Posted by cayenne1227 on 10/25/10 6:12pm
Msg #358174

"restructured" fees

Ok ppl, how many have heard that (and i am sure this has been talked about on here before but I am new to forum) that tc are lowering settlement fees to borrower so therefore our fee has to be adjusted by ss?? Is this a joke or what?? I have heard from mostly all ss that this is the case, many times it is listed on settlement statement, many times not....if they are "restructuring" fees, why is ss service not listed on stl stmt or settlement fee not listed at all?? Sometimes they are and sometimes not, and I don't want to hear that they (ss service) carries much more e n o than we do....have been cut out by most tc by ss which is bs and I carry an adequate amount of e n o....any feedback?

Reply by MW/VA on 10/25/10 7:21pm
Msg #358187

Haha. That's a good one. I haven't seen lower fees to the borrowers. I did one last week where the broker goofed & included some of their internal paperwork in the pkg. They were making over $7K on that loan. If by "restructuring" they mean that they still take all they can get & throw us a little change. Be aware that the ss are really having bidding wars for work. In that scenario they are offering less because they have had to lower their fees also.

Reply by cayenne1227 on 10/25/10 10:18pm
Msg #358222

look at the settlement statement....we are taking the hit...........no one else

Reply by Jessica Ward on 10/25/10 7:57pm
Msg #358195

I explain that I've restructured my fees (and my client list) with great success this year. My fees went up. ;-)

Reply by cayenne1227 on 10/25/10 10:23pm
Msg #358226

hmmm not in my area, they want to give 60 bucks....max 85 for an edocs signing...hmmmm, and all i hear is "fees going down"..............that is not the case folks................wake up!!!! when will we wake up....when will "we" see what thf is going on??

Reply by HrdwrkrVA on 10/26/10 1:49pm
Msg #358316

That's the whole point of not supporting the lowballers. If

the fees continue to drop, how can you possibly make a living? There's only so many hours in a day. Sad, but ppl just don't realize everytime you take a 40, 60 or even $85 signing, you're making it harder on yourself - esp in the long run! SMH.

Reply by cayenne1227 on 10/26/10 9:03pm
Msg #358373

figured from this forum i would get better feedback

it's absolutely pathetic....

Reply by cayenne1227 on 10/26/10 9:05pm
Msg #358374

Re: figured from this forum i would get better feedback

ppl are too busy with other shit than making this a profession.....look at the posts....hmmm sad

Reply by SheilaSJCA on 10/26/10 1:14am
Msg #358240

Good for you Jessica, more power to you! n/m