Posted by ME/NJ on 4/20/11 9:04pm
Msg #380730

Hate working for free

Part of the risk of our business, had two loans today and one was a no sign over 500 dollars. Most likely it will re-sign but I may not be available on Friday the planned take two due to good Friday and family coming in.

If it was a local deal it would not be so bad but it was 35 miles away and over an hour wait while the borrower and LO were on the phone. No sign no money so 2 hours of my time and 250 pages wasted.

Reply by Marian_in_CA on 4/20/11 9:23pm
Msg #380737

That's why I won't take jobs that are contingent upon signing/closing. At the very minimum, I deserve to be paid for printing, time and mileage even if the borrower doesn't sign.

I refuse to accept the attitude of some that my work is contingent upon signing or a loan funding. No way. If I'm not to blame for the breakdown, I (as do all of us) deserve to paid for the effort I made. It's that simple.

Reply by Alz on 4/20/11 9:30pm
Msg #380742

Me too! This is one of the many questions that is generally

asked when I decide to partner with a company that is new to me. Honestly, I can only volunteer my time for Non-profit organizations.

Reply by NJDiva on 4/20/11 9:40pm
Msg #380752

I agree Marian... n/m

Reply by NJDiva on 4/20/11 9:45pm
Msg #380755

oops...hate when I do that...

I agree Marian...however, it's more than just wasting our time, it's all those other factors in ADDITION to our precious time:

I hate wasting my gas, toner, paper, printing wear & tear, auto wear & tear, the fact that I could have had a closing in that time slot.

It's really unethical that they have the audacity to do that to us.

Reply by Susan Fischer on 4/20/11 10:19pm
Msg #380771

But Diva, how many takers do you think they'll get for the

next "mandatory" hope-this-one-works-webinar? Hey, Ernest, will you be tuning in again? I sorta think I know his answer...

In this day and age, with all of the techies out here who know what the heck they're doing, to have such a giant FAIL that did nothing but waste precious and expensive resources, is inexcusable.

You are absolutely right that it's unethical, as well as really stupid - credibility-wise.

Reply by NJDiva on 4/20/11 10:21pm
Msg #380772

Susan??? But Diva, how many takers do you think

oops, you meant this response to go in the previous thread which I did not comment on...lmao!!!

Reply by Susan Fischer on 4/21/11 10:31am
Msg #380815

oops. Sorry. n/m

Reply by Susan Fischer on 4/20/11 9:50pm
Msg #380758

Applause. It should not *even* be an issue. n/m

Reply by Ernest__CT on 4/20/11 9:31pm
Msg #380743

Please remember that your being paid is based on the borrower(s) signing (and not rescinding!), then you have a financial interest in the transaction. Any financial interest in the signer(s) signing or not signing should disqualify you from notarizing the signer(s)' signatures.

Check you state's law!

Reply by John Tennant on 4/20/11 9:40pm
Msg #380751

My states laws state that if I work, I get paid.

Reply by MW/VA on 4/20/11 9:46pm
Msg #380756

You are owed at least a trip & print fee. It's not our

problem when a borrower decides not to sign. We don't work on commission like the LO's & brokers do. I might suggest you talk to your hiring party about a fee of 1/2 for your time & materials.

Reply by Ernest__CT on 4/20/11 9:56pm
Msg #380761

100% of your print fee! Plus trip fee. MINIMUM. n/m

Reply by HrdwrkrVA on 4/21/11 5:06pm
Msg #380915

With that rational, if the loan doesn't close, take your

paper & toner back to the store where you bought it - yeah - right!!!!