Posted by RockyMO on 8/31/12 11:09am
Msg #432639

Typical fee now for edoc refis?

What is the average going rate that most notaries charge for a standard edoc refi?

Reply by Roger_OH on 8/31/12 11:46am
Msg #432646

See post #432520 from yesterday below... n/m

Reply by jba/fl on 8/31/12 11:51am
Msg #432649

$60-$200. The question you need to ask yourself is

What do I need to make a profit if I take a closing assignment.

Reply by Les_CO on 8/31/12 11:51am
Msg #432650

This has been discussed thousands of times. Your fees are set by you as an independent contractor. Do not charge less that your total costs involved. Do not work at a loss; get paid for your time and expertise, as well as your direct and indirect costs. It also depends on your area, a NSA in San Francisco, may lose money on a fee that a NSA in Lincoln Nebraska, can profit from. I believe many NSA’s today charge from $100 to $125 for a std e-doc refi, but no less than $100 per. Remember you are a necessary part of the process, and title companies are charging the borrowers more than ever for their/our service. Don’t get suckered into $50-$70 fees, no one gives the borrower a refund; they just keep what they don’t pay you. JMO

Reply by MW/VA on 8/31/12 3:40pm
Msg #432665

Don't know what your costs or demographics are in your area, but accepting less than $100 probably means you're going to lose money. Many of us set a flat fee, and some have to adjust theirs for distance of travel, etc.
Please say NO, NO, NO to the low-ballers who offer insulting fees.

Reply by FeliseSoCal on 8/31/12 5:17pm
Msg #432675

Agreed. No one should accept less than $100

But you can set your fees from there.