Notary Fee Basics

Notary Fee Basics
A notary public is often the person who notarized your loan documents.
As anyone who has ever done a mortgage knows, there is a mountain of paperwork that needs to be done.
This paperwork can include the lender’s loan note, riders, identification paperwork, disclosures, and any other lender or government required paperwork. This is usually because a real estate transaction is a complex process where lots of paperwork needs to be updated with the lender and the government.
The borrowers on the loan need to have proper identifications, and property should be transferred to the right parties. Mistakes here can cost enormous amounts of money in the future.
Notary fees are usually around $150, and many notaries will bring loan documents to your place of work or home to make the process easy.
What To Watch Out For
Make sure that the signing process is thorough. It is easy to miss a signature on a document. This will hold up the whole loan process.
The notary may not be experienced at doing mortgage signings. These can often be complicated. Someone who has experience doing this before is usually preferable.
The notary is often sent by the escrow company to complete the paperwork. Any additional corrections to the paperwork will usually also have to be done with a notary.
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