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Re: Suggesting a change of thinking: time to add a
Posted by  JanetK_CA of CA on 2/20/19 4:45pm Msg #603643
"For the typical loan signing the fees we charge are less than if we multiplied the maximum per-act fee by the number of acts, but that might not always be the case."

Even here where we can charge $15 per signature, that's frequently not the case for me. Plus, for real estate related transactions, my fees aren't based at all on number of notarizations. I think you'd be right if just talking about GNW, but when we're doing a loan signing (or seller pkg), we're doing more than just notarizing. As you know, fees are nearly always quoted as a flat fee for the entire transaction, regardless of what's involved. Even if no documents are printed, we're still facilitating the signing, which involves lots of documents that don't need notarizing. And except in those states you referred to that restrict travel fees, going to their location is also not directly or exclusively related to completing a notarial act.

Further, providing a physical device and data stream to connect to access to the document(s), just like printing docs, is not an inherent part of completing a notarial act - so far, at least. Wink If a notary traveled to someone to do a GNW notarization, I'd assume the signers would be using their own equipment and data.

I believe this same kind of discussion has happened here several times in the past about printing. That's how I see it, at least. So I stand by my recommendation that we shouldn't reduce fees for e-signings just because there's no printing.
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Messages in this Thread
 Electronic closings in Iowa - Colonel/IA on 2/19/19 9:59am
 Re: Electronic closings in Iowa - Luckydog on 2/19/19 10:18am
 Electronic Closings Vs Hybrid Closings: Know The Difference - PegiT_MN on 2/20/19 12:08am
 Re: Electronic Closings Vs Hybrid Closings: Know The Difference -  VT_Syrup on 2/20/19 7:48am
 Re: Electronic Closings Vs Hybrid Closings: Know The Difference - Luckydog on 2/20/19 9:05am
 To Lucky Dog specifically -  Barb25 on 2/21/19 10:43am
 Re: To Lucky Dog specifically - Luckydog on 2/21/19 11:26am
 Re: Electronic Closings Vs Hybrid Closings: Know The Difference -  Barb25 on 2/21/19 10:35am
 Re: Electronic Closings Vs Hybrid Closings: Know The Difference - Linda_H/FL on 2/22/19 8:01am
 Re: Electronic Closings Vs Hybrid Closings: Know The Difference -  Barb25 on 2/22/19 9:12pm
 You might want to take a look at this. -  Barb25 on 2/22/19 9:25pm
 I would suggest you, yourself, read it again - Linda_H/FL on 2/23/19 6:05am
 And as to this statement - Linda_H/FL on 2/23/19 6:34am
 Re: Electronic Closings Vs Hybrid Closings: Know The Difference -  Barb25 on 2/21/19 10:28am
 Based on my experience with Amtrust e-signings a few -  MW/VA on 2/19/19 10:34am
 I have a Kindle Fire 8 and did not realize you could do - Colonel/IA on 2/19/19 11:46am
 I guess it would be a question of what brower the lender -  MW/VA on 2/19/19 4:59pm
 Suggesting a change of thinking: time to add a 'tech fee'! -  JanetK_CA on 2/19/19 4:33pm
 Re: Suggesting a change of thinking: time to add a - Luckydog on 2/19/19 4:43pm
 We can charge whatever we want, they just don't pay it in -  MW/VA on 2/19/19 5:01pm
 We can always push back & try to change their expectations -  JanetK_CA on 2/19/19 11:46pm
 Are they paying -  Barb25 on 2/21/19 11:00am
 Re: We can charge whatever we want, they just don -  Barb25 on 2/21/19 10:56am
 All I know is becoming e-capable would INCREASE my costs - Lee/AR on 2/19/19 8:11pm
 Re: All I know is becoming e-capable would INCREASE my costs -  Barb25 on 2/21/19 11:11am
 Re: Suggesting a change of thinking: time to add a -  VT_Syrup on 2/20/19 7:56am
 Re: Suggesting a change of thinking: time to add a -  JanetK_CA on 2/20/19 4:45pm



 
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