Posted by Charm_AL on 1/9/06 1:26pm
Msg #87073

Puleeeze...

Stop calling me to travel miles on end for $40.00!!! I don't care that "the borrowers have the docs".

YOU neighboring notaries that are accepting these (and I know this because N.D. doesn't call me back) are really hurting our/my profession here. I've turned down 3 so far from the same company finding me at 123.

WAKE UP! Quit giving it away!!!

Reply by John_NCal on 1/9/06 1:36pm
Msg #87076

Re: Puleeeze... Amen, you need not say more! nm

Reply by Anonymous on 1/9/06 2:32pm
Msg #87092

Re: Puleeeze... Amen, you need not say more! nm

I want everyone to think of this way. One of the reasons the price is so low, is because the Lender is trying to do everything to get a loan so they redue fees to the borrower. If we keep our fees up then we might put our selves out of business. I have been in this industry for 10 years, before Signing Agents before the interested rates came down. Well now everyone and there brother have refianced at least 2 twice in 5 years and that market is gone. So maybe you need to wake up and think about that the industry is going to change. This industry is not recession proof.

Reply by Charm_AL on 1/9/06 2:40pm
Msg #87093

Re: Puleeeze... Amen, you need not say more! nm

wrong, dork, I AM awake. I do not need to lower my fees to $40. and travel 75 miles to stay in biz! You are the one that needs to wake up. The lender hasn't taken a 60% cut to get the job and you will never convince anyone here that they have. You may be one of the notaries I need to correct the work on because your knowledge only allows the $40. jobs.

Reply by Beth/MD on 1/9/06 2:50pm
Msg #87095

Re: Puleeeze... Amen, Charm!

Anon, I would never accept a fee cut for the same work when the lenders aren't reducing fees. YOU need to realize that a big part of the problem is (IMHO) those who will low ball their bids just to get the business. And then they're stuck trying to find someone who will except this crap. Why should you be willing to do this? Is it because you don't have the business to substantiate the higher fee? So bigger quantity makes you feel like you have that business? Well, I may not be the busiest, but I'm not running out of steam working for peanuts with nothing to show for it. Give 'em your phone number and go make your $40 gross.

Reply by davidK on 1/9/06 2:52pm
Msg #87097

The lender is reducing fees? Ha!

Take a look at the Estimated Settlement Statement and/or the HUD-1. Please note that the BORROWER is still being charged the same fees (if not higher) for notary services, even if the SS has reduced their costs by lowering the fees paid to the notary.

Sure, it may be that some lenders and/or title companys are actually cutting the fees they pay to the SS (ala the "complaint" by Vital Signings to it's notaries to justify lower notary fees). but if the SS and the notary are getting a collective smaller fee, and the BORROWER is still paying the same amount, then who is the culprit here? I'd say it's the lenders and title companys that are causing the problem by overstating the actual costs of notarization.

Should that be legal? As it is, the so called junk fees are collectively a lot of money to pay, and bear little or no relationship to the actual individual costs of the business of title search, document preparation, recording, insurance for the lender (not the borrower) etc. They just spread their fees around into various pockets so it looks like they have a lot of work to do to get the documents ready to be signed, thus justifying the total charged to the borrower. The average borrower isn't going to add the fees together, so they really don't understand how much the paperwork is costing them. Ah, but they sure do see the "notary fee" and think that's what the notary is earning for very little work. Little do they know...

Reply by John_NCal on 1/9/06 3:15pm
Msg #87102

Re: Puleeeze... So you want to work for free???...

that's what you are basically doing when you use your rationale. I want you to think of it this way.....There are costs involved in every business. The price of gasoline, insurance, other auto expenses and above all, groceries do not come down because business for SA's is slow. When you promulgate low fees it just makes it worse for everyone!!

Reply by Anonymous on 1/9/06 6:18pm
Msg #87186

Supply and Demand. Customer Service

Supply and Demand. There is to much supply meaning SA in certain areas. So what I meant was the demand is not there. It just economics. I am not saying that you should lower your prices. I am saying you should remember that someday they might not need us. So turning business away right now might be ok. But if the industry really starts to dry up then you will lose in the long run because remember it is only 3 turn downs away from losing a client. Remember business is business.

And No You would not have to fix my errors. I might have fixed yours over the years.

Reply by Anonymous on 1/9/06 6:18pm
Msg #87187

Supply and Demand. Customer Service

Supply and Demand. There is to much supply meaning SA in certain areas. So what I meant was the demand is not there. It just economics. I am not saying that you should lower your prices. I am saying you should remember that someday they might not need us. So turning business away right now might be ok. But if the industry really starts to dry up then you will lose in the long run because remember it is only 3 turn downs away from losing a client. Remember business is business.

And No You would not have to fix my errors. I might have fixed yours over the years.

Reply by Anonymous on 1/9/06 6:18pm
Msg #87188

Supply and Demand. Customer Service

Supply and Demand. There is to much supply meaning SA in certain areas. So what I meant was the demand is not there. It just economics. I am not saying that you should lower your prices. I am saying you should remember that someday they might not need us. So turning business away right now might be ok. But if the industry really starts to dry up then you will lose in the long run because remember it is only 3 turn downs away from losing a client. Remember business is business.

And No You would not have to fix my errors. I might have fixed yours over the years.

Reply by Beth/MD on 1/9/06 6:36pm
Msg #87197

Re: Anon, you seem to have blinders on...n/m

Reply by Anonymous on 1/9/06 6:44pm
Msg #87202

No. I am a realist.

I see everyone complaining about the fees and how they are not getting paid. I don't worry about that. I have done this for a long time and have more undertanding how the business works. Most of you have only been in this business for the good years. Well I have been in the title and Real Estate industry for over 30 years and have seen it all. I am telling you I did 6 closings today and made over $1000 how about you.

Reply by LawrenceOK on 1/9/06 6:47pm
Msg #87204

Re: Puleeeze... Amen, you need not say more! nm

If ten years is all you have, then you have a long way to go. It is obvious that you know squat about how long signing agents have been around. Do you really think this is a profession that just started within the last couple of years. I don't know if you are an SA or working on the other side of the track, but with your philosophy, YOU will be out of business in a very short time.

Reply by Gajillion_AL on 1/9/06 8:12pm
Msg #87229

Charm, I am a neighboring notary of yours and I hardly get any calls anymore at all. I am only able to do this part-time and refer calls to you when I can't accept the assignment because I know you are a professional. Plus, I attribute the fact that I don't get many calls anymore because I am no longer paying yearly dues to NNA, therefore not listed on signingagent.com anymore. Funny, my signing agent section membership expired but not the regular one. ugh

Reply by Charm_AL on 1/10/06 9:48am
Msg #87308

Gajillion...

Thank you for the referrals!
signingagent.com is not the only place. If you want to talk, give me a call anytime and I'll see what I can do for you.
It's slow for everyone right now...