Posted by sragland on 12/10/05 9:35pm
Msg #81788

Fav T/C and Signing companies?

I am new to signing (about 6 wks) and, yes I admit to signing for one $40, only because I am just breaking into this and trying to get started with some of these companies. Now that I am reading the forums, I am learning the prices a little better and quite frankly amazed on the volume that some companies send through e-docs!

Are there some favorite companies out there and some that are just really taboo?

sragland in Arkansas

Reply by Jenny_CA on 12/10/05 9:44pm
Msg #81789

You might want to use the search button and search this site as well as other forums for " No no list", bad companies and so forth.

Reply by LawrenceOK on 12/11/05 8:55am
Msg #81811

A little advice that all new signing agents should remember. Once you start doing $40 or $50 dollar signings, you will be locked into many of the SS's databases as those being your base fee. DO NOT accept $40 fees just because you are new. Until you gain more experience you will be ok doing local overnight signings for $50. I would also advise you not to even attempt to market yourself to title companies until you have a minimum of 2 yrs experience. They are not as forgiving as some SS's are. jmo

Reply by Teddog_CO on 12/11/05 10:01am
Msg #81845

Agree with Lawrence. Be very carefull who you work for Lawrence is correct don't do anything for $40 or that's where you will stay. Establish your base fee now, it will save you a lot of problems later.

Search all the boards and NNA for SS for work.


Good Luck!

Teddog

Reply by Dorothy_MI on 12/12/05 11:30am
Msg #81932

With only 6 weeks experience, I can not stress strongly enough that you don't even think about title companies at this point. Contintue reading EVERYTHING on this board and concentrate on signing up with as many signing services as you can - 200 - 300 (yes there really are that many). Set your fees and when they call you give them your fees. Decide just how far you are willing to travel for $50 (not very far), $60 (a little farther) and so on. Don't just go on the mileage, but on the driving time. For example I do signings in one town that's 17 - 18 miles away and can make usually in about 30 minutes. Have another town same distance that because of the land configuration, heavy traffic, etc. takes 45 minutes in non rush hour traffic (one hour or more at 5:30). While you are getting experience you will also be developing negotiating skills. When you get AT LEAST 100 signing experiences for many different kinds of loans from many different lenders (100 signings of the same type of loan and the same lender is one experience times 100 - not 100 experiences) then and only then start to seek work from title companies. Your negotiating skill will really come into play when dealing with title companies.

Most people on this board will be unwilling to give you a list of their favorite companies. Just remember that even though you are in Arkansas and I'm in Michigan, if I publish my list for you I've also published it for all of my local competition that read this board.

Reply by sragland on 12/15/05 1:22am
Msg #82669

Thanks Dorothy for all your help. I used to work for a title company many years ago but as an abstractor not a closing agent. I have been a notary for well over 20 years. I have also been working as a legal assistant in the real estate field for the last 10 years. All of that has helped with these closings. I understand what you are saying about the different types of closings. I have done everything from a navel closing to an H & R Block closing. I have only accepted one job at $40.00. Of course e-docs and fax fees were on top of that. Plus it was real close to my work. I am of course learning to keep my mileage for taxes and all that fun stuff. Back to the main issue, I really am just trying to keep away from the companies that don't pay or have a bad rep. I know they are out there. Since I am still a little green :o) , I am just asking for a little guidance in that area of what/who to stay away from mainly. Thanks to all who replied!

Reply by CarolynCO on 12/15/05 9:49am
Msg #82731

Once you accept a low ball, i.e., $40 signing, *just to get started with a company* simply means that the company will always offer you $40.