Posted by mwm143 on 2/28/11 7:40pm
Msg #374567
Wells Fargo Auto Loans
There are dozens of Wells Fargo, fka Wachovia branches all around. Why in the world are these auto loans being handled by signing companies and notaries at 7:00 pm for a whopping $30? The list of instructions went on and on. Print, verify VIN and mileage, fax back entire package? I had to decline. [HEAVY SIGH!]
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Reply by JulieD/KS on 3/1/11 7:21am
Msg #374588
The only thing I can figure is that newly-unemployed people (and the never self-employed, as well) hear a notary amount and compare it to what they were being paid on the job. So, $30 for a couple hours' work compared to the $9 an hour they were making as an employee sounds really good.
People have an Employee mentality and don't realize...or don't care....that self-employed people are paid more for a reason. We pay our own expenses and have to make enough to be profitable. This is what irked me about MortgageDocs.com's breakdown of the 'actual cost of edocs' and why the signing agent who accepts $7.50 for edocs will be their priority signer. They failed to take into account the nut behind the wheel. Sure, paper, toner & electricity for edocs may only be $7.50, but the printer cost $400, the computer, $500, and the person running them both is $50 an hour. These costs must be factored into to the fee.
And, because these Employee-Mentality people are now doing signings, it drives the cost of fees into the toilet.
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