Posted by Brason Services, Etc. on 3/29/08 5:06pm
Msg #241328

Non payment of loan signing

I am a new notary signing agent and did my first loan signing last month. It has been over 30 days and I haven't received payment. My fee was to be paid from the title company (as indicated on the loan docs) but the rep told me he sent the payment to the signing company. I have put a claim in with the signing company as noted on their web site and they have not responded to my emails or voice messages. Any suggestions?

Reply by LKT/CA on 3/29/08 5:31pm
Msg #241334

What is the name (and address) of the signing company? If the signing company hired you, they're the ones that will pay you, barring they're not a deadbeat company.

Did you research this company on the notary forums before taking the assignment?

Reply by Nomad/OR on 3/29/08 5:37pm
Msg #241335

What SS was it? Look over their policy for payments to see what timeframe you are looking at. I have been paid in as little as five days to as long as 45-60 (depending on funding schedules).

If you got hired by a deadbeat you might have to wait a few months while constantly hitting them up for payment, or, you just might not get paid at all (That happens).

Check out Signing Central to see how they rate, Google them as well to find any other good or bad surprises.

Next time an agency calls, Google them while you're on the phone with them. If you don't like what you see you can tell them you are already booked for that day.

Reply by CaliNotary on 3/29/08 10:46pm
Msg #241358

"If you don't like what you see you can tell them you are already booked for that day."

That's the wimpy way to do it. The correct way to do it is to tell them exactly why you're refusing to do the signing.

Reply by Nomad/OR on 3/29/08 11:54pm
Msg #241362

I've gone back and forth on that angle myself a few times.
Ultimately I figure why should I tell them that I don't want to work for them because they are deadbeats? All that would accomplish is to make them angry at ME and possibly start slamming me to other agencies or people. I'm not going to stir the mud for no reason when I don't have a vested interest.

No, if they are a deadbeat company, they will figure it out when they can no longer get signers to work for them.
Besides, if management changes and they start paying their bills, I don't want to be remembered as the one who accused them of being deadbeats.

Reply by LKT/CA on 3/30/08 12:40am
Msg #241368

When LIA called me for a signing, I didn't call them a "deadbeat". I simply told Miguel his company was listed on several notary forums as not paying the Notaries and I declined the job. He just said, "um, uh, ok thanks" and we hung up. If he got angry at all, it was probably because he couldn't dupe me into working for free.

Unfortunately there are deadbeat companies still in operation because they can find Notaries willing to do the $50 jobs.

Reply by MikeC/NY on 3/29/08 7:00pm
Msg #241340

<< My fee was to be paid from the title company (as indicated on the loan docs) but the rep told me he sent the payment to the signing company. >>

Do you mean your name was listed on the HUD-1? That would be unusual if there's a SS involved. If you WERE listed on the HUD-1 and the TC paid someone else, I think that would be a RESPA violation - those funds are supposed to be disbursed as listed.