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Fees
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Fees
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Posted by Anonymous on 10/10/05 10:48am
Msg #69705

Fees

I'm new in the business and wondered what everyone charges for their fees. For instance, for a basic loan closing what is charged and do you charge extra for copies of the paperwork, ets.

Reply by Merry_CA on 10/10/05 11:15am
Msg #69707

Try the orange search tab and type in "fees". Good luck!

Reply by Anonymous on 10/10/05 11:16am
Msg #69708

Try the search feature.

Reply by Jon on 10/10/05 1:29pm
Msg #69724

Some charge $35 for overnight(mostly the ones who are new and expecting a get-rich-quick scheme based on deceptive advertising they've heard. Unfortunately for them they will go broke before they figure out they are not making any money)

Others charge $300 for overnight(mostly the ones with alot of experience, good business sense, and the customer service skills to get repeat business at good prices)

You can charge whatever you want, it is your business and you make the rules. What works in one area won't work in another, so the answers you get here will be basically useless to you unless someone in your area happens to post all the going fees for your location.

If you try doing some specific area market research, you may get a better idea of what to charge.

Reply by LilyMD on 10/10/05 2:26pm
Msg #69730

For a better answer always log in with your state ID. This will help with just about any question you have. Now for your fees. They are YOUR fees so YOU have to decide what you are willing to work for. For example, if you feel $125. plus an edoc fee ($25 average) is fair for you (not an extremely large package -- remember borrowers get a copy and also, you're not driving too far from your base-- less than 15 or 20 miles maybe) then set this as your fee. It can also help to do a search on the boards and get a feel for your area's business by averaging the fees you find on the boards. Good Luck.


 
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