Posted by Joshua Basil on 1/12/06 8:09pm
Msg #88012

The good compaines

I always see allot of posts form all sorts of notaries spanning the entire united states, whom all have had plenty of bad experiences with a multitude of signing services. Other than creating a list of "don't work for" companies this really does not do allot to expand our mobile notary business. Just wanted to check in and see if any one has any suggestions on what are some of the better signing services. Which signing services would you love to work for...always take work from...or have a higher base fee w/out requiring the "hand holding" of their notaries. I am aware that Title Companies are the way to go and I do have a few I work with that pay from $150 to $250 per closing, however the amount of work I receive is not as steady as some of the signing services. To much dismay of many of you notaries I have no quarrels about taking a closing for $50. Mostly because the companies I work with can offer a larger volume of closings. That does not mean I would not prefer to do less closings for higher fees or even do the same amount of closings for the same fee but without the faxing back. I do feel that when done properly $50 for overnight docs is fair compensation for the work I do. I assume that I will spend 30 min with the borrowers and 30 min traveling. When you add in 30 min for the faxing back this comes out to about $16.60 per hour which is more than I made at my last job.

Please advise

Reply by Mike_NJ on 1/12/06 8:42pm
Msg #88015

Keep your eyes open and read the comments, you will see postive post about companies. I gave a thumbs up about a company GMN with in 8 hours I had 20 emails asking for the contact info..

If you like doing this, do the research and work and it will payoff. No one hand me a list and said "work for these guys" it took a year to get a good client base and even that changes now and then.

Reply by Anonymous on 1/12/06 8:52pm
Msg #88018

No one is going to agree that 50 bucks is good money for overnight docs. Everyone here feels they are above 50 bucks. Now I will do a 50 dollar signing and have no problem with it.

Reply by CaliNotary on 1/12/06 10:58pm
Msg #88045

We're not above $50 signings, we're just not stupid enough to do them. There's quite a difference.

Reply by LawrenceOK on 1/13/06 7:06am
Msg #88063

Re: Good example of a $50 signing

No one should do a $50 signing unless the rules below apply.

1. docs are overnighted.
2. signing is within 10 miles round trip.
3. No fax backs.

Reply by Lee/AR on 1/13/06 10:41am
Msg #88132

add 'no babysitting' to Lawrence's post! (nm)

Reply by Blueink_CA on 1/13/06 10:47am
Msg #88137

also - add consistant prompt payment (nm)

Reply by Anonymous on 1/13/06 10:46am
Msg #88136

I get $65 to $75 for those not $50

Reply by Anonymous on 1/13/06 3:02pm
Msg #88237

Re: I get $65 to $75 for those not $50

R U in Oklahoma, too, like Lawrence?

Reply by Shane_OH on 1/13/06 11:11am
Msg #88155

Re: Good example of a $50 signing

I'll do a $50 Heloc where the bwr gets the docs in advancee, its in my town, and i'm in an out in 10-15 minutes, with no fax backs....

Thats about it.

Reply by BrendaTx on 1/13/06 3:43pm
Msg #88242


**No one is going to agree that 50 bucks is good money for overnight docs. Everyone here feels they are above 50 bucks. Now I will do a 50 dollar signing and have no problem with it.**



Standard, common piecemeal fee / job thinking is not going to make a business. Everything is relative.

There is more to it than to do $50 or not to do $50.

Eric Hoffer said, "In times of change, learners inherit the earth while the learned
find themselves beautifully equipped to deal with a world that no longer exists."

Reply by John_NCal on 1/12/06 9:45pm
Msg #88024

Joshua, I have no idea where you are located but if $16.60 is what you need to provide a decent living then so be it. I have to assume that you are in a low cost of living area. In my area, $16.60 is just o.k. if you work part time and don't have to rely on this as your bread and butter.. But for someone who is self employed that would be a pathetic joke. As has been said many times on this board, you need to look at your actual costs, all of your overhead. By this I mean your hard costs such as your gasoline, the upkeep and eventual replacement of your vehicle and any other equipment that you may use. Then there are your actual cost of living expenses, your health and welfare costs and something that is usually forgotten, the cost of providing for your eventual retirement. You need to really crunch your numbers then decide if $16.60 is really enough to get you through life or is just o.k. for a part time job.

Reply by DB/ME on 1/13/06 7:08pm
Msg #88278

You know, not everyone needs 100 bucks an hour to make a living. Can't we just agree that some people can do the $50 signings and be happy and some can't? Otherwise we are saying that its all about money. A job is not always about the money. I like to make a profit, and a 50 dollar signing is profitable for some, like me. I dont LIKE to do a $50 signing, and luckily the least I have "had" to take is $75. I love the $250 signing, but sadly, they dont call everyday and I do have a busy Signing schedule. So, I do take the 75 bucks. It IS profitable for me, maybe not you, but we all have different living expenses right? Its all about choice, its not an insult to me to get 50 bucks for doing something I enjoy. Its more than 0.
Peace!

I love getting info here, but sometimes it seems the heck can be beat out of something.