Posted by Jason Berger on 8/22/10 12:55pm
Msg #349985

Notary Fees paid in Pennsylvania

I'm a notary in New Jersey, and a friend of mine and I are thinking about being roomies and getting a place in PA. We are both part time Notaries and work for different companies respectively. In New Jersey, I've made anywhere from $75 to $125 doing an Edocs Refinance, mostly on the end of $75. He makes mostly on the end of $100 to $125. Anyway, I was wondering if any PA Notaries would be willing to divulge how much many you guys get for an Edocs Refinance or a HELOC, and how busy you guys are. Any information would be greatly appreciated.

Reply by Cartwright Notary Service on 8/22/10 1:09pm
Msg #349987

$75 - $125, usually they look at the lower end, but I normally can get $115 on average.

Reply by Jason Berger on 8/22/10 1:16pm
Msg #349988

Do you guys get a fair amount of business? Do you have to travel a lot further? If I kept closings to within a 15 or 20 miles distance of my home, I'd probably get 7 to 15 a month, depending. How is it in PA? Thanks.

Reply by ajd/pa on 8/22/10 2:26pm
Msg #349992

The companies are paying between $75 and $125, many around the middle of that. Where will you be located. I think how busy you are will depend on where you are and how far you might be willing to travel from your starting point. Jus don't undercut those of us already here to get more signings.

Reply by Cartwright Notary Service on 8/22/10 8:55pm
Msg #350041

Lets see, since March of last year I have had 5 closings total. Average travel is 30-40 miles.

Reply by Virginia/PA on 8/22/10 5:54pm
Msg #350024

July and August of this year have been my worst EVER. Perhaps you might starve. If you are not starving in NJ, stay put.

Reply by MW/VA on 8/22/10 8:05pm
Msg #350038

Why are any of you taking $75 signings? Are you printing at work?

Reply by Cartwright Notary Service on 8/22/10 8:55pm
Msg #350042

The $75 closings I did were less than 40 pages each, Time Shares.

Reply by Jason Berger on 8/22/10 9:40pm
Msg #350046

I take $75 and $85 closings because sadly it's all I get calls for. Right now, this is my bread and butter, and there isn't enough $100+ closings to keep food on my table. I primarily work for one guy who pays these rates, and yes, it sucks, but if I dropped him tomorrow, I'd have nothing. Sadly this seems to be the state of the Notary Closing Business today, and since I got into it in April of 2009.

Reply by Linda_H/FL on 8/23/10 8:23am
Msg #350087

"Sadly this seems to be the state of the Notary Closing Business today, and since I got into it in April of 2009."

No it's not - it's the state you've created for yourself - so no matter where you go this is the way it's going to be for you..

I accepted an offer for $75 last week - cash purchase - 27 miles rt (including package drop) - no notarizations, under 20 pages...no check to pick up as they wired the funds - less than half an hour - and on my way to the grocery store so a win win for me. All other loan assignments for me are $125 or more -

I'd suggest you review your marketing techniques...something somewhere is lacking - and your wallet is paying the price.

MHO

Reply by Janet Mitchell on 8/23/10 11:04am
Msg #350097

I only do this part-time but June was great, July I missed EOM due to vacation, but so far this month I have accepted 10 appts and heading to EOM. I have declined several due to working FT during the day. I have to agree with Linda/FL. This business is what you make it. Times have been slower than usual but I am starting to see an incline in business here it PA. I grab what I can.

Reply by MW/VA on 8/23/10 9:49pm
Msg #350205

IMO when they know you are part-time and it is extra income for you they will take advantage & offer lower fees. I also understand the reality that we all do what we have to do.