Posted by Anonymous on 9/25/05 10:13am
Msg #67220

Prices

So after reading some of you complain about only being offered $110.00 or even $100.00 from a signing agency, my question to you is, do you expect the same price from an agency as you would a title co, or broker?

Reply by Anonymous on 9/25/05 11:40am
Msg #67234

No, the signing company needs to get paid. Some notaries out there are just too money hungry! These signing companies also pay our bills, if it wasn't for them - we would be out of jobs!!!

Reply by Charles_CA on 9/25/05 12:25pm
Msg #67237

That's BS

If you would be out of a job because there are no SSs why even bother. There have been notaries for eons before SSs and there will be long after SSs are gone. So if you need to have an SS to work as a notary pack it up and get out of the business because your carreer is over before you enven get out of the starting gate. The SS needs to get paid only because there are too many notaries and they have no idea how to get work.

Reply by SoCal Signing Co. on 9/25/05 12:34pm
Msg #67238

I am glad to read this, I too have wondered about some of these recent posts regarding $100+ with a SS. ( I am not speaking about direct work from broker ect.)

I realize those in remote areas should receive an additional charge for traveling so far, borrowers sometimes live in those areas and should expect to pay bit higher, so we need to let the SS, or others know the reason for this extra charge.

I am certainly not criticizing those who want more, if it is working well for them... good

But is it working well for them?
The mortgage business is and will become more of a dog eat dog industry and one inducement to the borrower is low low fees. The closing/notary fee may be included.
Just a thought

Reply by LilyMD on 9/25/05 2:19pm
Msg #67247

My fees are not based on who's doing the contracting. I base my fees on several things such as type of loan, size of package, distance to travel and edocs vs. o/n docs. I never think of it as $XXX for the TC and $YYY for the SS.

Reply by Charles_CA on 9/25/05 3:02pm
Msg #67250

I agree with both of you but...

There is one way that will make a lot of people happy. You can't cut out the notary and you can't cut out the title company but if you cut out the SS then the title company can charge the borrower less and pay the notary more!

Reply by SoCal Signing Co. on 9/25/05 4:02pm
Msg #67256

Re: I agree with both of you but...

there ya go

Reply by Sylvia_FL on 9/25/05 4:22pm
Msg #67260

Re: I agree with both of you but...

Charles
There are many title companies who use signing services as it is more convenient for them. They only have to fax a list over to the signing company with a list of signings that need filling. It saves them time.

I used to do a lot of work for one title company, until they decided they were going to be using a signing service as it was more convenient for them. As I didn't work for that signing company ( it was a Florida signing company that is now out of business - not mentioning any names but the owner professed to be a preacher!) I stopped gettting those signings.

Reply by Nd_WA on 9/25/05 5:19pm
Msg #67263

Charles...

I applaud you for having the right mind set to succeed in this business and of course, we all want to reach that ultimate goal (the corporate "Glass Ceiling" concept) of having to work exclusively with Lenders/Tc's. I think oldies like you (before SS intervention) once thought you had your base covered are now in resentment because of competition/loss business to SS. What's important here is how knowledgeable you and I are in running our SA business and knowing what our bottom is at year end (tax time).

Sorry I have to break the news here, but I'm strategically working (lining up 2 brokers) on making that leap to the other side of the fence by beginning of next year. Why, you might ask? Because I'll then be the one knowing/setting the standard for SA whom I (my company) work will with.

Reply by Charles_CA on 9/25/05 5:31pm
Msg #67265

There are alternatives, believe it or not...

One needs to think out of the box and while "oldies" usually connotes intractible there are alternatives. The Notary/SS scenario is definitley deep inside the box! But there alternatives to that scenario. How about this one. How about a consortium of oldies (read experienced and knowledgeable) get together, set up a nationwide network to handle closings by referral only and then hire a marketing maven to sell to the users on comission. With that set up the consortium could undercut the SS, pay the sales people comission and the notaries could have a fair deal and get more money. Whaddaya think about them apples!

Reply by Anonymous on 9/25/05 6:26pm
Msg #67270

Re: There are alternatives, believe it or not...

Sounds like a signing agency to me...bitter apples

Reply by Charles_CA on 9/25/05 7:13pm
Msg #67275

Now that was funny - ROTFLMAO!

Reply by Anonymous on 9/25/05 7:16pm
Msg #67277

Re: Now that was funny - ROTFLMAO!

:-)

Reply by HARRY_PA on 9/26/05 9:39am
Msg #67324

Re: Now that was funny - ROTFLMAO!

Why the bitterness about ss. If they will pay your asking price, great. If not move on. There are ones and bad ones. Slow pay and fast pay. Why close off any resources unless you are too busy to be bothered. To all things there is a season.