Posted by busybnotary on 4/3/08 12:54pm
Msg #242005
A question for notaries that work for CMD out of California
I was wondering if you would share how much you charge CMD for their Countrywide loans? I took a signing from them on short notice and charged my standard fee but did not know that I would have to fax back so many pages, then copy an extra 30-40 pages on top of the printing of 100+ pages and then split the package all the while wasting time waiting for them to call me and approve me sending the package, plus 4 pages of ntoary instructions. They are a great company but I tend to consider whether or not it's worth it and I was wondering if I was charging the same as everyone else or if I underquoted. Especially since I see on the Settlement stmt. that they are getting paid $250 a loan.
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Reply by Calnotary on 4/3/08 1:04pm
Msg #242010
Re: A question for notaries that work for CMD out of Califor
What was the fee you got from them?
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Reply by busybnotary on 4/3/08 3:06pm
Msg #242061
Re: A question for notaries that work for CMD out of Califor
Calnotary can you email me privately and we can discuss? thx.
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Reply by UKCowboy_CA on 4/3/08 2:20pm
Msg #242045
They play games with you. They keep asking you to fax more documents until you have sent them the whole package. They also claim that certain dates are not clear then want you to return to the borrower and get them to correct them. It all a matter of them building a case so they have an excuse not to pay you. Getting paid is the next fight you'll have with these clowns.
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Reply by busybnotary on 4/3/08 3:06pm
Msg #242060
Thanks for the replies. To UKCowboy, is that what happened to you with CMD?
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Reply by Sylvia_FL on 4/3/08 3:19pm
Msg #242066
UKCowboy - just sent you a PM:) n/m
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Reply by Tish/CA on 4/3/08 3:40pm
Msg #242070
Don't agree with your characterization, Cowboy...
i've worked w/ CMD for a few years now and have never had problems collecting full payment. They pay within 30 days hassle free. Nobody likes faxbacks and if they're too much extra work, decline the job or hike up your fee. i also believe many SS ask for faxbacks from their new NSA's until they feel confident enough in the NSA's work to send off a loan pkg w/out double checking their work. Their reputation is on the line. Can't fault them for that.
just a thought...
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Reply by Les_CO on 4/3/08 4:06pm
Msg #242073
Re: Don't agree with your characterization, Cowboy...
Everybody HATES faxbacks! Including the SS's. It's just another step that they must do... but not get paid for. Blame the LENDER!!! They are the ones requiring it. The SS would like to set the appointment with the notary, and forget about it. Say: Title will contact you soon with all the info...send me an invoice sometime. Have a nice day!
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Reply by Lee/AR on 4/3/08 4:20pm
Msg #242078
Disagree on CWs...
Do 'em for many co's.... most don't require faxbacks or just a page or 2... HUD & invoice, but I recently had one that wanted 42 pages faxed back to a very pokey fax machine.
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Reply by JanetK_CA on 4/4/08 1:11am
Msg #242138
Re: Disagree on CWs...
I could be wrong, but I get the impression that it is just certain division of CW that require the mega fax-backs.
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Reply by Ndwa on 4/4/08 3:29am
Msg #242139
So right, Les!!!
Fax back is extra work, but necessary for the sake an $$'s livelihood. It's a $10K/mo. account gone versus a sorry "I screw up". Fax back is my only friend now. I do require a 10 pages fax back (disclose prior to sending confirmation) with approval to ship from the lender. I know it's unpleasant, but wish I'd done from the beginning.
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