Posted by Yoli/CA on 7/26/10 12:23pm
Msg #346291
Re-print fee inquiry
Had a signing on Sunday. Appointment was confirmed late Friday night. Full package was received late Friday night and printed immediately. Saturday afternoon, I get call from lender advising that due to subordination, docs were redrawn. They sent me a whole new package (153 pages) to be used. Printed the new package and conducted signing Sunday and sent docs off as instructed.
Emailed hiring party (they were also copied in by lender on new package) advising I was adding to my invoice due to new development.
What would you considered a fair additional fee for printing a whole new 153 page package?
Thanks in advance for your opinion.
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Reply by K Williams on 7/26/10 12:29pm
Msg #346294
The indusrty fee is $25.00. That is what I would charge.
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Reply by Linda_H/FL on 7/27/10 10:28am
Msg #346424
Re: Re-print fee inquiry....K Williams
"The indusrty fee is $25.00"
Says who? Just curious - I didn't know there was an "industry fee" for printing...
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Reply by jojo_MN on 7/26/10 12:31pm
Msg #346295
I charge my normal print fee X's 2 for the signing.
Example: If my fee is $125 for e-docs ($100, plus $25 print), then then I would ask for a new confirmation for $150.
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Reply by Moneyman/TX on 7/26/10 1:58pm
Msg #346308
Re: I charge my normal print fee X's 2 for the signing.
Same here. Two complete sets of docs printed, therefore print fee X 2. Jojo has a good point, you need to get a new confirmation with the increased print fee asap. Also, if TC contacted you via email, be sure to keep that email at least until full payment is received.
It was a mistake on TC side therefore they should not have any issues paying for the additional cost of printing. At least that has been my experience. 
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Reply by James Dawson on 7/26/10 12:55pm
Msg #346301
Yoli, If it was at the lender's request then I would charge the suggested industry standard. They did not ask the SS to contact you about this so there may be some flack but you are in the right to request YOUR fee. IMO
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Reply by MW/VA on 7/26/10 1:02pm
Msg #346303
Industry standard is $25, and I wouldn't accept less. We need to take into account that it's really a "print & shred fee".
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Reply by LMS on 7/26/10 1:07pm
Msg #346304
$38.25... $25 is the standard and the add'l for a package that exceeds the standard (100 pages.)
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Reply by parkerc/ME on 7/26/10 1:08pm
Msg #346305
If I receive e-docs on a Friday for a Sunday appt, I don't print until Sat night, just for that reason. Many TC/SS won't reimburse a print fee if the docs printed too far in advance.
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Reply by Cari on 7/26/10 2:07pm
Msg #346310
...welll what ever fee you charge, IMO, it shouldn't be the standard industry pricing of $25.00. What is standard printing for me, is not the same for you. Charge according to your expenses.
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Reply by Alz on 7/26/10 2:14pm
Msg #346311
I'll have to agree w/Cari
Most of us set our fees based on our own expenses, etc.......If there was a true industry standard then the low-ball fee of $$ would not exists.
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Reply by Moneyman/TX on 7/26/10 2:20pm
Msg #346314
I agree. :-) n/m
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Reply by Marian_in_CA on 7/26/10 2:16pm
Msg #346312
Everyone is saying the "Industry Standard" for printing is $25 -- which I think may or may not be true. Remember, the "industry standard" for packages seems to be about $75 ... does that mean we have to accept that?
Personally? I charge $30 for printing edocs up to 300 pages. Beyond that is 5 cents a page. Printing involves a lot more than the basic expenses of paper, toner, etc. You also need to figure in time, electricity, document prep, etc.
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Reply by LKT/CA on 7/26/10 7:25pm
Msg #346356
Agree with parkerc/ME
Not sure if you'll get an additional print fee since you printed so far in advance, though I do understand printing early - the internet could be down on Sunday morning, printer could act up, power outtage.......any number of unfortunate things could happen if you wait close to the appt to print.
It's really a coin toss whether to print early or wait closer to the appt.
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Reply by Claudine Osborne on 7/26/10 9:38pm
Msg #346366
Re: Agree with parkerc/ME
I would have waited until Sun morning to print..If there are changes then I would not have wasted my supplies..and have the hassle of trying to get a print fee..good luck
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Reply by Linda_H/FL on 7/27/10 10:33am
Msg #346428
Re: Agree with parkerc/ME
Me too - print Sunday to avoid this type of problem.
Also, to address the "internet down" comment (and Lord knows I experience that more often than I care to) - open the e-mail, download docs and save to computer - no internet required to print later.
I hope you get paid, Yoli.
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Reply by Linda_H/FL on 7/27/10 10:31am
Msg #346427
Okay...after reading the whole thread I need to retract
my comments directed at K Williams only -
Redirect to all posters who quoted "industry fee" or "industry standard"....
Says who??? Who set this "industry standard"??? I've never heard of this....accepted, customary practice, yes - industry standard? IMO no such thing - a 175-200 page package is going to command a higher print fee than a 100-125 page package.
Just curious.
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Reply by Moneyman/TX on 7/31/10 3:24am
Msg #347120
Re: Okay...after reading the whole thread I need to retract
Linda, I agree with you. Larger packages cost more to produce therefore should be charged a higher fee than a 100-125 set of docs. I have a fee schedule that includes higher fees for larger packages.
Lately, the majority of loans are well over the 125 page size. I am thinking about going to my higher price when I quote and droping down for lower packages such as 99% of the Quicken Loan docs. They are about the only lender that I can think of that rarely has the larger packages.
There is no "industry standard" fee. It is a myth that has been sold by the XYZ association and many have bought into it as fact.
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