Posted by Will_CA on 11/8/05 11:50pm
Msg #75254

Average number of pages to a set of loan documents

Help! I am in the process of creating a fee schedule for my services. What is the average number of pages are you finding in your set of documents for a 1st mortgage, as well as a 2nd mortgage? I know that it is not an exact science, but some idea in general will be a big help from you all. Thanks so much for your help in advance. The members participating on this board have help me a lot as I draw up plans to market myself.

Reply by Anon1 on 11/8/05 11:53pm
Msg #75255

Dude, you just killed my buzz from the Coors Light and popcorn I've been eating. JOKE!

I generally see between 80-100 pages per set.

Reply by Becca_FL on 11/8/05 11:54pm
Msg #75256

1st) 45-175
2nd) 15-120

>>>I know that it is not an exact science, but some idea in general will be a big help from you all.<<<

Far from an exact science!

Reply by Will_CA on 11/9/05 12:31am
Msg #75263

I am finding out. Thanks

Reply by Anonymous on 11/9/05 12:03am
Msg #75257

I tell people my fee is for 75 pages. Often I can get another $10 to $15 out of them on the first.

Reply by Danny_FL on 11/9/05 12:24am
Msg #75261

Just did a Refi for Nations Title of Florida: 105 pgs

Danny

Reply by DeeB/Fl on 11/9/05 7:24am
Msg #75285

I've seen in it from 33 pages (ING) up to 125-150 pages. Whatever, my base fee is the same unless it is 1st/2nd mortgage signing, then I just charge about $40 more. After all...when you think about it...in most states if you had to charge per doc that you notaried, you will find that you notarized more of the value then you are getting paid for. (ie you notarized 9 documents but only got paid $75... in Florida it is up to $10 per notary...that is $90).

i guess it does vary per state/notary/document.

Reply by eXpedN_TX on 11/9/05 9:18am
Msg #75322

I charge a $75 fee for one loan. If edocs, I charge an extra $25 for the first 75 pages and .20 per page there after. I only use this to help keep an idea of what the overall charge will be. It's important not to nickel and dime the signing and title companies, so I usually round it off with them. I ask them approx. how many pages will be coming my way and we agree on a fee from there. I always tell them that if there are a lot more pages than what they said, we can renegotiate the fee. It's worked well for me thus far. Also, the signing companies seem to always be appreciative, because they seem to call me at the very last minute and are happy that I can oblige.

Reply by CarolynCO on 11/9/05 11:48am
Msg #75390

Re: It all evens out

I don't put much emphasis on the size of any one loan or charge differently because of its size. While one loan can be 100+ pages and take over an hour, the next signing may only be 20 pages and take 15-30 minutes.