Posted by okla on 6/7/06 2:13am
Msg #124471

Pay cut at NREIS

Does anyone know why?

Reply by Ndwa on 6/7/06 3:00am
Msg #124477

Because they think or have figured out they can get a cheap "Joe Blow" notary anywhere-anytime on the surface of the earth through mass production from the NNA factory and the like.

Reply by JanetK_CA on 6/7/06 3:28am
Msg #124484

It would only be a guess, but I'd say it's at least partly to decrease in volume of business (overall loan originations are down and I think they've lost at least one major client). With less business, they have to find ways to reduce costs to meet their earnings objectives and it would be my guess that lots of companies are trying to cut back fees to avoid layoffs - or to reduce the severity. Or maybe it's just because they can....

Reply by Barbara O on 6/7/06 2:47pm
Msg #124586

I had a signing with them yesterday and was paid my usual fee. Perhaps they have found other notaries in your area willing to work for less? I know when I new person showed up in my area my offered fees were quite a bit less for a while and one company actually told me they did business with a notary in my area recently for less. After a while it went back to normal though. Once companies realize you do quality work, they are usually willing to pay your (resonable) rate. Hang in there and stick to your guns.