Posted by Veronica_CA on 10/19/05 6:15pm
Msg #71270
4 Borrowers
This is the first time I've ever had a loan with 4 borrowers. Any of you out there who have worked with escrow companies, I am thinking of charging a little more. What do you think?
Thanks for your opinions.
|
Reply by Sara Rockwell on 10/19/05 6:24pm
Msg #71272
I haven't done any with 4 borrowers. I do think you should increase your fee because it will be quite a bit more work. Good luck.
Sara
|
Reply by CaliNotary on 10/19/05 6:42pm
Msg #71274
How much less do you charge when there's only one borrower?
It's not "quite a bit more work". The docs get passed down a line of 4 people instead of two, it's a few more notarizations, that's about it. Shouldn't really take much longer than a 2 borrower signing if you handle it correctly.
|
Reply by B__CA on 10/19/05 6:50pm
Msg #71277
I agree. We don't take a cut when there is only one borrower. This would be one sure way of getting the escrow company to not call you in the future. I have had one borrower take 3 1/2 hours for a signing and 4 take an hour.
|
Reply by Veronica_CA on 10/19/05 6:55pm
Msg #71278
I appreciate your input.
Thanks. 
|
Reply by Sara Rockwell on 10/19/05 8:12pm
Msg #71284
CaliNotary,
I was simply stating my opinion. I don't it was necessary for you to jump down my throat.
|
Reply by SarahBeth_CA on 10/19/05 9:23pm
Msg #71295
Sara,
Cali did just as you did, he simply stated an opinion. He didn't jump down your throat. Just because someone doesn't agree with you doesn't mean they are jumping down your throat. Go have an ice cream cone or something and brush it off. In fact I think I'll go have one.
|
Reply by CaliNotary on 10/19/05 10:52pm
Msg #71326
Grow the hell up. Only the biggest wuss in the world could consider my response "jumping down your throat"
|
Reply by Margaret_FL on 10/19/05 8:08pm
Msg #71283
I had a property that was in a Trust and there were 5 borrowers, just passed all the documents around the table and did not take as long as a loan with 1 borrower who read all the documents
|
