Posted by Vince/KS on 5/31/08 9:53am
Msg #249475

Fees/Salaries - 1003 Observations

Has anyone noticed the upward trend in salaries over the last few years? Perhaps it is just me, but this week I noticed borrower salaries ranging from $3,600 to $125,00 per month ... and this is Kansas (not the "expensive coasts". It didn't seem that long ago that I typically saw them in the $1,800 to $65,000 range. The houses seem the same - although appraisals are generally up.

It really makes me wonder why there has not been more talk of inflationary increases in Notary fees, rather than complaints about rising costs and lower fees being offered. Well, maybe not wondering, but why arn't more persons talking of either increased fees or fuel surcharges? Or are people actually raising fees and simply hoping they do not stand out in the crowd...

Reply by Lee/AR on 5/31/08 12:44pm
Msg #249504

Well, I've been yowling 'inflation' for years... as in

...in 1993, the going rate for o/n docs was $50...more, of course, for travel. And when edocs came along, they just doubled the fee (meaning $50=$100 or $65 =$130) or paid another $50/edocs if a lot of travel was involved--$100 (twice local fee) might only become $150 w/edocs.
I do wonder, tho', are these verified income or stated income loans?

Reply by KODI/CA on 5/31/08 1:07pm
Msg #249508

Having just completed the tax season, working full time at it, there is definately a major increase in salaries. Some of my clients increased 15-40 percent over 2005. Granted, this is in southern California, however, it covers most of the salaried occupations.