Posted by CaliNotary on 8/27/07 10:56am
Msg #207862
I now know what happened to NASCO
After wondering last week what happened to them and why their calls suddenly stopped, I emailed one of the schedulers on Friday and got a response today:
We are no longer in the scheduling business. The main office of LandAmerica (LandAmerica Signing Service)has taken the scheduling away from us over a month ago, and we all have been placed in other departments and positions within the company. Please call
1-866-226-8616 option #5 to register. The fees are much lower and not negotiable, they only pay $50-60 for regular closings and $40-50 for clips and all closing fees include edocs; and everyone is paid the same; and most of our agents have resigned. Good luck and it has been nice working with you, and knowing you.
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Reply by Barb/MO on 8/27/07 11:08am
Msg #207867
$50-$60 for regular closing. Yikes! How long will that last?
Seriously, that might work in the near term, but at some point something will have to give--either the companies will tire of the poor quality of the returned packages or the suckers will tire of doing all that work for a pittance.
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Reply by Cassandra Andrews on 8/27/07 11:45am
Msg #207880
Re: $50-$60 for regular closing. Yikes! How long will that last?
hey barb
a company just clld me about 5 min ago asking if i'd like to be in their database. that was their fee schedule w/75 for edocs. i said thx but no thx. at least they asked though so as not to start a 'fee dance.'
i can't say how well they'll do. i just know what i can afford to work for. whatever they decide is fine by me. i didn't put all of my eggs in their basket so as long as they offer those fees i think i'll just pass.
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Reply by ZeeCA on 8/27/07 12:19pm
Msg #207900
Re: $50-$60 for regular closing. Yikes! How long will that last?
it will last and have legs as new notaries are churned out daily, hourly it seems.....and they are told by xyz that those are the going rates..................sad.
jmo
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Reply by JanetK_CA on 8/27/07 3:50pm
Msg #207976
Re: $50-$60 for regular closing. Yikes! How long will that last?
You're probably right. This is very interesting in light of all the recent articles about borrowers who claimed they didn't understand what they were signing. I think these moves to such low fees will pretty much guarantee "point and sign" notaries handling the majority of loan signings. Maybe that's what they all want... Very sad indeed!
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