closing: Sub-freezing weather, and the 70-year old man was wearing a t-shirt to the closing - 12/16/07 07:01 AM
With the wind chill factor it felt like 6 degrees outside. This is what it looked like in Pueblo West, Colorado on Saturday morning. Frigid cold and icy roads:The only top that he wore to his Reverse Mortgage closing was a t-shirt. No coat. No hat. No gloves. Is he crazy?No. … (1 comments)
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closing: Keeping the borrower informed - 11/26/07 11:07 AM
Closings that are delayed because of late loan documents are something that notary signing agents have come to accept. It's frustrating. Yes. But it's a situation that is, for the most part, out of our control. Nevertheless, there is something that we can control -- the amount of information that we … (3 comments)
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closing: always be closing - 11/08/07 07:51 AM
In the movie 'Glengarry Glen Ross', Alec Baldwin admonished his sales people to 'always be closing'.
It's a creed that many notary signing agents also follow. Especially those of us who do this full time and make a living at it. If you're not closing, you're not bringing in a paycheck.
That's … (4 comments)
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closing: Restaurant closings - 11/01/07 08:56 AM
Despite the downturn in the housing market, this is not, as the title seems to suggest, about restaurants that are going out of business. The restaurants in Colorado Springs, at least, are doing very well.
No, this is about mortgage loan closings.
One of the conveniences of having the closing done by … (5 comments)
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closing: Is there ever an excuse for negligence as a notary signing agent? - 10/09/07 01:36 PM
I think so.I did a closing yesterday at 5 p.m. Because it started at that time, there was probably no expectation from anyone that the documents would go out that evening and be delivered the next day. FedEx makes its last pick up at 6 p.m. I would have to complete … (0 comments)
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closing: Overnighted documents to the borrower: pros and cons - 10/09/07 09:37 AM
I got a call on Saturday from the borrower for whom I was scheduled to do the closing. She called to let me know that she received the loan documents. She had a chance to look at them and didn't agree with the loan terms. She let me know she … (0 comments)
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closing: Notary signing agents like doing things the hard way. - 09/16/07 05:17 AM
I had a closing last Thursday -- a purchase transaction -- at a Keller Williams realty company here in Colorado Springs. It was at 5:30 p.m. After the closing my responsibility is to drop off the loan documents, as soon as possible, so they can be delivered to the title company, … (5 comments)
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closing: If you want to be happier, don't expect anything. - 09/03/07 08:26 AM
One of the most important lessons I have learned in life is to never expect anything. If you don't expect anything, you won't be disappointed. And if you are never disappointed, you will be happier.
It really is true. We put too many conditions on things. "I love you. Do you love … (10 comments)
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closing: What to do to get an increase in your fee - 08/22/07 04:47 PM
I got a call today to do a closing tomorrow evening in Colorado Springs. I was on my bike, on my way to drop off some loan documents from a closing I did yesterday.
The caller said that the closing is in Colorado Springs, but Colorado Springs encompasses a very large … (3 comments)
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closing: Pack a meal. This closing could take a while. - 08/15/07 02:51 PM
I got a call this afternoon from a title company here in Colorado to do a closing this evening, and I already know that it is going to take a long time.
For one thing, it will be a long drive. It's in the town of Florence. According to Mapquest it takes … (4 comments)
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closing: Prepare for the closing: you never know who'll be there - 06/26/07 04:17 AM
I did a closing yesterday at a mortgage company in Woodland Park. It was my final closing for the day. The loan officer was there. She didn't say much the whole time as I went over each document with the borrower. But she was obviously tuned in to what was going … (2 comments)
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closing: Closing at the Air Force Academy: serving the men & women in blue - 06/24/07 07:33 AM
I got a call last week from a woman who needed someone to conduct the signing of her loan documents and notarize the signatures. She was unable to get around well because she injured her leg. It's one of the many reasons that I come to the borrowers to do their closings: to … (0 comments)
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closing: June is Colorado Bike Month. So I rode my bike to the closing. - 06/20/07 09:47 AM
Normally I go into a closing carrying a briefcase. For one of my closings yesterday, I was carrying bicycle panniers.
I enjoy cycling, and do it as often as possible. Not only is it a good form of exercise, it's also a good form of transportation. If I have an errand to … (4 comments)
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closing: The 4-hour closing: an exercise in patience - 06/17/07 11:33 AM
I had a closing scheduled for last Thursday at 6pm. Then the borrowers called and said they were stuck in traffic on the way home. I believe it. The highway is notorious for traffic jams. I waited at a nearby mall so that, when they finally did arrive at home, I … (1 comments)
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closing: The amount of paper in the loan process - 06/17/07 05:26 AM
In most cases the borrowers are very content with the way their loan has been handled. But there is one thing they all comment on. And in some cases complain about: the stack of papers.
It never fails. I open up my briefcase and pull out the loan documents. The first thing … (7 comments)
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closing: "Greed is good. Greed is right." - 06/15/07 07:49 PM
Those words are from the speech that Gordon Gekko gave at the Teldar Paper stockholder meeting in the movie, Wall Street. That attitude might be appropriate for Wall Street. But I don't believe it will work for notary signing agents and other real estate professionals. We all want to make a … (2 comments)
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closing: To ensure a smooth closing, it's a good idea to have a Plan B. - 06/11/07 11:27 AM
There are times when the loan documents for the closing will be sent directly to the borrower by overnight delivery. Normally this is not a problem, IF the documents arrive in time for the closing. This means that, whoever sent the documents to the borrower has to mark the package properly. There … (4 comments)
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closing: Non-borrowing spouse: closing procedures - 06/03/07 07:03 AM
When doing a closing in which there is a non-borrowing spouse, there are certain loan documents which he or she will be required to sign. The question for the notary signing agent is always: which ones?
Yes, we have a list of documents that we know are typically signed by the non-borrowing … (1 comments)
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closing: Getting ready for closing day - 04/29/07 09:59 AM
If your closing is being conducted by a notary signing agent, there is much that borrowers can do to prepare themselves to ensure that the closing will go more smoothly.
Have contact information for your loan officer: The first thing that borrowers must understand is that the notary signing agent does not … (5 comments)
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closing: How many closings should you do in a day? - 04/06/07 02:31 AM
When I first started as a notary signing agent I was influenced by the person who gave me my first closing assignment. She became my mentor. She had a motto, "Always Be Closing."And for a long time that was my goal -- to try to fit in as many closings in … (2 comments)
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