Posted by Forest Sisemore on 6/2/04 8:10pm
Msg #2613

Nations Direct?

what about these guys? Are they reputable? Need to know now! thanks!

Reply by Kim on 6/3/04 12:31am
Msg #2622

Hi Forest,

I'm waiting for payment from an April signing and all that I hear from them is that the check is in the mail. They claim that the check was mailed on May 24th, but considering that I live a few cities over from their office, it is very doubtfu that is the truth. Prior to this episode, I would have recommended them based on my previous experience from a few years ago. According to another message board, they only offer $40-$50 signings, although the one I did in April was for more than that. I definitely do not think they are a reputable company anymore. Hope that helps.

Kim

Reply by Carolanne_PA on 6/3/04 5:47am
Msg #2623

They called me the other day with a job in a town fifteen miles from my location. They asked if $40 would be alright. I said definitely not and quoted my price. They said I was their first call and they needed to check around. They call back a few minutes later and say its a small package, could you do it for $40. I refused. They called back again and said what if it is a small package and going to the borrower. I refused. They call back and say what if it is a small package, going to the borrower, the borrower already has it signed by the time you get there, and the borrower ships it themselves. I told them they really needed to call someone else.

Reply by Forest Sisemore on 6/3/04 10:21am
Msg #2636

Thanks for the feedback. They offered me a signing 25 miles away last night at the last minute with e-docs and only wanted to pay $65. $40 to sign + $25 for e-docs. I've never come across a Co that only pays $40 to sign a loan package. Told 'em my fee is $65 for signing + $30 for e-docs, I normaly charge $70 to sign but figured I'd offer $5 less. They didn't call back. What nerve! $50 is a slap in the face but $40 is hitting below the belt. Any notary who accepts such an offer deserves to go out of business. Trouble is they'll take others with them. Stand up for yourself and the profession and never accept less than $65 for a loan signing!

Reply by Carolanne_PA on 6/3/04 11:20am
Msg #2645

There actually are a few companies out there that only offer $40 per signing. What concerns me about these companies is if they are reducing fees do they have enough in reserves to cover their month to month operating expenses. If they end up in bankruptcy I don't believe we will be paid for our services.

Reply by Forest Sisemore on 6/3/04 11:52am
Msg #2649

Yeah, that's one more good reason to avoid these cheap @#&! Co's. By the way, asking you to take a job where the principal has already signed is against the law. The principals must sign in the presence of a notary public. To ask a notary to break the law is itself a violation of the law. Tells ya something about the kind of people running Nations Direct....

Reply by Dennis D Broadbooks on 6/3/04 12:50pm
Msg #2652

It MAY Not be Breaking the Law...

...if it's an acknowledgment certificate the Notary is completing. You didn't say what state you're in, but I believe it to be true in all 50 states that an acknowledgment situation does NOT require the signature on the document to be performed in front of the Notary. All the signer has to do is "acknowledge" that the signature on the document is theirs. The signature could have been affixed to the document 10 years ago. A jurat on the other hand DOES require the signer to sign in front of the Notary. If your state's Notary laws are different than this I'll be glad to stand corrected. There's also the possibility I'm misreading your statement about "the principal has already signed" & in the same vein please feel free to clarify if I'm making a wrong assumption.

Reply by Carolanne_PA on 6/3/04 1:17pm
Msg #2655

In Pa. a jurat must be siged in the presence of the notary, but an acknowledgement doesn't. I would like to give them the benefit of the doubt. I don't believe they were asking for an illegal act to be committed, just the cheapest way to get the job done.