Using Marian's numbers, here's a simple, but graphic illustration of this point, just by way of example:
Notary A does 5 signings in a day @ $75 each, grossing $375.
Notary B does 3 signings in a day @ $125 each, grossing $375
If we deduct $50 per signing from Notary A's revenue, her net is $125.
If we deduct $50 per signing from Notary B's revenue, her net is $225 - $100 more profit for doing only 2/3 of the work!
Naturally, this is an oversimplification, but which option makes more sense to you?!! Personally, I choose to be in the $125 min (for refi's) camp. (BTW, that does require being a professional and knowing your craft!)
Sadly, there will always be other factors that people will use to justify different models (and some of them may have some validity in some circumstances), and we'll never get everyone to agree. BUT I believe it's important to at least understand what you may be giving up if you're snatching up the lowball assignments that come in by email. You'll have your calendar booked and won't be available for the often easier, better paying assignments...
Something to think about! [Actually, I may be shooting myself in the foot with this post, but I'd rather have it be difficult for lowball companies to find people who will work for cheap so that they'll either have to raise their fees or let the business go to a better run company.]
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