Posted by evan76 on 4/6/05 2:02pm
Msg #29955

last minute signings (CA)

I have a question regarding last minute signings. At what point is it considered a "last minute signing" and the signing fees become negotiable (or can be increased)? For instance, I was contacted by a loan signing company yesterday and they told me the borrower prefers an early morning signing. I spoke to the borrower and told them that I will call in the morning to schedule a time (once I received the docs). They still haven't produced the edocs and I have spent most of my day waiting for them.

I was told that you can increase rates if it is last minute. Let me know if I was correctly informed.

Thanks

Reply by CarolynCO on 4/6/05 2:12pm
Msg #29963

For me, last minute is receiving e-docs 2 hours before the signing. After that, I can't guarantee the signing. If I'm reading your post correctly, they called last night and since the Borrower prefers morning, today is already out -- right? Have you passed the Borrower's *early morning* request onto the SS? I wouldn't waste anymore time today sitting and waiting for the e-docs, because it's highly possible you won't get them until later tonight or even early morning. Perhaps if you call the SS and tell them the signing is set for 7:00 a.m. or 8:00 a.m., that might get some action going. Just a thought.

Reply by evan76 on 4/6/05 2:41pm
Msg #29971

Thanks Carolyn. I did call the SS and they were the ones that informed me about the 10am morning appointment. I had to call the borrower and tell them we are still waiting for the docs to arrive. It looks like this will be the case of receiving the e-docs 2 hours before signing seeing that its close to 1pm PST.

I appreciate your guidance

Reply by Roger/OH on 4/6/05 7:10pm
Msg #30024

Evan, your fees are your own and you can do with them whatever you see fit in a given situation; you don't need anyone's permission.

Tell the ss you have a drop-dead time for the docs to arrive (depending upon distance, 2 hours is usually good), and that you have other people to see and can't be waiting around for the docs. If they can't meet the deadline, then they find someone else or their borrower goes to last on your appointment list; if you have to make an additional trip back to collect the
docs, charge for that as well.

Reply by evan76 on 4/8/05 12:58am
Msg #30326

thanks Roger for the advice. I am definitely going to take it for the next signing.. If I experience this predicament again.

Best,

Evan