Posted by Carrie Adams on 7/17/08 4:56pm
Msg #255645

Fees

I am very new to this whole notary thing and I am trying to find out what the standard fee would be to notorize loan docs. I also want to know if I can demand to be paid up front. Can any one give me an idea...

Reply by ZeeCA on 7/17/08 5:06pm
Msg #255647

i would highly suggest that you reread the guidelines when

you click on post a new message as it is addressed there.

***************

"Important Notice
Please consider consulting the Search feature before asking questions. Many questions have been answered repeatedly on this forum by expert notaries: Should I buy a laser printer? • What are e-docs? • What is a signing agent? • How much should I charge? • How do I get started? Answers to questions like these are just a few clicks away!"

***************

there is more but that paragraph addresses your questions.

Reply by Linda_H/FL on 7/17/08 5:13pm
Msg #255650

Read your handbook as to what you can charge per

signature/notarization....then only YOU can decide what you need to charge for your service.

I do have a question - if you're "new to this whole notary thing" have you taken a loan signing class? Do you know what's involved in loan signings? I fyou are aware of what they entail, that will help you decide what your fee should be to get the job done at a profit. That and consideration for all your time and equipment. JMHO

Reply by Sylvia_FL on 7/17/08 5:24pm
Msg #255652

"I also want to know if I can demand to be paid up front"

Sure, you can demand anything you like

Reply by Susan Fischer on 7/17/08 5:32pm
Msg #255655

"...fee would be to notorize loan docs." Just my opinion,

but one should be able to spell the job one is attempting to charge a fee to do.

Reply by Christine Hall on 7/17/08 5:52pm
Msg #255657

LOL! n/m

Reply by ZeeCA on 7/17/08 5:54pm
Msg #255659

HEY CHRIS! n/m

Reply by Jack Tri on 7/17/08 7:10pm
Msg #255669

Re: Fees Carrie Adams

Loan docs Are something more then just notorize them You will mess them up if you dont know what you are doing They will have to redo redraw them. if boxs are not ck dates are not on docs right to cancle not fill out right.id papers fill out.If you write on the deed or note if trustee is not sign or is sign and not right.So many things.They are getting more and more picky.
fees would be what you have to do travel? or any thing extra.To start out being a signing agent is hard because business is slow.You wont make alot of money at it.Remember if you make a error they may sue you.So be careful.Good Luck

Reply by The Notary National Signers on 7/17/08 7:51pm
Msg #255670

Quack Quack

Carrie, the answer to your question is most notaries are getting $90 including e-docs. If you demanded payment up-front, you would probably not like the outcome. And you are entering this business at a very bad time. There are sooo many notaries with years of experience that are doing closings at this fee, why would someone use a newbie. I am not trying to sound harsh. My suggestion is to see if a local TC will train you. The pay will be less but the experience invaluable. In a year or 2, the market will have recovered and hopefully fees will have gone up. Plus, the TC will be a good reference.

Reply by Charles_Ca on 7/17/08 7:54pm
Msg #255672

That is unadulterated BS and wishful thinking on part of SS n/m

Reply by ZeeCA on 7/17/08 8:04pm
Msg #255674

any chance he will post to get his cheapo name out there n/m

Reply by ZeeCA on 7/17/08 8:03pm
Msg #255673

Re: Quack Quack seriously doubt a tc would want to train

anyone

$90???? you must be from xyz as that is THEIR fee recommendation.....

Reply by CaliNotary on 7/17/08 8:20pm
Msg #255677

Re: Quack Quack

"In a year or 2, the market will have recovered and hopefully fees will have gone up"

Fees ain't going up when the market picks back up. If the cheapo companies are able to get people to do signings for the next 2 years at $90, why would they suddenly decide to start paying more.

The companies that pay fair fees continue to do so even now. The companies that don't are never going to start. It's just going to get worse until most of the signing services and signing agents have priced themselves out of business.

And maybe most brand new notaries are getting $90, but most experienced notaries are getting more.

Reply by The Notary National Signers on 7/17/08 8:31pm
Msg #255684

Re: Quack Quack

I apologize for the Quacks, they were uncalled for. However, I was really trying to give the writer some sound advice. I am too tired to argue about fees. All I am going to say is they are what they are. I can only speak for NNS. We are growing bigger and faster than most. Obviously, we have notaries nationwide closing for us. We almost never use a notary with less than 5 years experience. NSA's are constantly writing about bad companies they work for. But, as I've stated before, nothing bad about us. Why is that. It must be that we are a great company to work for. A smart NSA will never write about a good company.

Reply by ZeeCA on 7/17/08 8:40pm
Msg #255688

man every chance you get you do that cut and paste paragraph

to advertise and advertise and advertise.


tsk tsk, following Harry's guidelines I guess does not apply to you ?

Reply by The Notary National Signers on 7/17/08 8:48pm
Msg #255692

Re: man every chance you get you do that cut and paste paragraph

I never cut and paste. Please let me know what rule I am breaking and I will stop. When I was informed not to post closings, I stopped. The only advertising needed is to TC's. Why would I advertise to NSA's. We have our database.

Reply by BrendaTx on 7/17/08 8:47pm
Msg #255691

**We are growing bigger and faster than most. **

How is it with all this growth of your company that you have so much time to post on NR?

I notice that the board has had a good bit of SS input on it lately...not just yours.

Reply by The Notary National Signers on 7/17/08 8:53pm
Msg #255696

Re: **We are growing bigger and faster than most. **

Look at the times I post. Most TC's close by 7 pm. The only thing left is waiting on NSA's to call to confirm closings completion or to inform of a problem. Oh, I also post during lunch sometimes.

Reply by sue_pa on 7/17/08 8:51pm
Msg #255695

You finally got it correct

...A smart NSA will never write about a good company...

You seem to base your fees and opinions on the negatives you read about. THERE ARE A LOT OF POSITIVES WE DON'T SPREAD AROUND. You also are correct that NSAs (not my job title) are constantly writing about bad companies they work for. They are warning their peers.

Why in the world would I post that ABC and XYZ Title both pay $200, and pay on disbursement. They get their docs sent out a day prior to the appointment. They have clean, neat packages. They have informed borrowers. ETC. Those of us with experience seldom post that info. although contrary to your ideas, those companies still exist.

Reply by The Notary National Signers on 7/17/08 8:58pm
Msg #255698

Re: You finally got it correct

Yes, I agree. However, for how long can a company that pays $200 compete with one that pays $120-125. And what happens when said company is contacted and offered the same services at a 35% discount? They might not jump all at once, but they will. And if the services promised are up to their expectations, then what? No more $200.

Reply by jba/fl on 7/17/08 10:59pm
Msg #255725

Re: You finally got it correct and then missed it again...

There are companies that will not change their habits - the big cats have no need to change their spots...they have $$ coming in that is fair to them, and since the notary is paid by the bo why would that interfere with their game plan?

Your assumptions go back to money again, forgetting about perceived value and actual value. The bottom line is not always THE way to go. If it were, "$244 Million doesn't buy what it used to" in message #4729 in Just Politics wouldn't be posing the question: "why this is still so close with such large funding differences?"

Reply by ZeeCA on 7/17/08 11:58pm
Msg #255731

i suggest that we stop responding to this guy so he will not

keep getting all that free advertising everytime he 'answers' I put quotes as all he is doing is pimping his buisness with his answers instead of addressing anything. and of course his low ball fees that he 'claims' everyone is offering and is a fair amount.

IGNORE HIM PLEASE

Reply by jba/fl on 7/18/08 12:10am
Msg #255733

I hear ya Zee; the other prob. is that he writes to every1--

very pushy with those ads, I agree!

Reply by Marlene/USNA on 7/18/08 8:24am
Msg #255757

You were among the first to respond to him ZeeCA n/m

Reply by Linda_H/FL on 7/17/08 8:36pm
Msg #255687

" most notaries are getting $90 including e-docs"

No...that's what YOUR company pays....MOST NSA's that know their stuff get far more than that....your statement is an out and out lie.

Reply by Sylvia_FL on 7/17/08 9:49pm
Msg #255704

Re: " most notaries are getting $90 including e-docs"

That fee is ridiculous, especially if it includes edocs!!
A notary accepting that low of a fee is doing a disservice to all NSA's out there.

Reply by NCLisa on 7/18/08 9:33am
Msg #255781

Re: " most notaries are getting $90 including e-docs"

You are promoting your LOWBALL fees again! Go advertise somewhere else! I am so dang sick of your propaganda!

Reply by Gary_CA on 7/17/08 11:56pm
Msg #255730

Moo Moo

$90 for e-docs comes right out of the bulls pututi.

I just bought $100 worth of paper, $84 toner and a $600 machine to print docs. (A brother MFC, big one, networked, I'm lovin' it... not just for loan docs, for everything).

Nope, not for $90.

Reply by Gary_CA on 7/18/08 12:03am
Msg #255732

If it walks like a duck, flys like a duck, quacks like a...

duck...

SHOOT IT!


They're pretty good eatin' but while they're alive all they do is spread crap.

Reply by ZeeCA on 7/18/08 12:23am
Msg #255736

again Gary... You said it so perfectly! thx n/m

Reply by christiSocal on 7/18/08 12:49am
Msg #255737

Lol, thats the best saying I've heard in a long time. n/m

Reply by Linda_H/FL on 7/17/08 8:50pm
Msg #255694

Poor Carrie's thread has taken a sharp left turn...

Carrie..go to msg 33325..start from there..and use the orange search button ... search "fees", "signing fees", "notary fees" and consult your handbook.

I personally would skip any posts about fees made by any signing company....but that's just me....I think their "opinion" is a bit skewed...

Good Luck!!

Reply by jba/fl on 7/18/08 12:11am
Msg #255734

right into the barnyard! LOL n/m

Reply by BrendaTx on 7/17/08 9:00pm
Msg #255700

**I also want to know if I can demand to be paid up front. **

For loan docs?

You can demand it, but it probably won't happen.

Reply by MW/VA on 7/18/08 8:55am
Msg #255765

Welcome, Carrie. There are many posts you can access using the "orange search" button.
Fees are not set in stone--many variables (area, #of notaries, etc.) This is what being in business for yourself, you need to negotiate a fee that your services command. It is every notary's dream to "be paid up front". That doesn't happen, as you can see from all the posts about non-paying, slow-paying companies. I hope you do your homework & get some training. This is a tough business, now more than ever, and you will benefit greatly from being prepared. Good luck!

Reply by Linda_H/FL on 7/18/08 9:14am
Msg #255772

Also, Carrie...one other quick thing I forgot to mention

click above on the "Find a Notary" tab - enter your zip code and the area of the search and see how many notaries are in your area listed here on NotRot alone - that will give you an idea of how stiff your competition is and will help you decide if this IS a viable business for you financially....JMHO

Sure hope you're still listening..