Posted by Yowheelz on 7/24/08 11:15am
Msg #256578

$45 signings????

Got a call from Service Link to do a $65 signing, told no way but they said that was what billing had for my fee. I called billing and told her my minimum but she said that they probably wouldn't be using me because they had a lot of notaries doing closings for $45. It just makes me sick to think that there are notaries that so little value their position as to charge $45. No wonder that the rest of us who try to make a living as professionals have to haggle for every penny.

Reply by WDMD on 7/24/08 11:24am
Msg #256584

"It just makes me sick to think that there are notaries that so little value their position as to charge $45. No wonder that the rest of us who try to make a living as professionals have to haggle for every penny."

Key word there is notary. No one with a TPL could ever afford to do signings at that rate. If there are they won't last very long, they will never have the money for continuing ed or bonding or license fee.

Reply by Yowheelz on 7/24/08 11:53am
Msg #256591

question wdmd

Your MD, I'm MD and so are many others on this forum. Just how do you stop the notaries doing mortgage signings without tpl. We spend a lot of money to keep our licenses but it doesn't seem to matter. The Md Ins Admin only investigates what is put before them. There doesn't seem to be anyone checking that mortgages are done by licensed notaries. Just who does oversee this ?

Reply by WDMD on 7/24/08 12:05pm
Msg #256593

Re: question wdmd

"There doesn't seem to be anyone checking that mortgages are done by licensed notaries. Just who does oversee this ?"

My understanding is it is up to MIA to police the law. They are part of the state government, need I say more? Getting the government to do something that takes some work is impossible. It appears to me they will investigate if someone hands them the information, where they don't have to break a sweat. They get paid whether they do anything or not.

Reply by Yowheelz on 7/24/08 12:13pm
Msg #256594

Re: question wdmd

Thats what I thought, so it's up to us to find out who the notaries are, when they do a signing, who was the title company and mortgage company ............... Ain't gonna happen is it?

It's very depressing to take all the classes, pay all the fees and take the state exams to compete against the notaries that only pay a fee for their commission.

Reply by Alice/MD on 7/24/08 1:57pm
Msg #256613

Re: question wdmd

I just don't understand why MLTA pushed for this law to be passed , and not push for it to be enforced. They were the only way we could get the pre-licensing classes to take the TPL test back when. Now they don't push for enforcement ? I no longer belong to MLTA because they seem to do nothing about this problem in Maryland where notaries are signing agent without a TLP license. I am upset because I am getting ready to renew my TLP by August 2009 and I have to spend a lot to get renewed.

Reply by WDMD on 7/24/08 2:20pm
Msg #256618

Re: question wdmd

"I just don't understand why MLTA pushed for this law to be passed , and not push for it to be enforced. They were the only way we could get the pre-licensing classes to take the TPL test back when. Now they don't push for enforcement ? I no longer belong to MLTA because they seem to do nothing about this problem in Maryland where notaries are signing agent without a TLP license."




I think in the beginning when MLTA was pushing for clarification of the law they did expect MIA to aggresively enforce the interpretation. MLTA does, to my knowledge, encourage it's members to report any infractions they are aware of.

The real problem of enforcing the law is the way the AG of Maryland interpreted it. By adding the phrasing that "a notary who merely attends a real estate closing or settlement that is conducted by another person or entity and who merely witnesses signatures in consideration of the statutory fees that a notary is permitted to charge does not, in the view of MIA, fall within the scope of 10-101(i) and is not required to secure a title producer's license in order to perform such services."

By adding that phrase to the interpretation it makes it somewhat difficult to prove a notary conducted a closing illegally. As I stated earlier in this thread anything that would make a government employee get out of their chair and do some investigating is not something at the top of their list of things to do.

Reply by ZeeCA on 7/24/08 12:34pm
Msg #256596

Re: $45 signings???? so many took the 50-65$ signings and

think that if they prove themselves worthy the fees will only go up... nopers these 'notaries' need to realize that they identified themselves for what they are .... bottomfeeding no good/no sense and then the ss lowers the price more....

sheesh

Reply by Jack Tri on 7/24/08 1:03pm
Msg #256599

They may get a notary to do it. But they will not get a signing agent.to do it..docs will have to be redraw because not done right! The 1st time.

Reply by sue_pa on 7/24/08 10:17pm
Msg #256702

Do you have any concept of reality in this business?

...They may get a notary to do it. But they will not get a signing agent.to do it..docs will have to be redraw because not done right! The 1st time....

There are companies that pay on the low end and will never pay more, no matter how much experience you have. These cheap companies have HUGE numbers of notaries willing to work for these fees ... and I'm guessing the majority of the orders are returned correctly ... if not, after all these years the low ballers would be told to hire a better quality agent. The posters on these boards constitute such a very small amount of people working in this industry. There are so many lurkers none of us can possibly imagine. There are the low ballers who work for the $45 (or less) orders and there are the ones still earning $200+ per order - the majority of us who post on these boards are in between. I can almost guarantee when that guy in RI asked the other week about e-docs (not sure if what his price but it was VERY low) he had an over abundance of people wanting to sign up with his company.

Reply by JAGGWIN on 7/24/08 1:04pm
Msg #256600

I just checked my Account Receivable for last year. Service link paid me a minimum of $100 per signing. So....I wouldnt settle for less if I was you.

Reply by Yowheelz on 7/24/08 3:37pm
Msg #256638

Too many notaries in the county

I don't intend to settle for less, it costs too much to become and remain a TPL. I just spent $550 for CE classes and I still need one more CE credit. Plus the state fee and the surety bond and the, and the, and the.

Out of curiosity I just did a check and there are 1147 notaries in my little county. I figure thats about 1/3 of the population. (not quite, just sarcastic) Because it doesn't take any effort to become a notary every one applies. I know businesses that have 4or 5 notaries. I think the state needs to rethink the necessity.

Now, since I am soooooooo busy, I intend to cross reference and see how many are TPL.

Reply by Alice Jones on 7/24/08 5:33pm
Msg #256655

Re: Too many notaries in the county

I just got a solicitation from PIckanotary.com to join their notary pool of signing agents. I emailed them to ask if i needed a TPL to join as a Notary loan closer in the State of Maryland. They emailed me back as said " No you do not need a TLP to close loans in Maryland"
Should I report this company to the Maryland Insurance.

Reply by PA_Notary_II on 7/24/08 5:58pm
Msg #256656

Query and suggestion....

Are you assigned a license number when you pass your TPL ? If so (I would assume so)
why not approach your SOS to see if you can have it added to your seal. Even see if it can be enacted into law. Or see if your state rep. can introduce legislation to have the recorder of deeds verify licensure or reject recordings. It's apparent that state employees of any ilk aren't going to volunteer to do work that's not required of them. It would seem easier to have the recorder police the recording of mortgages and reject those that don't have proof of TPL licensure.

Reply by WDMD on 7/24/08 9:26pm
Msg #256687

Re: Query and suggestion....

" It would seem easier to have the recorder police the recording of mortgages and reject those that don't have proof of TPL licensure."

The only problem with that is, if you read my last post, you do not necessarily have to have a TPL to notarize a deed of trust. There is no way to verify simply by looking at a DOT if the loan was closed illegally or not.

Reply by Jack Tri on 7/24/08 8:37pm
Msg #256681

Re: $45 signings? Yowheelz

Did a service link job today they ok edocs 150.00 easy drive...on the hud shows 300.00