It was in my first year as a Realtor that I recognized the value of becoming a Notary Public. My original intention was to be able to close mobile home sales. Shortly there after I started closing on line loans (which lead to many new clients over the years).
To close online loans many lenders required I join The National Notary Association. The NNA has training and testing on how to be a Mobile Notary and being a loan closer. The NNA also requires a background check, E&O insurance, bonding, and more. The NNA has a substantial support system I love (not at all like NAR) and their magazine is a wealth of useful information.
In the latest issue is a little article on mortgage fraud I wish I could copy and paste here for you but to be on the safe side of not getting involved in copyright infringment. The title is FORGERIES TOP TRAIT IN MORTGAGE FRAUD and the information in it was provided by FANNIE Mae. What I do want want to share is what FANNIE Mae lists as the top 10 elements in mortgage fraud.
2) Liabilities Fraud
3) Occupancy Fraud
4) Income Fraud
5) Asset Fraud
6) Employment Fraud
7) Loss Mitgation Fraud
8) Identity Theft
9) Debt Elimination/Sovereign Citizen Fraud
10) Credit Fraud
As you can see a Notary Public should be the defence against the number one problem here and should also be the one to stop #8 as well.
If you are involved in a transation and you have questions about a signature/signer it may not be a bad idea to ask the Notary Public involved if they remember the signing, the ID provided, and if they can show you the Notaries log (it's public record and if they say anything else they are lying).
Real Estate fraud hurts us all and both the Real Estate Profession as well as the sanctity of the Notary Public office. Let's work together to end Real Estate fraud.