Posted by Ali/IL on 9/11/10 11:56am
Msg #352307

Just got offered $75-100 to do esignings

Oh gee.

Reply by Jessica Ward on 9/11/10 11:59am
Msg #352309

Did you laugh out loud, or were you diplomatic enough to wait? ;-)

Reply by Ali/IL on 9/11/10 12:18pm
Msg #352310

I didn't answer the email. It's a company that gives me volume. I will just wait till they call for one then quote. I would have to get an aircard since they say that I couldn't use the borrowers connection

Reply by Yoli/CA on 9/11/10 12:21pm
Msg #352313

How about a freebie like Starbucks, etc?

Reply by Cari on 9/11/10 12:57pm
Msg #352318

WTH?? Totally insulting...and these are a pain in the &^%$

That price is ridiculous for e-signings, even if it is one of your favs companies that provide you volume work! And I have a problem with volume work in that its very subjective i.e., what is volume work for you may not be the same for me. Volume work at $75 or even $100 (reg closings) no matter how you look at it, pretty much a crappy deal, as those fees do NOT make you or me any type of profit when deducting all of our biz expense, but e-closings, is another type of animal which depending on your internet access and location, can take so much more longer to do.

Be wary with what you accept as far as eclosing fees is my advice. And I know you know this already as you're an excellent n experienced nsa. But keep in mind, that YOUR fees should be making YOU a profit, not leaving you holding the bill.....so to speak. =)

Reply by JulieD/KS on 9/11/10 3:42pm
Msg #352327

Re: WTH?? Totally insulting...and these are a pain in the &^%$

I got an email, also, about lots of e-signings in the pipeline and to be sure to update my profile if I can do e-signings. I responded to the company inquiring what the average fee would be for e-signings. To date, they have not responded. If I provide a laptop and an aircard, I can't imagine doing an e-signing for less than $175. The level of investment requires adequate fees to make it worthwhile. Otherwise, forget it.

Reply by Joan Bergstrom on 9/11/10 8:05pm
Msg #352345

How many hours per month can you use a card

without additional charges?
I know they use to be unlimited time but I don't think this is true of the
new 2 year contracts a person needs to sign.

Reply by JulieD/KS on 9/11/10 8:51pm
Msg #352347

Re: How many hours per month can you use a card

I don't know Joan, but I guess that's something I'd have to ask if I decide to get one. I wouldn't get one for e-signings since I'm fairly certain no one will offer a good enough fee, but I may need one for my office.

Reply by Virginia/PA on 9/11/10 10:35pm
Msg #352353

Re: How many hours per month can you use a card

I was under the impression you are charged for data usage and not hours similar to data usage on cell phones. The plans I enquired about were based on megabytes with two plans offering different maximum megabytes.

Reply by GOLDGIRL/CA on 9/11/10 11:57pm
Msg #352355

Trying to figure this all out

The entire concept of e-signings escapes me. I realize they're supposed to be faster and more efficient - a big HA HA to both of those. And less paper - another ha ha. I did 3 last month for the same SS with instructions to provide a complete paper copy for the borrower. I do realize that the lender will know instantly that a loan is being signed (big deal..?) but what are the origin and purpose of the apparent prohibition of using the borrowers' computer and internet service? Where is it written in the Amtrust bible that notaries must provide the equipment even if the borrowers have their own and actually would prefer to use their own?
The very first Amtrust I did, I was instructed to show up at the RE office and use their computer. When another SS called for an e-signing , I told them I didn't have an air card and they completely blew that off and told me to use the borrowers' - like that was SOP. Now DocPros is sending out this blast e-mail that e-signings are the wave of the future (where have I heard that before?) but they say the notary must absolutely, positively provide the equipment. Makes no sense to me.

Reply by Shelly_FL on 9/12/10 8:50am
Msg #352365

I am wondering if it has anything to do with

reminents of the transaction being left on the borrowers computer. Like urls in the browsers history or files stored in the IE temp storage that could be accessed after the fact. For this reason, I'd much rather use their computer and keep their sensitive info off mine!

Sidenote: I did my first Flagstar the other day and it required me to sign off on the "First Lien Letter" with no borrower sig on the same! I called Fiserv and told them no way "Jose"! Thats for the CLOSING agent, not the signing agent! They said to call the lender - who insisted that I sign it! We managed to work around it, but really!

Has anyone else been requested to do the same?

Reply by Linda_H/FL on 9/12/10 10:23am
Msg #352369

Re: I am wondering if it has anything to do with

Sounds like you got someone who has no idea what the First Lien Letter is...I won't sign them - that's up to the Settlement Agent after he's recorded and determined that the new mortgage IS, in fact, a first lien on the property.

Shelly, you managed to work around it - I hope you didn't sign that document.

Reply by Shelly_FL on 9/12/10 11:12am
Msg #352372

Re: I am wondering if it has anything to do with

Luckily the borrower was able to print the document on his printer for "ink sign" and it then allowed us to move to the next doc. I included the printed doc in with the returned package explaining it was not for me to sign.

Could not believe the LO was irrate that I would not sign it! Whatever!!! (My famous last words

Reply by Mary Ellen Elmore on 9/12/10 11:01pm
Msg #352425

Re: How many hours per month can you use a card

I won't do e-signings--only been asked once in 7+ years and heard too much bad about them and TN State Legislature doesn't allow them.

But as to the air card--Cricket has one that is truly unlimited w/o contract. My daughter uses one for her RN courses.

It may have have been a special but not sure.

Reply by Linda_H/FL on 9/13/10 12:17pm
Msg #352457

Re: How many hours per month can you use a card

" TN State Legislature doesn't allow them."....they don't? Why not??

Reply by MW/VA on 9/12/10 2:20pm
Msg #352385

This is exactly why I really have no interest in doing them. IMO it doesn't warrant the extra costs.

Reply by BestFlCloser on 9/13/10 10:17am
Msg #352445

I do lots of eSigning for either Amtrust or Flagstar. I do have an aircard which I also use for another business that I own. It's a Verizon MiFi, with unlimited hours. I've had it for 7 years. I prefer to use my computer, which I've set up to get to either Amtrust or Fiserv/Flagstar quickly by putting the links on my desktop. I do add another $30 to my fee for an eSign. I do about 5 - 6 a month and like the process. It is quicker once you get into using the software. If you have any question send me a PM and I'll do my best to answer.