Posted by sweetpea on 9/23/04 10:19pm
Msg #8758
Comments on ATM Corporation of America
I received a call today from ATM Corporation of America requesting that I sign with them for work in California. When I received the package it states that they pay $45.00 for the service. Any comments about this fee?
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Reply by Nd_WA on 9/23/04 10:36pm
Msg #8762
$45 pay is probably the reason why they are on the phone recruiting instead of notaries looking to sign-up with them.
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Reply by sweetpea on 9/23/04 10:39pm
Msg #8764
Thanks for the reply! I emailed them and stated that I would be happy to work with them if they amended the agreement to read $50.00. We'll see what happens! This is only a part time job for me - evenings and weekends.
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Reply by Joan Bergstrom on 9/23/04 11:28pm
Msg #8769
AtM is a $45. company who pays on time. The packages are usually pretty small. When I was new I worked for them everytime they called for $50. I now get $75.00 from them.
Let me explain: when I work for them I usually do one of two situations: I clean up a notary mess in Riverside/San Bernardino Counties, or its the end of the month and the're desperate.
When you hire notaries under $50.00 you are hiring "newbies."
If they call me and want a notary in my area and there isn't a "crisis" of some sort they never pay $75.
My reason for posting is: ATM will pay more under certain circumstances!!
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Reply by sweetpea on 9/24/04 12:13am
Msg #8777
I'm glad to know that they pay promptly. Maybe that's a good reason to accept a little less, but end up with more - work, that is!
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Reply by Joan Bergstrom on 9/24/04 12:43am
Msg #8780
I would not work for ATM for $45 and I don't think any Notary should sell themselves this"cheap"
ATM is one of the problem companies in our industry with their $45 loans.
Sweetpea: My point with posting ATM is they do pay on time, but you can get more money if they need you: end of month, fixing another notay screw-ups. etc.
I'm not attacking you in anyway and when I re-read my post it could be determined that I am recommending ATM for $45, and I am not.
Good luck! Hope this clears it up. Joan
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Reply by Loretta Reed on 9/24/04 7:14am
Msg #8792
I personally will not do a signing for $50, don't sell yourself short. They pay me $75 for a closing, no emergency necessary.
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Reply by sweetpea on 9/24/04 8:23am
Msg #8796
Even though I have been in the title insurance business for 13 years and a notary for 5 years, I am still fairly new as a notary signing agent. Will you give me examples of the notary screw ups you were speaking of, Jean? If you like you can email me directly at [e-mail address].
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Reply by sweetpea on 9/24/04 8:25am
Msg #8797
Finger slip, I'm sorry, Joan.
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Reply by Hampton/CA on 9/24/04 9:59am
Msg #8799
$100 fee
My last two signings for ATM were for $100. They offered $90 on one that I refused, and they met the $100. They will pay more when they need you. And they do pay very timely. The last signing I did for them, the check was postmarked before they even got the docs back.
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Reply by KG/NY on 9/24/04 9:17pm
Msg #8859
Hi Joan,
Would you please share the common mistakes by notaries that you are encountering. I have no problem doing a local "clean-up" for a good price.
Thanks, Kimberley : )
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Reply by Joan Bergstrom on 9/24/04 11:52pm
Msg #8866
The biggest "screw-up" is the notary who is hired by a $40-45 company gets a better paying job and never bothers to call the borrower (much less ATM or whatever company.) He/she just "blows them off."
I did one last month when a company called me in a panic mode and paid me $135 to get the signing done as the notary had blown this fellow of twice. If he didn't sign this day he was going to lose his lock and would have cost him $45,000 in extra interest and as he told me "I will sue."
2nd most common one is not signing/stamping the Deed of Trust and the notary not having been born with a brain will not go out and fix the mistake at his/her time and expense. They expect the title or signing company to pay for another trip.
We all make mistakes; fix them on your own time & your own dime!!
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Reply by sue on 9/25/04 7:45am
Msg #8871
the borrower losing his rate lock due to notary error is another signing agent misconception. if the notary screws up royally or doesn't show up at 8 p.m. and the lock expires at midnight the lender is going to buy down the interest rate. THE LENDER might come after the notary but there is no way the lender is going to have the borrower pay for their mistake. they might try, we've all seen redraw fees when the original terms were not as agreed but it wouldn't stick. I recently got 1/8% lower (big deal) on my interest rate because the lender wasn't ready to settle on the day they said (the appraisal was late). did they even take away the appraiser's business, no because she was the same lady that did my next appraisal a few weeks later.
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Reply by sue on 9/24/04 11:48pm
Msg #8865
no it's not a good reason to accept their work. this is a TITLE COMPANY. They used to pay $110 per loan and they are now down to $45. They also sell their 'system' to many direct lenders we used to receive $100+ for their loans and they are now $50 companies. ACCEPTING THE LOWER FEES HURTS EACH AND EVERY ONE OF US. THINK ABOUT THE BIG PICTURE AND NOT JUST A QUICK BUCK!!!!!!!!!!!
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Reply by Michigan Notary on 9/26/04 5:17pm
Msg #8899
I don't understand why so many are paying so little, especially since I have learned through experience that their rates are negotiated much higher. You are doing all of the work, and they are getting all of the money. Most signing companies charge $125 to $300 and only paying you $45 -$50 and usually they require you to fax many documents back to them to verify your work. As I tell those who call and want to pay this amount, I make more at my hourly job and cannot afford to do a signing for that amount. It is difficult to give up a signing, however, when you average the prep time, travel time, closing time, faxing time, etc., you are making less than $8 to $10 an hour.
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Reply by don oconnell on 9/26/04 10:54pm
Msg #8911
dont lower your standards... Arent you worth more than $45.00?
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