Posted by Anonymous on 10/13/05 8:44am
Msg #70203

LFC lowering fees !!

Got a call from LFC to do a closing 25 miles away.
Said they were redoing their pay rates .. quoted a fee 20% less than what I had been getting for last 2 years. But she said" will move you up on the list for signings in your area" SURE, if I cut my rates I'd get a lot of business. NOT !!!!.

Anyone else get this from LFC?

Reply by Hampton_CA on 10/13/05 8:51am
Msg #70206

Is LFC Lender's First Choice out of Simi Valley? LFC in Simi Valley is a Title Co. (see their website at www.lendersfirstchoice.com).

Reply by patricia on 10/13/05 8:53am
Msg #70207

I get signings from them on a regular basis, have not been asked to take a reduced fee
and will not take one.

Reply by Hampton_CA on 10/13/05 8:57am
Msg #70211

If they are a Title Co, then they have already reduced their fees by paying SS fees. Irregardless, you all set your own fees as independent contractors.

Reply by Anonymous on 10/13/05 9:05am
Msg #70214

Yep. The simi valley LFC

Reply by LilyMD on 10/13/05 9:45am
Msg #70220

I do lots of work for Lenders First Choice, Semi Valley, CA and also Frisco, TX and Longwood, FL and I've never been asked to reduce my fees. They always pay fairly and always quickly. Same goes for First American Heritage Title.

Reply by DM_FL on 10/13/05 10:27am
Msg #70227

I have spoken with a couple of their schedulers, and it seems that they're catching flack over the fees they're agreeing to.

Reply by Anonymous on 10/13/05 2:04pm
Msg #70296

Just got a call to do a signing in my area, needs to be done in 1 hour and they are web docs.
Fees reduce by 20% and I said no way and she said she would take me off their list. I said good. I quess there is plenty of notaries out there that will accept these fees.

Reply by Kevin Louderback on 10/13/05 3:38pm
Msg #70321

I do several closings for all three LFC offices. They have never asked me to lower my fees. As a matter of fact, I informed them of an increase in my fees due to rising das prices and they have agreed to every closing and every price I quote them.