Posted by JulieD/KS on 6/24/09 11:12am
Msg #293373

notarization or loan signing?

I need some opinions. I've been told by a signing service that many, many signing agents across the country are doing these modifications for the sum total of $25. The packages are approximately 14 pages long.

I'm told there are dozens of agents who do these for $25. Who is doing these for $25?

Reply by notaryinmo on 6/24/09 11:23am
Msg #293374

I had a company advise me that they pay $35 for a loan mod. I told them I wouldn't walk out my door for less than $50 unless I could walk to the assignment. They said they couldn't, I said - well, let me tell you my fee for where you want me to go (25 miles away one way). When I told them my fee, I can only imagine that the phone line was disconnected - I just can't imagine someone would hang up on me when they are given a fair price...hehehe

I truthfully and legally can get more from general notarization work than $25!

Reply by MistarellaFL on 6/24/09 12:21pm
Msg #293383

I only do them direct for borrowers for $25. No printing.
Payment is COD in cash, and usually 1-2 notaizations in packages about 5 or less pages.

Reply by Ilene C. Seidel on 6/24/09 12:28pm
Msg #293384

It doesn't pay to walk out the door for $25.00, I've got better things to do.

Reply by jba/fl on 6/24/09 12:45pm
Msg #293388

Sometimes I take an I-9 for $25 if it is an area that I know I will be shopping or on my way. I figure it pays the gas and some of my groceries, etc. for what I am going to be doing anyway. They are flexible for time, so my choice/convenience.

Reply by A S Johnson on 6/24/09 12:43pm
Msg #293387

This does not happen in this area. Our fee is $75 which includes e-docs and up to 20 miles for this type of appointment.

Reply by MW/VA on 6/24/09 1:26pm
Msg #293398

It's often a way to pressure you into taking assignments for low fees--telling you there are many agents who work for that. The fact still remains that it's your business & you decide if you can accept an assignment for that kind of money. I've done a couple for a document service company--they overnight all the docs (no printing), I schedule at my convenience, etc. I got hung up on one yesterday & instead of taking 10 minutes I was there almost an hour. I won't take them for less than $50 from now on. Not that it matters to us, but many of these mods are being done at no cost.

Reply by Mae/TX on 6/24/09 1:57pm
Msg #293406

I got my first modification this week. They offered $60 and I countered slightly higher. They did an exception approval and agreed to my fee. It was 21 pages. None of the documents required notarization. Given that it was 5 miles away and I did not have to notarize, $60 would have been fair.

Reply by PAW on 6/24/09 2:11pm
Msg #293408

Did you offer a refund? n/m

Reply by Shirley M Parish on 6/24/09 2:40pm
Msg #293412

Re: Did you offer a refund?

To PAW. No, I did not offer a refund. As I stated their client cancelled.

Reply by PAW on 6/24/09 5:28pm
Msg #293442

Re: Did you offer a refund?

That was a rhetorical question. Besides, you did not mention that the client canceled. You said:
[quote]
They offered $60 and I countered slightly higher. They did an exception approval and agreed to my fee. It was 21 pages. None of the documents required notarization. Given that it was 5 miles away and I did not have to notarize, $60 would have been fair.
[end quote]

Reply by Mae/TX on 6/24/09 10:45pm
Msg #293481

Re: Did you offer a refund?

You are absolutely correct. That was a case of my brain moving faster than my fingers. I intended to add that fact in closing. But I don't think I would have refunded. :-)

Reply by A S Johnson on 6/25/09 9:09am
Msg #293514

Re: Did you offer a refund?

Mae,
where in TX are you.?

Reply by jba/fl on 6/25/09 9:15am
Msg #293516

ASJ: you can

click on mae's name as she is linked to her profile - see for yourself. You are not. When you post a reply, comment, etc., there is a box next to author box: if it is checked your name appears small blue w/blue box - ahaaa - now you understand the diff!

Reply by rengel/CA on 6/24/09 2:26pm
Msg #293410

I don't care what other notaries charge

I have my fee schedule and I stick to it.

My .02