Posted by Marcy Gonzalez on 6/17/10 3:30pm
Msg #341415

Can Anyone HELP

So I've been a Notary & signing agent since 2004. I have only done about 5 signings when I first started because I've been to busy with School and Family. I want to start up doing signings for money is getting tight, but I'm not sure what to charge for a loan signing. E-Docs? What is the max mileage I should travel 1 way? Mail docs Back? Etc, Etc..... Can anyone help? I'm in the San Bernardino County Area.

Reply by Les_CO on 6/17/10 3:52pm
Msg #341416

No one can tell you what to charge. It depends on your individual circumstance, and the individual signing. I’d say because of changes in the marketplace you would be close if you charge about 13% less that you were getting. Yes, I said less! Almost all services have increased in price except NSA fees. I don’t know what you were charging, but now anything less than $100 and you are being taken advantage of. JMO

Reply by GOLDGIRL/CA on 6/17/10 4:44pm
Msg #341428

Suggestion: Don't accept under $100 for e-docs. Not sure what you mean by "mail docs back." But $100 all-inclusive. As far as travel, that's up to you how far you want to drive.

Reply by Marian_in_CA on 6/17/10 5:13pm
Msg #341443

You need to do a lot of research...

What you charge should be based on your expenses, your needed profit margin and your competition.

Do you know who your local competitors are? Sadly, if a lot of them are taking crap pay for work... you're not going to get offered anything but equal or less what they make. I have that problem where I am now -- there is one NSA who is VERY busy, which is great, but she accepts $65 a signing. I refuse to compete with that. Of course, I keep hearing from services who complain about her work quality, yet when I tell them what I charge... they end up calling her anyway. Fine by me. I don't work for free.

Do you know what the costs are to perform a signing? And I mean ALL of the costs involved in running a small business.