Posted by Jessica Ward on 1/14/10 6:48pm
Msg #318040

What's up?

I've had many SS's that I work with that used to pay really well, suddenly calling with offers of $65, $75 and $85 for refinances with e-docs and multi-party closings and piggyback loans. Pretty heavy stuff for much less than my usual fee. Likewise, many companies that used to pay like clockwork are 60 days late. (I've only once had an invoice go to 60 days past due before)

My busiest months yet were November and December 09 but I can't understand why the payment is so slow, and why suddenly I'm getting outrageous low-ball offers from companies that A: know better and B: have a good history of working with me.

Is this a broad trend where you are? Hopefully it's temporary.

Jessica

Reply by Moneyman/TX on 1/14/10 8:11pm
Msg #318043

I think the ss companies are trying to take advantage of the number of new people and experienced people that don't know what their work is worth as well as the economy. I think they believe that everyone is so desperate that they will take anything.

As long as signing agents are accepting the low offers why would they pay what they should be paying? Also, have you ever done a "favor" job (ex: rush job @ no extra charge) for a company only to have them now expect that? Same thing with low fees. Once you start doing them they will always want to offer that to you.

Reply by faith/IA on 1/14/10 8:52pm
Msg #318048

We need to stop taking these low fees? We are worth more!

Reply by Jessica Ward on 1/14/10 10:14pm
Msg #318067

I've got no problem going the extra mile for a regular client (usually "extra mile" just means a late dropoff or something but I live around the corner from the place with the latest fedex drop in the state) but I never accept a low-ball the next time around just 'cause I was nice if they were in a pinch. I never cut fees. If I know I'm not going to make a profit on each call, I don't take it at all.

Forget it! I can't turn a profit on a call, I'd rather be home changing the catbox or washing the dishes. Ha ha!