Posted by Patty White on 7/17/07 12:30pm
Msg #200318
XP DOC Services
got a letter from them this ma, saying they were forced out of business after Ditech dumped them (Their words) however, I did get a check for 10.00 out of a $100.00 invoice for a signing I did for them. Has anyone else had this company do this to them?
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Reply by Leonard Presant on 7/17/07 5:26pm
Msg #200404
All Notaries must refuse to become prostitutes to the industry!
I hate to say this, but kiss your money good-bye. After working for this Signing Service for numerous years, I was also burned and received payment ($40.00 last night) for over $350.00 in completed work. WOW...doesn't loyalty pay!
As Notaries, we have nobody to complain to about this situation but ourself. Yes, DiTech did negotiate a better deal for themselfs at our expense, thus increasing their profit per loan, and we (the Notary) continue to ask for more of this abuse!
Unfortunately, "Prostitute Notaries" (those who accept loan signings at wholesale rates) are discounting our industry into non-existence and lenders simply don't care! Think about it...this week the Notary performs a signing at $40.00 and next week it will be $35.00 (or even less)...and at this pace, kiss our Notary business good-bye!
Notaries need to get a backbone. They need to start saying "NO" to reduced fee signings. If enough Notaries do this, I guaranty that lenders will think otherwise when it comes to reducing our fees...especially since the Notary is probably the only face-to-face contact the borrower will ever have!
Only when enough qualified Notaries say "NO" to reduced fees will lenders be forced to pay a fair, just and equitable signing fee.
Best regards and good luck from a very displeased Certified Loan Signing Agent.
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