Posted by Deanna Jones on 1/6/10 11:20am
Msg #316902
TITLE COMPANIES vs. SUB-CONTRACTORS
Does anyone know if working directly with a TITLE COMPANY pays more than dealing with sub-contractors like Nations Direct??
Thanks in advance for your response.
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Reply by Jim/AL on 1/6/10 11:25am
Msg #316903
Yes, usually TC pays better. n/m
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Reply by Deanna Jones on 1/6/10 11:30am
Msg #316906
Re: Yes, usually TC pays better.
Thanks Jim. Do you have an idea on avg what that difference is? I have a friend who says she makes around $250/signing which I'm assuming is with a title company because I have worked with signing companies and generally make around $150/signing. Does this difference seem "about right" to you Jim?
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Reply by Jim/AL on 1/6/10 11:26am
Msg #316904
TC pays Notary or
TC pays sub-contractor who then pays Notary.
Very basic.
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Reply by Linda_H/FL on 1/6/10 11:27am
Msg #316905
Hate to sound like a broken record....but...
are you an attorney? Because if you're not, you can't do loan signings in GA...so it doesn't matter.
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Reply by Deanna Jones on 1/6/10 11:31am
Msg #316907
Re: Hate to sound like a broken record....but...
Yes, I am an attorney.
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Reply by CopperheadVA on 1/6/10 11:33am
Msg #316908
I've never worked for Nations Direct but I've heard they offer $60 per job (not sure if that includes edocs or not). This is less than half what I charge and get from other companies for a closing with edocs.
Since you are in GA and must be an attorney to conduct closings, I would assume the fee would be higher than $60.
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Reply by Les_CO on 1/6/10 11:43am
Msg #316910
Rumor has it that Nations Direct normally charges Title Companies a $150 closing fee. They pay the Notaries whatever they can, or must, and keep the difference. EXCEPT in Attorney States, there they charge more and pay more. I don’t know your location, but some GA attorneys charge as little as $175. Some $275 and up depending? Or so I’ve heard.
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Reply by Deanna Jones on 1/6/10 11:55am
Msg #316913
Thank you for your response. This is all very helpful
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