Posted by Richard Ingram on 9/15/10 9:45am
Msg #352753

It Works!

I turned down offers to complete a loan signing from 2 deadbeat companies last night and finally got a call from a good company on the same loan signing. It is amazing to me the way these loans get shopped. If we continue to hang in and refuse these dead-beats perhaps in time the lenders will understand they get what they pay for. I wish there was some way we could distribute to the lender and brokers the ratings on NR for these companies. When the bad companies cannot find a signing agent they have to pass on to someone with a good payment history. Thanks to all who are upholding fair fees and good companies.

Reply by Les_CO on 9/15/10 10:19am
Msg #352757

We thank YOU Richard for not working for deadbeats, thereby helping us to eventually rid our profession of these parasites.

Reply by Moneyman/TX on 9/15/10 11:15am
Msg #352764

I second that Les! Good job Richard! n/m

Reply by MW/VA on 9/15/10 4:18pm
Msg #352792

Ditto. Great job, Richard. n/m

Reply by Molly Richardson on 9/15/10 11:11am
Msg #352763

It is a difficult task getting a fair fee at times. Despite our skills and knowledge it is, at times, hard to get a good company to pay us what is reasonable and what we are worth. We work hard to do a professional accurate job and it would be wonderful if there were standard fees paid across the board.

Reply by Lee/AR on 9/15/10 12:52pm
Msg #352771

Good job, Richard! Molly....

I agree with you about everything except that 'standard fee' business. This is a big country and the variables are simply too numerous for a one-size-fits-all/standard fee to be reasonable or acceptable to everyone. We're all ICs and, as such, must set our own fee.
If what they offer isn't profitable, negotiate or just say no.

Reply by Kathleen Pyke on 9/15/10 11:00pm
Msg #352844

Re: Good job, Richard! Molly....

The same thing happens to me all the time. I was standing in my "intermediate office" for a project I'm working in, on the side. In a matter of 10 minutes I got a phone call from the same "DB" company 5 times, trying to get me to take a lowball bid for a job 90 miles away rt. I quoted my fee, and they kept calling back and going up $10 each time. My boss in the office, finally said, "What part of NO, I will do it for $____ don't they understand?" I said," I guess the whole thing!" I drove home, and about 15 minutes later I got a call from a company I work for all the time, and it was for the same closing! They asked if I was available and how much I needed, and said, "fine, we'll send the confirmation!" Life is Good!