What is the function of preferred notaries?
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 an accurate signature is required over distance and need the next day, time is crucial as the deal could be dependent on its success. 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.
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.
So, beyond the basic capability of notarisation, what do you look for to effectively satisfy any customers’ signing needs?
The role of the Preferred Notary is known well by those who practice it, who feel comfortable with its weight. It is important that the borrower perceives that the notary is a neutral party, outsourced by the estate agency. The notary signing agent is therefore the purpose of making sure the borrowers are properly identified and the loan documents are properly executed.
Over time the Preferred Notary has become accustomed to not playing the role of the lender, estate agent, attorney, closer, title insurer seller or any other part of the 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 looking for a reliable practitioner within the trade, I would recommend searching in the telephone book under notaries, or ‘solicitors Crawley’ and choosing Bennett Griffin.
Tags: business law, Notaries, personal law, solicitors Crawley, solicitors Sussex