Posted by Les_CO on 2/16/09 6:35pm
Msg #277708
More thoughts on Messaage #277566
Since the borrower usually pays anywhere from $300 to $500 in Document Preparation fees. I think those getting paid to prepare the documents, including any changes, should actually “prepare” the docs, and NOT the Notary. I know I’ve missed many; maybe you members can contribute some?
I’m thinking of sending this back with my confirmation to some of these hand-holding SS.
Dear SS Please note!
The following fees will be added to my quoted fee, in the way of ‘fines’!!!
$25 if the borrowers only have one contact number, or the numbers are incorrect. (Unless the borrowers actually do only have one contact number.)
$25 if the borrowers address is incorrect.
$25 if the doc’s are sent after the scheduled appointment.
$25 If it is not possible to speak to the LO, or someone from Title, or the SS from the closing table.
$25 if the lender requires the non-borrowing spouse to sign any documents, and said documents do not have the NBS correct name typed in where appropriate.
$25 if in any notarized documents the borrowers names are not typed in correctly, where necessary, including the ’notarial block.’
$25 if the venue is incorrect in any document.
$100 if the signing is to be by a ‘Power of Attorney’ and the exact wording required by the lender, including the correct names of the AIF and the person granting said power, are not typed in correctly, where required.
$10 if there is no return label included in the package.
$25 if there are any ‘fax-backs’ required other than the signature page of the Note, DOT, TIL, RTC, HUD.
$50 if any required document (like the note/mortgage/DOT) is somehow not included in the package. Whether discovered by the notary while printing, or at the closing table.
$25 if there are corrected, or now approved, but changed documents, sent to the Notary less than one hour before the scheduled signing appointment.
$50 if these “corrected” documents are sent to the Notary after the scheduled signing appointment.
$5 if you require call-backs or fax-backs to a non toll-free number.
$5 if no one in this entire process has ever mentioned to the borrower that copies of their ID and SS Card will be required at signing.
$50 if no one has ever mentioned to the borrowers that the names on their ID’s must match the names on their documents to be signed.
NOTE:
By my acceptance of any signing assignment from you, or your company, you do hereby agree to the above terms, and further agree to never contact, or try and solicit business from any Lender, Title Company, Mortgage Broker, Bank, Credit Union, Signing Service, Realtor, Real Estate Company or Broker, Builder, Construction Company, Attorney, Law Firm, Company, or individual that I may have done business with in the past 20 years. EXCEPT: Feel free to contact any or the above that are now out of business, bankrupt, or in bankruptcy proceedings, or that are just deadbeats.
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