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. Others who regularly need the services of notaries are: lenders, builders and estate agents.

This small, but critical component of the real estate deal called the “loan document signing” is an art form commonly dismissed as a clerical formality.

When it is necessary to have documents signed from a distance and delivered the following day, time is critical and the whole deal could be in jeopardy. Customers of specialist notaries depend on them to uphold their reputations as closing professionals by representing them at this stage of the process.

Therefore it is important to dispatch only those notaries that will protect the reputation of the both the representative company and that of the client.

Therefore, past the basic capability of notarisation, what is there to consider to satisfy the signing needs of any customer?

The role of the Preferred Notary is understood well by those who practice it, who feel comfortable with its weight. The customer borrowing has to feel that the notaries are neutral in the whole process, and are drafted in as specialists by the controlling agency. The notary has the task of ensuring that the borrowers are identified properly and that all of the documents pertaining to the loan are executed correctly.

The Preferred Notary has learned not to play the role of the Estate Agent, Lender, Closer (Settlement Agent), Attorney, Title Insurer, Seller, or any other party to the transaction. They recognise the expertise of fellow professionals when customers ask details about terms, and the effect of the financial and legal aspects of any document they have been asked to sign. More often than not, the other professional is available to satisfy the borrower’s needs.

If you are searching for a reliable practitioner within the business, I would recommend looking in the telephone directory under personal law, or ‘solicitors Crawley’ and selecting Bennett Griffin.