_mark:


Simply LOVE how you posed your query & included the answer within your concise post. :tada: KUDOS! :balloon:


:swan:

I have had customers tell me I am thorough because they’ve had notaries who did not tell them anything about what they were signing. But the job is to ensure they know what they are signing. Point and sign is just lazy. Or trying to keep an appointment under an hour because they’ve been led to believe that’s as long as it’s supposed to be.

@csmallsnotary :white_check_mark:


:swan: