Posted by Alice/MD on 8/12/08 6:20pm
Msg #259828

Been getting more overnight closings

I have been getting more overnight closings from most of my clients. I don't care as long as I get my fee. I can't remember getting these many in the past 2 years. What is going on?

Reply by NCLisa on 8/12/08 6:26pm
Msg #259830

Things have slowed down enough so they aren't rushing around. The lenders have time to get the docs out a day or 2 in advance. I'm still getting edocs, but I'm getting them 1 to 2 days before the closing.

Reply by Maranga Ink Resources on 8/12/08 8:52pm
Msg #259851

I can add that the cost of overnight docs is cheap than e-docs.....and few packages are beingg sent to the borrower itself.

Reply by Luana Lonergan on 8/13/08 8:24am
Msg #259892

I can't disagree more. I sent 2 sheets of paper (qwd) overnight to a client and it cost me $66.36. Guess how many times I want to do that. BTW, it was UPS

Reply by Les_CO on 8/13/08 9:59am
Msg #259910

I have both a FedEx, and UPS account that I use infrequently. Where it costs a Title Company $6-$7 to overnight a envelope, it costs me $26-$30. Big companies get a big discount. UPS has also been putting an extra "fuel charge" on packages to rural areas recently.

Reply by Frenchie/TN on 8/13/08 12:17pm
Msg #259927

Good lord Luana what kind of service did you use?

The only service that would cost that much would be the first overnight delivery which for UPS is by 8:am I think. Just out of curiosity you should go to www.UPS.com and get a quote for sending a letter and see what rates you get. By letter I mean a UPS envelope. Keep in mind that if you UPS something overnight in a brown envelope or a UPS pack (tyvek) it is more expensive than the standard O/N UPS envelope so always use the proper UPS (or Fedex) packaging. If you went to a mail store as opposed to a UPS store they might have overcharged you or have a huge mark up on their first O/N service.
And it is correct that big companies that are frequent users get HUGE discounts. Their cost is often lower than what a UPS franchise would actually pay.
Eveline