Posted by Loreana Greer on 2/1/06 11:09am
Msg #92969
loan signing fees
Are there any agencies that pay right away? Or do they ALL pay ONLY on the 15th and the 30th? I'm a new signing agent, and I'm interested in making some money right away.
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Reply by Charm_AL on 2/1/06 11:11am
Msg #92970
When we start out, we all want to make money right away...you'll learn by experience who pays when...good luck!
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Reply by Loreana Greer on 2/1/06 11:12am
Msg #92971
Thanks that was helpful and supportive...
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Reply by Charm_AL on 2/1/06 11:13am
Msg #92972
Welcome 
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Reply by Loreana Greer on 2/1/06 12:35pm
Msg #93012
Is there anyone in the business that has HELPFUL ADVICE for someone new asking about FEE DATES?
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Reply by SueW/Tn on 2/1/06 12:43pm
Msg #93016
I'll give it a shot...
MOST signing companies are on 30 day pay from the funding date. Some go as high as 60, some 45. 'Course you'll try to stay away from the last two. Some state that IF your paperwork is complete and in from the 1st - 15th, they'll pay on the 30th, etc. Best way for you to handle things is to ask the signing company what their pay schedule is. If you actually fill out paperwork (contractors agreement etc) with the signing company it should have their schedule laid out pretty simply. Whether you work directly for the lender, for the Title Company or the dreaded middle man (signing company) they each have their own pay policy so it's best to get in the habit of asking when you contract the assignment. Unfortunately there isn't many that pay us as quickly as we would prefer. For me it took about 4 months to get the revenue flowing in a steady stream. You'll need capital to fall back on until you build your client list and get yourself used to the dreaded 30 day wonders. Hope this helps
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Reply by Loreana Greer on 2/1/06 12:59pm
Msg #93025
Re: I'll give it a shot...
Thank you very much...
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Reply by Beth/MD on 2/1/06 12:47pm
Msg #93020
Do a search on fees and you'll find many, many answers to these and other questions.
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Reply by CarolynCO on 2/1/06 11:15am
Msg #92975
Re: some pay on the 15th and 30th ...
45 to 90 days out.
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Reply by Teddog_CO on 2/1/06 11:19am
Msg #92977
Carolyn! You forgot Never lol nm
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Reply by CarolynCO on 2/1/06 11:22am
Msg #92981
Re: How could I forget the ones who never pay? nm
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Reply by LawrenceOK on 2/1/06 11:28am
Msg #92984
Re: How could I forget the ones who never pay? nm
Now you all know darn good and well that Sign On The X is the best company out there. Why did'nt any of you share that? you people are mean and greedy
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Reply by Teddog_CO on 2/1/06 11:48am
Msg #92989
Darn it! Lawrence don't be given the good ones' LOL nm
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Reply by Charm_AL on 2/1/06 11:48am
Msg #92990
Re: How could I forget the ones who never pay? nm
Now Lawrence, you know we all work hard for our list. I won't share...ok, maybe Sirinni, but that's it!
Ok I did my good deed of the day, I'm off the meany list.
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Reply by Teddog_CO on 2/1/06 11:55am
Msg #92994
Ah! Yes Sirraini one of my Big favorites. lol nm
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Reply by JS_MD on 2/1/06 12:27pm
Msg #93009
Re: How could I forget the ones who never pay? nm
My personal favorite... Dakota Creek. What a pleasure it is to work with Duane and Sandy....fine upstanding business people!!!!!!
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Reply by Anonymous on 2/1/06 12:38pm
Msg #93013
Re: some pay on the 15th and 30th ...
Thank you, CarolynCo, for the response. I honestly appreciate your input very much. Loreana
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Reply by Cherilyn_CO on 2/1/06 11:47am
Msg #92988
My average # of days to get paid for 2005
was 26.4. Of course, SOX skewed that data by taking 119 days to pay.
My quickest was 7 days. However, that was only a one time deal.
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Reply by Teddog_CO on 2/1/06 11:54am
Msg #92993
Re: My average # of days to get paid for 2005
Basically what we were all saying "Have Piggy Bank Money Set aside" until you're doing this for a few years.
It takes TIME to build a client base you can count on. TC/ESCROW companies pay asap-most others' pay 14 to 30 days or as Carolyn said 60 to 90 days (you want to WEED them out!) not worth chasing every time you do a job for them. Save your appointment times for your loyal clients that you have NO problems with they are well worth it.
Teddog
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Reply by Loreana Greer on 2/1/06 12:42pm
Msg #93015
Re: My average # of days to get paid for 2005
Thank you, Teddog. I appreciate any GOOD advice that anyone has for new agents. Your insert was very helpful!
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Reply by eXpedN_TX on 2/1/06 1:38pm
Msg #93034
For quicker money....
you can also market yourself locally for "General" notarizations. It may not pay as much as loan packages, but that money adds up and you get paid right then and there. Just food for thought.
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Reply by CaliNotary on 2/1/06 2:22pm
Msg #93047
Re: My average # of days to get paid for 2005
Well you should appreciate ANY advice that you get on this board. Your complete lack of graciousness in this thread has already made me have no interest in helping you. Looks like you're just another greedy sucker who bought into the get rich quick scheme.
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Reply by Charm_AL on 2/1/06 3:08pm
Msg #93074
Cali...
don't be a meany, post your list of fastest paying companies to help this person get rich quick.
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Reply by CaliNotary on 2/1/06 3:23pm
Msg #93078
Re: Cali...
Fine. I'll add 24/7 NNN and Signatures Plus to the list.
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Reply by Bonnie_CO on 2/1/06 3:25pm
Msg #93080
May I suggest you sign up with...
the following companies in order to get super fast results:
Sign on the X
Signing Star aka Above and Beyond
Signatures Plus
Sirrini (sp?)
Now I know everybody's gonna be PO'd cuz I gave out our best companies, but this young lady deserves a chance to get rich just like the rest of us!!
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Reply by MichiganAl on 2/1/06 8:05pm
Msg #93138
Ok fine...
Any company being run by Lisa Schrieber. They pay immediately.
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Reply by MichiganAl on 2/1/06 3:52pm
Msg #93085
Yes, another newbie with an attitude
Makes you wanna just drop everything to help them, eh? What ever happened to humility? It never ceases to amaze me, ask for help then get a 'tude when the answer isn't to your liking. Here's some GOOD advice Lor, don't quit your day job. You won't go far with that winning personality of yours.
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