Posted by Matham on 3/13/11 1:26pm
Msg #376036

California Loan Singing Agents

Just a quick question for all you California loan signing agents; how often do you encounter requests from companies for e-doc signings?

Reply by Tish/CA on 3/13/11 1:47pm
Msg #376037

95% of the time. Why do you ask?

Reply by Matham on 3/13/11 2:12pm
Msg #376040

Well, I hate to look stupid or look out of place, but the loan signing class I took a couple weeks ago hardly touched on e-docs, and the instructor indicated that they hardly take place in California - that only two companies require them - but as I try to advertise myself, I am getting self-conscious about it. I don't doubt my ability or anything, but I just want to make sure I don't make any mistakes for me or for anyone else - given that I was told e-docs are rare (what I was told in class) - and so, I guess I'm trying to figure out how likely I am to encounter e-doc signings. Also, my instructor talked a lot about setting a standard fee, but some of these websites I am signing up with differentiate between the standard loan signing fee and the e-doc fee. Should they both be the same or should the standard fee be higher than the e-doc fee? And if it is an e-doc signing, then I'd only be collecting the e-doc fee and not the standard fee, correct?

Reply by GOLDGIRL/CA on 3/13/11 2:39pm
Msg #376045

Not to make things even more un-understandable, but do you think your teacher was talking about e-signings, not e-docs? Kinda sounds like it ....

"I was told e-docs are rare." No, e-docs are by far the norm, and e-signing are rare, comparitively speaking.

"... only two companies require them." Only two companies requiring e-signings are Amtrust and Flagstar.

In any case, at the very least, stick to your signing fee, which, let's say, is $100 for e-docs. If somebody tries to get you go under that for e-signings (or anything else, for that matter) , just say NO. Often, they'll pay more ... on the basis of your added expense for mobile internet service.

Reply by Doris_CO on 3/13/11 2:52pm
Msg #376050

You and/or your instructor might have E-docs and E-signings confused. E-docs are documents that are sent by e-mail to the NSA, printed and taken to the borrower. E-signings are signings where most of the documents are placed on a web site and accessed by computer. Only those documents that are to be notarized are printed and have a wet-signature. The documents on the web are electronically signed by the borrower. Either the borrower or the NSA would provide the computer and internet service to access the web site. At this point, most loan documents are sent by e-mail (e-docs) and printed by the NSA and taken to the borrower. Most of us quote just one fee that covers all the services we offer. You can use the orange search button and type in "fee" or a question like "What fees do you charge" or a variation of that word and you'll find lots of information.

Reply by James Dawson on 3/13/11 2:11pm
Msg #376039

everytime

Reply by bob/IA on 3/13/11 2:29pm
Msg #376041

Matham I think you need to do more research. Although it happens occasionally, it is rare for a signing not to be edocs. It sounds like your instructor at your class was clueless. Hard to say what other bad info he gave you. use the orange search button to find message # 33325.

Reply by Cam/CA on 3/13/11 2:33pm
Msg #376043

To me it sounds like there is confusion between e-docs and

E-signings.

Reply by LeeH/IN on 3/13/11 2:42pm
Msg #376048

Re: To me it sounds like there is confusion between e-docs and

That was my thought also. E-signings are not as popular as they were first made out to be, thank heavens. They are more involved and demand a higher fee, IMO. E-docs which are sent to you via email or secure site are paid your base fee plus a print fee, usually $25. If docs are overnighted to you or to the borrower you get only your base fee. Hope this helps.

Reply by 101livescan on 3/13/11 2:39pm
Msg #376047

Not only am I a SINGING agent, but also a SIGNING Agent, and I rarely receive overnight documents unless it is second or third party signing package. I wouldn't mind knowing which instructional company would teach in this manner. Sounds like they only teach it, don't do it like we all do! Esignings are not as common, as AMtrust and Flagstar are the only companies I've done these for, and they are few and far between.

Reply by jba/fl on 3/13/11 5:38pm
Msg #376053

OK 101: Which key do you sing? n/m

Reply by 101livescan on 3/14/11 2:31pm
Msg #376120

Re: OK 101: Which key do you sing?

G is my strong cord...love to sing! I'm a 60s child, all that mellow stuff, Neil Sedaka, James Taylor, Carole King, Beach Boys....love the happy songs.

Reply by Shoshana/AZ on 3/13/11 6:47pm
Msg #376058

Will you sing for me when we meet up for coffee in August?

Reply by 101livescan on 3/14/11 2:39pm
Msg #376121

Sure, I sing all the time....Russ and I sing to each other every day!


Hey good looking, whatcha got cooking, how about cooking something up with me!

Reply by Stephanie_CA on 3/14/11 10:45am
Msg #376096

Close to 100%..... n/m