Posted by nobhill on 5/20/11 1:56pm
Msg #383866

LSI's Clever Attempt to Steal Local Client Business

Just a heads up, LSI has cleverly disguised a recent presentation offering new business opportunities to notaries only the naive would fall for. At the end of the presentation LSI asks notaries to provide their bank branch client contacts so they can steal your business from you. The whole purpose of the presentation was to issue a survey to get these contacts.

The presentation was such an enormous farce the to steal business was ever so clear. Never trust an entity that asks for your client business relationships. They were training no one whatsoever. Regardless of LSI's claim the banks are trying to follow new regulations, they can still choose to work with any local business they want to. LSI claims they have no choice.

Try not being so naive, they just want your client contacts so you have to pay a fee to LSI to do business.

Reply by Sha/CA on 5/20/11 4:00pm
Msg #383889

I haven't seen the presentation yet, and now I have an invitation sitting in my email. I was really hoping for more business, but in this business climate, I just cannot be too careful with the information I give out. It's sad not to be able to trust them, but over time I have seen them wanting more and more control, more requirements, etc. Thank you for the heads-up.

Reply by Lee/AR on 5/20/11 4:38pm
Msg #383892

What??? Can you elaborate

"so you have to pay a fee to LSI to do business."
LSI doesn't charge a fee... or is this something new?

Reply by SouthernOK on 5/20/11 5:39pm
Msg #383895

Re: What??? Can you elaborate

If they steal your business, they'll make X and you'll then be hired by LSI to make Y, the difference is their profit.

You have just given them your contacts and they'll then hire lowballers to do the same jobs.

Reply by Bruce Bates on 5/21/11 5:23am
Msg #383931

Re: What??? Can you elaborate

This is why when LSI calls, I always turn them down regardless of how slow i may be. I don't work with them PERIOD.

Reply by Linda_H/FL on 5/21/11 6:35am
Msg #383933

Shooting yourself in the foot there, Mr. Bates

I've never had a problem working with LSI, never had to "pay a fee" to be in their database - they paid my requested fee of over $100 every time and paid within 3 weeks - no handholding, no faxbacks, no micro-managing, no hoops. One of the easier companies to work with.

You may want to re-think your decision.

Reply by Roger_OH on 5/21/11 8:29am
Msg #383934

Absolutely agree, Linda! n/m

Reply by Susan Fischer on 5/21/11 9:39am
Msg #383935

Ditto Linda H. Long-time clients, never a problem, never a

'fee.'

Reply by KARA/NJ on 5/21/11 12:01pm
Msg #383943

Re: Ditto Linda H. Long-time clients, never a problem, never a

Just signed up with LSI a month ago and started receiving calls almost immediately. They have met my requested fee of $xxx and I just received my first check within 21 days. Paperwo has been sent either a day before or several hours before the appointment. I'm very pleased so far with LSI.

Reply by Saul Leibowitz on 5/21/11 1:48pm
Msg #383949

Re: Ditto Linda H. Long-time clients, never a problem, never a

They pay twice a month so you get paid about 21 days after doing a refi and they are very easy to work with.

Reply by Joan Bergstrom on 5/21/11 11:15pm
Msg #384004

Great Company

I have worked for them over 8 years.

Reply by Yoli/CA on 5/25/11 6:36pm
Msg #384313

Ditto Linda H/FL's remarks.

I always get more than $100 without a problem, quick payment. I take all they send my way.

Reply by C. Rivera Chicago Notary Services on 5/21/11 2:23pm
Msg #383955

LSI is a division of Lender Processing Services which is the

company that hired "robo" notaries public for that one scam.

I believe someone recently posted a video on it here...

Of course LSI is going to pay as most of their clients are the big banks like Citi, Chase, etc that hire LPS to process their loans!

They have the money, but now have been sort of tainted in light of the recent news media or exposure...

Reply by C. Rivera Chicago Notary Services on 5/21/11 2:28pm
Msg #383957

a few links below...this was the Linda Green robo signing...

http://www.dailyfinance.com/2010/11/24/lender-processing-services-sued-by-shareholders-for-fraud/

http://www.alabamaconsumerlawblog.com/2011/04/lender_processing_service_gets_caught_committing_fraud.html

Reply by NJDiva on 5/21/11 7:12pm
Msg #383978

My fav...

ONE of my fav's. They give me a LOT of biz, they pay like clockwork and they pay my fee. They are NOT cheapo LOWBALLERS!!!

nobhill is prob saying that to get all the biz...lol

Which, btw, is a great tactic.

Reply by jba/fl on 5/22/11 12:00am
Msg #384006

Re: My fav...

You may have something there NJD - I've heard of some strange tactics employed by her.

Reply by NJDiva on 5/23/11 9:45am
Msg #384067

lmao...

Bidness is bidness I guess. It's better than LOWBALLING...lmao