FAQ - Notary

• We wanted to make changes to the refinancing process. Market competition forced us to find a system that reduces costs while protecting the entire notarial community.
• It is the best-structured shared economy solution that allows all interested notaries to receive files while enabling financial institutions to achieve their objectives.
• The members are owners of the cooperative and decide on its management in the assembly, something no other business model allows.

• We met with the APNQ but we were unable to find common ground.
• The COOP is apolitical and can negotiate service agreements where the quality and service standards can constrain the members, which an association cannot do.

• The fees per deal are fixed and negotiated with the lenders, but the COOP’s structure reduces costs and allows notaries to decrease their own expenses by reducing the time spent on completing the file.
• OPCO Notaires inc. assumes professional responsibility towards the lenders.
• The methods of delivering financial and legal services are undergoing significant changes.
• The COOP is the best way to consolidate business volumes and safeguard them for notaries, allowing the public to maintain a local service. “Doing more with less.”
• The notaries will own the distribution tools, which will benefit them.

In each region, we met with notaries interested in the project, explained its ins and outs, and demonstrated the benefits of the COOP for notaries in the future.

• There will be those who understand that the technological world in which we live constantly requires us to think about new solutions to maintain our share of the real estate market; otherwise, other players will take our place.
• We must remain competitive in a modern world subject to technological changes, where all actors in the financial world are constantly trying to reduce costs.