Posted by James Dawson on 11/12/10 4:40pm
Msg #361057

My vent's better then your vent LOL

A FIRST FOR ME....Borrower objects to my "notary fee" on the HUD1.....Refuses to sign. Says they don't think I should be paid THAT much for what I'm doing. I asked them if they had any idea what I should be paid and they said yes. So I told them to draw a line through the objectionable fee and write in what they thought, then initial it. Boy, I tell ya!

Reply by Ilene C. Seidel on 11/12/10 4:46pm
Msg #361059

Can't believe you allowed them to do that. You should have explained the process. I've been sitting in my office for a closing I accepted at noon today for 5pm and damn it I'm still waiting for the package. And the title company doesn't respond to my emails so I had to call her she acted like she didn't know who I was. Putz!

Reply by Joan Bergstrom on 11/12/10 11:12pm
Msg #361119

Tell them that the "notary fee is the industry standard: n/m

Reply by C. Rivera Chicago Notary Services on 11/13/10 8:44am
Msg #361155

Ilene, last time he did explain the process of his fee, he

got 'let go' by the SS. What did your hiring party say regarding the cross out?

Reply by James Dawson on 11/12/10 5:03pm
Msg #361060

I'm a good guy, not a stupid guy. I'm not going to take the bait and argue with anyone. They can write whatever they want if it makes them feel better and helps me to get the job done.

Reply by JimAZ on 11/12/10 7:00pm
Msg #361071

So what did the BO change the fee to? Just curious!!!!!

Reply by James Dawson on 11/12/10 7:34pm
Msg #361076

$50.00

Reply by Les_CO on 11/12/10 8:06pm
Msg #361084

I don't think I would have done that.

Reply by MW/VA on 11/12/10 8:24pm
Msg #361087

I can't figure out how you're getting into all these fee issues with the borrowers, James.
I don't ever have that conversation. It would be my position, however, that if it came up I would have them call the LO for an explanation. Are you kidding me? We're at the end of the food chain so as it is.

Reply by JimAZ on 11/12/10 8:39pm
Msg #361093

James solution was good. BO refusing to sign because he thought notary fee was too high. BO changes the HUD and initials and thinks he has changed the fee. Signing goes on as planned (hopefully). Alternative is argue about the fee and signing doesn't happen. I would let the SS or Title co. know about the issue after the signing. JMHO

Reply by James Dawson on 11/12/10 8:47pm
Msg #361094

I KID YOU NOT...There went over the HUD1 with a calculator....everything figured out. I did explain the taxes being paid in advance with accounted for an addition they hadn't planned on. Then they starting complaining about the fees. FAX Doc fees, messenger fees, etc then finally me fees. I didn't say anything, notary fees $175.00...WHAT??? No this guys was a senior counsel for a very big company headquartered here, over $250,000.00 per. Well he just thought it was too much period.

People who are pi$$ed at the way there are treated by lenders have to vent to someone, why not us bottom feeders?

You'd be surprised at what I get but here, no body would want to admit it happens so mute point.

Reply by JimAZ on 11/12/10 9:12pm
Msg #361103

James, I'm on your side on how you handled the signing. However, I don't consider us bottom feeders. We are facilitators and without us the loan process will probably not happen.

Reply by Linda_H/FL on 11/12/10 9:15pm
Msg #361106

"without us the loan process will probably not happen. "

Don't overestimate your usefulness, Jim - they did it without us before...they can do it again.

Reply by JimAZ on 11/12/10 9:20pm
Msg #361109

Re: "without us the loan process will probably not happen. "

Yep,,,I remember having to take off a day of work to re-fi my house back in the 70's and 80's. Sitting in the title companies for hours. How many families in this economy can afford that?????

Reply by MW/VA on 11/12/10 9:20pm
Msg #361108

That's interesting, Jim. IMHO I wouldn't change any figures

on the HUD unless instructed to do so by the tc. I keep forgetting that things are very different in CA. There is HUD is only "Estimated" until it actually funds & disburses. Figures aren't final until then. I did one for a prop in HI the other day. It was the same thing. It's just not what I'm accustomed to. Here we have a Final HUD (even though that can also be adjusted during the RTC period).

Reply by MW/VA on 11/12/10 9:17pm
Msg #361107

LOL. I had a signing for a CPA. He certainly needed to

flex his "financial guru" muscles. LOL

Reply by LynnNC on 11/13/10 2:12pm
Msg #361206

Were you paid $175?

Often the notary fee on the HUD is not what I get paid.

Reply by James Dawson on 11/13/10 3:02pm
Msg #361212

Re: Were you paid $175?

Heck no but he would have argued, "why did it say $175 if I didn't receive that?" then THAT would be a whole new talkshow...

Reply by James Dawson on 11/12/10 9:03pm
Msg #361097

MW/VA check your p/m n/m

Reply by nobhill on 11/12/10 9:09pm
Msg #361100

I would have stopped the signing and refused to do anything further for the borrower.

Reply by Linda_H/FL on 11/12/10 9:14pm
Msg #361105

You can't just let them line through and change

numbers they don't like...any changes to the HUD, or any other document for that matter, goes through title first - but ESPECIALLY the HUD - you can't just change numbers.

If I'm reading your post correctly, you had them line through the fee on the HUD of an aborted signing..correct? Or did the signing go through when they made the changes? Personally, when he started crabbing about the numbers and the fee to the extent he did, as soon as he refused to sign I'd have picked up my toys and gone home.

Reply by JimAZ on 11/12/10 10:01pm
Msg #361113

Re: You can't just let them line through and change

This sounds like LO neglect and non-communication to the BO. Three choices IMHO in my order. Contact the LO and let them talk to BO. Line through a non-notarized HUD document and let the LO and BO work it out after a completed signing ( RTC by the way). Refuse to complete signing. This should generate some comments. LOL

Reply by James Dawson on 11/13/10 12:17am
Msg #361127

signing proceeded after changes...I have received..

instructions before to allow borrower to make the changes on HUD1 BECAUSE there were making up a new one to send out.

Reply by Linda_H/FL on 11/13/10 7:21am
Msg #361144

Thanks for clarifying James...:) n/m

Reply by James Dawson on 11/13/10 9:55am
Msg #361164

Re: Thanks for clarifying James...:)

Lender was changing some other fees, not mine. I will be paid per the agreement with SS after loan closes. There's a name for borrowers like that but no need to say it. I'm okay with it, it's called life.!