Posted by Becca_FL on 2/17/06 4:27pm
Msg #98040
New SS - The Closing Company
Get this -
Rebecca
I am the scheduling manager. The Closing Company agrees to pay $
for
your notary services. You will be paid in full for a successful
completed closing. We will mail you a check for the service. I give
you instructions for invoicing after completion of the closings. If a
recission were to occur we would not be able to pay the amount quoted
above.
Here's my reply
Mr. Dimon,
If I print docs, facilitate the closing and the borrower rescinds, I expect my full fee to be paid. I do not work for free and have no control over the borrower's decision to cancel. I would also like to know your payment terms up front and need a company address for my records. If you can not agree to my terms, you will need to find another Notary to facilitate your closing tonight. I told you that I do not put a closing in my schedule without a confirmation, but I saved your space without a confirmation and have now had to turn down a closing with a company I have worked with before.
In the future, if you have unusual terms, I think you might want to disclose them prior to scheduling with a new Notary.
Please email or call me if you have further questions. Your closing time for Mr. Borrower will not be secured in my schedule without a reply to this email.
I was really leary because the area code for this company was 386 and I've had more than enough trouble out of SSs in that area of Florida.
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Reply by Becca_FL on 2/17/06 5:08pm
Msg #98054
The Closing Company - Reply to my email follows
The definition of unusual is "not common". We schedule at least 10
closings per day with various closers and you are the first to think
our
practices and protocols are "unusual". It is unfortunate we could not
develop a business relationship further, as we have numerous closings
in
your area.
The Closing Company wishes you continued success in the future.
Sincerely
Excuse me? It IS uncommon for companies to not pay closers for rescinded loans. If I do my job, I expect to be paid. I close for just one TC that has this policy and I charge a premium to cover the cost, if it ever happens.
JMHO
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Reply by Cherilyn_CO on 2/17/06 5:18pm
Msg #98058
Not only should you get paid the full fee...
but you should get a full fee upon the re-sign. As I've only had one loan rescind and they re-signed about 3 days later. I got paid my full fee 2x.
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Reply by cmd_NH on 2/17/06 5:25pm
Msg #98062
Re: Not only should you get paid the full fee...
I also have only had one loan rescind and resign 3 days later....I was paid full fee for both trips.
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Reply by Calnotary on 2/17/06 5:34pm
Msg #98064
Re: Not only should you get paid the full fee...
If I forget to ask about their not funded loans policy, when I reconfirm with the borrower I always
reply their Confirmation letter saying that if the loan does not fund for reasons out of my
control, I will be paid my full fee, and I keep a copy of the sent e mail.
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Reply by Elayne Palancia on 2/17/06 7:54pm
Msg #98078
Becca
also watch out for these comapnies, let me know if you have been contacted by any, ill share the onfo only via phone or email
cfc closings
signature network ( or maybe notary)
nationwide closings
all in florida
e : )
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Reply by Becca_FL on 2/17/06 8:09pm
Msg #98079
Thank you my dear, we'll talk n/m
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