Posted by Rhonda Jennings on 4/4/12 10:15am
Msg #416947

Epic Real Estate Solutions

I did a closing for Epic in January 2012. When I asked how long it would be before they send my payment I was told it would be processed in March. I've been out of the Signing business for about a year and a half but isn't 60 days a long time to receive payment for a signing or have things changed? Just wanted to pose the question before I take an assignment from this company again.

Reply by HisHughness on 4/4/12 11:07am
Msg #416952

Epic's policy is to pay toward the end of the month after the month in which the signing took place. Payment can, however, wait even longer than that. If, for example, you did a signing on Jan. 28, then that payment might not go in for processing until February, in which case the check would not be cut until the end of March, meaning you might not receive payment till about the first week of April.

It is a lousy system, and an imposition on the signing agent. I'm sure their other servicers do not wait that long for payment.

Epic does, apparently, have one thing going in their favor: Certainty of payment. So, if you know their payment policy, you don't have to spend a lot of time chasing "overdue" payments. The primary manner in which I judge the health of my practice is in the volume of receivables I am carrying, so I would not be uncomfortable with a sizable number of payments for Epic closings outstanding. I currently have three on the books.

Reply by Rhonda Jennings on 4/4/12 11:26am
Msg #416953

I did think that was a bit long but I also took the last part of your statement into consideration. I think I was just taken aback because I just started doing signings again and its been a little slow. Once business picks up I won't mind so much waiting on the guaranteed payment as l long as it comes. LOL!

Reply by C. Rivera Chicago Notary Services on 4/4/12 1:39pm
Msg #416968

I'd work for them again, they paid me fast...less than 2 wks n/m