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January 4, 2021

Many Notaries avoid Reverse & Debt Signings.

Filed under: Marketing Articles — admin @ 1:08 pm

I have to call thousands of Notaries to get their notes sections filled out. The newer Notaries typically have less experience doing Reverse Mortgages, Debt Consolidations, and Debt Settlements. Half of the people who are experienced at these types of signing say they don’t want to do them or list them.

It is true that Reverse Signings and Debt Signings take longer, and that dealing with older folks can be a trying experience getting through 200 pages when they can barely see anything. If you are not patient, you might not last. Some Notaries think that Debt Resolutions or Debt Settlements are corrupt and a rip off. That is NOT for you to decide. Personally, I feel that debt in general spins our economy into extreme imbalances and can lead to financial slavery, ruined economies, etc. Perhaps that is why Jesus forbade it. Usury, gambling, sorcery — these things all lead to disastrous results. But, let he who has not sinned (or in our business — rescinded) throw the first stone.

BTW, I believe that medical marijuana and prescription drugs qualify as sorcery and look — all of America is addicted and controlled by big pharma as a result. Read the old testament and see what they say about sorcery. It is forbidden. So don’t take that aspirin. Natural herbs only. Marijuana by the way is no longer natural — it has been doctored and genetically modified at a lab — hence the term sorcery.

I feel that if you are a mobile Notary, charge for your time, work, and grief. If a particular type of signing or company is hard to deal with, charge accordingly. If you charge $80 for a regular Refinances, but think Reverse Mortgages are a pain, charge $150 or $200. You might not get it, but you might and that change will look good in your pocket. Many will pay because the other Notaries typically either don’t want to do this type of signing or also charge more. So, be practical and realistic and rake it in. Business is good now, so don’t take that for granted because it might slow down eventually, but probably not soon.

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2 Comments »

  1. Both the Rev. Mtg. Application & Final are usually quite large packages and, as the signers are older people, some can be quite slow with signing a LOT of pages. With the Application, you usually have to collect a bunch of documents from the Borrower & return them with the package. Often they want a scanback, too. I have found, tho’, that IF you set it up properly (tell them to have the ‘collected docs’ ready—they know what it needed), they can go almost as quickly as a large refi because they’ve been brought up to speed by the LO (if s/hes GOOD–& MOST ARE).

    The ‘Debt relief’ are a whole ‘nother animal. If I had to describe them in one word, it would be SCAM. Many want you to tell them you ‘represent’ the Co., or are a paralegal, or read a script. IMO, they are NOT a good deal. But, I’d be the only ‘faqce’ on this transaction. So, NO Way do I do these. Yes, I did one, but never again!

    Comment by Ardel Richter — January 5, 2021 @ 2:53 pm

  2. typo: only ‘face’ on this transaction…

    Comment by Ardel Richter — January 5, 2021 @ 2:54 pm

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