Posted by Yoli/CA on 10/21/08 7:47pm
Msg #267905

Chase in Louisiana called me yesterday

needed a notary for an acknowledgement about 5 miles from me. Borrower already had docs. Rep calling me had no other information. Told her I couldn't quote a rate without additional information. She said she'd find out what the docs were and get back to me. Of course, never did hear back. Anyone else getting these calls? Are they for just one notarization and what fees are you quoting?

For just 1 notarization I would charge the allowed $10 plus a $25 travel fee. However, what if when I got there it was a full loan package??? The person calling me had no idea. Said the assignment was just dropped in her lap from another representative. Sounded way too vague to me.

Reply by Linda_H/FL on 10/21/08 8:04pm
Msg #267906

Why not tell her just that - "For what you've requested, $10 plus a $25 travel fee, payable by the signers in full at the table .... however, if I get there and it's a full loan package, then my fee is $XXX.XX, payable by signers in full at the table." And don't forget to get return shipping information..MHO

Reply by Claudine Osborne on 10/21/08 9:26pm
Msg #267912

Just a thought with all the non payment issues..Why can't we just charge the borrowers?? I had a friend that had a closing and the agent asked her for payment! I am just throwing this out here..

Reply by Ilene C. Seidel on 10/22/08 5:37am
Msg #267921

You can't do that in all states. Maryland expects all fees to be on hud, it's against the law to ask BO for addl $$.

Reply by Yoli/CA on 10/22/08 9:37am
Msg #267926

Thank you all for your input. n/m