Special Report: New Standards For Mortgage Signings developed by executives from major lenders and title companies (LSI/LPS/FNF/CITI/BofA)

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Special Report: New Standards For Mortgage Signings developed by executives from major lenders and title companies (LSI/LPS/FNF/CITI/BofA)

Special Report: New Standards For Mortgage Signings developed by executives from major lenders and title companies (LSI/LPS/FNF/CITI/BofA)

What a freaking joke for the National Notary Association to even get involved with those who were involved in Robo-Signing and who couldn’t even follow simple standards that were already in place! This shares similarities to MERS and its shareholders.

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A special committee called the Signing Professionals Workgroup (SPW) comprised of executives from major lenders and title companies, developed the Standards“.

 

 

 

NNA-

The collapse of the housing market and numerous other crises have caused the government to significantly increase its scrutiny of the mortgage industry. This challenging new environment is forcing lenders, title companies, signing services and others in the mortgage origination world to take a hard look at how business is done.

Of all the people involved in originating mortgages, Notary Signing Agents received little attention. That is changing. In order to comply with federal mandates, lenders now recognize that the tens of thousands of Signing Agents who represent them at the signing table need to be better qualified.

As a result, leading lenders and title companies gathered to create the first set of recommended best-practice standards for Notaries handling loan signings. These standards are called the Certified Signing Specialist Standards and form the basis of a new designation for signing professionals: the Certified Signing Specialist. That is a Notary who has met all of the elements of the standards.

[NATIONAL NOTARY ASSOCIATION]

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2 Responses to “Special Report: New Standards For Mortgage Signings developed by executives from major lenders and title companies (LSI/LPS/FNF/CITI/BofA)”

  1. DolleyMadison says:

    Oh Great – now they can FORMALLY sanction fraud. NOw I feel so much better.

  2. David says:

    Really !!

    The SPW and NNA forgot to mention that the rank and file of the signing agent community DID NOT have any meaningful input in the “Standards” that this group developed. Also the NNA does not represent ALL notaries.

    So we need to ask — Whose standards were these, since the wider notary community was NOT involved.

    If you look at the membership requirements, you MUST be a member of NNA to joint this group and membership fee is $1,000.00 technically keeping the vast percent (99.99%) of notaries out of the standard setting process.

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