How can they set a max fee on a file without any room for negotiation? What if one "file" with one "escrow number" which would dictate one "max" notary fee of $150 be acceptable if there was a first and a second loan, for example? Or if it is a commercial loan with permanent, bridge and SBA financing loans, another good example.
This is not industry standard for loan signings across the board for direct signings. Although, there are times when certain fees have been disclosed and can't change (residential) without lots of moving parts being affected. However, there are many times when this does not apply.
I'm also interested in the IRS viewpoint of this setting of fees for independent contractors. |
