Posted by ML/PA on 4/12/07 2:56pm
Msg #184845

This is getting ridiculous!

I just got done downloading a loan package that was 183 pages!!! That was 1 copy, then I had to make the borrower's copy. When I walk into their home they are going to think I'm joking not to mention that I have another one scheduled after that and it obviously will take a lot longer for this one than I had anticipated. When I find out that certain lenders have these HUGE packages I inform them there is an additional charge or take me off the list for these closings. Unbelievable.

Reply by BrendaTx on 4/12/07 3:11pm
Msg #184846

This is getting ridiculous! - 183 is pretty standard for Tx n/m

Reply by ML/PA on 4/12/07 3:20pm
Msg #184851

Re: This is getting ridiculous! - 183 is pretty standard for Tx

Really!! Why would the packages be that large because its Texas? Mine are usually around 100 pages. Every so often I'll get one that is close to 120 and I think that is large. I must be spoiled.

Reply by Pierces Notary Services on 4/12/07 4:02pm
Msg #184860

Re: This is getting ridiculous! - 183 is pretty standard for

same here - I hardly ever get anything that large. Mine are usually 75 to 120 pages.

Reply by BrendaTx on 4/12/07 7:43pm
Msg #184905

Re: This is getting ridiculous! - 183 is pretty standard for Tx

It's large because the title companies have a lot of regs which require it, as I understand it. There can be as many as 50 pages of junk docs.

Reply by Joan Bergstrom on 4/13/07 12:33am
Msg #184948

Re: This is getting ridiculous! - 183 is pretty standard for Tx

Its always scary when you can't get the medium size black clip around a set of documents.

Brenda is really correct about Texas loans ( I've done 4-5 loans for Texas properties) and I couldn't believe the size of the loans.

Reply by BrendaTx on 4/13/07 6:19am
Msg #184955

Thanks Joan (plus cancellation = networking referral opp)

Thanks, Joan. I have a few friends outside of Texas who wonder why I suggest the prices I do. More loan pages = more likelihood of problems, more time and more printing. Each person must know their own market.

When I think "equity line" it usually means a cash out and not just a line to draw against. Therefore I am always quoting for those 175 plus pages of printing.

Last week I was called for a 200 page package. Got it and printed it, plus a borrower's copy. Did a little research and found out that the company was a client in NY who is loved by most on this board for good fees and fast pay.

Well, the loan cancelled so when it did I figured I could either be in a bad mood about it and hound them for a printing fee or could get some value from the cancellation. I sent them a note back telling them I would be glad to forego any discussion of a printing fee in favor of them keeping my premium notary list handy as a referal list. Then I gave them my network list, plus referred any network I know of by link or by organizer email where I didn't know a link and promised them the same courteous service from this nationwide network of professionals.

I have also done that with a good RM client. Hope you guys who are networking out there will do the same for other networking state groups and don't forget Texas!

Reply by MelissaCT on 4/13/07 1:00pm
Msg #185027

BrendaTx - THAT's seeing the big picture!! Thanks! n/m

Reply by LJ on 4/12/07 3:15pm
Msg #184848

I hear what you are saying. In cases like this, I print the pkg. Then, (if I have time), I scan through it to see if there are pages of notary instructions that mean nothing to the borrower. I also see if there are multiple mortgages in the pkg. If this is the case, I only print 1 copy of the mortgage for the borrowers. They don't need 2 or sometimes 3 copies. I also don't print copies of the instructions. This does cut it down some.

Reply by Mike Photon on 4/12/07 5:16pm
Msg #184880

Are you serious LJ?
If its a 183 page package, I print 366 pages, period.
It takes much care and time to selectively print certain pages from within a large document. Saving a few papers(and the gas we thus save) is not worth the time we spend for it... at any cost. If the borrower gets a set of notary instructions, well who cares? not me!
If the lender/escrow didn't want borrower to see them, let them send it as a separate doc.

Reply by BrendaTx on 4/12/07 7:45pm
Msg #184906

Re: This is getting ridiculous! Agree, Mike Photon...

To me it's just easier to print 'em all. Seems pretty easy to me to spare the toner and paper over the time involved in picking through the docs.

Reply by Linda derogatis on 4/12/07 3:23pm
Msg #184853

My norn is 100 to 120. Wish I had one today!

Reply by ME/NJ on 4/12/07 3:49pm
Msg #184859

This month Sub Loans Extra 30-40 pages.

What was 110-120 is now 150 and up.

Reply by Ndwa on 4/12/07 4:57pm
Msg #184873

Be happy with what you got b/c...

Signing services and TC who catered sub-prime loans are also in defunct along with the lenders.

Reply by Lee/AR on 4/12/07 6:49pm
Msg #184893

Time to kick print fees up on sub-primes.

All in favor---just do it.

Reply by Sharon Taylor on 4/12/07 10:53pm
Msg #184935

First American Title - 183 pages in edocs!

Title is First American Title Insurance, and Lender is Advent Mortgage. I was shocked to see 183 pages in the package. Norm is 100 to 125 pages, as the rest of you noted. There's a ton of extra docs in the package - 30+ pages of the borrowers' tax returns, duplicates of the DOT, the Application, the 4506T and W-9, etc.
I agree that if this trend upward on number of docs in a package becomes the norm, it may be time to increase the print fee a little. For example, my HP 13X toner cartridge can print about 12 packages of an average 125 pages x 2 copies, and a package of 500 sheets of paper will do about 2-1/2 packages. Toner is about $100 including sales tax, and paper is about $5 plus tax per ream for legal size since I use the better quality. Cost of toner and paper for a package of 183 sheets printed twice would be about $4 for paper and about $12 for toner. That's $16 average. Add in your time spent downloading and printing the package plus a small amount toward wear-and-tear on the printer (which will wear out eventually and have to be replaced by an expenditure of real money) plus allowing for income taxes that will have to be paid on that $25 print fee......

Reply by aatatusko on 4/13/07 9:00am
Msg #184972

Does anyone ask before accepting

or quoting a price? I have one company that the docs are consistantly in the 240-260 page range. One set had 7 copies of the 1003! Along with all of the broker docs that should have been signed before hand. I didn't think it was my right to make the decision at the table of what should or should not be signed. I had one last week, I asked the signing company if they knew how many pages before talking $ and he said probably 80, well it came out to
132. X2. Should I have called and asked for more? I know we can't charge per page, but does anyone say okay, its $$$ for upto 100 pages and $$$ for anything over?

Reply by thnotary_NY on 4/13/07 10:25am
Msg #184996

Re: Does anyone ask before accepting

Most of them (ss) will say they don't know, and even if they tell you, as you found out, can you believe them.? My question is "who is the lender".? If you use PAW's prep sheet you can notate how many pages in a package for future use, and maybe avoid/charge those with the larger packages. JMHO

Reply by aatatusko on 4/13/07 11:10am
Msg #185005

Re: Does anyone ask before accepting

Thanks, I will start doing that. Fortunately these really large packages are not easy to forget.
Paw has a great website! Thanks for the tip.

Reply by ML/PA on 4/13/07 1:35pm
Msg #185041

Re: Does anyone ask before accepting

When I found out how large it was I called them back and they did agree to pay me more. Not only is there material costs involved but it takes a lot longer to do a 180 page closing than it does for the usual ones I get. This is not the first time that I have called a company back, SS and TC, and they agreed with me that it was worth more and paid.