Posted by LOVETEAM on 12/30/10 11:57am
Msg #366413

SOMEONE PLEASE TELL ME...

What companies you work for that will pay you when a signing (residential refi) doesn't fund. (and regardless of the reason). I work in Pa, and NJ so I don't expect anyone in my area to respond due to competition.
Thanks in advance for replying back
john

Reply by Linda_H/FL on 12/30/10 12:00pm
Msg #366415

Good, solid companies with working capital to back their operating expenses.

Reply by HisHughness on 12/30/10 12:05pm
Msg #366418

COMPANIES WHICH OPERATE...

UNDER SOUND BUSINESS PRACTICES, AND WHICH HIRE SIGNING AGENTS WHO OPERATE IN THE SAME FASHION.

You've been told that now by several experienced signing agents. Live with it.

Reply by LOVETEAM on 12/30/10 12:27pm
Msg #366426

Re: COMPANIES WHICH OPERATE...

But I asked for a name. Send a name of a company that will pay when a loan rescinds. send it private so your competition doesn't see.

Reply by LOVETEAM on 12/30/10 12:25pm
Msg #366425

That's not what I asked for. Give me a name. Send it private so your competition in Fl won't see it.
john

Reply by Linda_H/FL on 12/30/10 12:02pm
Msg #366416

Re: SOMEONE PLEASE TELL ME...too quick

Also, companies who price their services correctly to allow for these operating expenses (paying themselves AND the notary)....

Reply by LOVETEAM on 12/30/10 12:27pm
Msg #366427

Re: SOMEONE PLEASE TELL ME...too quick

Give me a name!

Reply by LauriecPA on 12/30/10 12:05pm
Msg #366417

apparently not Family Abstract n/m

Reply by LOVETEAM on 12/30/10 12:28pm
Msg #366428

Re: apparently not Family Abstract

Give me a name! You didn't answer the question.

Reply by kathy/ca on 12/30/10 12:10pm
Msg #366419

John, its simple, just ask about their policies upfront when

you are called. True, I am not YOUR competition but you are not the only NSA that reads this board. If you go to SC and research the companies with 4-5 star ratings you will easily find out for yourself which companies are solvent and which ones are not. Good luck!

Reply by LOVETEAM on 12/30/10 12:19pm
Msg #366422

Re: John, its simple, just ask about their policies upfront when

Send me a private message, so no one will see

Reply by Moneyman/TX on 12/30/10 12:11pm
Msg #366420

"What companies you work for..." - EVERY SINGLE ONE OF THEM

As well as what the others have stated. I don't work for free. If I'm hired to do a job and I complete that job -- PAY ME. If a company does not have the working capital to operate they should not be in the business of hiring others.

Reply by LOVETEAM on 12/30/10 12:30pm
Msg #366431

Re: "What companies you work for..." - EVERY SINGLE ONE OF THEM

You did not answer my question. Give me a name of a company that will pay when a loan does not fund. Send private so your competition doesn't see

Reply by Moneyman/TX on 12/30/10 12:34pm
Msg #366435

And I'm not going to. You set up your own business payment

rules and this will not be an issue.

Reply by LOVETEAM on 12/30/10 12:23pm
Msg #366423

NOT ONE OF YOU COULD GIVE A NAME OF A COMPANY THAT PAYS THE NSA WHEN THERE A LOAN HAS NOT FUNDED. Some told me they did not want to reply on the public forum, so I requested a private response. of course I do not expect any of my Pa, NJ competition to reply. I don't think I will get one company. Come on people

Reply by Moneyman/TX on 12/30/10 12:28pm
Msg #366429

Are you really that lazy? You want others to give you

information that you refuse to look up? Or that you don't set your own business payment standards for YOUR OWN business?

Reply by LOVETEAM on 12/30/10 12:50pm
Msg #366443

Re: Are you really that lazy? You want others to give you

It's not being lazy. I AM CALLING YOUR BLUFF!!!
But nice come back anyway. A bunch of spinners we have here.

Remember, you called me "lazy"

Reply by Moneyman/TX on 12/30/10 3:24pm
Msg #366468

Do you work FOR the company that tries to rip off NSA's? n/m

Reply by James Dawson on 12/30/10 12:28pm
Msg #366430

I could give you six.....but then what? P/M? maybe you should have started out with P/M and you would get better response......this forum is NOT a game, trust me. If fact, trust me when I say six since at least you can ID me..................that's what the companies that pay well do when they hire you. My .02

Reply by LOVETEAM on 12/30/10 12:33pm
Msg #366434

Don't send me 6, send me 1 that pays when a loan does not fund. Mr Dawson, you are in California, I am not any competition to you. Send me a private message of one company that will pay you when a loan/refi does not fund.
john

Reply by James Dawson on 12/30/10 12:46pm
Msg #366440

Trust Mr. John......you certainly are no threat to me, so no need to prove myself....on second thought....Servicelink!

Reply by LOVETEAM on 12/30/10 1:03pm
Msg #366447

I did not present myself as a threat to you Mr Dawson, and I resent that line, and no I don't have to prove anything to anyone except myself, and my clients!
Your are the 2nd one who gave me Service link.

Reply by James Dawson on 12/30/10 1:05pm
Msg #366448

W W J D ? n/m

Reply by Moneyman/TX on 12/30/10 6:25pm
Msg #366486

Do tell .. What Would James Do? ;-) n/m

Reply by Dorothy_MI on 12/30/10 10:05pm
Msg #366536

Last I knew, so did Global Notary n/m

Reply by Mary Ellen Elmore on 12/30/10 6:50pm
Msg #366493

I do not P/M ppl that do not link to their profile.

Reply by Bob_Chicago on 12/30/10 12:31pm
Msg #366432

At the risk of being flamed, I find this to now be ....

a non-issue.
Not going to rehash the discussion of yesterday, but I can see the point of TCs not paying in the event of a no funding, at least if such policy has been disclosed to the NSA in advance.
That could also be the downside of the NSA being listed on the HUD as some have urged.
In today's lending climate , however, it should not be a significant issue.
Back in the bad, old , sub-prime lending days, it was a problem, as many bwrs did not know loan terms prior to NSA showing up with dox. Many bad surprises, such as undisclosed fees, variable rates, unexpected reqiured debt payoffs etc, etc.
Now bwrs know all significant terms in advance. I can count the number of no-signs and recissions during the past 2 years on the fingers of one hand.
I see no point in turning aside profitable work just because there is a remote chance that you will not be paid in full due to a recission or no-sign.
As i have said before, "You have a 100% chance o not getting paid for a job that you turn down because there is a chance that you will not be paid"
Wishing a happy, healthy and prosperous New Year to all of my NOTROT family.

Reply by Susan Fischer on 12/30/10 12:35pm
Msg #366436

Great post, Bob. n/m

Reply by Ilene C. Seidel on 12/30/10 4:09pm
Msg #366475

Re: Great post, Bob.

I'm in complete agreement with Bob. Its a rarety that a loan doesn't fund.

Reply by docs1954CA on 12/30/10 12:36pm
Msg #366437

If it will shut you up,here's a couple

MDA,and Servicelink will pay the full fee if the borrowers cancel.There are numerous others that appreciate our services and don't feel the need to cheat us by playing the old "it didn't fund, so we have no money to pay you" game.

If you are told upfront you won't get paid if the loan doesn't fund,then there's a meeting of the minds.Yesterdays incident had to do with that being told to the Notary AFTER the work was done.

Reply by LOVETEAM on 12/30/10 2:21pm
Msg #366459

Re: If it will shut you up,here's a couple

I spoke with Service Link today. The closing coordinator stated that they will pay only a partial payment (less than 50%) to cover miles, and printing. Not the whole fee. I will contact MDA, and please do not tell me to shut up!

PS: So far I have been given only 2 companies. The board has made it seem that many more companies compensated Notaries for cancellation. I believe my point has been made.

I must have hit a few nerves today with all the little nasty remarks from my peers

Reply by docs1954CA on 12/30/10 3:15pm
Msg #366466

Okay loveteam troll,my last remark i promise....

I work for at least 25 companies, maybe more, that are listed in signing central that pay the FULL FEE regardless of loan funding status.Am I going to take the time to tell you in the forum,or in a PM? No I won't. Do your own research, they are there.I don't work for ANYONE, with that no fund, no pay crap.That's just part of my business model, and it's working quite well thank you.

Reply by Moneyman/TX on 12/30/10 3:26pm
Msg #366469

Because your repeated cries are not worth it is why only 2.

And I also accept work from ServiceLink -- I'm paid regardless of the funding of ANY loan.

Reply by Moneyman/TX on 12/30/10 12:47pm
Msg #366441

No flames here Bob

You are correct that this is not as much of an issue as in the past. The bottom line is that companies that wish to operate this way have an obligation to disclose that to the SA in the confirmation and not after the work has been preformed. Of course the SA should also mention that their payment is not dependent upon the funding of the loan (outside of any notary errors) as well in their confirmation reply to the company.

If disclosed prior and someone decides to accept the assignment with those terms, then all is good. If they decide to reject it as well due to those terms, then all is good then too. Personally, I would charge more if a company wanted to place those terms in the contract, which would probably rate a "I'll have to get that approved" type of response.

I would add to your 100% saying by adding that if a company has a reputation of not paying and you accept a job then you take your chances of working for free. And those chances are higher with a company that has that reputation. Profit must always be on the mind of a business owner when deciding to accept or reject business.

And a Happy and prosperous New Year to you as well!

Reply by Stephanie_CA on 12/30/10 4:58pm
Msg #366482

Re: At the risk of being flamed, I find this to now be ....

Happy New Year, Bob!

Reply by Lee/AR on 12/30/10 12:31pm
Msg #366433

ServiceLink...now go to SC and find the others on your own n/m

Reply by LOVETEAM on 12/30/10 12:45pm
Msg #366439

Re: ServiceLink...now go to SC and find the others on your own

Thank you Lee, i will be in touch with them (Service Link).
But, what is "now go to SC and find others on your own n/m?
john

Reply by Mary Ellen Elmore on 12/30/10 12:44pm
Msg #366438

"What companies you work for that will pay you when a signing (residential refi) doesn't fund. (and regardless of the reason)."

I do not know of one that will pay you if it doesn't fund due to your errors and you refuse to correct them without charging extra.

Reply by LOVETEAM on 12/30/10 12:48pm
Msg #366442

Thank you Mary Ellen. I've asked that question to find out what magical company will pay. I received one response and that was Service Link. I have never worked for the but will give a call, or email to find out what their policy is.

Reply by Donna McDaniel on 12/30/10 12:55pm
Msg #366445

Here's an idea, LOVETEAM.

Why don't you go to Signing Central, call every title co listed, and ask them what their policy is. Then you can post the results for us so we know who not to do business with.
TIA.

Reply by LOVETEAM on 12/30/10 1:13pm
Msg #366449

Re: Here's an idea, LOVETEAM.

No Donna, Your/mine peers made a statement about being paid when a loan does not fund. The answer is that I'm looking for is not being presented to me. All I have been getting is answers like yours. I received one company from 2 NSA's .
I called that company, and asked them if they would pay a NSA for a non funded refi loan. They stated that they would send something for your efforts like for printing, and the drive but they would not state how much. I was paid once for a loan that did not close and received about 20% of my fee.
Is this what everyone has been crying about? Not to mention all the answers and some catty remarks, I only received one company. So it appears you folks were giving out wrong information about getting paid. and Donna, If I need any ideas, I'll ask for them.
Happy New Year All

Reply by Moneyman/TX on 12/30/10 12:53pm
Msg #366444

"I do not know of one that will pay you if it doesn't fund due to your errors and you refuse to correct them without charging extra. "

Same here, but that is not what he was asking. He asked "...(and regardless of the reason)."

I know of some companies that want notary errors fixed at no extra cost and they also refuse to pay for the original closing on top of that. I don't work for them either, but I do know of them.

Notary errors should always be fixed at no extra expense to the hiring company, IMO.

Reply by James Dawson on 12/30/10 1:32pm
Msg #366452

If I wanted the answer to that question bad enough I would.

offer in incentive to obtain that information like every other CSI sleuth hound

Reply by LOVETEAM on 12/30/10 2:23pm
Msg #366460

Re: If I wanted the answer to that question bad enough I would.

Stop spinning me Mr Dawson. I asked a question, and so many did not, could not answer so mostly all I received was spin, or as we would say in the Philly area "BS!"

Reply by rengel/CA on 12/30/10 2:59pm
Msg #366464

Sniff... Sniff.... Smells like Troll in the Morning to me n/m

Reply by Moneyman/TX on 12/30/10 3:34pm
Msg #366470

True n/m

Reply by Frank/NC on 12/30/10 4:27pm
Msg #366479

Re: If I wanted the answer to that question bad enough I would.

May I join this by asking how much experience do you have as a business person, signing agent, or, for that matter, interacting with others. Sound to me that you are asking others to do your work and then become argumentive when you don't get the information you want. Most of the people on this forum have a great deal of experience not only in the Notary Signing Agent area but, life experience as well. Also sounds like you need a lot more experience in all areas mentioned. Most people on this forum will bend over backwards to help in answering legitimate questions. If you think most answers were BS that might be a good indication that the question asked was also of the same variety.

Reply by LOVETEAM on 12/30/10 4:33pm
Msg #366480

Re: If I wanted the answer to that question bad enough I would.

It was a simple question Frank, and only one person sent me an answer. If you would have read all the posts, you would have seen my experience as stated, and I have my share of life experiences to go around as much as the next person. So stop the attacks, I asked a question, and as in most cases, people read what they want to.


Good night, good by
john

Reply by JanetK_CA on 12/30/10 11:29pm
Msg #366543

You set yourself up to not get the answers you asked for.

I think it might behoove you to dial back the attitude a bit. I haven't had time to keep up with all that's been going on here lately and I suspect that's true for many others, as well. What I saw when I read your post was a new thread started by someone with a moniker that I don't recall ever seeing before, demanding that people give up names of what would likely be considered their good clients, then getting indignant when people didn't reply the way he wanted.

What was going through my head as I was reading through all the responses was "Who is this guy?" and "Why in the world would anyone want to bother giving him what he's asking for?" I didn't see anything until way down in the thread that indicated to me that you were trying to make a point. That's probably why people kept referring you to the Signing Central tab above.

If this was related to something in another thread, you probably would have received much different responses if you had either responded in that thread or if you had made a reference to it in your original post. We're not mind readers here.

So basically, you got what you asked for.

Reply by Les_CO on 12/30/10 5:12pm
Msg #366483

1) Negretes…2) First Preference Signing…3 Mortgage Information Services…. There are dozens but you only asked for one… you got three. You need more? Send me a PM. Oh and BTW please link to your profile.

Reply by rengel/CA on 12/30/10 5:48pm
Msg #366484

Yesterday "Glenn" from PA

was harping about not paying notaries when a loan doesn't fund.

Today "John" from PA comes in wanting the names of companies who pay notaries when a loan doesn't fund.

Coincidence? I think so!

My .02

Reply by James Dawson on 12/30/10 6:16pm
Msg #366485

Re: Yesterday "Glenn" from PA check out Msg #366236 n/m

Reply by Donna McDaniel on 12/30/10 6:39pm
Msg #366489

Re: Yesterday "Glenn" from PA check out Msg #366236

If you go to their website, under the tab for new orders, Sharon Love is listed as a contact so I am assuming she is half of the LOVETEAM. Mr John must be the other half. If I were the owner, his post and the ensuing prodding would enrage and also embarass me and my company. Pretty unprofessional behavior for a title company employee, IMO.

Reply by James Dawson on 12/30/10 6:55pm
Msg #366496

kuddos 2 U n/m

Reply by Moneyman/TX on 12/30/10 11:09pm
Msg #366541

Ditto n/m

Reply by CapCityAgent on 12/31/10 12:09pm
Msg #366576

Thank Heavens! This tread has ended!

Reply by CapCityAgent on 12/31/10 12:11pm
Msg #366577

THANK HEAVENS... THIS TREAD HAS ENDED!

:-) Wishing all my fellow SA/Notories a Happy and properious New Year!