I was told by a title company that having their own notaries in the field represented conflict of interest on a loan closing.
What’s the difference between having a notary ‘in the field’ and one in the office?
I don’t see this as any different than when an attorney sends their legal assistant/paralegal out to meet with clients - no conflict of interest
I DO see a conflict with a title company also owning/running a signing service, taking a closing fee at closing and also taking a cut of the SS fee
If you are full time staff you are in the office.
I am not a lawyer I am just telling you what I was told. By one of the largest in the country. That’s all.
Not necessarily true, but I won’t take this any further other than the example I previously posted.
Well my point was missed by all. I was referring to the people being Rons in the offices doing closings. Why would they need us in various locations.
Good morning @earl226 - you only said “10-20 notaries” - not RON. IMO an office would only need two to handle a days worth of signings - they don’t take that long. And you referring to RON notaries in office, you’re saying what I’ve been saying all along since RON took hold - it would be cheaper all around to have in-house RON notaries handle closings there than find a mobile notary (except for the instances of those who may not be able to handle the technology…i.e. the elderly). I know even here in the sticks the local title offices all have offer RON.
No question that RON will one day dominate in the industry, but by that time, I will either be retired or dead. I remember when I was a software engineer, and every change to a computer program had to be delivered to the end user via someone going out with a disc pack or magnetic tape and physically loading it onto their computer. Then modems came along, and it was like night and day. Then the Internet came along and it was a whole new ballgame. The point is that you cannot stop progress. Nor do you want to. Some things may take longer to fully implement than others, but they will eventually happen. In the end, everyone will agree that it’s for the better and would never want to return to the “good old days”.
My recommendation is that you go to Proof.com to gain a better understanding of the security behind RON, the industries that are already using electronic online notarizations, and the number of states already approving their notaries for RON use. The few states still not incorporating RON, California being the biggest, are in the process of getting there with their legislation. RON may or may not replace standard notarizations, but it is definitely becoming a more viable and preferred way of securely handling anyone’s notary needs. Finally, a RON signed document is currently accepted in every state, including California and the remains states who still haven’t approved their notaries for RON.
I hope this helps
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Yes that was what I was saying yes, RON in their offices.
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