Posted by MistarellaFL on 6/20/07 1:16pm
Msg #196054

Please rate these SS:

Global Notary
Nations Direct
Precision Closings
Loan Closers
Pacific Document Signings

Reply by Linda_H/FL on 6/20/07 1:20pm
Msg #196058

Re: Only have limited experience with one

Nations Direct - they never met my fee - not even 50% of my fee - on a scale of 1-10 - they get a "0" from me..

Reply by Gary_CA on 6/20/07 1:27pm
Msg #196060

Howcome your post has a different icon??? inquiring minds... n/m

Reply by Sylvia_FL on 6/20/07 2:51pm
Msg #196092

Re: Howcome your post has a different icon??? inquiring minds...

Gary, the icon means that the post is linked. Click on the post, and where the reply options are you will see "Link", you can click on that link.

Reply by Todd Atkins on 6/20/07 1:30pm
Msg #196062

I've had experience with Nations Direct, Loan Closers and Pacific Documents. Nations Direct doesn't pay alot. Loan Closers now requires paid membership. I've only had a couple from Pacific. I can't rate any of them as great.

Reply by LJ on 6/20/07 1:43pm
Msg #196064

Precision & Pacific pay in 30 days.


I have gotten more out of Precision than Pacific when I state my fee.
Pacific o/n doc's most of time.

Reply by HawaiiNotary on 6/20/07 1:53pm
Msg #196067

I think I've dealt w/all of these in the past, but not recently. The ones that stand out to me are Nations Direct -- way off in my opinion on their fees. Not sure if Pacific Document Signings is the same as Pacific Document Services -- if so, they promised me a certain fee for edocs and then only paid me the overnight fee. Still trying to collect. . .

Reply by Linda_H/FL on 6/20/07 2:39pm
Msg #196087

HawaiiNotary - check you p/m..

Reply by cara on 6/20/07 2:15pm
Msg #196072

It has been a while since I have worked for Nations Direct and Loan Closers. They rarely meet my fees. The last call I had from ND offered me $90 for e-docs that required a 35mile drive OW for Spanish-speaking BOs (these often take longer, I have found). I have not had payment problems with either one of them. I have no experience with the others.

Reply by PB_CA on 6/20/07 4:17pm
Msg #196121

I did signings for Precision last year and they did accept my fees and paid in a timely manner but I hadn't heard from them until today and they have lowered their fee to $45.00 for overnight doc's. They ask if you will be willing to accept the lower fee if they keep you close to home (5 miles-1 way). but now who knows.

Reply by SueW/Tn on 6/20/07 6:14pm
Msg #196135

Global: Only done O/N's, 30-40 days out
Precision: I've only done O/N's for them, pay within 30 days
Pacific: Good fees, 45 days out

Reply by MelissaCT on 6/20/07 9:16pm
Msg #196160

Precision is ok. Not real high on fees, always fax backs -- however, they do pay like clockwork, the borrower always knows what they're getting & the packages are small.

Pacific Document Signings: Pays in 2-4 weeks, although the last one I did for them took months to get paid (had to re-fax invoice), but that isn't the trend for me with them. You have to fax their invoice form after closing for payment.

Nations Direct: Pays end of month following signing (sign in Jan, receive check end of Feb) However, they nickel & dime & are low pay unless desperate.

Reply by CJ on 6/21/07 12:10am
Msg #196195

The Ditech factor

I have worked regulary for all of these over the years. All of these guys have Ditech for a major client. Ditech needs to be faxed back becuase they dock their SS points if the notaries make mistakes. You have to wait for approval before dropping. (I have done Ditech for 7 years, and I still make little oversite errors that QC catches.) If the SS gets enough points (50), they get no work from Ditech for a month. This puts all the notaries in their database out of work for a month because of a few notaries' mistakes. Therefore, some of these companies say if you don't fax back, they won't pay for that job, becuase the risk is so great for the other notaires and themselves. If it is not a ditech loan, you do not have to fax back.

Ditech is lowering their fees to the SS, (I think down to $90) and some of the companies are passing the problem on to us. Ditech is quick and easy to sign, except for the fax backs, becuase they prepare the borrowers well, and don't lie to them. Most loans are fixed with no PPP. I breeze though them in 30 minutes easily.

Nations Direct has low fees ($45) (I always say call be back if they get approved for $50. sometimes they do), and Loan Closers just lowered their fees too to $45, which is irritating since they gave me so much work. Before Ditech cut their pay to the SS, everyone excpet Nations Direct was paying $50 ($75 for doubles.) Now Ditech is advertising a "no cost" loan, which means notarys will be chipping $5 or more on cut fees to help the borrowers get the loan. I think this is so stupid since Ditech is owned by GMAC. It's not like they are hurting. Plus, don't they get hundreds of thousands of dollars on interest on each loan? This is a tough dilema for me becuase Ditech has been my bread and butter. I want to do ditech, but I don't want to do them for $45. I do tons of loans for them for $50, and it really adds up. I am in a populous suburb, so the driving isn't very far. But if I turn down the $45 jobs, I will cut out a lot of work. But $45 is unconsionable. One other company (not listed) said even if they only wind up getting $10 profit per Ditech job, they do not want to go below $50 to pay the notaries, but they they are scared they will not be able to make their overhead and go out of business.

I have never had any of these people have a problem paying me. Some are faster than others, but they all pay. Loan Closeres likes an invoice at the end of the month, which I often forget to do. But once I send them an invoice, the check shows up.

Recently, (last week), Ditech had a bidding war to see which companies would go the lowest for their work. I wonder who won (they are going to pick three). The winners will want to pay us less, and the losers won't be able to pay us at all.

Reply by BrendaTx on 6/21/07 6:42am
Msg #196211

Re: The Ditech factor - again I ask this question CJ

What size are these $45 to $50 packages that notaries take?

To me (a Texan with packages never, ever under 100 pages) what size are the packages you are dealing with for that price?

Reply by CJ on 6/21/07 2:12pm
Msg #196305

Re: The Ditech factor - again I ask this question CJ

Ditech packages are about 60 pages. The borrowers get so many pre-disclosures that they gag at the thought of reading them by the time I show up. They shut their eyes and sign.

Reply by SharonMN on 6/21/07 11:10am
Msg #196256

Re: The Ditech factor

re previous post: " Ditech is lowering their fees to the SS, (I think down to $90) and some of the companies are passing the problem on to us....One other company (not listed) said even if they only wind up getting $10 profit per Ditech job, they do not want to go below $50 to pay the notaries, but they they are scared they will not be able to make their overhead and go out of business. "

SS need to remember that they are a business as well. The customer cannot dictate pricing. Obviously, you want to try to retain a good customer, but you still need to run your business to make a profit. Notaries need to charge for their overhead plus a profit. SS need to change their customer what they need to pay for good notary service, plus the SS overhead, plus a profit. If you can't get your customers to pay that amount, it's time to either find new customers or decide this is no longer a viable business and do something else.

I have a certain amount of money put aside to have a fence put up on my property. All of the contractors I've contacted charge more than that amount. None of the contractors have agreed to do it for the price I'm willing to pay. They aren't taking my job and telling their workers they can only pay them $20 a day or whatever for this job. They know their business and what they need to charge for it to be worthwhile.