Posted by Aries/SC on 5/20/10 5:52pm
Msg #337368

Are there any companies to stay away from?

I live in upstate SC, and get calls from such places as California, MN, etc. who want me to run back and forth to the client for this and that, fax and copy (1 for the company - 1 for the client), take it back to the client after signature, put the paperwork in within 24 hours or there is a reduction of fee and want to pay $50.00. Is this the normal protocol or fee for services? I've changed my rate to $75.00.

I read that Equifax is one of those groups that want a reduced fee. One company wanted me to sign a waiver as well for a reduced fee when I said my minimum for this $60.00.

Any input from others on the minimum fee will be greatly appreciated!

Thanks!

Reply by Sylvia_FL on 5/20/10 6:18pm
Msg #337371

Isn't SC an attorney only state???

Reply by CaliNotary on 5/20/10 7:07pm
Msg #337392

You seriously need to re-evaluate your fees

If you're agreeing to $60 edoc signings, you definitely haven't done your homework on what your true costs of running a business are.

Reply by PAW on 5/20/10 7:59pm
Msg #337418

Re: You seriously need to re-evaluate your fees

Can't be doing e-signings or any other real estate type signings unless the OP is an attorney. SC is an "attorney only" state. So, it may be only related to general notary work. Fees will vary significantly for general notary vs signing agent signings.

Reply by MW/VA on 5/21/10 8:17am
Msg #337453

Re: You seriously need to re-evaluate your fees

I can't understand why companies give assignments to a notary in an attorney-only state in the first place??????

Reply by Les_CO on 5/21/10 11:26am
Msg #337481

Re: You seriously need to re-evaluate your fees

Do you honestly think the schedulers working for these low-ball, fly-by-night, deadbeats know or care what the Notary/Real Estate/Recording Laws are in different States?

Reply by Les_CO on 5/21/10 11:45am
Msg #337485

By the way Aries/SC

Most Attorneys charge $300 plus to do a ‘closing’ in SC, especially if they prepare the Attorneys Opinion closing letter. So if you are an attorney you need to adjust your fees. If not, I suggest you discontinue doing closings.

Reply by Doris_CO on 5/21/10 2:20pm
Msg #337509

Just exactly what are you doing Aries? Your description is more of collecting information rather then having loan documents signed. Are you being asked to facilitate an application process for a mortgage loan or a mortgage loan modification application?

Reply by taxpro on 5/21/10 7:03pm
Msg #337570

Equifax is one of my regular clients and pays me $125 on a regular basis. I know several notaries on this board charge more than that, and get it. They're pulling one on you.

It is your business, and you decide what to charge. You don't have to accept low-ball fees. Stick to your guns or you won't make any money at all. You might as well find another line of work if you're going to let them bully you around.