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What is the average fee charged by notary for loan closing? n/m
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What is the average fee charged by notary for loan closing? n/m
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Posted by grapebed on 6/10/11 10:46pm
Msg #385879

What is the average fee charged by notary for loan closing? n/m

Reply by Marian_in_CA on 6/10/11 11:13pm
Msg #385882

There isn't one...

It's like saying, "What's the average price of eating out?"

Fees vary by region, job specifics and a host of other factors.

What matters is figuring out your overhead and your needed profit margin and charging accordingly for your area and competition.

You'll find that most signing companies are trying to get away with paying a good 40-50% or more LESS than what they should be. The problem is too many new/uneducated notaries who go in to this business without knowing how to run a business.

Know you competition.
Figure out your overhead.
Figure out the profit margin you need.
Stay within your state laws.

Go from there...

IMO, I don't see how any notary can stay in business by charging less than $110-$130 total to start for full loan packages.... and going up from there.

General notary work is totally different and more dependent upon local law.


 
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