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Posted by  JanetK_CA on 8/19/18 2:43pm
I parted ways with them many years ago because of their low fees. Unless you're in an area where there are few signing agents, don't be surprised if you don't even get a response. If you are, and if they need you, then good for you! Stick to your guns!
When business volume slows to the point where it's taking a serious enough hit to a company's profit, most of them are going to look first to the easiest places to cut for quick, short term results, rather than what might seem to make sense for long term - i.e. promoting quality to maintain clients (by paying enough to hire experienced, professional NSAs), rather than trying to compete just on fees.
Unfortunately, 'stuff' tends to roll down hill. In downward cycles, fees start to play a more and more significant role with title co's competing for lender business, and lenders use fees to compete for borrowers. If it gets bad/slow enough, some companies (including title companies) will cut fees out of desperation. In fact, in the slowdown 10 years ago, there were numerous signing services AND title companies that ended up going out of business - including some very big players.
Hopefully, there will still always be some top players who will be able to keep to the high road. But it may be a bumpy ride, so tighten your seat belts, folks!
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