Posted by Alabama on 3/15/05 10:24am
Msg #25514

It's Amazing!

I really find amazing when....
I'm offered a loan closing....
The docs are received by email....
The closing is not in my home county....
They want my form after form filled out so I will get paid....
Stipulations are set out for how they are going to reduced my pay if.....
Docs 80% of time are not ready and have to be waiting on.....
Additional docs have to be recieved by fax.....
Borrower is not informed fully.....
Closing needs to be done in a timely manor......
And returned in a timely manor.....
And the SS is amazed that you turn down a closing for $50 to $75....
And even if the basic docs are delivered by courier and you add these other elements....
You fill like your worth more than a minimum wage employee because of your experience...
All the elements of loan signings and being a professional signing agent are great and it absolutely amazes me that signing agents will work for these rediculous prices. I know that their are agents accepting these closings because I'm turning them down. And as we all know the "loan must be closed today"! I know I would and have closed loans for companies
that handle everything and all I do is witness the closing, fax a confirmation and I'm done but
they are far and few between with such conditions.
What I find more amazing is when I ask for my normal closing fee they always say that is more than we are getting and if they agree to my rate and I close the loan, it is awful funny
when the HUD reflects that they have been paid a nice wage for coordinating with me to do a majority of the work. As I see it they are definitely making way over minimum wage for their time and effort!
I know this is just part of a signing agents world......but I'm amazed and sometimes offended!
Does anyone else feel this way? I think I know the answer without asking!

Reply by Charm_AL on 3/15/05 10:33am
Msg #25516

YEP!!!.....n/m

Reply by Melody on 3/15/05 10:58am
Msg #25523

Another yep

That's why I have had it with signing services and won't take any more work for them.

Nor will I take work from title companies paying low fees, like American Title.

Reply by Alabama on 3/15/05 11:08am
Msg #25526

Re: Another yep

I am fortunate enough that I can turn down closings because I stay relatively busy, but it does mean I wouldn't like more business but not with all the conditions for such low wages.
Once again, as I shake my head.....It's Amazing!

Reply by Pat on 3/15/05 12:00pm
Msg #25549

What's amazing to me, Alabama, is your horrendous spelling.

Reply by Tecia on 3/15/05 12:09pm
Msg #25553

Pat, Pat, Pat...You noticed that terrible spelling, also? Professional looks, maybe...English language/spelling skills...none.

Reply by Anomamus on 3/15/05 1:06pm
Msg #25575

Please xcuse him or her, thea probabbly goes to public skool

Reply by Tecia on 3/16/05 2:09pm
Msg #25843

Ha Ha Ha