Cari, I think it should be obvious that when you stick a third party into the middle of any transaction, that third party is going to suck up some of the profit. For that reason, I think Cheryl is right about what started the decline.
At some point, the TCs realized that they could eliminate the middleman and still pay the notary less than they were originally willing to pay, because the notaries were willing to accept less. For them, it's a big win - they used to pay the SS $200 for a notary who would accept $75, so now they can go direct to the notary and only pay $75. And the notaries are lining up to take those jobs. So you're right that the TCs are just as responsible, but they didn't lead the charge.
No SS is going to pay you what you think you're worth, unless they're able to get a lot more than that from the TC or lender - it's just part of being a third party. SOME TCs and lenders will pay your asking price because they understand the value you provide, but I have a feeling that the list is getting shorter. If you've got a stable of those who will do that, more power to you - guard it with your life and continue to nurture it. |
Messages in this Thread |
| True facts about n/m - Cheryl Elliott on 5/28/16 10:46pm |
| Re: True facts about - Cheryl Elliott on 5/28/16 10:47pm |
| Re: True facts about RE transactions, lending - Cheryl Elliott on 5/29/16 7:53am |
| Re: True facts about RE transactions, lending - Cari on 5/29/16 12:53pm |
| Re: True facts about RE transactions, lending - SteveS/CA on 5/29/16 2:16pm |
| "I agree that it's up to the individual NSA to stand up for - MW/VA on 5/29/16 2:58pm |
| Agree with you MW, everyone's fees have different standards - Cari on 5/29/16 6:29pm |
| Agree with MW/VA- there are some good SS's out there that - ananotary on 5/29/16 6:55pm |
| Agree with you Steve.. - Cari on 5/29/16 5:47pm |
| Working at Walmart better? not really - Cheryl Elliott on 5/30/16 8:43am |
| Cari- With the exception of Title Source, Service Link - ananotary on 5/29/16 5:04pm |
| Wouldn't it nice if everyone could get dialed in... - Cheryl Elliott on 5/29/16 5:40pm |
| Cheryl- Couldn't have said it better! I can't tell you how - ananotary on 5/29/16 6:37pm |
| Re: Cari- With the exception of Title Source, Service Link - Cari on 5/29/16 6:22pm |
| Actually, that was my post not Cheryl's - ananotary on 5/29/16 6:36pm |
| this is an endless debate... n/m - Cari on 5/29/16 6:45pm |
| Not really. I think you're the only one that sees it as a - ananotary on 5/29/16 6:50pm |
| LOL, you think? hat's scary that most on this forum - Cari on 5/29/16 6:55pm |
| That's what you got out of this whole thread? Goodness n/m - ananotary on 5/29/16 6:56pm |
| small detail, I know you know this, Ananotary - Cheryl Elliott on 5/29/16 6:57pm |
| Disagree with you Cheryl, the NSA fee is NOT necessarily - Cari on 5/30/16 8:53am |
| Doesn't matter if you don't agree with me. - Cheryl Elliott on 5/30/16 9:44am |
| Loan Originator greatly differs from being a notary public. n/m - Cari on 5/30/16 10:14am |
| for the record, please stop using this forum for your own - Cari on 5/30/16 9:45am |
| YES, MY LORD! - Cheryl Elliott on 5/30/16 10:57am |
| Cheryl, there is no hate here from me to anyone on NotRot - Cari on 5/31/16 11:08am |
| I agree - and well said! n/m - JanetK_CA on 5/30/16 2:55pm |
| Re: Cari- With the exception of Title Source, Service Link - MikeC/TX on 5/29/16 10:27pm |
| agree with you Mike... n/m - Cari on 5/30/16 4:18am |
| I think you nailed it, MikeC/TX! - JanetK_CA on 5/30/16 4:12pm |
| Re: True facts about RE transactions, lending - JanetK_CA on 5/30/16 4:40pm |