Posted by Pierces Notary Services on 2/8/07 12:36pm
Msg #174694

when borrower calls you

what do you generally charge when a borrower calls you directly? They got a refi package from their lender. Not too large. They are right in my neighborhood so I thought $25 plus notarizations. Does that seems too low depending on the size of the package.

Reply by TnNotary on 2/8/07 12:41pm
Msg #174695

I had only two people call me and I charged them $50.00.

Reply by Pierces Notary Services on 2/8/07 12:57pm
Msg #174700

ok - how big were the packages? seems like it's a small one by talking to her on the phone. don't want to sell myself short either.

Reply by TnNotary on 2/8/07 1:01pm
Msg #174704

not big at all maybe 20 pages. Is the borrower coming to you? I would charge them whatever you feel comfortable with. What is your time worth to do it and charge accordingly.
I had someone at work ask me and they just brought me the forms to notarize so it was only the dot and 2 other docs I didn't charge them anything.

Reply by Pierces Notary Services on 2/8/07 1:02pm
Msg #174705

no i'm going to them. the docs have to be signed today and the Mrs. is sick.

Reply by jojo_MN on 2/8/07 1:12pm
Msg #174707

That is a tough question. If it is a full document package they should pay your full in-town fee. When you do a signing, the borrower pays for it most of the time. It is on the HUD under notary fees. Sometime it has the SS name, sometimes the notary's. If I'm signing for a friend, I don't charge.

Think of yourself as an independent contractor such as an appraiser. An appraiser does his job and is paid accordingly no matter who is paying for the appraisal. Only you can determine how much to charge.

This is only my opinion

Reply by Barb/MO on 2/8/07 1:23pm
Msg #174712

It depends on circumstances and perhaps PA NP statutes

Quoting myself from a post a couple of weeks ago:

"When I received a call from a borrower in a similar situation, I was serving as a notary only. I didn't handle any of the other docs and wasn't responsible for them in any way. Therefore, I charged only the statutory "expedited convenience fee" of $25 (the allowed maximum) and $2 per signature. I didn't charge for mileage, even though I could, because it was only about 10 miles round trip.

"Now, if you provide services beyond that of a notary, then you probably are okay to charge more, if you're so inclined."

Hope that helps

Reply by BarbaraL_CA on 2/8/07 1:54pm
Msg #174721

My minimum fee for loan docs (w/o edocs) is $100. I let the borrower know that, and also tell them that they will pay the LOWEST fee - either the $100 or $10 per notarized signature + my travel/service fee for that zip code. If they come to me, then it's still the lowest of either $100 or $10 per notarized signature. (California notary fee is $10)

Reply by MelissaCT on 2/8/07 2:27pm
Msg #174736

You're still performing the same service as if contracted

through a SS, so I would charge the same, provided you're wearing your SA hat. If you're simply notarizing the documents and nothing more, treat it as a general notarization -- don't go through docs to ensure they're completed correctly or make sure RTC is completed accurately -- a simple notary does not do that, nor knows what to look for aside from the simple notarizations.

Reply by jlissem on 2/8/07 3:08pm
Msg #174743

$30 + $1.50 per mile point to point + $2.50 per Notarized page.
Do not review any unnotarized docs

Reply by sue_pa on 2/8/07 4:21pm
Msg #174763

...Do not review any unnotarized docs...

I actually would go a step further and not even touch any docs that don't get notarized. I'd have the borrowers go through the package prior to my arrival and have them pull out the pages that get notarized.

Reply by ME/NJ on 2/8/07 4:25pm
Msg #174764

Same fee as all my clients for refi.. When its just 1 doc, I refer them to a bank in order to save money. (most banks in NJ will do it for free)

Reply by MikeC/NY on 2/8/07 5:19pm
Msg #174774

I have had two cases where the borrowers called me because their schedules made it impossible to both be at a bank during normal business hours. At that point, I take off my SA hat and put on my mobile notary hat; in both cases I charged a $25 trip fee (they were in the neighborhood) plus the state-mandated $2 per signature fee. I didn't even look at the loan docs, because that's not what I was there for.

Reply by MistarellaFL on 2/8/07 5:36pm
Msg #174776

Re: when borrower calls you-Depends on the situation

If it is for a borrower that is dealing with a TC I work with on mail-away's,
I charge $100 and go through the package as if I were working directly for the TC, briefly explaining the function of the docs. (Decided by us prior to the brw contacting me)
If it is someone out of the blue, who saw my mobile notary sign, I usually charge $50-$75.
For that, they get me coming to them within a 10 mile radius, and all their notary pages notarized., no matter how many there are. Why? COD and limited liability.
I do not explain docs to these people, as that was done by their LO/broker before I have arrived, IME.

Reply by Pierces Notary Services on 2/8/07 5:45pm
Msg #174779

Re: when borrower calls you-Depends on the situation

well it actually ended up being a JP Morgan Chase refi - HELOC. Small package.

Reply by MikeC/NY on 2/8/07 7:24pm
Msg #174796

Re: when borrower calls you-Depends on the situation

In my case, both borrowers were sent the docs overnight and simply instructed to "find a notary". Both live in my town, and both found me here on Notary Rotary. When I got there, the packages were clearly flagged for what needed to be notarized, so I was in and out in 10 minutes.

I've been trying to figure out whether it makes more sense in these cases to charge a trip fee plus per signature fees, or charge a higher flat rate and include all pages that need to be notarized. I can see pros and cons for both approaches; I'd be curious to know how others are handling it (without discussing actual fees, to avoid the suggestion of price fixing....). NY allows $2 per signature, so I have to factor that into the equation...

Reply by Michelle Paull on 2/8/07 8:47pm
Msg #174808

Message Deleted

This message has been deleted by a forum moderator.

Reason: Advertising

Reply by MistarellaFL on 2/8/07 9:33pm
Msg #174820

Get back on your strippin' pole girlfriend

http://blog.360.yahoo.com/blog-DZLQii0wa6fH8pV7TctG

Reply by TitleGalCA on 2/8/07 9:39pm
Msg #174824

Misty...you're amazing.

Don't be messin' with the ole' grey dogs. They are too smart for the young pups.

Reply by TitleGalCA on 2/8/07 9:43pm
Msg #174826

Re: Get back on your strippin' pole girlfriend

***I picked "Supervixen" by Garbage and did my dance. I twirled around the pool the best I could. Took off my Tee Shirt. Revealing my pink bra and continued my dance. When the song was over I collected my tips and walked off the stage in a huge smile. It was a helluva great time and such a thrill to be up there. To hold the attention of a lot of guys and it was very powerful. The tips I believe is nice but it was the feeling of being desired by so many was amazing. I was in f***ing jeans and a bra and I had that type of attention. Wow!***

Uh yeah, this is who I want as a professional coach for signings.