Posted by Mysti_FL on 3/7/05 8:55pm
Msg #24224

1st and 2nd Mtg

OK, I'm stumped. I did a search (maybe using the wrong key words/phrases???) but could not find the answer and am hoping someone can help.

I was charging a title company $20 for e-docs and they have way too much (possibly 150 pages, one for me and one for borrower = 300 pages)!!!. So, on the third assignment, I asked them for $40, which she agreed to. However, this particular assignment will be for a 1st and 2nd. Our agreed rate has been fine (since they are repeat customers I am comfortable with $90 for sites located within my county). However, at a total of $130, did I shortchange myself as far as docs, or time at the borrower's home? I am not sure how much longer it will take me, if at all. I have only received the docs for the 1st mortgage so far. I think I goofed on the price, huh? By tomorrow night, I'll have a better idea. But just wondering on opinion of the experienced.

Mysti

Reply by Marla_NorCal on 3/7/05 9:19pm
Msg #24232

I think you should get 90. for the 1st, 45. for the 2nd and 40. and 20 for your e-docs. That's what I was paid recently for the same assignment. Good uck, remeber , we live and learn with each new day. Peace, Marla

Reply by Jon on 3/7/05 10:16pm
Msg #24243

When I do a double, I charge 1/2 for the second signing. E-docs I don't get any kind of a break on, so I would charge the full e-doc fee for each loan.

Based on the numbers in the scenario above, the charges would be $40 X 2 = $80 for e-docs, $90 + $45 = $135 for the signings, a grand total of $215.

Reply by Becca_FL on 3/7/05 10:16pm
Msg #24244

Mysti,

I would like to talk with you about the NSA business here in FL. I believe in networking and working together with fellow NSA's. We all need to work together to keep our rates at an acceptable level. I would like to swap contact info and coverage areas with you.

Please feel free to give me call anytime. Just click on my link for my contact info.

Becca

Reply by Mysti_FL on 3/7/05 10:23pm
Msg #24245

Thanks everyone. The prices you listed sound right. I actually give those approximate figures to someone I was lamenting with. I'll get it right next time (and with another company).

Becca, yes I would love to swap info with you! I rarely get to head up that way, but who knows, maybe one day in the near future, we could even hook up for lunch or something.

I believe you can get to my info the same way (thanks for showing me that), can't you?

Otherwise, you can email me at [e-mail address]

Mysti

Reply by Nancy in florida on 3/7/05 10:57pm
Msg #24257

Becca and Mysti,

I am also in Florida, I am in the Fort Myers area. I think swaping info is a great idea especially when it comes to payments.

I have been in this business for a long time ( Mortgage Banking, Title and Attorney closing experience prior to venturing out on my own as an IC.) I have only done a hand full of withness closings and the fees are all over the place! I got $100 for a refi with edocs ($75. and $25) but then got $90 from another company ($65 and $25 and they said that was higher than they would normally pay but were stuck and made an exception!) and today I got a call for another with edocs and the do not pay for the edocs and will only pay $65. The company was Closers On The Go? I have been able to negoitate my fee with others but this company said that is their flat fee because they deal in bulk closings and give many assignments. I told her I would do it this once but I need to see more coming my way to make it worth it. I took it because I am just starting as an IC and I want the business and if they give me steady work I will do it but I think I short changed myself.

So after all that I think we do need to compare info about companies and prices so we do not short change ourselves and if we all stick together especially on pricing I think the SS will have no choice but to give us what we deserve.

What are the fees you are charging in your areas of Florida?

Reply by Slarty_FL on 3/7/05 11:11pm
Msg #24265

Becca, Mysti, Nancy,

I'm just south of Tampa Bay in Palmetto/Bradenton. Along with a few more NotRot regulars I think we have the whole state covered.

Always up for swapping info and networking. You can reach me through my website at www.kevinmcnulty.com.

Reply by Becca/FL on 3/7/05 11:23pm
Msg #24275

Can you believe $65 ALL INCLUSIVE?! Attn: FL SA's

This is a copy of a thread I started on GMN 1/28/05.

I'm not going to tell y'all how to run your business, but, IMHO, $65 is insane. You can view the entire post on GMN. Just search the title that is in this subject line.



I received this email today from a new SS located in Orlando, Florida. I just had to share.

Hello everyone.

Closersonthego is looking for notary closers to add to their team
throughout the state of Florida.

We are looking for experienced, flexible and reliable closers
that
can
take orders last minute and on a frequent basis.

Please send everything via email to: ([e-mail address])
so
that we can add you to our system and start utilizing your
services.

We will also need for you to send everything listed below to the
following address so that we have a hard copy for your file.

CLOSERSONTHEGO
734 Naples Drive
Orlando, FL 32804

I replied:

Hello Kristi - Thank you for the invite to be added to your
database.
I have attached my contact info. below. Kindly forward your
standard
fees and contract so that I may review it before sending
additional
information.

Kristi wrote:

we pay $65 per closing.

I am looking for designated closers in their area of focus. Our
clients send volume so we give them a discount rate.

I do not so far have one designated closer in your area. I am
willing
to talk further with you about making you that one person.
Let me know what you think.

I asked: What is your edoc fee?

Kristi replied: that is all inclusive.

I replied:

No thank you, Kristi. My minimum base fee is $XX and I charge a
minimum of $XX for edocs.

Good luck to you.
Becca


To which Kristi replied: you too...

Reply by sue on 3/8/05 12:00am
Msg #24291

tell them they are working backwards. After they give you a decent volume of work you will give them a price break - not the other way around.

Reply by Nancy in Florida on 3/8/05 8:25am
Msg #24327

I think you are all correct, I should have told them thanks but no thanks. Why are these companies all over the place with fees?

I will do this signing because I committed myself and I do not like to go back on my word but if they still are only going to pay the one flat fee of $65 I do not think I will be taking more of their business. I also agree they are working backwords. Breaks should only be given if the volumn is there to support it not in advance of the volume.

Reply by Mysti_FL on 3/18/05 9:04am
Msg #26237

Hi Nancy, I just read your msg. I am at [e-mail address] if you'd like to converse "offline".
Mysti