Reply by MaggieMae_CA on 6/21/05 8:09pm
Msg #46646
Good Suggestion Cali...
but I think most people feel they're not going to get an honest answer from the SS if they ask straight out. I think people ask on here thinking someone will tell them and than that's what they will ask for.
A couple of reasons why this doesn't work; first, I've learned many times it depends on the lender and what the max is with that lender. Someone might be able to get $150 from a SS because that's the cap of one lender but only $50 from another lender. Also depends on how desperate the SS is for a notary. If it's zero dark thirty and the loan must close NOW, you may be able to get two times the amount the lender normally would pay. Location, location, location! If you're the only notary in the area and there's nobody else around, that can influence how much you're paid. If you're in middle America a fee may be at one price, but on the West coast another.
Lots of stuff goes into it. Cali is right, be brave and take the direct approach and ask what is the maximum fee authorized. If it doesn't meet your requirement, don't take it; pass on it and let them find another signing agent.
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