Posted by CaliNotary on 4/28/08 6:48pm
Msg #245430

NDWA's signing service

Has anyone else on the board done signings for Andy? I've only done 3 or 4, but he's never paid me in a very timely manner. I did one on 3/21, still haven't been paid, he just contacted me and told me the check will be cut on 4/30, which is almost 6 weeks after the signing. I think the others took about the same amount of time before I got paid. And that really isn't acceptable.

I seem to remember a lot of big talk when he was starting the signing service but it doesn't seem like he's lived up to it at all. I expected more from him than the typical signing service due to the amount of time that he spends on this board. But I would settle for just being a typical signing service that pays us in a reasonable amount of time. Which is 2-3 weeks sooner than he's doing it.

You're a very nice guy Andy, but as a signing service, you're not so hot.

Reply by Kathy/ID on 4/28/08 7:34pm
Msg #245434

I have done 3 signings for Andy. He is a wonderful guy and has lots of info on the board.

1-26-08 pd 4-4-08
2-25 Not paid
4-22 Not paid

I have e-mailed and faxed about the 2-25 invoice. I will call tomorrow on the 2-25 invoice.

Reply by ericashaw on 4/28/08 7:44pm
Msg #245436

Who cares how soon?

If you are successful at this business, what difference does it make when he pays you? You know he will so why does it matter? If we called people out like this we would lose a lot of good people we work for. Once you are doing XXX amount of signings per month the income is a steady stream and it doesn't matter to me who they are from. If you trust him enough to take the signing, you should put up with the payment terms. There are many people who pay us well over a month out, one of them the check is over 1K per month so should I tell them they have to pay me in two weeks so they will find someone else? It just doesn't add up the way you demand your money immediately.

Reply by LkArrowhd/CA on 4/28/08 7:50pm
Msg #245438

Eric the reason being everyone has bills to pay.

The signing service is the middle man and if the signing service is slow pay, in my mind it is mis management of business. I do understand that many have encountered hard times but there are so many out there that even during the hard times never strayed from payment in a timely manner, this speaks volumes for their business, for these great business folks I bend over backwards. Kudos to them.

Let me also be clear, I have never worked for Andy.

3-4 weeks is ample time for payment.

Reply by CaliNotary on 4/28/08 7:52pm
Msg #245439

Are you kidding me?

It matters how soon because it's my money. Whether I need it to pay the rent or want to go blow it on pot and hookers doesn't matter.

Bank of America is a successful business, but you can damn well bet that they care when they get paid by their mortgageholders. You try using that argument with any of your creditors and tell me what happens.

And in what universe is 6 weeks after the signing "immediately"? How on earth am I supposed to take you seriously if you write ridiculous stuff like that?

Reply by Philip Johnson on 4/28/08 8:27pm
Msg #245440

If you're extending $1000.00 credit for 4-6 weeks

you're dancing with the Devil. One only has to remember that EFS was too big to fail and look at the money that was lost there. By the way I don't think that expecting payment in 30 days net is asking for your money immediately.

Reply by ericashaw on 4/28/08 8:33pm
Msg #245442

Re: If you're extending $1000.00 credit for 4-6 weeks

I am just saying that if you are doing closings every day, why are you worried about one check? There are always checks coming as long as you keep doing signings. We do well over 50 per month but if we demanded our payments in two weeks you could chop that number well under half. I understand its our money but I also understood that was the way this was before we started.

Reply by CaliNotary on 4/28/08 9:12pm
Msg #245447

Re: If you're extending $1000.00 credit for 4-6 weeks

"I am just saying that if you are doing closings every day, why are you worried about one check? "

Because I expect to be paid in a timely manner for every job I do. Why are YOU acting like that's unreasonable?

Do you use the same logic with your kids if they ditch school? If they're going every day, why would you worry about one day that they missed it?

It's called principle.


"We do well over 50 per month but if we demanded our payments in two weeks you could chop that number well under half."

Where did I or anybody else say we were demanding payment in 2 weeks? The general consensus on this board is that 30 days or less is plenty of time for these companies to pay us.

Reply by Kathy/ID on 4/28/08 8:29pm
Msg #245441

Re: Who cares how soon?

I am not complaining I am just stating my facts from working with him. I know he pays and he got my name from here. I am not here to undercut anyone, I am posting in response to payment history. This is my history from working with Andy. He has answered the phone every time I have called him and when he gave me a date to be paid the check was in the mail the day he said it would be.

Reply by CaliNotary on 4/28/08 9:07pm
Msg #245444

Re: Who cares how soon?

"He has answered the phone every time I have called him and when he gave me a date to be paid the check was in the mail the day he said it would be."

Meaning you had to call him to ask where your payment was?

Reply by R and R Notary on 4/28/08 9:07pm
Msg #245446

Attention Everyone

If you have a signing service that you currently work for and are unhappy that they pay in 60 days...even though they always pay by all means send the business my way. However, if you are unwilling to give me the referral then you probably aren't that upset so stop complaining. Either way I win.

Reply by CaliNotary on 4/28/08 9:14pm
Msg #245448

Re: Attention Everyone

"However, if you are unwilling to give me the referral then you probably aren't that upset so stop complaining."

OK, I'll refer any future Los Angeles signings with Andy's company to you. You're a winner! I hope your car gets good gas mileage.

Reply by R and R Notary on 4/28/08 9:32pm
Msg #245450

Re: Attention Everyone

Yea...that would be a tough one. But then again I would just say no thanks and still not have to hear any more of your whining. So yea...we have a winner.

Reply by CaliNotary on 4/28/08 9:50pm
Msg #245456

Re: Attention Everyone

I'm sure you'll appreciate that whining if you're smart enough to do a search on this board when you're called by a new company. I've been saved quite a few headaches because of the whiners on this board.

Reply by CaliNotary on 4/28/08 9:53pm
Msg #245457

1st Courtesy, First Courtesy

Just realized I never gave the company name, gotta make sure my whinings pop up if anyone does a future search!

Reply by Carolyn Bodley on 4/28/08 9:43pm
Msg #245453

Re: Who cares how soon?

**1-26-08 pd 4-4-08
2-25 Not paid
4-22 Not paid **

This payment schedule is completely unacceptable. In a few days it will be May. At this rate, just think--the signing done on the 22nd of April, you can expect to see sometime in August. Why should you, or any of us, have to fax or call for money we earned?

Reply by CaliNotary on 4/28/08 9:55pm
Msg #245458

The reasoning I got for the late payment

"That's just how my payroll was set up, rest assure you and everyone are guaranteed payment. "

Which is another one of my pet peeves. Blame the payroll (or computer is another popular one), as if it's completely out of their control.

Reply by Pat/IL on 4/28/08 10:18pm
Msg #245459

Re: It's riskier these days

Large companies and small companies experience financial trouble. When they decide to exit the business, many do so without satisfying their debts. That probably didn't need to be said.

Anyway, the more signings you complete for your best slow payer, the more free work you are at risk of donating at the end of that customer's ride. If you can tolerate that risk, and the maney today is worth it, go for it.

This is not a shot at Andy. I am sure he has every intention of paying all of his debts. And I have no reason to believe cash flow problems are behind the delays.

Message board banter, nothing more.

Reply by MikeC/NY on 4/28/08 11:17pm
Msg #245469

Re: Who cares how soon?

You can't be successful in ANY business unless you keep track of your receivables.

That $1K check per month may soon slip to every six weeks, to every 60 days, and then to messages on the forum asking others whether they've been paid recently.

If you want to let them sit on your money because they're "good people", that's certainly your prerogative. Personally, I look at this as a business, not a church social.... Just remember that every day the dollars sit in their pocket instead of yours, you're losing money and they're gaining it.

Reply by JanetK_CA on 4/29/08 2:58am
Msg #245478

Cost of money...

"...every day the dollars sit in their pocket instead of yours, you're losing money and they're gaining it."

Very true! And I think that is more the point. Companies that pay late are using the money of the people they owe to finance their business operations. Lots of major corporations do that, i.e. systematically pay vendors at 60 or 90 days., as policy, because that float is worth big money to them. I'm not excusing it (I don't think it's right), but they get away with it because they can. As someone on here allded to, the banks that hold our mortgage and credit card bills, etc. will immediately slap on substantial fees if we pay them late.

Even if we have enough cash flow or reserves to not have to worry about any given payment, we could be earning interest on that money that we have earned but not received. When invoices are past due, it means someone else is profiting from the use of those funds, whether it be earning interest, or servicing their own debt. Using other people's money may keep them from having to borrow from others and pay interest. It could also mean that the person they owe will have to borrow money and pay interest...

Reply by Ndwa on 4/29/08 5:21am
Msg #245479

1st Courtesy Signer's Network

At this opportunity I wanted to first thank all my friends (network- business partners) for your trust and continuing support. My apology to all, especially Calinotary, for a less than perfect payment schedule. I taken your criticism is an indication that "payment schedule" no longer meet your standard of business practice; Wish you the best of all clients.

I did endure a major set back. Rest assured that I have not and will not stiff anyone's right to a signing fee. I have and will pay interest as necessary to maintain good business relationships and standings.

Good day to all,

Andy

Reply by Kathy/ID on 4/29/08 9:30am
Msg #245492

Re: 1st Courtesy Signer's Network

Thank You Andy for posting. I have never thought you were trying to get out of paying for services. You have always been truthful to me in our dealings and thank you for that. You have always been there when called upon, unlike other companies I have dealt with. Keep this up it helps everyone.

Reply by Pat/CA on 4/29/08 9:42am
Msg #245495

Thanks for honesty, this shows honor as will follow-through! n/m

Reply by Kathy/ID on 4/30/08 4:01pm
Msg #245733

Re: Thanks for honesty, this shows honor as will follow-thro

I have spoke to Andy about my outstanding invoice and it is in the mail. Thank you Andy for being honest.

Reply by Kathy/ID on 5/2/08 7:19pm
Msg #245986

Re: Thanks for honesty, this shows honor as will follow-thro

I just wanted to post to let everyone know, and have it in the search, that as promised I received the check that Andy sent out.

Reply by CaliNotary on 4/29/08 3:44pm
Msg #245586

Re: 1st Courtesy Signer's Network

"I taken your criticism is an indication that "payment schedule" no longer meet your standard of business practice; Wish you the best of all clients."

It's not just my standard. I think the responses in this thread show that most of us feel that a payroll schedule that issues payment on April 30 for a March 21 signing is unacceptable.

And you're not the only one dealing with financial setbacks these days, we're all pretty broke. Sorry about whatever it is you're dealing with, but using MY money to deal with it is just wrong. You don't cause other people to struggle financially just to make your own financial struggles easier.

Reply by kathy/ca on 4/29/08 10:14am
Msg #245502

This is the most assinine response I have ever seen on this

board! "Who cares how soon"??????, "What difference does it make when he pays you"??? This IS a joke, right?????!!!!!

Reply by kathy/ca on 4/29/08 10:56am
Msg #245522

This post was in reponse to Erica's post. n/m

Reply by Les_CO on 4/29/08 9:44am
Msg #245496

Re: NDWA's signing service/In defence of some SS's

I have posted something like this before, In defense of some Signing Services… NOT the DEADBEATS, and THIEVES out there that don’t intend to pay anyone ever! But the good guys that work at tis every day.

There are many smaller Title Companies that use Signing Services. They do this because they don’t have the personnel to handle the scheduling, follow-up, or the accounting, required to do interstate closings. Many of these companies do not put the “Notary fee” on the HUD, they pay it out of their “closing fee”. So if they do 100 closings a month, they do not want to write 100 checks and send them out to 100 different notaries (and mess with 100 W9’s) that’s part of why they use a Signing Service. They (Title) may get paid when the loan funds, but they really want the Signing Service to bill them say, once a month; and then they send the SS one check (rather than 100 checks). In MANY cases the Signing Service is EXTENDING credit to the Title Company. And it can really add up. Also there are many FHA streamline loans out there now, and they fund the end on the month, no matter when they close. I have some friends that have a small SS. And last week they ‘extended’ a title company $29,000.00 in credit. They hired the notaries, the loans closed (this is only on closed loans) and they bill the Title company this week ( the Title company wants to pay monthly, my friends say NO, we have to be paid weekly) This is not counting the 53 closings they had Friday that will fund tomorrow, but will not be billed until next week. Now if this Title Company goes belly up tomorrow, my friends are really screwed ( Not because they don’t have the 30K, but because they do.)

All that said my invoice says 30 day net, and if I don’t get paid in 30 days I don’t work for that SS again.

Reply by Pat/CA on 4/30/08 12:16am
Msg #245647

Thanks for the info-it's easy to forget these facts. n/m