About Us
The National Mortgage Closers Association was founded to fill two growing needs. One is the growing need for mobile mortgage closers. The other is to increase the income made by notaries by adding new and more profitable services to their services portfolio.
The need for mobile mortgage closers is one that is growing due to the changes that are occurring in the title industry. It used to be that title companies made large profits from title insurance. With the subprime mortgage crisis, and higher than anticipated losses that resulted from diminished quality of underwriting, these profits have declined.
Without these profits, and with the tightening of the credit market in general, smaller title companies have not been able to stay open. So now there are fewer title companies closing loans, with fewer people working in their offices.
That means more opportunity for mobile mortgage closers. The title companies are looking for notaries who know how to handle the special requirements of closing mortgages.
But there are opportunities even for notaries who already close mortgages. There are new mortgage products and services you can add to your portfolio. An example of one of these is reverse mortgages. While reverse mortgages close similar to a regular mortgage, there are some unique requirements, plus working with seniors poses some special challenges. Mortgage and title companies need people who are specifically trained to handle these mortgages.
Our courseware is taught by veteran mortgage closers with as much as 25 years experience. We make extensive use of video and audio for quick learning, and we give notaries the certification they need to prove they are qualified to close mortgages.
We will also teach notaries how to market their services so they'll get more business. So with new services and more customers to serve, the results are more money in the pockets of our certified notaries.
