Posted by jojo_MN on 6/2/11 5:28pm
Msg #384983

Here we go again!!


Dear Valued Partner,

In a continued effort to increase our client base and remain compliant with current SAS 70, SSAE 16, RESPA, and individual client requirements, NSC is once again asking our most valued signing agents to assist with the cost of the auditory functions of these entities, providing background checks and transmitting information back to the appropriate agencies.

We understand that the last few months have been challenging for our industry. The inventory of unsold homes continues to grow. The good news is interest rates continue to remain low. NSC and our partners our currently focusing efforts on gaining larger allocations from our current clients, as well as reach a broader clientele base in efforts to increase volume directly to you our valued partners.

However, in order to do so, and gain an edge on our competition, we must continue to keep our rates low. Even though we charge these low rates we are still commissioned to meet the requirements of these auditory functions, and the individual client.

In short, the internal costs associated to complying with these standards have risen. Without the ability to raise our price, we are forced to ask you, our partners, to share in the cost of administrating your inclusion in the NSC database.

This fee is an annual fee that is required to retain "active" status in the NSC database. There are two payment options available for your convenience. One, simply mail in the fee of $25.00 to NSC. Two, NSC will automatically deduct the fee of $25.00 from your next closing once we have received confirmation from you to do so. Payments must be received, or automatic deduction confirmed by July 1st.

If you would like to discuss this with a NSC manager you can reach our Management Team at 866-291-8891 ext. 5110 or email us at [e-mail address].

Once you have selected your preferred payment method, please send an email to [e-mail address] informing us so we can process and update your file.

If you feel you can not participate in this fee, we do understand, but regretfully you will no longer have 'active' status in the NSC database. We do ask that you still inform us of your decline in participation.

Your assistance with this aids Nations Signature Closers Inc. in remaining one of the leading professional notary companies in the industry today.

We can not do it without you!

Thank you,

Nations Signature Closers, Inc

Reply by A S Johnson on 6/2/11 5:37pm
Msg #384986

Don't anyone fuss if you pay this fee and they only pay yoy $40, printing e-docs included.
Thier managment gave thenselves rasies. Those "idiot" Notaries will accept any "crumb" we through them.

My answer is thanks but no thanks.

Reply by notary365MI on 6/2/11 5:43pm
Msg #384989

My response would start with....

Due to the rise in energy costs (home, auto) as well as the rise in food costs, I am requesting that NSC assist me in continuing to have a roof over my head, gasoline for my car and food for my belly in helping me absorb forementioned costs by increasing my signing agent fee. I feel this will be the only way for me to continue to provide you with the quality signing services i offer.

Reply by LisaWI on 6/2/11 5:40pm
Msg #384988

Wow! Seriously, they want you to pay a fee for them to call you for work? I really cant believe what Im reading here.

"However, in order to do so, and gain an edge on our competition, we must continue to keep our rates low" Really!?$#

And someone tell me why they cant raise their rates to their clients?

Reply by aanotary on 6/2/11 5:43pm
Msg #384990

Are they insane? They want us to pay to work for low ball fees? Seriously?

Reply by JanetK_CA on 6/2/11 7:19pm
Msg #385008

"And someone tell me why they cant raise their rates to their clients?"

Maybe because they know their clients will take their business elsewhere?

Reply by Linda_H/FL on 6/2/11 7:25pm
Msg #385009

So THEIR profit margin goes untouched at our expense.. n/m

Reply by JanetK_CA on 6/2/11 10:41pm
Msg #385031

Re: So THEIR profit margin goes untouched at our expense..

Thinking about it from their perspective, that's probably exactly what they are trying to accomplish. However, they can only get away with it if we go along!

Reply by taxpro on 6/2/11 5:44pm
Msg #384992

Are you kidding? They are lowball anyway!

I wouldn't take a signing from them at their already lowball fee, and I would never even dream of paying a penny to be on their list of active notary signing agents.

What a joke!! Now I've seen everything.

Reply by Sandra Clark on 6/2/11 5:48pm
Msg #384994

Re: Are you kidding? They are lowball anyway!

Never gonna happen here! I don't like working for them when they do agree to my fee - they are royal pitas.

Reply by Jack/AL on 6/2/11 5:57pm
Msg #384996

As the letter stated: "We can not do it without you!"

If we all decline to pay the fee, the folks at NSC will realize and appreciate the truth in that statement. I'm not paying, and I'm in an area with little competition, so NSC will end up paying more to get someone to accept their fee and make the trip (if anyone around here pays the $25.00). Maybe NSC will eventually offer to pay me $25 to listen to their offers.........

Reply by LisaWI on 6/2/11 6:02pm
Msg #384997

Is it just me or is $25K a lot of money?

Say you have 1000 notaries in your database, well you can do the math......even at 500 notaries, thats a nice paycheck.....I didnt realize that managing a database of notaries was that expensive

Reply by Moneyman/TX on 6/2/11 6:38pm
Msg #385003

Maybe it's that the cost of vacations for the owners have gone up?

Reply by jba/fl on 6/2/11 6:43pm
Msg #385004

Or gas for their Hummers.

Reply by jba/fl on 6/2/11 6:33pm
Msg #385001

you can wish, Jack/Al. Good plan though. n/m

Reply by Notarysigner on 6/2/11 6:12pm
Msg #384998

I' sure everyone didn't get this email so you must be the

"valued" one. Nice to be thought of so much affection..

Reply by hp/MD on 6/2/11 6:26pm
Msg #384999

If we accept the fee, we open the can of worm and others will hear. Never. If they call me for a signing, they have to meet my fee. Besides, I will ask them to make sure to put the confirmation that there won't be any $25 charge.

Reply by Amanda Lang on 6/2/11 6:30pm
Msg #385000

paying NSC to remain in their database

I just sent this reply: "I must decline your gracious offer that I pay you to work for you."

Reply by Linda_H/FL on 6/2/11 6:37pm
Msg #385002

I haven't worked for them in quite some time, and now

I'm glad...this tickles me: "In short, the internal costs associated to complying with these standards have risen. Without the ability to raise our price, we are forced to ask you, our partners, to share in the cost of administrating your inclusion in the NSC database." - what do you mean you can't raise your price - the cost in the end is coming from the borrowers, not out of title or lender's pockets..

The few times I did work for them, the jobs were all last minute, huge packages, late docs, delays...then they started having more and more trouble meeting my fee and I had to negotiate every time they called - I haven't heard from them in a very long time and I don't wish to either.

Reply by Notarysigner on 6/2/11 6:54pm
Msg #385005

We can not do it without you! or NSCWCNDIWY n/m

Reply by Stamper_WI on 6/2/11 8:30pm
Msg #385012

Sorry but it's difficult enough to not raise my fees. My cost of doing business has gone up. I think at $25 a head, they can eat the costs of their agreement with their clients. I didn't agree to that.

Reply by pan/nd on 6/2/11 8:41pm
Msg #385015

Make you a bet...

If NSC needs a notary bad......two things will happen:

a) they'll pay your XXX fee

b) their ridiculous $25 annual fee goes right out the window.

This "plan" of theirs will be as effective as a black light bulb in a coal mine

Reply by LisaWI on 6/2/11 9:16pm
Msg #385017

Interesting Statement on the SAS 70

How can service organizations use SAS 70 as a marketing tool?
A SAS 70 audit with an unqualified opinion can be used as a marketing tool. Some service organizations are marketing their audits in proposals, email signatures, press releases, Web site materials, direct mail, give aways, brochures, etc.

Reply by Claudine Osborne on 6/2/11 9:21pm
Msg #385020

Re: Sadly some NSAs will agree to this..Just say NO.. n/m

Reply by LisaWI on 6/2/11 9:26pm
Msg #385022

Re: Interesting Statement on the SAS 70~Ouch

Not cheap for these audits:
Fees for Type I and Type II audit have varied widely from firm to firm and region to region. Service organizations have reported receiving fee proposals ranging from $15,000 to $35,000 for Type I audits and $25,000 to $90,000 for Type II audits. Please keep in mind that these are large variances, thus important factors to consider for pricing are the type of audits, be it a Type I or Type II, the scope of the audit being performed, and the entity providing the audit.

Reply by Ireneky on 6/2/11 9:47pm
Msg #385023

Unbelieveable NO WAY !!! I got this Email also

I for one will not pay them to work. If we all pay them the $25.00 they are making out pretty well don't you thinkk ??

Reply by JanelWI on 6/2/11 9:53pm
Msg #385025

That is weird, just did two for them last month, they met my fee, and not a word about this....when did this email arrive, today?

Is this the one that is associated with Nations Title Agency?

Reply by Ireneky on 6/2/11 10:39pm
Msg #385030

Nation Signature Closers n/m

Reply by LKT/CA on 6/3/11 12:19am
Msg #385035

<<<Two, NSC will automatically deduct the fee of $25.00 from your next closing once we have received confirmation from you to do so. >>>

Confirmation? HA !!! They'll just short the Notary's check by $25 - with or without the Notary's "confirmation".

Reply by MichiganAl on 6/3/11 1:26am
Msg #385037

Sad to see how far they've fallen. NSC used to be one of the few good ones.

Reply by BrendaTx on 6/3/11 6:12am
Msg #385039

Re: Here we go again!! YEP! n/m

Reply by CorpJen on 6/3/11 7:57am
Msg #385045

hmmmm, sure sounds like their revenue stream has dropped. Instead of wacking notaries, they need to send the same type message to their clients. Believe me, their clients will agree to pay a slightly higher fee. If anything, they need to increase the fees to notaries.

Reply by MW/VA on 6/3/11 9:09am
Msg #385053

No way, Jose! n/m

Reply by Cari on 6/3/11 10:09am
Msg #385056

one has to wonder just how many NP/NSA's have signed on?? n/m

Reply by John/CT on 6/3/11 10:13am
Msg #385059

This is what I said:

Why don't you find ways to operate more efficiently and in a cost-conscious way? For example, paying people to pester us with follow-up questions: "Did you receive our order?" "Did you confirm the appointment with the borrowers?" "Did you receive the dox?" "Were they printed OK", ad nauseam? Other companies I work with don't bother me with such things because they know from experience I do the right thing ... the first time, every time.

Reply by jojo_MN on 6/3/11 10:57am
Msg #385064

They have always paid my asking fee in the past. I will make sure when (if) they call me again that they DO NOT have permission to subtract the $25 from my fee. $125 means $125, etc.

Reply by cremevette on 6/3/11 11:01am
Msg #385066

What a crock! Count me in as one who will tell them to stick their $25 fee. I haven't heard from them in a year anyway.

Reply by HrdwrkrVA on 6/3/11 5:19pm
Msg #385108

All of you can send me $1 & put you in my database. I'm not

an SS - I just want your money! What an easy way to make money! One particular phase comes to mind: "There's a sucker born every minute". SMH!

Reply by nobhill on 6/3/11 10:20pm
Msg #385135

This is a total scam, don't do it!

Reply by BrotherOwner on 6/5/11 11:19pm
Msg #385260

Re: AUDITORY FUCTIONS??? def: pertains to SOUND or HEARING!!

What the HE77 are AUDITORY client funtions? THIS IS BS!!! Can you HEAR me NOW?