Posted by jfs/IL on 1/5/10 8:46am
Msg #316669

Beat the Dead Beats

To eliminate the risk from dead beat signing services that do not pay for services rendered, set yourself up with a PayPal account for your business and demand your money up front prior to to accepting and performing your services. Why go through all the hassle of trying to get your dollars earned. This will teach these dead beat companies to establish an account and start paying up front for services rendered. Set yourself up with an account from paypal and beat the dead beats

Reply by PAW on 1/5/10 10:08am
Msg #316674

I don't know of too many title companies that even have PayPal accounts, much less are willing to pay "up front" through PayPal or by check.

Having said that, even if a payment is made to your PayPal account, it is very easy to reverse that payment so you end up with nothing. At least with a check that bounces, you may have some legal standing to collect.

If you want to change the way we do business, only accept equitable fee offers and only from reliable and trustworthy customers. Many NSA's have ceased doing business with many signing services because of the hassle of getting paid and the extremely low fees. (It must be noted that there are indeed some very reputable signing services out there. They are well known in the NSA circles and live up to their agreements.)

Reply by Jim/AL on 1/5/10 10:45am
Msg #316688

Agree with Paul, you start demanding and they will find an

NSA who is not so demanding.

Your business though, run it as you see fit.

I work for many SS and have found that most are reputable and about one closing in 500 I will have trouble collecting. I can live with those odds.

Reply by jfs/IL on 1/5/10 11:01am
Msg #316702

Re: Agree with Paul, you start demanding and they will find an

Most are reputable and I am looking for a way to help those individuals that have trouble getting paid. I have never had a problem with those I have been established with. However Jim, I would take a company with a bad rap and perform the service if they are willing to prepay with their credit card or debit card. When that company is invoiced they are given instructions with the invoice from PayPal on how to forward their payment to your account. My son was burned once with a check and for five years he has been using PayPal and is very happy with it! No burns or scars...LOL

Reply by jfs/IL on 1/5/10 11:01am
Msg #316703

Re: Agree with Paul, you start demanding and they will find an

Most are reputable and I am looking for a way to help those individuals that have trouble getting paid. I have never had a problem with those I have been established with. However Jim, I would take a company with a bad rap and perform the service if they are willing to prepay with their credit card or debit card. When that company is invoiced they are given instructions with the invoice from PayPal on how to forward their payment to your account. My son was burned once with a check and for five years he has been using PayPal and is very happy with it! No burns or scars...LOL

Reply by PAW on 1/5/10 11:56am
Msg #316722

Re: Agree with Paul, you start demanding and they will find an

>>> My son was burned once with a check and for five years he has been using PayPal and is very happy with it! No burns or scars. <<<

It is easier to make a stop payment or reverse a charge on a PayPal transaction than it is on a check. I reiterate that I don't know of too many established businesses (e.g., title companies, lenders, etc.) that use, or even consider using, PayPal as a payment method for services, whether they have a PayPal account or not.

Reply by Les_CO on 1/5/10 10:57am
Msg #316699

It's far easier just to not work for them at all. If no one takes an assignment from a deadbeat company they will cease to exist.

Reply by Jim/AL on 1/5/10 11:10am
Msg #316706

Wish that were true Les, look at SOX, Closing Quest etc...

they have been around wayyyy to long, and they continue to burn people.

A sucker born every minute!

Reply by jfs/IL on 1/5/10 11:17am
Msg #316709

Re: Wish that were true Les, look at SOX, Closing Quest etc...

I agree with you Jim and that is what I am talking about You will never put them out of business there is always another sucker somewhere. How do you beat them...prepay of course.... because of their reputation.

Reply by Les_CO on 1/5/10 11:30am
Msg #316716

Re: Wish that were true Les, look at SOX, Closing Quest etc...

Yes….them, and others. I blame the NNA, and their NSA machine churning out massive amounts of hopefuls.
Some here have said that they will work for known deadbeats/late payers/people that if they do pay; it takes months of harassment, threats, and paperwork. Some are known to only pay notaries close to them (so they aren’t taken to Small Claims Court) and not others. I won’t work for these guys at ANY price, paid in front, in gold, or not. I want them gone!
They are a blight on this profession, and anyone that accepts assignments from them just facilitate their continuing existence. Shame on them…and shame on those that knowingly work for them! JMO

Reply by SheilaSJCA on 1/5/10 11:53am
Msg #316721

I agree, why enable them? Stop taking work from them

yes, you can put them out of business. If people complain to the right people, they will not be in business. If we stick together and say no, they will not be able to easily fill their orders. It has happened before, take Lia Sigings for example. We are in the drivers seat (literally )

Reply by Jim/AL on 1/5/10 1:49pm
Msg #316762

Disagree Sheila, always someone to take a job. n/m

Reply by SheilaSJCA on 1/5/10 2:47pm
Msg #316771

yes, but let it be the uniformed newbie take the fall

Let the uniformed newbies who come and go, with no clue or plan deal with the lowlife signing companies out there. Anyone who goes about this business (or any other) in a professional manner, will have researched the business BEFORE setting up shop, and will have discovered sites like this, where the information is free for those willing to make a little effort.
If they have no idea that sites like this one exist; I have made my point.
All the information is out there, most everything they need to know to be successful in this line of work. I do not feel sorry for any newbie, that hasn't a clue.

Reply by mwm143 on 1/5/10 3:31pm
Msg #316788

Yet there's always another waiting in line

to fill the shoes of lowball, sleezy signing services or newbies that doesn't know any better. Unfortunately with each new cycle signing fees take another hit. 5 years ago MDA, fka Transunion used to pay $125.00 for a HELOC with overnight docs. Today's rate, $46.00 for a single refi.

Maybe one day signing agents will be regarded much the same as appraisers. By law they get paid when the work is performed regardless of whether the loan closes. And while appriasers have also taken a fee cut they are still able to maintain an industry standard fee. Unlike signing fees which vary between $30 and $200.00.

Cheers to all for a prosperous 2010.