Posted by Sylvia_FL on 5/24/06 1:53pm
Msg #122014

Notary Fees on the HUD

The notary fees on the HUD do not always cover just the notary fee to the SA, there are often other docs connected to the loan that are signed by someone at the title company and have to be notarized.

I had worked for one title company. On the HUD the notary fee was listed at $40 - that was the actual fee they were paying to a notary, the signing agent (my) fee was included in the Closing Costs.

So, unless the signing service is listed as receiving a certain fee, the "notary fee" could cover other notary work.

Reply by Beth/MD on 5/24/06 3:23pm
Msg #122049

The first time my name was actually on the HUD I was so thrilled. Now it's like a double edge sword. The other day, I was actually "fussed" by Mrs. Borrower because my fee was excessive to her.

Reply by Erin C. Wall Signature Services on 5/24/06 9:09pm
Msg #122135

She had to fuss at someone for something, you were there n/m

Reply by MichiganAl on 5/25/06 12:34am
Msg #122158

I hate it!

It's like walking around with a price tag hanging from my pants.

Reply by BrendaTx on 5/25/06 7:13am
Msg #122172

Re: I hate it!

"It's like walking around with a price tag hanging from my pants."

You might be on to something. At least one knows the investment required.

Reply by LawrenceOK on 5/25/06 10:38am
Msg #122207

My name has been on the hud a few times and each time the bwr's have said "we thought you would have charged more for coming all this way" Just goes to show that some brw's are more then willing to pay the fee so they don't have to do the traveling.

Reply by Restless on 5/25/06 12:55pm
Msg #122233

Most people don't understand what YOU have to buy and maintain. Car costs, gas, insurance, computer stuff (paper, toner, light bill) PLUS your expertise. If people remembered this, they may think twice about 'your excessive fee.'