Posted by scnotary on 4/29/05 9:34am
Msg #34816

First and second Loans

I had a siging last night that had 2 loans first and second. The signing company didn't tell me about this. I found it out when we printed them. What is a fair extra charge for this?

Reply by Charm_AL on 4/29/05 9:39am
Msg #34818

I always ask during the call if it's a single or piggyback, I charge half my base fee to do the second. Sometimes the SS doesn't know. Call them and tell them it was a double loan and what your fee is for that.

Reply by Cherilyn in CO on 4/29/05 9:40am
Msg #34820

Heck Ya!

I would have called them before I walked out the door and made them send me a confirmation of the new amount.

This has happened to me many times. I always ask the scheduler what type of loan it is now.

Reply by scnotary on 4/29/05 9:47am
Msg #34821

Re: Heck Ya!

Thanks for ya'lls help!!

Reply by SarahBeth_CA on 4/29/05 9:47am
Msg #34822

I would have called them immediately on reciept of docs and let them know before going that there would be an additional fee and requested another confirmation before agreeing to do the job. That being said. This is what I would charge- full fee for first, half for second, double for e-docs, plus travel. So if this was one of those imfamous $50 companies, it would be $50 first, $25 second, $50 printing. For a total of $125. However hopefully it's not a $50 company. A good deal of ss's will agree and reconfirm, but there are those nickel and dimers that will try and say you agreed to the fee that's all your getting. So it is key to getting the confirmation prior to the signing.

Reply by ColleenCA on 4/29/05 10:02am
Msg #34827

This happened to me as well. SS said it was a simple refi. Received the docs. Not only was it a piggyback, but a HELOC application, and a transfer of ownership from ex wife to ex hubby and his new wife. Needless to say, I called SS back, told him my fee, he said he could only pay such and such amount, and I said, sorry no can do. I won't be working with that company again.

Reply by Big B on 4/29/05 10:15am
Msg #34832

Let us start naming the companies that are nickel & diming us. When they find they can't get signers to facilitate the loan, they will have to rethink their fees, or they will be losing their business!

Also, as a standard, may I suggest we no longer work for any company that pays less than $75.00? My time is worth it, my document accuracy is 100% and we have expenses as well. Let's stand united on this, and we will be able to get the fees to what we want. Personally, I do not take an Overnight Document Delivery job unless it pays $100.00, which, by the way, I do get! E-Mail docs are an additional $30.00, and I charge more when it is on a Saturday or Sunday because I do not typically work these days.

Reply by Charm_AL on 4/29/05 10:18am
Msg #34835

sounds good in theory...but

it'll never work, there will always be signers excepting $50. and $75. jobs to survive

Reply by Big B on 4/29/05 11:09am
Msg #34857

Re: sounds good in theory...but

The only way to make theory reality is to do it. Avoid being cynical. I agree, we might not get everyone, but the fact is that I now get my fee. Companies that would not use me in the past because of the fee use me now because they have had their experiences with those willing to work for less. No one else will respect you if you do not respect your self!

Reply by Charm_AL on 4/29/05 11:51am
Msg #34877

Re: sounds good in theory...but

I'm not cynical and I get my fee...I was simply stating a fact.
I agree with you about experience and getting what we are worth.

Reply by Big B on 4/29/05 10:06am
Msg #34829

First, a phone call to the company that hired you to let them know that you need to know special circumstances such as two loans prior to the closing. Second, be certain you charge them for a second download and borrowers copy. You name the price, not them! I usually charge $30.00 for this. The, charge them half of what you normally get for the first signing. I have always found this fair, and all the companies with whom I work find it fair and pay it as well.

Reply by adrock_fl on 4/29/05 11:16am
Msg #34863

Min $150 for both.....