The actual cost of printing documents is not limited to toner, paper, machine cost (drum or actual replacement cost). The extra time to sign a large package should be factored in. Also the money saved from lender and closing agent is a factor. By not printing the package on paper and having to send the package by overnight delivery they are retaining the time and material and labor cost of having an employee do these things. The value established by title companies to download and print was anywhere between 20 to 30 dollars. One question I have is that why should a signing agent be required to accept less than that? The excuse I get from the agencies is that if the package is small I should charge less. That would be okay if, when the package is large, I get paid an extra premium. I like the idea of a standard fee based on a standard size package. If the packages are on the average larger, the service should require a larger payment to the notary. If the packages are mixed then apply the standard and it should even itself out between the large packages and the smaller ones. The actual fees paid by the borrower have not gone down as much as the amount received by the notary has. All of the nickel and diming of the notary's fee end up in the pocket of those who don't have the expenses. |