The Essential Role of Scan Backs in Real Estate Closings: Securing Fast Funding Approval
November 12, 2024In the mobile notary industry, every detail matters, especially when it comes to handling important real estate documents. One critical aspect that mobile notaries must adhere to is ensuring that closing documents are delivered promptly and securely. This means making every effort to perform same-day drop-offs at FedEx and UPS locations unless it’s simply impossible due to the closing finishing after the local cut-off time. Additionally, understanding proper document-handling practices can prevent costly delays, safeguard sensitive information, and create a reliable experience for clients. In this guide, we’ll break down the importance of same-day drop-offs, obtaining receipts, avoiding drop boxes, and adhering to the best practices for secure and timely document returns.
Why Same-Day Drop-Off Matters
In real estate transactions, time is of the essence. Delays can have a ripple effect on all parties involved, including buyers, sellers, lenders, and title companies. Same-day drop-off at FedEx or UPS ensures that documents are in transit as quickly as possible, minimizing the risk of closing delays. Here’s why same-day drop-off should be a top priority:
Client Satisfaction and Trust
Timely document returns reflect positively on the notary and their commitment to a seamless process. When a notary makes a same-day drop-off, it reassures clients that their documents are moving swiftly through the pipeline, which helps maintain trust and satisfaction.
Avoiding Closing Delays
Delays in returning documents can halt the closing process, especially in states with time-sensitive real estate markets. For instance, missing the cut-off time could delay funding, creating frustration for all parties involved. Prioritizing same-day drop-off can help reduce the risk of such delays and ensure the deal progresses smoothly.
Enhanced Reputation in the Industry
Notaries who consistently meet deadlines and provide reliable service build a strong reputation in the industry. Title companies and signing services are more likely to work with notaries who prioritize document security and promptness, which can lead to more referrals and business growth.
The Importance of Knowing Cut-Off Times
Each FedEx and UPS location has its own cut-off times, which dictate the latest time you can drop off a package for it to be shipped out that day. Notaries must be familiar with these times to ensure that documents make it onto the next available shipment.
Avoiding Unnecessary Delays
By understanding local cut-off times, notaries can plan ahead and avoid missed shipments. For example, if the local FedEx location has a 6:00 p.m. cut-off time, the notary knows they need to complete the signing and arrive at the location before this time to ensure same-day shipping.
Handling After-Hours Closings
Sometimes, a signing may end after the cut-off time, making it impossible to meet the same-day shipping goal. In these cases, clear communication with the client or signing service is essential. Informing them that the package will go out the next day keeps everyone informed and helps manage expectations.
Knowing Alternate Locations and Cut-Off Times
Some areas have multiple shipping locations with different cut-off times. Notaries who are aware of these alternate locations may be able to use them as a backup plan if their primary location’s cut-off time is missed. This flexibility can be invaluable, especially in time-sensitive situations.
Always Obtain a Receipt and Upload it to the Portal
Obtaining a receipt for every package is a best practice in the mobile notary industry. This simple step provides a record of the shipment and adds an extra layer of security to the transaction. Here’s why it’s crucial:
Proof of Drop-Off
A receipt serves as proof that the notary has indeed completed the drop-off. In the event of a lost package or any delay in transit, having a receipt allows the notary to demonstrate that they fulfilled their obligations and submitted the package on time.
Tracking Capabilities
The tracking number on the receipt enables all parties to monitor the package’s journey. This transparency helps prevent misunderstandings and allows clients to stay informed about the progress of their documents.
Portal Documentation
Many signing services require notaries to upload receipts to their portals for documentation. This step is essential for accurate record-keeping and can protect both the notary and client if issues arise later. A quick photo upload ensures that there is a clear record of when and where the package was dropped off.
Never Leave Packages in a Drop Box or Alternative Store
While drop boxes, Walgreens, and Dollar General locations may seem like convenient options, it’s best to avoid them whenever possible. Here’s why:
Increased Risk of Delays
Drop boxes and alternative locations often have less frequent pick-up schedules compared to official FedEx or UPS stores. Relying on these locations can result in slower shipping times, which can impact the closing process and cause unnecessary delays.
Reduced Security
Leaving documents in a drop box or non-official shipping location can increase the risk of lost or damaged packages. These locations typically have less secure handling practices than dedicated FedEx and UPS stores, making it harder to ensure that the documents are safe and on track.
Lack of Receipt
Most drop boxes and alternative locations do not provide receipts, which means there’s no proof of drop-off. This lack of documentation can be problematic if issues arise, as the notary would have no way to demonstrate that they completed their responsibilities.
Only as a Last Resort
If there is no feasible alternative and time is running out, using a drop box or alternative location may be necessary. However, this should only be done as a last resort. In such cases, make sure to notify the client or signing service and note the specific location where the package was dropped off.
Avoid Using Poly Plastic Bags for Document Returns
One often overlooked detail in document handling is the type of packaging used for returns. Polyplastic bags should be avoided for returning important closing documents due to several key reasons:
Risk of Damage
Poly bags offer limited protection against damage compared to sturdier options like cardboard envelopes. Documents can easily get bent, torn, or otherwise compromised during transit, especially if the package is subjected to rough handling.
Professional Presentation
The use of a secure, professional-grade envelope reflects positively on the notary’s attention to detail and commitment to quality service. It shows that the notary values the security and professionalism of the transaction, which is particularly important in high-stakes real estate transactions.
Preference for Secure Packaging
Cardboard envelopes provide much better protection for sensitive documents and are the preferred method for returning closing packages. These options help safeguard the contents, ensuring that the documents arrive in pristine condition.
Best Practices for Notaries
To summarize, following these best practices can help notaries provide reliable, efficient service:
1. Make Every Effort for Same-Day Drop-Off
Aim to drop off documents at FedEx or UPS on the same day whenever possible. If this is not feasible, communicate with the client to ensure they’re informed of the situation.
2. Know Local Cut-Off Times
Familiarize yourself with the latest pick-up times at your local FedEx and UPS locations to ensure you never miss a shipment. If possible, identify alternative locations with different cut-off times for added flexibility.
3. Always Obtain a Receipt
Never skip this step. The receipt serves as proof of drop-off, provides a tracking number, and allows you to upload documentation to the client’s portal.
4. Avoid Drop Boxes and Alternative Stores
Use official FedEx and UPS locations whenever possible. Drop boxes and alternative stores should be a last resort due to their less secure handling and lack of receipts.
5. Avoid Using Poly Bags
Use sturdy packaging to protect the documents and ensure they arrive in excellent condition. This professional touch reflects positively on you and your service.
By adhering to these guidelines, mobile notaries can ensure that they are providing top-tier service that meets industry standards and protects the interests of their clients.
Streamline Your Closings with Same-Day Document Drop-Offs
The Closing Signing Service understands that timely document handling is critical to every real estate transaction. With our dependable same-day drop-off services, we ensure that closing documents are delivered securely and on time.
Our professional approach supports notaries in providing efficient, reliable service that maintains the flow of the closing process without delays. We prioritize accuracy and client satisfaction, bringing confidence and peace of mind to every transaction.
Ready to streamline your closings with reliable, same-day drop-offs? Contact us today to learn more about our dedication to fast, effective notary services that help you meet your deadlines and keep your deals moving forward smoothly.