more than a couple of signings. I get calls all the time that people are owed $500, $1000, $2000 for signings they did as far back as 2013. Really? Wow, if you haven't been paid for a couple of signings, why would you keep working for these services?
Especially these days, when signing services are going belly up systematically. Even though new ones are trying to break through, it is never been more clear how fragile their relationships are with title/escrow, across the country, as the CFPB tightens the screws on lenders.
This is especially written for new notaries who are somehow flattered that they receive so many calls from companies who pay out 45 days and more, thinking receivables is a good thing...it is NOT! You may be left holding the bag.
It's going to be harder and harder for SSs to sustain themselves, trying to hawk low fees, when the market tightens up, and you don't want to be left holding a huge bag of uncollectible fees cuz the companies went under.
If a company has no business license, operates in a shell of a postal annex, has only a cell phone to operate with, they have no credibility, and they have less scruples about keeping the fee they collect from title/escrow.
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