Posted by FeliseSoCal on 3/31/10 1:13pm
Msg #329814

Loan Modification Fees

Is anyone doing these for $45, or even $35? I've been getting a lot of these calls, but it doesn't seem worth it to provide travel notary service for that low of a fee even though the packages are small. Just curious what everyone else's thoughts are.

Reply by Riley/FL on 3/31/10 1:22pm
Msg #329816

If you mean FINAL loan mods, I do them a lot for a few companies for $45-$50 locally. Quick and easy with minimal printing involved. To me it's the same as going to my local hospital to do a notarization. Loan mod APPLICATIONS, I treat the same as any other loan signing. Full fee.

Reply by BobbiCT on 3/31/10 2:02pm
Msg #329818

Loan Modification Fees - CT no travel

The few I have had the borrowers come to my home - they received a DIY package.

$5 or $10 (two notarizations) is the maximum statutory fee that I can charge. If I traveled to them I could only charge 35 cents per mile, which is why most people are willing to come to me. Some we able to get free notarizations at their local bank branch or Town Clerk's office. I can't compete with free (and don't want to).

Reply by Sylvia_FL on 3/31/10 2:04pm
Msg #329819

Re: Loan Modification Fees - CT no travel

I have several coming to me as well Bobbi. I just charge the statutory notary fee.

Reply by Notarysigner on 3/31/10 3:23pm
Msg #329829

Ditto, Same as Riley..