Reply by Susan Fischer on 3/12/07 9:24pm
Msg #179653
Pretty soon they're going to run out of seasoned pros who
understand the NSA bottom line: we are not the bottom of the chain; we're the strongest link. Face to face notarizing wet signatures on contracts.
Put another way, we are the soldiers on the ground getting the deal signed, in a highly competitive market, by the trillions of dollars in the Industry. By *lowering* fees, which were becoming usual and customery/industry standards, we are being denied a fair slice of that pie with respect to the service we render.
Signing Services arrange for the Close, they just don't Close. I find that all too often, I'm in communication with the TCs and Lenders, for immediate results, and the middleman is superfluous - with a big ol' piece o'the Pie.
I don't know. Is it cheaper to chance a NSA closing gone bad vs the thousands that fly? Do business 'on the cheap' by cutting Closer income? How is that 'trickle down' wealth working? The benefits to the working class by cutting corporate taxes? I don't see *lowering* NSA fees as a benefit.
I say, Signing Services are a weak link now, having outlived their usefulness to Professional Notary Closers, and the Lending Pie.
We Professional Closers, are not the bottom of the chain. We clinch that deal and send it out the door PDQ. Alot happens after that, that couldn't have happened without us: Mobile and High Tech; Experienced; Producer$ in the Chain of Wealth. It should be *harder* to get into this business, not the flooded market of wannabes and 'something for nothing' belivers. And those 'promoters' are getting rich selling the American Dream II. NNA, big piece o'Pie, ie.
If the Industry decides to trash the worth of Professional Notary Signing Agents (for lack of a more common designation), then an American principle of capitalism is broken; that the Producers receive a generous slice of the Pie. Farmers, manufacturers, service industries. Shrinking the Slice o' Pie hurts the tenuous middle class with market-glut 'replacements,' while the borrower/consumer suffers incompetency, and, no doubt, higher costs as a result.
Thanks for the rant time, and cheers!
Susie
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