Posted by aanotary on 10/16/09 2:10pm
Msg #307614

What's up with this !

I don't know where to start and I am pretty angry. There are two Realtors that like me and want me for all their signings. Often when the request to use my services- they hear that I am not approved. So you may say- go and get yourself approved. I have submitted all the paper worked to two Title companies (one company twice) and I never show up on the "approved list." Of course I do a ton of work for all of these companies thru signing services. Some of the companies I have walked into the office and they say- oh, you are approved thru so and so ss. Yet these Realtors get the big thumbs down when the say - the want to use me. I think it is a control issue ( and a use my friend issue) Good example- last night I got to complete a signing- because the escrow officers two "friends" were both busy. Of course this amounts to significant $$ out of my pocket. Thanks for letting me vent and your comments are appreciated!!

Reply by Notarysigner on 10/16/09 2:26pm
Msg #307617

I was told this once and when I asked about it the answer I received was...."Fidelity approved notary", ..So many signings, so many years, three referring industry sponsors...okay, not me.

Reply by mwm143 on 10/16/09 2:32pm
Msg #307618

Seems an injustice to the people who are having to work harder now than ever to even get a loan to the closing table to lose control at a crucial point in the process - The Closing!

I have run into the same thing from time to time. LOs that I have worked with personally over the years and have ended up at a large lender out of Charlotte have absolutely NO control over the Signing Agent that will ultimately represent them. They are forced to use Cogent who uses Dynamic Field Solutions. Need I say more??

Reply by Karla/WA on 10/16/09 2:32pm
Msg #307619

Create a three-way relationship.

You didn't mention anything about the "lender"...usually it's the loan officer that has a little more pull in the closing than the real estate folks. The LO is the one who can typically select title and that person is your ticket to the signing.
Most real estate agents have developed referral relationships with one or two lenders they trust to do right for their clients. If you don't have a relationship with the loan officer, that's where I would start. Have the RE agents introduce you to the LO...and have them suggest that they create a three-way relationship so that "their" clients get the best service, their loans are closed accurately and the borrower/purchasers can get the keys to their homes! Good luck.

Reply by dickb/wi on 10/16/09 4:23pm
Msg #307646

Re: Create a three-way relationship.

in our area the listing broker has all the say so as to what title co will do the closing on a purchase.....if the title co doesn't want to use a closer that the real estate broker wants the broker just says fine then we will have totle co B do the closing.........the lenders very rarely if ever choose the title co or the closer......having said that most title co's have their own in house closers and rarely use outside closers but would if a real estate agent wanted it that way........the real estate agent is a large source of business for q title co......

Reply by Charles_Ca on 10/17/09 10:06pm
Msg #307734

That's always been the case with me! Broker rules! n/m

Reply by Ilene C. Seidel on 10/16/09 2:52pm
Msg #307622

The realtors or loan officers can tell the Title Co. they will use another title company if they don't comply. There are many fish in the ocean these days.

Reply by MW/VA on 10/16/09 7:34pm
Msg #307670

I ran into an issue like this with RM's. A particular lender had been using my services, switched to another tc, and the tc decided they were in control. They tried to tell the LO's they could not request a notary--utter nonsense. What it amounted to was that the tc (a really large one at that) wanted to pay a lower fee. It was a mess. The lender stopped using that tc, went with a local tc, and they close their own loans. What a hassle. I would report back to the people requesting you that the tc's are playing games. There are a lot of tc's out there who won't give them a hassle. Remember, though that some companies are on the alert about collusion, such as occured between appraisers & lenders.
I don't think that's the case though. Good luck.

Reply by CF on 10/16/09 7:40pm
Msg #307673

I know of some situations where the employees are begin paid a good rate for closings too. They are keeping the business for themselves. Pretty nice little bonus when you can work it both ways; a paycheck and $50-$75 per closing. Of course, they are using the TC's resources too.