Posted by Anita Cuellar on 6/17/09 4:37pm
Msg #292606

Payment

Hi-

I have worked with a few title companies that pay at least a month later. Is this normal? How often should I send invoices? What is considered an on time payment?

Anita
Belmont, Ca

Reply by Teddog/CO on 6/17/09 5:12pm
Msg #292609

Anita sadly that's the life of a notary. Most 30 to 40 days after the signing. Try the search button regarding payments (lots of info.)

JMO Call the companies that owe you money and ask when your check will be sent.

Always check on NotRot to see how or if companies are good pay. Look in Signing Central for notary comments about the companies.

Good luck

Reply by Jess/CT on 6/17/09 7:20pm
Msg #292616

I send the invoice along with the closing documents. I send an email to inquire about payment on the 31st day, if I have not received the payment already.

It's good to check after 30 days, I had one signing company send my payment to the borrower's address, instead of my address in error.

Good Luck!

Reply by Cari on 6/17/09 8:01pm
Msg #292625

TC usually pay within 2 weeks, or when the loan funds...

SS usually take 30 to 40 to never to pay...do your homework first on NotRot, then ask what they're payment policy is, including no signing/no shows....

Reply by YumaAgent on 6/18/09 12:07am
Msg #292649

Here's another thought...

why wait 30 days for companies to pay when you should dictate when you should be paid. It's your business, right? Surely, the norm is probably net 30 days, by why not net 15 days. If disbursements are made within 2 weeks, why not ask for payment when loan funds

Reply by Bob_Chicago on 6/18/09 1:00pm
Msg #292704

You can set any rules and conditions that you desire.

The more trouble you are to work with, the further down
on the call list you go.
Better to do 100 signings and get paid for 95 within 60 days, than to do
six and get paid for six within two weeks.