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April 11, 2015

Point (17) The APR; Marcy Practices Explaining the APR

Marcy’s husband came into the room and said, “It sounds like a broken record in here, what are you doing?” Marcy, having grown up with CD’s couldn’t understand the analogy. Marcy informed him that she was practicing explaining the APR. But, that the definition was long and complicated, so she had to keep saying it over and over until it was natural. Then, tomorrow she planned to do the same thing. You get in practice, and you get out of practice just as easily, so Marcy decided to always be at the top of her game.

That night while they were sleeping, Marcy started talking in her sleep, “It doesn’t include closing costs… it is compounded annually.” If her husband hadn’t already been asleep, he wouldn’t fallen asleep from such a boring rant. Her husband was sleeping during this episode, but his subconscious heard everything and he started talking in his sleep saying, “Why can’t she just stay home and take care of Chuckie? snore…. snore… Chuckie…. snore…”

So, Marcy got to her next signing. They went through the documents. Then, she said, “Do you want me to tell you why your APR is higher than your Rate?” The borrower said, “Actually, our Lender already told us.” Marcy realized that her borrowers knew more than she did about loans. But, she didn’t regret practicing. It was one less thing to screw up on some future loan. At this point Marcy didn’t care how often she had to know something, she just didn’t want to screw up and lose her self-respect. It took about seven more signings until she had a borrower who was very confused. Marcy rattled off her definition of the APR and the borrower had to ask her to repeat it slowly. After a few tries the borrower kind of understood the inverse relationship of the equation and how some of the fees and closing costs were deducted. Marcy had memorized exactly which fees were included or excluded from the formula for calculating the APR and people were very impressed with her knowledge. A few asked her if she was an Escrow Agent.

Marcy was also smart by including a disclaimer in her speech stating that her explanation of the APR was a general one and wasn’t necessarily applicable to the borrower’s particular transaction in all ways.

The next thing you know the borrowers were asking Marcy for legal advice. Once again, Marcy played her cards correctly and told them that she was not an Attorney, and that she could not answer legal questions for them. Then, she suggested that they contact an Attorney. Another smart move. It looks like Marcy went from being clueless to being a very savvy and satisfied Notary in only a few weeks of hard knocks and studying. That night in her sleep, she went “z-z-z-z-z-z.”

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Point (17) The APR
The APR is one of the most frequently asked about loan terms that exists. Notaries and Mortgage Brokers almost always sound very poorly rehearsed when they explain this very basic concept. To avoid sounding unprofessional, try to memorize as much as you can about how the APR is calculated, and also try to rehearse a comprehensive definition of the APR so that you will appear knowledgeable to clients and to us when we test you!

Quick Facts

(1) The APR is documented on the Truth in Lending Disclosure.

(2) The APR is usually but not always higher than the Rate.

(3) Your definition for the APR should include the fact that it could include loan origination fees, closing costs, appraisal fees, inspection fees, points, escrow fees, notary fees, and other costs of the loan — those are some of the big ones.

(4) If you mention that the APR is often used to compare loans, you get points on the phone test.

(5) If you mention that the APR might be compounded, you get points.

(6) Several notaries have claimed that there is no government standard for computing the APR, it is up to each individual lender.

(7) You could also claim that the APR includes the interest rate, all fees and costs of the loan, and incorporates them all into a compounded Annual Percentage Rate.

(8) There are many ways to define the APR, the key is to mention all of the components in a clear and easy to understand way.

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When we ask notaries about the APR, the answers we get are very inconclusive such as:

“It included the fees”
“It is the cost of the loan”
“It has the interest and fees”
“It is different from the Rate because it is annual”

How unprofessional. If you are a professional signer, you need a professional definition.

A Mortgage Company’s definition of the APR
The Annual Percentage Rate (APR) is an interest rate that is different from the note Rate. It is commonly used to compare loan programs from different lending companies. The Federal Truth in Lending law requires that mortgage companies disclose the APR when they advertise a rate.The APR does NOT change or affect your your monthly payments. Your monthly payments are a function of the interest rate as well as the length of the loan. We provide calculators to calculate your monthly payment as well as your APR.

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Jeremy’s official definition of the APR
The APR is the relationship between the payments and the amount borrowed, minus the fees expressed as a compounded annual rate. This rate is often used to compare the different loans borrowers have to choose from. The APR is almost always higher than the Rate. The Rate, on the other hand, is a monthly percentage relationship between the payments and the total amount borrowed, including fees.

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Fees included in computing the APR:
Points (discount and origination points)
Pre-paid interest
Loan processing fees
Underwriting fees
Document preparation fees
PMI – Private Mortgage Insurance
Appraisal Fees
Credit Reporting Fees

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Fees not normally included when computing the APR
Title or Abstract Fees
Escrow Fees
Notary Fees
Home Inspection Fees
Transfer Taxes
Recording Fees

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Although my delightful sounding definition of the APR sounds very professional, there is no reason why you shouldn’t come up with your own, and practice it until you sound perfect. One objection that I have is that Notaries sound unrehearsed when talking about the APR even if they have signed 10,000 loans. If you are a professional, then sound professional!

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You might also like:

30 Point Course Table of Contents
http://blog.123notary.com/?cat=3442

30 Point Course (18-24) Technical Points
http://blog.123notary.com/?p=14492

How do you explain the APR to a non-borrowing spouse?
http://blog.123notary.com/?p=4455

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November 15, 2013

Common Mistakes with: 1003, Crossing out, RTC, TIL & APR

The problem with the signing agent industry is that education is simply not taken seriously. Newer signing agents will take a certification course somewhere, pass by the skin of their teeth, and then say, “I’m done learning”. The effect is that their brain turns off, and there is no more curiousity to learn or thirst for knowledge.

123notary offers a lot of information in the blog which is free, not to mention a plethora of signing courses and new testing systems that are currently being experimented with. Please take advantage of the information that is out there for best results.

Here are some common mistakes that are really dumb that newer signing agents do.

(1) Call the lender about the 1003
The 1003 is always wrong. It is not a final document by the way. The natural order of documents in terms of the finality of information starts with the 1003 which is an application. This application is typed up by minimum wage workers who systematically make mistakes, and the lenders as a group seem to think it is okay to make mistakes on loan documents for loans of half a million dollars. First of all it is NOT okay, secondly it upsets borrowers, and thirdly, it leaves signing agents in a perceived quandary. They think they need to call the lender if information in this document is wrong. This is the one document you can do cross outs on. It doesn’t matter. The next version of information about names and numbers would be the Good Faith Estimate. It is once again a preliminary document and just an estimate. The final document with numbers is the HUD-1 Settlement Statement. If there is an error here — then it is time to call the lender and perhaps even redraw the documents or just cancel the entire loan process

(2) Just cross out and initial
Many lenders have low standards. We live in a world where standards are pathetically low. Just because a handful, or more than a handful of the lenders you work with have low standards doesn’t mean that you should. There exists a concept called “Best Practices”, and that concept involves not making a mess unless you really are compelled to. If names are wrong on documents AND THE LENDER IS NOT AVAILABLE (which is the norm), you can initial under the last few letters of the last name. This is clean, and the processor can cross-out after the fact or do whatever they like. YOU are not compelled to cross out. Just leave a voice mail for the lender to let them know what you did and why. If there are errors on the notary certificates, once again crossing things out is unprofessional and messy. Keep in mind these are LEGAL documents and making a mess on a legally binding document seems very questionable at best. It is cleaner to get a loose acknowledgment, staple it and start fresh without the cross outs. So, when do you need to cross things out? On the right to cancel if you need to change dates, and there is no borrower copy with the dates left blank — THEN, and only then in my experience are you compelled to cross out the old date and write in a new date and have the borrowers initial

(3) RTC
Guess what. The day of the signing is NOT included in the (3) days to rescind. Many newer notaries don’t know this. The reach for their rescission calendar because they can not think on their own. Learn to calculate, learn to count, and learn to think. Learn when the Federal holidays happen and learn to calculate rescission dates when a signing happens right before a Federal holiday.

(4) TIL
Many signers think that there is detailed information about the prepayment penalty on the TIL. Wrong. The TIL states that you will, won’t, or might have a prepayment penalty. That is not what I consider detailed, that is merely a tidbit of information.

(5) APR
Few if any newer signing agents, or even experienced signing agents can discuss the APR and sound professional doing so. Learn and memorize a professional sounding definition of this figure so that when asked, you will be able to answer FLUENTLY, even in your sleep.

You might also like:

How do you explain the APR to a non-borrowing spouse?
http://blog.123notary.com/?p=4455

Minimum competency guide discusses RTC, APR, Journals & more
http://blog.123notary.com/?p=4337

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May 18, 2013

How do you explain the APR to a non-borrowing spouse?

I was talking to a notary on the East Coast. I was going to ask him a loan signing question, but then he retorted back a question in my direction before I could ask my question.

How do you explain the APR to a non-borrowing spouse?, he asked.

I gave him my routine mathematical definition of the APR and he was impressed. When he asked the question, I was thinking that this is a great question. It sounded like a trick question, but it actually is a very reasonable question. It suddenly occurred to me that the non-borrowing spouse is the epitome of a lay-person, and doesn’t understand complicated terms such as “amortized” or “finance charges”. If you have an MBA in Finance, you might not be the best person to explain an APR to someone’s wife. So, part of the genius of this question is that it tells you to use layperson language without telling you directly.

The other great aspect of this question is that it gives the opportunity to tangent goers to go off on a tangent — and they take this opportunity. I ask this question to many people, and 20% of the people go off on a very long explanation of what documents the non-borrowing spouse has to sign. But, that has nothing to do with the question. They didn’t LISTEN. This is a good listening and tangent going question. You learn very quickly who listens, and who can talk as well.

People notoriously leave out 90% of the meat of the answer when describing this confusing and diabolical term.

“It includes the fees”

Trust me, it includes a lot more than the fees.

“It reflects the cost of the loan”

Trust me, it also includes your interest as well as whatever the cost is.

“It’s usually higher than the rate”

Boy, are we being vague.

“It includes interest and fees”

Better, but very uneducated sounding.

Most answers to this question are either missing the target, or miss the main point of the APR.

The APR is a RATIO that is based on the payments relative to the total amount financed after: some of the finance charges, perhaps points, perhaps loan origination fees, PMI, and perhaps other fees have been deducted — and is reflected on a compounded annual rate.

I am not a lender and don’t know the “Real” definition. But, how the APR is calculated can vary from state to state, and from lender to lender. So, there is no absolute definition, but only definitions that are approximate. Unfortunately, the definitions I am hearing from the notaries are overly simplistic and generally just plain wrong!

You might also like:

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The Right to Cancel Done Wrong
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The 30 point course guide to the APR
http://blog.123notary.com/?p=14483

Common mistakes with the APR
http://blog.123notary.com/?p=4553

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January 29, 2022

My date with Jeremy

This article was originally published in 2013.

He was striking and utterly took my breath away–like a traffic accident. I couldn’t take my eyes off of him. He had deep, penetrating gray eyes that seemed to notice everything. His shirt was the color of numbers.

We got out of the car at the restaurant. He took the ticket stub the valet handed him and scrutinized the numbers. “These add up to 33, an excellent number for business,” Jeremy noted. “I hope my good fortune extends to this restaurant as well. Let’s go in and see what’s on the menu.”

The sign above the entrance said Le Jurat.

“How did you pick this restaurant?” I asked.

“I have an algorithm for restaurants,” Jeremy said, opening the door for me.

“How chivalrous!” I replied. I was in awe of him, and I didn’t know what else to say.

“I assess the restaurant according to reviews, how they answer the phone, and zip code… and then I try the food,” he explained. “I test the food before bringing a friend here. Sometimes the reviews don’t match the quality of the service provider. In my opinion, good reviews don’t necessarily translate to good service–but I don’t know if you subscribe to that opinion, Sealia.”

As we were being taken to our table, a woman with frizzed red hair like the bride of Frankenstein ran up to Jeremy, tapped him on the shoulder, and demanded–“My password! I need my password! I can’t get in to update my page!”

Jeremy looked her in the eye and said sternly, “I’m having dinner. I emailed you your password three times in the last few months. You need to request it by email. Not now.”

I wondered exactly what the woman was talking about…and whether this man ever had any time to himself.

The decor of Le Jurat was elegant, parchment beige with traces of pink and gold, and there was no waiting line, yet the restaurant was full–an amazing combination for a Saturday night in Los Angeles. On all the tables, a little sign next to the placemats read, “Customers who subscribe to our newsletter have sworn by us…” The music playing in the background was “I Swear” by John Michael Montgomery…

“When I was choosing restaurants,” Jeremy said slyly, “it was a choice between this place and a Christian Korean place called the Hyung Moon Temple where the signature dish was Stained Glass Noodles.”

I laughed. “So tell me about this business of yours,” I asked. “What exactly do you do for notaries?”

“I provide advertising, education, and entertainment for notaries–visit us on Facebook! I also use algorithms to assess the notaries’ performance and knowledge.”

“I didn’t know Al Gore had rhythm,” I smiled and nodded.

“I didn’t know he had rhythm, either.” His phone rang. “123notary, this is Jeremy” he stated automatically.

“It’s Vicki from Hyung Moon,” he said aloud; “Sorry, Vicki, I have to cancel…I will not be able to make it this evening. I wish to rescind.”

He hung up quietly and said, “I kind of double booked…”

He was just about to smile again when the phone rang–again.

“Hullo,” screeched a voice.

“123notary, this is Jeremy.”

“Are you a notorizor?”

“I used to be a notary but I’m not anymore. Please look on 123notary. I’m the site administrator. Please call a notary on the site. Have a nice night. Goodbye.”

Again the phone rang,
but this time, he glanced at the number and said, “I’m not going to answer now because I’m with you, but I’ll have to call them back in exactly one hour and 56 minutes. That will be the best time to speak with this person who wants to take a phone test. I remember their number and the exact time they said would be optimal to call. That gives us enough time to have our meal and a dessert…before we go to FedEx to finalize the date,” he said, focusing on a tiny spot on the tablecloth.

“FedEx?” I said. “Why FedEx?”

“That’s where my dates always end–at a FedEx drop box.”

We tried to catch the waiter’s attention. “Hey–the waiter didn’t even acknowledge us!” Jeremy quipped. “Do you think our waiter will personally appear before us? I would like to order the Soup du Jurat…and a Certified Angus Burger…I like this restaurant because it’s 24 hours…although they don’t answer the phone after 11…if you want late-night service you have to call before 11… ”

I decided on the Rack of Lamb. “Is that a dual rack or a single?” I asked the waiter, who had finally appeared.

“Well, technically it’s a single rack….but we put in a separator program…so the legal size chops can go on a legal-sized plate.”

“If I don’t like the entree, do I have the right to cancel?” Jeremy demanded.

Finally the waiter delivered the food–and not a minute too soon.

“This lamb is delicious!” I said.

Jeremy ate his certified burger. “This stuff is as good as Kobe beef!” he replied.

“So what is it really like running 123notary?” I asked.

“It’s like dealing with a series of situations that never end,” he said.

“So it’s like marriage,” I said.

“That’s a good analogy. Trying to get people to do what they’re supposed to is like separating ribs. I need people to answer their phone, or write their Notes. They don’t all do it.”

“So it’s like a cross between babysitting and marriage…”

“Another good analogy! We’re really on the same page here. Would you like to have dessert at Le Venue down the street?”

“I’d love to!”

“Waiter, would you bring our settlement statement? Was my appetizer amortized over the life of the dinner?”

The waiter brought the check.

“When is my first payment due?” asked Jeremy.

“In five minutes,” the waiter answered. “The term of your loan is 45 minutes–with no accrued interest. The final payment is due tonight as well.”

“Is my APR different from my rate?”

“They are the same–due to the fact that we are not adding finance charges to your transaction,” the waiter explained.

“I see your point.”

“There are no points– because points would be considered finance charges–and no origination fee,” concluded the waiter.

“This conversation is completely irrelevant, considering there is no security instrument,” said Jeremy.

The waiter returned with the credit card statement.

“What color ink would you like me to sign with, black or blue?”

“Either. Just as long as you are personally appearing before me, I can accept your signature…but I could give you an oath…because I saw you were raising your right hand as you were trying to hail me,” the waiter replied.

“Shall we leave?” I asked Jeremy.

“Let’s go,” he said.

We walked down the street to Le Venue, a Restaurant for Notaries, for dessert.

“What county are we in?” Jeremy asked the hostess.

“Why do you need to know?”

“You always need to know what county you’re in when you fill out a venue. You’re not a notary, are you?” Jeremy told the hostess.

“Is everyone here a notary?” he asked the waiter.

“Pretty much…except the hostess,” the waiter replied.

I noticed the placemats read, “State of California…”

We looked at the menu anyway, even though we were only there for dessert…and saw “Roast Seal with Ink.”

Jeremy considered the mousse for dessert…

“What county is the mousse from?” Jeremy asked.

“It’s not from a county, it’s from a province, sir” the waiter replied.

“Can we get an Alaskan mousse?” …

“How about this dessert made with oreo cookies– what a great raised seal they have!” I suggested.

“Does the seal on the embossed cookie have an expiration date?” Jeremy asked.

“It doesn’t expire until 2015,” the waiter attested.

“How about the analytics dessert? It’s a graph… It’s in the form of a pie graph…”

“Oh, I can’t eat a whole pie…” I said.

“Well, most of the pieces are missing…the anayltics weren’t very good…” Jeremy pointed out.

Jeremy got the mousse, and I asked for the Locus Sigilli Sundae.

“Today is Friday. Do you serve the sundae today–or only on Sundays and federal holidays?”

“We serve this sundae with the oreos every day, sir,” the waiter replied.

The food was perfect.

“I can’t finish my dessert,” I said. Can you finish it for me?” I asked.

“I think we have to get a power of attorney for me to finish your dessert,” Jeremy replied.

On the way out, he went up to the hostess and asked, “Can you validate us?”

“You’re a very nice person,” she told him, smiling.

“No, I mean stamp our parking receipt…Can I stamp it myself? I’m a notary; that’s my thing. Can I backdate it? We’ve been here quite a while…”

“No, sorry sir, we don’t allow that…”

“I enjoyed eating the date stamped on my oreos…” I said, wondering what to expect next.

“I enjoyed eating my mousse…but I would have enjoyed it more if the antlers hadn’t been crushed by the car that hit it in the dark, ” Jeremy laughed. “Can I take you home?” Jeremy asked softly.

“No….just drop me off at the FedEx drop box.”

Tweets:
(1) “Waiter, would you bring our settlement statement? Was my appetizer amortized over the life of the dinner?”
(2) The waiter brought the check. “When is my first payment due?” asked Jeremy.
(3) “Does the seal on the embossed oreo cookie have an expiration date?” Jeremy asked.
(4) The notary asked, “Can I get an Alaskan moose with Russian dressing. They’re our next door neighbors!”
(5) Running 123notary is more like babysitting than you think,
“Did you update your listing? Did you update your notes? Did you renew yet?”
(6) “FedEx?” I said. “Why FedEx?” “That’s where my dates always end–at a FedEx drop box.”
(7) Running 123notary is like a cross between babysitting & a marriage. A bunch of situations that never end!

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My 2nd date with Jeremy
http://blog.123notary.com/?p=7074

What are Jeremy’s favorite blog entries?
http://blog.123notary.com/?p=18837

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January 28, 2022

Bartender Notary: A reverse mortgage on the rocks!

Filed under: Humorous Posts,Popular on Twitter 2011 — Tags: , , — admin @ 11:54 pm

This was originally published in 2013.

Signing with the Bartender-Notary: Reverse Mortgage on the Rocks

The bartender notary knocks on the door. “Hi, I’m the bartender notary. I’m here to do your signing.”
“Sure, come right in,” says Joe the borrower.

They go to the dining room table to do the signing. The bartender notary looks around and says, “Hey, isn’t that a wet bar in the back of your living room?”
“Yes.”
“Would you mind if we sat over there?; I would feel much more comfortable sitting over there,” the bartender notary says.
Joe goes behind the bar and asks, “Where am I supposed to sit?”
“No, I’m the bartender so I go behind the bar. you sit on the stool on the other side,” the notary insists.

“Aren’t we gonna do the signing?” asks Joe.
The notary opens his briefcase and takes out a few flasks of non-alcoholic drinks, a tall glass, and a little umbrella. “I’m frustrated, because , when I go to signings, no one ever offers me a drink…maybe after half an hour they might offer me some tap water if I’m lucky…So I decided to turn the tables around…or the counters, as the case may be…and offer the signers a drink. I make my own orange-cranberry spritzer…would you like one of those…or would you like a virgin lemonade? I’ve got everything except ice.”

“Make me a strawberry lime spritzer…and can you muddle the fruits a little? Wait—” says Joe. “Aren’t we supposed to be doing a signing?”
“I’m the bartender notary; I talk bar talk. It’s my trademark to serve drinks and make smalltalk before we do the signing.”
“Ok, I’ll play along,” says Joe.

“How about those Dodgers, Joe? Who are they gonna trade?”
“Well, right now, I’m ready to trade notaries—if we don’t get started with the signing right away.”
“Ok, let’s do the signing,” the notary shrugs.
“Actually,” Joe says, “my reverse mortgage was on the rocks since the beginning of the application process, so I decided to go for a refinance– straight up.”

“Ok,” the notary says.“Your first document is a Deed of Trust. May I see some ID, sir?”
The borrower says, “What, I don’t look over 21?”
“Just a precaution, sir.”

The bartender notary opens his journal and begins to record the types of documents, the patron-borrower’s ID, and the types of drinks served at the signing.

The notary says, “This is your Deed of Trust. Your loan amount is right here; please initial all pages of the document and sign on the last page.”

They get to the Note; the notary says, “This is your Note. Your interest rate is 4.5%. The last loan I signed was an adjustable rate mortgage. I asked the borrower if he would like his interest rate shaken or stirred when the adjustment date comes in two years. He didn’t laugh. He didn’t think it was very funny. I’m lucky he didn’t trade me. Maybe it was how I said it…”

Then the notary asks, “So how’s the wife treating you?”
“Oh, I canned her years ago… I have a girlfriend,” says Joe.
“Do you think she will be in need of a bartender-notary anytime soon?”
“No she lives in an apartment. She won’t need to refinance anything in this lifetime.”

“So waddaya think–those interest rates—are they gonna go up or down?” asks the bartender notary.
“Oh, the Fed’s gotta keep it about the same—or you notaries will all be out of a job!”

“Next, we are going to look at the TIL. This is your Truth in Lending disclosure. Your APR is right here. So are we going into Iran? Whaddaya think the chances are that we invade Iran?”
Joe the signer looks at the TIL and says, “I’d give it about a 4.97%… Hey, I thought we’re not supposed to talk about politics at the signing?”
“That’s my trademark, I have to talk about politics because I’m the bartender notary… that’s what bartenders talk about. Would you like some bar snacks? We have peanuts, wasabi chips … Did you hear about LAX Vineyards new wine blend? It’s a cross between a cab, a merlot, and a shuttle. It’s very popular with bartenders. Did you hear about the wine documentary from Ireland? It’s called Cork Uncorked… There’s a special kind of wine for a signing… Did you hear about the Reverse Mortgage Cabernet? It’s rich in tannins and has two subtle notes…black cherry, and a hint of cocoa…and a smooth finish…assuming that we don’t have to call the lender.”

Joe asks, “What’s next?”
“The next document is your HUD.”

They go to the HUD. Joe the borrower asks, “Oh, so is my strawberry lime spritzer documented in the HUD?”
“Yeah, I think it’s right there under the termite inspection…Let’s just sign the rest of these documents; I have to close up soon…Last call,” says the notary.

They finish signing the rest of the documents.

The notary takes the borrower’s copy of the Deed of Trust and places it next to the signed Deed of Trust. Joe looks at it and says, “There are two Deeds of Trust. I’m seeing double. I thought that strawberry lime spritzer was non-alcoholic…”

“No! These are your borrower’s copies. Are you gonna be ok—or should I call you a cab?”
Joe: “I’m already home…I live here.”

Tweets:
(1) I’m frustrated because when I go to signings, nobody ever offers me a drink!
(2) Bartender notary prefers to do his signings sitting on stools near the wet-bar.
(3) I’m the bartender notary; I talk bar talk. It’s my trademark to serve drinks and make smalltalk before signing.”

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Compilation of Notary Stories
http://blog.123notary.com/?p=21898

Compilation of virtual comedy Notary articles
http://blog.123notary.com/?p=17693

Compilation of posts about Notary etiquette
http://blog.123notary.com/?p=20505

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January 3, 2022

Notary Reviews vs. Movie Reviews

Filed under: Humorous Posts — Tags: , , , — admin @ 8:03 pm

Originally published many years ago

Notary reviews vs. Movie reviews

Imagine what the world would be like if Notaries got reviews similar to movie reviews. The world would be a much more interesting place for one! But, would it get too zany?

(1) This notary gets two thumbs up!
(2) The notarization was good, but the popcorn needed more butter (sorry for the corny joke)
(3) It was a very awkward notarization because the person behind me had their feet on the back of my chair.
(4) Some reviews spoil the movie — read the spoiler alert.
(5) I didn’t like the ending to the signing. Too predictable.
(6) The guy in front of me wouldn’t take off his hat throughout the entire signing
(7) There was a lot of character development the minute we got to explaining the APR.
(8) The Notary gave an award winning performance.
(9) The actor who played the Notary was such a natural it would be an easy mistake to take him for a real Notary!
(10) The notary had to go back to his trailer so that “make up” could do some touch ups on his seal, because his seal was beginning to smudge.
(11) I hate it when people talk during the signing, especially during the critical parts.
(12) I wanted to bring a date to the signing, but I was the only one on the Deed of Trust.
(13) The notary dimmed the lights as I was reading the details on my Settlement Statement. Luckily I brought a flashlight!
(14) The suspense hit its apex when the Notary couldn’t reach the Lender by cell phone. I never expected that!

Coming attractions:
Refinance 2,
Debt Reduction Retainers — the sequel.
The Notary Games.

Tweets:
(1) This notary gets two thumbs up!
(2) It was a very awkward notarization because the person behind me had their feet on the back of my chair.
(3) Notary Reviews vs. Movie Reviews: I didn’t like the end of the signing — to predictable.
(4) I wanted to bring a date to the signing, but I was the only one on the Deed of Trust.

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November 14, 2021

The atmosphere of evil

Filed under: General Stories — admin @ 8:41 am

During the shutdowns, or more specifically from late 2019 until about early April 2021 there was an ominous and evil vibration in the atmosphere. I realize this is part of the Armageddon process and needs to happen. It is part of a global spiritual cleaning. But, the spiritual vibration in the air was really oppressive and got to me no matter how positive I tried to stay. I had many nightmares with vivid symbology about this Godless energy that seems to fuel communist thinking.

The worst dream was of a high rise where I was in the basement, and the walls were all concrete with high ceilings. It was very dreary and spartan. I went in the elevator and of the 12 floors we normally have in my building there were only two floors with buttons (the other floors were shut down), and those two floors were controlled by the government. This was a nightmare about society turning communist and evil. Fortunately, we got through this period only losing some of our local businesses. Most are still open and although business is slower than normal, they are surviving.

I feel that there was an evil consciousness, and it influenced the majority of Americans and people overseas to be fearful, evil and insane. I saw so many paranoid people clutching onto their facemasks with the thought that a tiny piece of cloth was the only thing that could save them from their worst nightmare — Covid!!!! So many atheist governors stripped their citizens of constitutional freedoms, all in the name of this stupid disease that God invented to torture the wicked. People who were normally okay became mean and pestilent. Covid brought out the worst in us — but I don’t believe it was the disease that did this — it was the evil consciousness. Whether or not this was the “antichrist” I am not sure, but it seemed to have a good control over non-believers or religious people who had no faith but valued belonging to a community of like minded pretenders.

I learned from my psychic and a Rabbi what was going on. Those people who are not honest live in a state of Sheker. It means lie or falsehood. But, people who are not honest with themselves, or perhaps not decent, live in a spiritual state where they will believe other people’s lives.

Sweden did not practice the use of face masks and their death rate per million was half of that of NY and similar to CA. However, people still believe this nonsense that facemasks save lives. This is a lie that people believe even though readily available numbers on worldometer show truth. When truth is staring us in the face, the majority prefers to live in delusion. It is mass insanity.

Why do so many people choose to live in terror and insanity? It is because they don’t believe in God or nature. Nature provided us with a good immune system. Nurturing your immune system with healthy foods, sunshine and social interaction makes it much more healthy which keeps you safe. Making yourself miserable locking yourself in your basement and wearing a facemask makes you depressed which lowers your immune system by 80% making you MORE susceptible to death from infectious diseases. Most people choose the option that superficially looks like it is keeping them “safe” while it actually is deadly. Being around these insane lunatics that think like this is very disturbing and also dangerous.

As the spiritual environment shifted in April 2021, politicians in many parts of the states started loosening restrictions and acting more reasonable. Even Biden got more reasonable about the whole border issue.

I used to think it was annoying that so many people are atheists, or lack true belief while claiming to be a God follower. After seeing how dangerous atheists can be to the rest of us — I see them as a threat to mankind.

Atheists not only are a bad influence on the rest of us — they shut down businesses, schools, and churches for very long periods of time. It has been more than a year since California students could go to school. Children don’t die of Covid in any significant way. How long will this insanity last and why do the parents tolerate this without daily protests across the state? The only conclusion that I can draw is that the lack of faith in God is dangerous and deadly. The fact that I am surrounded by faithless immoral people puts my life in tremendous peril. Yes, God protects me but I am not immune to group punishments and there is a limit to what he can do for me.

If religious people had fought to keep churches open, all of the prayer could have been a weapon against the evil forces in the atmosphere. But, these forces of the devil were what led to churches being closed down. But, the Christians and Jews did not stand up for God — they sat passively and took this oppression because they are not fervent believers. I get the feeling that nobody stands for anything these days except for wokism which is based on stupidity and self-deception.

I am happy that the 16 or so months of spiritual darkness is over and that the ominous vibration has lifted. However, I am reminded that Armageddon has started and the war will probably get out of control soon. I hope we survive relatively unscathed by this. Israel is having tremendous turmoil with the Jerusalem and Gaza crisis. How long before Iran and Russia get seriously involved and WW3 begins? Even if America survives, with the rest of the world probably blown to shreds, what will life be like.

On a brighter note, the Messiah has been born (I think), and will reveal himself in 2034 according to my guru. So if you can survive until then, the spiritual environment will be like heaven. The sky will be a richer shade of blue, the flowers a little more colorful, people a little more happy, etc.

The moral of this rambling essay is:
If you like spiritual light, pray more — it makes a huge difference not only for you but for the entire atmosphere. When God thinks you value him, miracles can happen.

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July 6, 2021

Notary kidnapped by borrowers

Filed under: General Stories — admin @ 3:09 am

I know, I know, I know. The borrowers like the Notary so much, they wouldn’t let him leave. That’s not what happened.

A guy goes to a signing like he always does. He sits down at the table, and has people sign the documents. The family was rude and used profanity when asking him who he was and what this was about. But, they signed the documents. Then, there was an issue about title, and with a foreclosure issue. The Notary told them that the Note was enough without having a Grant Deed, or QuitClaim to foreclose on the house. He attempted to leave the house, but the husband blocked the door, and the wife jumped on him from behind.

The Notary forced his way out the door. Basically, the family did NOT want him leaving with those documents. He explained that the documents were the property of the title company and not the borrower’s documents and that is why he needed to take them. I’m not sure it was worth it.

After the Notary was out the door and on his way to the car, the son of the couple came out of the house with a baseball bat. This family just isn’t kidding around. The Notary warned the kid that he had a gun and that the gun would be a lot more effective than a baseball bat.

The Notary drove away, and reported the issue to the Sheriff. The Sheriff asked if he wanted them to press charges and he said he just wanted law enforcement to give them a stern lecture since nobody was hurt.

So, when people ask, “Is the mobile notary profession a safe one?” The answer is, if there is a serious issue with the rate, APR, or with a foreclosure, it might not be. This is the second incident of violence against a Notary that I have heard of after serving 65,000 Notaries. It pays to confirm the signing by phone to see if the people are complete nutcases. That extra minute spent could save you some grief down the line.

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May 26, 2021

A therapist becomes a signing agent

Filed under: Humorous Posts — admin @ 6:33 am

Jeff the therapist gets tired of dealing with insurance companies, secretaries, and the daily hassle of being a psychotherapist and longs to become a Mobile Notary. However, he seems to have trouble transitioning into his new life.

JEFF: He, my name is Jeff Winkler and I am here to facilitate the signing of your refinance. Do you have any prior medical conditions I should know about?

SIGNER: No

JEFF: Are you on any medications that could complicate our signing?

SIGNER: Ummm. Lipitor

JEFF: Oh, is your cholesterol high?

SIGNER: No, because I take Lipitor. If I didn’t take Lipitor, then my cholesterol would be high.

JEFF: I understand. Do you ever hear voices?

SIGNER: I think we all hear voices. My wife is the only big voice that I hear.

THE WIFE: I heard that!

JEFF: Great, well here is the package. Can we sit at the dining room table?

SIGNER: Fine

JEFF: Will your insurance be covering the signing?

SIGNER: I think the Notary fees is listed on the TRID or the Settlement Statement. It’s $200 and out of that I’m sure they pay you at least $35.

JEFF: Yup, sounds like your insurance company covered it and is giving the service provider their usual 20% or so for doing 99% of the work. Let’s see…. Now, here is your rate and on this other document your APR. The APR is higher than the rate, how does that make you feel?

SIGNER: It’s supposed to be higher because it incorporates fees and closing costs into the percentage plus it’s compounded.

JEFF: Aren’t I supposed to explain that to you? Maybe you should be the signing agent.

SIGNER: Does that bother you?

JEFF: No, but it perplexes me. Perhaps you have been through this several times and know the drill. I’m still fresh out of medical school with Loan Signing Systems. I just got a degree in signing from them. Was your mother also a borrower?

SIGNER: We had a loan under my father’s name as a child.

JEFF: How did that make you feel?

SIGNER: I think that is pretty standard. I was not aware of my parents’ financial arrangements.

JEFF: So you had no feelings about that. Uh-huh. I’m taking notes. Do you feel comfortable signing the entire package?

SIGNER: I’m already 90% done.

JEFF: Yes, and on this document here, you need to sign with your middle initial.

SIGNER: Yes, I will… By the way… How does that make you feel?

JEFF: I feel a sense of completeness when you use that middle initial. Something I never felt as a child.

SIGNER: I’m afraid our time is up.

JEFF: Hey! I’m supposed to say that. You’ve taken over my job as a Signing Agent AND as a therapist.

SIGNER: How does that make you feel?

JEFF: It makes my life easier and it provides comic relief?

SIGNER: Great, next time you can lie on the couch during our session. I’m doing a construction loan and I’ll request you. I run a few businesses and we are always doing signings.

JEFF: Oh, perfect. Here’s my card. I also do Weddings and Bar-Mitzvahs

SIGNER: Mazel-Tov. See you next time. There’s a Fedex station around the corner on Wilshire. It’s open late.

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May 20, 2021

Flight Attendant & Notary

Filed under: Virtual Comedy Themes — admin @ 1:30 am

JESSIE: Hi, my name is Jessie, and I will be your flight attendant Notary for the evening.

SIGNER: Welcome Jessie. Please have a seat.

JESSIE: Tonight we will be flying to St. Louis International for a refinance. The captain will be getting ready for take off in about ten minutes.

SIGNER: But, aren’t we already in St. Louis?

JESSIE: If you want to get technical. We are going to stay in the city, but have a Notarial flight, so to speak.

SIGNER: And how long will the flight last?

JESSIE: 30 years with no prepayment penalty.

SIGNER: Do you have enough peanuts to last 30 years?

JESSIE: Well, the part of the flight where we will be up in the air will only last about 45 minutes. The emergency exits are to the left there where the front door is and there is another emergency exit through the back… I think… I mean is there one? Uh huh? I’ll take that for a yes. In the case of an emergency, I brought oxygen masks. The captain has turned off the “no signing” sign, so you are free to sign around the cabin, or the dining room table as the case may be.

SIGNER: Okay, so where do we start?

JESSIE: First of all I need to see your boarding pass and your ID.

SIGNER: Here it is, not sure what you mean by a boarding pass. And please sign my flight journal so that we know what date and time we took off and what we were signing.

JESSIE: In the unlikely event that we experience turbulence, you can press the “call the Lender” button to the left, and he will explain everything. I am a signing agent and can only answer very general questions, and not specific questions about the terms of your loan.

SIGNER: I need to use the bathroom. Am I free to move about the cabin?

JESSIE: Yes, the captain has turned off the wear seatbelt sign, so you may take off your seatbelt now and visit the latrine.

SIGNER: And where is the bathroom again?

JESSIE: Umm, I’m not sure, isn’t this your house?

SIGNER: I just wanted you to move your hands around like we were on a real flight. Oh, I’m getting altitude sickness.

JESSIE: Just don’t have an upheaval on the documents, unless its the borrower copies.

SIGNER: I just said that to see if you brought one of those little bags.

JESSIE: My bag was full, I brought seatbelts, oxygen, those little bags, mini bags of peanuts and almonds, and the mini-sized Coca Colas. Even Uber doesn’t offer all of that.

SIGNER: My APR seems to have experienced an increase in altitude, is that because it includes fees and certain closing costs?

JESSIE: Yes. Oh, and you previously requested a window seat, well one just opened up.

SIGNER: Okay, I’m done signing everything.

JESSIE: Super. Please put your seatbelt on, and now it is time for a smooth picture book landing. The weather in St. Louis is stormy, it’s raining harder than a cow peeing on a rock. Oh, I think I only use that one in Texas. What type of sayings do you have here in St. Louis?

SIGNER: We stick to Mark Twain references.

JESSIE: Okay, we have landed. The captain has turned off the seat belts required sign. You are free to exit the air bus.

SIGNER: Thanks, but I think you are the one who will be exiting.

JESSIE: Good point. Sometimes I get confused.

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