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November 26, 2015

The Stolen Loan Package

Very rarely do we hear of loan packages getting stolen, but it does happen. One of my assistants was on the phone with a client who told her a horror story. Normally, we think that Fedex drop boxes are for dropping packages. However, if you read our blog article entitled, “Don’t Put the Fedex in the Drop Box” you will know better. Aparantly, the Notary put several packages in various drop boxes. Two made it where they were supposed to go while one got stolen. Someone got into one of the Fedex boxes and stole the contents. We heard that the combination for the drop boxes was the same for drop boxes in particular areas. I heard that after the theft happened, that unique combinations were created for all drop boxes on the same routes, etc. I cannot guarantee that I have my facts correct as this is all one big story I heard from someone — but, it’s an interesting and dramatic story.

Take your Fedexes to staffed locations if you value your career!

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10 Comments »

  1. I’ve had one of my loan packages stolen from a UPS drop box. I had to resign them, the next day. I asked the UPS driver for that drop box, and he said that that drop box has been broken into before. He said to drop off at USP store only. I even drove up to same drop box in Anaheim, and the bottom door (to be accessed by the driver only) was wide open, I parked their and called UPS CS, those now in India, just Said thank you! Wow. I just left the box open with someone elses overnight letter sitting in their. Drop all loan packages at Fedex & UPS centers only. I know it a pain, but it not worth the heart ache later.

    Comment by Bill — December 22, 2015 @ 3:48 pm

  2. According to Title Source 2% of their signed loan packages don’t make it back. That is 2 out of every 100 that disappears after being put in the drop box. If that is the case UPS should be working to fix the problem instead of notaries having to go out of their way to drop the documents.

    Comment by Margaret Quednau — December 23, 2015 @ 4:42 am

  3. Shame on any notary that does signings for $60. You are not making any money and not very smart!

    Comment by Margaret Quednau — December 23, 2015 @ 4:46 am

  4. Belive it or not at the beginning I was doing the refinance for $65.00 but very soon I realized it is wrong.I didn’t have any mentor and didn’t know anyone to work in this business (still don’t).I really need help for pricing.Any suggestion.

    Comment by Sima — December 29, 2015 @ 9:17 pm

  5. The only Fedex drop box I use is in front of the county Jail and sheriff’s office. Should be pretty secure there.

    Comment by Barbara Meyer — January 18, 2016 @ 10:29 pm

  6. Although I have never dropped any docs off to a box and always use the fedex or UPS store only, this is a very good thing to know. Thanks for posting.

    Comment by Rosalee Redmond-Talley — January 19, 2016 @ 12:07 am

  7. I always drop off at UPS store or at FedEx. That way I get a recipt for the loan package. Then I email the recipt to the company I am signing for. That way there is no question about package stolen. I have an app on my phone that is great. It is called tiny scan and it is well worth the 4.99 cost of app. I scan every recipt into my phone and keep it in my recipt file. You can also scam your docs in if you have to fax back part of the docs. You can try it for free, but as cheap as it is it is worth buying.

    Comment by Lyle Rose — March 14, 2016 @ 3:52 pm

  8. Interesting commentary . With reference to which , if someone is wanting to merge PDF files , my husband discovered notice here http://goo.gl/cc9eT5

    Comment by Loree Kitson — May 27, 2016 @ 9:13 am

  9. Fed ex is the best…if you have an account with them you just call in your pick up via the automated phone number and they pick up right at my house. When ever I have one. You can call in up till 5pm . Never have had a problem and I don’t have to drive anywhere to drop off… And best of all it’s FREE

    Comment by Sherry — July 28, 2016 @ 2:31 am

  10. FedEx will pick up from your home for free. Ups charges. Common knowledge about those boxes. They are not secure.

    Comment by Peggy Punday — October 25, 2017 @ 5:41 pm

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