Posted by SarahBeth_CA on 10/8/05 12:14am
Msg #69505

My first

no sign due to numbers on docs inconsistant with what borrower was told beforehand for the lenders Escrow Division. So here's my question-When it comes no signs and Escrow co's is it your experience to not recieve full fee? I looked this company and didn't find anything from them. I'll let you know if they do pay me fully.

Reply by JD_inMD on 10/8/05 6:27am
Msg #69515

If I make it as far as the signing table and review doc's with borrower it should be full fee. Of course some companies wont pay you full fee even if you complete the signing and the borrower cancels.

Reply by LilyMD on 10/8/05 7:40am
Msg #69524

I always invoice my full fee in this situation.

Reply by PAW_Fl on 10/8/05 7:41am
Msg #69525

Many do pay no matter what, but some do not. When dealing directly with title, escrow and lenders, be sure the payment policies are clear before accepting an assignment. Since many companies pay really well, the downside is that they only pay on funding. So, no funding, no pay. That's one risk working with the better paying companies.

Reply by SarahBeth_CA on 10/8/05 1:02pm
Msg #69568

Yes it is a risk but as you know it is one worth the taking if this becomes a regular client. We'll see what happens after I talk to them and invoice them. I'm just beginning to dive in to marketing TC's and lenders now that I've got some experience so we will see how it goes.

Reply by TitleGalCA on 10/8/05 2:38pm
Msg #69575

My first no-sign was not full fee.

I called the SS and they said they'd pay $75 for a no-sign, not my full fee, so I asked to do the signing when the docs were re-drawn - they agreed. As I received a check within 3 days of the no-sign, and booked the next signing, I had no problem with it.

Reply by TitleGalCA on 10/8/05 2:55pm
Msg #69578

Re: My first - correction...it was one week, not 3 days. n/m

Reply by SarahBeth_CA on 11/2/05 11:10am
Msg #73672

Re: My first - correction...it was one week, not 3 days. n/m

Update the company is Emerald Home Loans Escrow division and they paid in full in 2 weeks. I did go out and take care of the signing upon redraw. I would gladly accept more work from this company.