Posted by Ray LA FRENAIS on 12/14/06 10:34pm
Msg #166026

Marketing

I have been a notary for a year and am considering offering my services directly to title companies ans mortgage brokers. Would it be a good approach and meet with the loan officers or title reps and offer incentives to use my service? Would this be something that they might find valuable to them to place a face to the name? Any ideas would help. I live in a small community in the central coast, but there are MANY loan offices and titile companies. Your comment would be appreciated.

Reply by Lisa Prestegard on 12/14/06 11:43pm
Msg #166033

Check your state laws regarding inducements...

Florida has very specific rules regarding "incentives" (inducements), including annual dollar amounts.

Reply by Becca_FL on 12/14/06 11:48pm
Msg #166034

Read the RESPA laws. You don't want to invite the Feds into your business. Incentives may = trouble. JMHO.

Reply by Lisa Prestegard on 12/15/06 12:00am
Msg #166036

Exactly, Becca... everyone should tread lightly in this area. I've seen one particular TC in a heap of trouble for the expensive bottle of wine they were 'gifting' each Realtor at closing. Some agents I knew had CASES of this stuff... and the limit in FL is $25 per year, the last time I checked
I was a Marketing Exec. for a large TC here in SW FL. 50-yard line tickets to the Dolphins, Martini parties hosted by said TC at the location of Realtors choosing, sizable gift certs at 5-star restaurants and a new laptop are just some of the 'inducements' I've seen. Dollar-store candy jars filled with Starlight mints don't apply

Reply by Joe Ewing on 12/15/06 12:03am
Msg #166038

Worth a try, a box full of Donuts got me 150 Ameriquest Loans.

Reply by TRG_wy on 12/15/06 8:48am
Msg #166058

I think your use of "...offer incentives to use my service" got everyone's attention.

You should think more along the lines of offering "courtesy closings" when their available staff become overwhelmed or need someone offsite/out of the office. Just let them know that they can call on you for services if the need arises.