Fax Backs are a pain!
Notaries want to make easy money, and why not? Everybody else wants easy money too! But, the realities in the notary world are not fair. A handful of notaries walk off with unreal amounts of money for doing easy signings. Maybe they have a nice manner, or have experience? Maybe people swear by them? They are the lucky and the few, and they are not complaining about anything. But, for the rest of us, we have to hustle for our money. Some jobs involve putting up with cancellations. Other jobs are for companies that don’t always pay you, or string you along while you wait for payment. Some notaries end up with “Readers”, who are borrowers who read every letter of every word in every document and ask a total of about three dozen questions, call the lender three times, and take forever. But, these cases are mild compared to signings with fax backs. Fax back has become a dirty word in the signing agent business!
Commentary from notaries
I love reading forums and hearing what notaries have to say. One notary says, “I don’t usually do these fax back signings”. Another notary states that after downloading, printing, driving, coordinating, and signing, its just not worth it to do fax back jobs for $60.
Why do companies require fax backs?
After running a Facebook profile for over a year, and a Forum for years, I realize that some notaries really know their stuff well, while the majority really do not even know what they are supposed to explain to the borrower, and what to refer to the lender. Most notaries do not know what a “Document Date” is, or how to distinguish it from a document creation date. A few, can not even distinguish it from a signing date or notarization date. Even if a notary is certified by NNA or 123notary, it doesn’t guarantee that they know their stuff. Our certification allows two wrong, and if one of the questions you got wrong was regarding what you can tell the borrower, then you could cause a lot of trouble. The simple fact is that something like half of the mobile notaries out there do not know what they are doing, have not been trained, and need to get educated fast.
The companies requiring fax backs hire inexperienced notaries
To safeguard their loans from inexperienced notaries, the companies requiring fax backs read the faxes to see if documents were notarized correctly and signed correctly, so that they can have another notary go out and take care of business if there is a problem. And, there could be more problems than you might think. For the notaries who do know what they are doing, they feel insulted being required to do fax backs. Its a waste of time and an insult to their intelligence, right? Experienced notaries should work for outfits that make it a practice to work with experienced notaries and stay away from this type of babysitting job!
(1) Why do so many companies require fax backs? It is because notaries often miss things which could ruin a loan!
(2) Companies requiring fax backs generally hire inexperienced notaries.
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