Posted by lindanotary on 1/8/08 7:42pm
Msg #229707

$110.00 Double email doc closings

I am just curious who it is that actually does double email closing packages for $110.00. The lender told me that this is done by someone who is working by volume. This notary would be living in Des Moines Ia. Would like to hear how the volume versus quality works. I did get stuck with a few of these closings from the signing services and both sets are typically 120 pages each. Mathematically speaking that is 480 pages to print. So are you getting $25 for each set you print, or are you getting $30 per set of documents you notarize? I am holding firm, I need at least $150 for these closings and that is still a bargain.

Reply by jac_il on 1/8/08 8:11pm
Msg #229717

Notaries in Iowa are some of the most expensive fees I pay to notary. I will think the lender maybe lying to you.

Reply by NotaryGirl71 on 1/8/08 8:37pm
Msg #229725

I just got offered $90 for a 1st and 2nd (purchase) closing from Notary Pro....how insulting!

Reply by NotaryGirl71 on 1/8/08 8:38pm
Msg #229726

ooopppsss...forgot to mention it was an e-doc signing too!

Reply by desktopfull on 1/8/08 9:00pm
Msg #229739

They must really think we're desparate for work. Now they

are offering $45.00 w/edocs per closing. Let them fly in and do the closing themselves.

Reply by WDMD on 1/8/08 8:41pm
Msg #229728

"Notaries in Iowa are some of the most expensive fees I pay to notary. I will think the lender maybe lying to you. "

This really makes me quite curious. Why would notaries in Iowa be among the most expensive fees? Anyone know? Would it be because of the rural nature of the state? I know here in Maryalnd with the licensing requirements that does not seem to make a difference in fees offered so I am curious about Iowa.

Reply by lindanotary on 1/8/08 9:05pm
Msg #229740

You have to wonder when the companies are not willing to negotiate on the prices, just who is willing to do them.

Reply by jac_il on 1/8/08 9:37pm
Msg #229752

because it is very rural. The areas I have hired notaries in I had very limited choice. There are also dual commissioned notaries who go over the state line to cover the area.

Reply by CJ on 1/9/08 12:57am
Msg #229770

rural vs urban

I asked a SS directly about how they pay me. They said because I live in a packed suburb that is saturated with notaries, the title company knows they can get the SS to find someone for the low price. But when these same docs go to a rural notary, they know they have to cough up more money because of the drive.

Reply by WDMD on 1/9/08 5:01am
Msg #229774

"because it is very rural. The areas I have hired notaries in I had very limited choice. There are also dual commissioned notaries who go over the state line to cover the area. "

I know that Maryland is not a huge state. But there is certainly no over saturation of title producers. The only conclusion I can come to is either there are a few title producers running themselves ragged working for peanuts or companies are just hiring un-licensed notaries when they can find no one licensed to accept their paltry fees.

Reply by jac_il on 1/9/08 7:18am
Msg #229778

The OP is in Iowa not MD. I have not worked with someone in MD yet so I can not speak of my experienes there. To the Iowa notary set your price and stay firm on it.

Reply by WDMD on 1/9/08 7:29am
Msg #229780

"The OP is in Iowa not MD. I have not worked with someone in MD yet so I can not speak of my experienes there. To the Iowa notary set your price and stay firm on it. "

Yeah, I know how to read. i was responding to subsequent posts, regarding my question.

Reply by janCA on 1/9/08 9:09am
Msg #229799

Should it matter?

Whether you're rural or in a saturated city, it really should not matter. What does matter is the experience of the signing agent. Going down a list to find the "cheapest" says something about the entity that is hiring you. They don't want a quality NSA who will quote a "fair and reasonable fee" but someone they can easily take advantage of. If due diligence was done before the data base was built, and the potential NSAs were interviewed (via telephone) , there would not be the problems that have plagued so many SS's and title companies.

Reply by Sandra Clark on 1/9/08 2:13pm
Msg #229841

Re: Should it matter?

Yes it should matter - you can get just as good a Notary in the rural areas that you get in the urban areas. I know because I service 7 rural counties. I'll put my reputation up against anyones. My signings turn into 4-5 hours due to travel of anywhere from 40 to 75 miles one way. That means my drive time is 1 hour + each way, often on two lane roads, unpaved roads, up and down mountains all the while I am watching out for critters of the night running loose. Consider the wear and tear on my car, my gas prices, my time etc. Why shouldn't I be paid more? A signing that you get that takes 20-30 minutes drive time, safer roads, less wear and tear on your vehicle, less gas used etc. I have very few companies that don't understand the travel part - to them, I just say find someone else. My regular clients pay me for my time and expertise, Period.

Reply by jba/fl on 1/9/08 2:30pm
Msg #229843

Re: Should it matter? Of course it shouldn't

Sandra, I think Jan meant that just because she (me too) is in an oversaturated area doesn't mean she should be paid less for the same type signing as our rural counterparts.

Just because an address is 4-5 miles from me means nothing - it can take me 45 mins to navigate that short distance at certain times of the day. My area is so clogged, the roads cannot keep up the the new developments being inserted on whatever pocket of land is deemed usuable. Also, we are toll heavy w/rates about to reset again, and others in this situation have to take this into account as well. We still have critters to dodge at night, as now they are misplaced and homeless and attempting to relocate, plus higher concentration of the usual stupid drivers any large city seems to incur. Schedulers try to get me to budge citing "it's only 5, 8, 10 miles" without looking at maps that show it is two lane, no lighting, country roads filled w/huge monster trucks and good ole boys and their hot mamas whizzing around

Anyway I digress- just stick with what is fair to you. Or, as another said, let them fly in and do the closing.

Reply by jba/fl on 1/9/08 2:41pm
Msg #229844

Re: Should it matter?

Another thought: this is like to wage topic of the 60's regarding ERA. Why did men get paid more than women for doing the same job?

Why did I train a man for a company, and he got paid 2.5x's my salary? This still makes me boiling mad, all these years later. I will never eat at RL again as their refrain: he has a family to support. Why did they think I was working?

Reply by janCA on 1/9/08 4:15pm
Msg #229869

Re: Should it matter?

Yes, Sandra, you misunderstood what I was saying. It shouldn't matter whether you're an NSA in a saturated area or a nonsaturated area. You should still be getting a fair and decent fee from the hiring entity. After all, that hiring entity is still paid the same fee. It just comes down to plain old greed.

Reply by Sandra Clark on 1/9/08 5:20pm
Msg #229877

Re: Should it matter?

Evidently I did misunderstand your post - sorry. We all deserve decent fees no matter where we are located - but we will only get that if we stand firm and demand it.