Posted by LoanMonkey on 6/27/07 12:25pm
Msg #197208

Acceptable Payment???

I recently had a singing appointment in which we met at the realtor's home. After the signing, the borrower offered to pay me for the notary work cash!!! I told him that the payment would be covered through the transaction but I found about a week later that the deal fell through and I didn't get paid. My question is, SHOULD we accept payment from the borrower or realtor if they offer prior to loan funding???

Reply by PL on 6/27/07 12:36pm
Msg #197212

Whose money will you return when it funds? n/m

Reply by Todd/OH on 6/27/07 1:11pm
Msg #197218

It's a form of a bribe. If your commission - - -

means anything to you, you'll say no. Only once I took bottled water because it was a hot day. They probably had good intentions in your signing but consider it bait for a trap.

Reply by Linda Spanski on 6/27/07 1:59pm
Msg #197223

Re: It's a form of a bribe. If your commission - - -

How can paying your fee be considered a bribe? It's smart to ask the broker in advance how your fee is to be handled, and whose name (broker or borrower?) goes on your invoice. And how can you imagine a bottle of water as a bribe? Would you do anything differently whether or not you drank the water? I'm pleased when a borrower has the courtesy to ask if I'd like something to drink; so often they don't!

Reply by MistarellaFL on 6/27/07 2:09pm
Msg #197225

Right on Linda

<<<I'm pleased when a borrower has the courtesy to ask if I'd like something to drink>>>
Me, too. I keep a cooler with bottled H20 in the car, but before I did that, I was many times outta luck with brw's offering a cold drink.
Now if you have someone in your home who has cracked lips and the obvious signs of
cotton-mouth (think Jim Carrey in Me, Myself and Irene), wouldn't you offer a beverage?
I was always taught to be hospitable and offer something when a visitor/stranger came to my home, and I guess it isn't just me.

Reply by ZeeCA on 6/27/07 2:48pm
Msg #197234

Re: It's a form of a bribe. If your commission - - -

man I thought I was in BIG trouble... everyone offers something to drink....

lol

Reply by Rachel/ORWA on 6/27/07 3:12pm
Msg #197240

Re: A bribe would occur before performance. n/m

Reply by BrendaTx on 6/27/07 3:28pm
Msg #197244

Re: It's a form of a bribe. If your commission - - -

**They probably had good intentions in your signing but consider it bait for a trap.**

Well...I'll be.

Reply by BP/WV on 6/27/07 5:46pm
Msg #197252

Re: It's a form of a bribe. If your commission - - -LMAO!!!

OK let me get this straight.....you think you can lose you commission over a bottle of water? Where I come from, it's called "a kind gesture".

If that were true, the WV SOS should have revoked my commission over some pop and ice tea a long long time ago.

I'd hate to ask what you think about using a borrowers restroom.

FYI - Old faithful Webster defines bribe as:

1 : money or favor given or promised in order to influence the judgment or conduct of a person in a position of trust

2 : something that serves to induce or influence

Reply by Calnotary on 6/27/07 1:27pm
Msg #197221

Of course you can get paid at the closing. If the notary's fee is in the hud and it is "as"POC why not?

Reply by PL on 6/27/07 2:26pm
Msg #197229

I agree completely, but

the loan monkey did not state if there was POC by his fee.

Reply by Rachel/ORWA on 6/27/07 3:06pm
Msg #197239

Re: POC- I tried "search" - Paid on Completion?? thx, n/m

Reply by Linda_H/FL on 6/27/07 3:16pm
Msg #197241

Re: POC- "Paid Outside Closing" n/m

Reply by Rachel/ORWA on 6/27/07 3:32pm
Msg #197245

Re: POC - Thanks! n/m

Reply by NCLisa on 6/28/07 5:06am
Msg #197377

Only work for companies that pay 100% no matter the outcome! n/m