CD&C Newsletter

This Issue

·        Wells Fargo Reverse Mortgage Training for Notary Signing Agent

·        CD&C Announcement

• 2008 Notary Signing Agent Survey

• New Posts added to “Interesting Stuff Page”

• What's New?

• CD&C BLOG

• Classifieds

• Products & Services

Wells Fargo Reverse Mortgage Training for Notary Signing Agent

By Leon Austin

http://www.austin-notaryservices.com/

Email: leon@austin-notaryservices.com

What is a "reverse" mortgage? 

A reverse mortgage is exactly what its name implies — a loan whose features make it essentially the reverse of a traditional "forward" mortgage. Instead of making monthly payments, you can choose to receive them. That’s the “reverse” part of a reverse mortgage. Instead of turning your income into equity, you turn your equity into income.

Reverse mortgages are becoming increasingly more popular, and it's in the best interest of notary signing agents to learn as much as possible about these loans, and get experience closing them.

Notary signing agents can play a key role in reverse mortgages because, by having a notary signing agent do the closing, it enables the client to stay at home. This is especially beneficial for those borrowers who are not able to drive, are confined to a wheelchair, or for some other reason. The notary signing agent can bring the loan documents to the borrower's home, or wherever they choose to do the signing. I recently did a reverse mortgage closing at a Red Robin restaurant, because that is where the borrower wanted to do the signing.

There is another training option for notary signing agents. Bancserv is offering reverse mortgage training on its website. The PowerPoint presentation is very well put together. Notary signing agents who want to sign up can visit the Bancserv website. 

• To read the rest of the article by Leon Austin  click here.

• To view the Wells Fargo training click here.

• To sign up with Bancserv  click here.

CD&C Announcement

We would like to thank all who have renewed their subscription to our newsletter.  As promised, with a subscription to our newsletter, you are entitled to a free listing on our notary directory for a year after your renewal date.  If you haven’t sent us your directory listing, please email your listing information to (inbox@cdcnewsletter.com) 

Please keep in mind that we always welcome your opinions, suggestions and feedback concerning our newsletter and our website.  If you have anything you would like to contribute to our newsletters, please feel free to email us at (inbox@cdcnewsletter.com) and we will consider it. 

If you have a survey question you would like to ask our subscribers please email it to us at (inbox@cdcnewsletter.com).

If you wish to unsubscribe from our newsletter, please email us at  (inbox@cdcnewsletter.com).

CD&C Survey

Please visit our website to participate in our 2008 Notary Signing Agent Survey

We would appreciate if you would take a few minutes of your time to participate in our notary signing agent survey.  The answers will be posted on our websites and in our monthly newsletter.

Interesting Stuff

Our “Interesting Stuff" webpage consists of news, articles, tips, anything interesting targeted to the virtual independent contractors and freelancers.  Below are new posts added to our website.  Please visit our website on a regular basis for new posts.

• ALERT: Proposed RESPA Rules Threaten Notary Signing Agents

• NNA Trusted Enrollment Agent program

• I Just Fired My Virtual Assistant

• Bankruptcy Filings Up 38 Percent, With Big Boost in Chapter 7

• Law Firms Beef Up For Bankruptcy Work, the Hottest Growth Area

• Colorado paralegal charged for alleged bankruptcy services fraud in L.A.

• Paralegal Positions in Foreclosures Go Wild

What's New?

Coming soon! New Debt Collection Manual.

What do you think? Any ideas? Suggestions? Success stories? Insider secrets?  Drop us a line on our CD&C BLOG

Subscribers Feedback

What is your opinion?

What are your main concerns as an independent contractor/freelancer?

What topics would you like to see addressed in our Newsletter?

Send your letters/comments to the editor at

inbox@cdcnewsletter.com

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