Posted by MistarellaFL on 9/16/07 3:38pm
Msg #211416

What a bad joke this has become

Here we are, experienced NSA's (many of us) experiencing the biggest slow-down in our industry in many years, and the NNA is still cranking them out as if there weren't a glut of trained NSA's vying for business.
That is extremely frustrating to those of us who have learned the business the hard way,
while lenders, title companies and SS's are closing doors daily. Some of them owe me $$$.

Some of the posters don't understand why we get so irritated with this nonsense?
I foresee much more back-biting and frustration all the way around.

Reply by MikeC/NY on 9/16/07 8:41pm
Msg #211445

It's not just them....

Everyone keeps blaming the NNA for the glut, but try doing a search on eBay for "notary" and see what you come up with - that ain't the NNA selling signing agent training CDs for $9.99. And I'm looking at the schedule from the local high school for Adult Ed classes - here's a "Notary Signing Agent Course": $54 for a 2 hour session, and that includes "a full-year placement on our website's signing agent section" plus a list of signing companies as "possible leads" (I'm guessing SOX is at the top of that list...). Add to that the spam we all get constantly from people touting the next great notary directory, and you can see where this is going...

The NNA may have started the trend, but we're in a niche market now; other people who have nothing to do with the NNA - and who may have never done a single signing - have discovered that there is money to be made by selling the IDEA that you can make big money doing this. It will take a while before the "get rich quick" folks realize it's not that easy and move on to other things.

Reply by SharonMN on 9/17/07 1:50pm
Msg #211539

Re: Companies want experience now

I think we'll start seeing that inexperienced NSAs can't even get their foot in the door anymore. During the glut, all anyone was concerned about was speed - getting the docs signed NOW. Title companies judged their signing services (and lenders judged their title companies) based on whether they could fill the jobs. A certain error rate was acceptable as long as you could keep up with the volume. Now, with less work, companies that hire NSAs need to be concerned about keeping their clients by providing quality work. Those that use inexperienced NSA's and have a resulting high error rate will find that their clients will go elsewhere.