Posted by TaraPA on 3/1/05 1:21pm
Msg #23071

$50 flat rate

What's up with NFRES (navy federal ). Has anybody did any work for them for $50?

Reply by Ted_MI on 3/1/05 1:28pm
Msg #23075

Hi Tara,

Yes, I did one last week sort of indirectly (through a ss). And yes it was for $50 bucks. Very small package (a HELOC) and borrower was about four miles away. So I am not complaining.

Reply by TaraPA on 3/1/05 1:34pm
Msg #23077

Just wanted to make sure they wasn't trying to sell me short. I guess I'll do it, especially if I'm not doing anything. "Anything beats a blank."

Reply by Ted_MI on 3/1/05 1:45pm
Msg #23080

Tara,

From my experience (and from what I remember reading), Navy Federal packages are very small. As I recollect there was only one notarization; actually there were two notarizations as there were two signatories. What I meant to say is that only one document got notarized.

Is it a HELOC and how far away are the borrowers? The latter is an important consideration.

What I would do is do a search. I know you will find more info.

Reply by Art_MD on 3/1/05 1:50pm
Msg #23082

Re: NFCU signings

Navy closings:
Less than 20 pages.
1 notarization
Do not get copy of ID - there is a form included
Docs usually sent to borrower
99% of borrowers have read the docs and understand them.
10 minutes in house average.

I love them.

Art

Reply by Ted_MI on 3/1/05 2:17pm
Msg #23091

Re: NFCU signings

Art,

That was my experience too, except it took me somewhat longer. The docs were sent to the borrower. And yes, they did seem to be familiar with them. The only problem I had was that the borrowers set and the original set were exactly the same. There was one original of the RTC for each signer, and thus only one copy for each in the borrowers' package.

Reply by Loretta Reed on 3/1/05 8:47pm
Msg #23153

Re: NFCU signings..Hey Art...

Do you get more than $50 for them up there?

Reply by Cheryl-NC on 3/1/05 7:45pm
Msg #23146

I haven't done a NFCU closing for over a year. Is ATM the only signing service that assigns them or does Navy Federal use another company now?

Reply by Mysti_FL on 3/1/05 8:49pm
Msg #23154

I don't know but today they sent me a pkg to enroll with their company. Think I am going to based on this thread.

Reply by SDgirl on 3/1/05 2:00pm
Msg #23086

Do them all of the time, $50 for 10-20 minutes of work, not bad. Very short & very easy!

Reply by Becca/FL on 3/1/05 9:29pm
Msg #23161

I get $65 - no questions.

Reply by Margaret/Florida on 3/1/05 9:50pm
Msg #23165

I live right by the Navy base and I do them all the time for $50.00. They have always been right down my street and I have had 2 signing companies call me. SigningZ and Alden Enterprises. Alden has not paid me yet for 2 signings in Jan. SigningZ paid in two weeks.

Reply by Happy_in_Fl on 3/2/05 1:42am
Msg #23201

Hi Margaret-

Alden Enterprises is on my Avoid list--AKA "Assured Signings"- Mssg. #6592, 6575,6576,6586,6587.

Hope they have changed; don't know. Please let us know how you fair on them, okay?

Appreciate all your posts- your one busy lady.

Send me an e-mail , I'm about 15 miles from you- maybe we can network some- I have had to turn down quite a few lately- AOL and Broadband problems-- will be switching to Comcast by weeks end. Best wishes.

Reply by Sylvia_FL on 3/2/05 12:51am
Msg #23193

These $50 ones are equity loans. They have about 15 pages in them, only one notarization (Mortgage/DOT). Docs sent to borrowers.
Just make sure the return package is addressed to NFRES and not ILS. They have had a few incorrectly addressed to ILS.

They still pay your normal fee for their other loans (which only run about 30 pages), but are paying $50 for these equity loans.

I will certainly do these equity loans for $50 in my immediate area.