Posted by Linda_in_MI on 4/13/12 7:23am
Msg #417769

Notary Direct implementing pay caps

Effective 4/15/12 Notary Direct (based in Huntington Beach CA) will be implementing a pay cap for their notaries, and it basically amounts to $75 a signing ($50/signing +$25/edocs). Yes, the company says you can decline to accept the pay caps and tell them what your fee is for "local areas", and they will input that fee in their system; but they also say that unless you agree to their rates you will not be considered "preferred" in their system and may not be the first notary to get the calls for work.

Reply by Linda Juenger on 4/13/12 7:28am
Msg #417770

Scroll down, it was posted yesterday. Sad

Reply by Linda_in_MI on 4/13/12 8:39am
Msg #417772

Sorry, didn't see post. But bears repeating (nt) n/m

Reply by Calnotary on 4/13/12 8:48am
Msg #417773

This is public info on the web about companies and their incomes.

http://www.manta.com/c/mtm8wpq/notary-direct-llc

Reply by ikando on 4/13/12 3:27pm
Msg #417835

I am also a member of Manta, and the information provided can be misleading. My company info shows "less than $500,000 per year." In my case, it's MUCH less. I don't have any idea what Notary Direct's true gross income is, but I think this information should be taken into account.

I am not trying to defend the low fee being offered, as I would not consider it either. But I think fair is fair, and not all information on the internet is the truth.

Reply by Eva75Eva on 4/13/12 8:49am
Msg #417774

That's interesting. They were only offering $65 for a refi

in my area. I quote them my fee and they usually make the adjustment. I wouldn't say I jump for joy when the phone rings and their number shows up. Even so, I'll give them credit for always paying in a timely manner.

Reply by MW/VA on 4/13/12 8:50am
Msg #417776

Pathetic. Too bad someone's going to take it for that. :-( n/m

Reply by Lee/AR on 4/13/12 9:46am
Msg #417782

Regardless of 'their' pay cap, they either pay me what I want or find another notary--which, imo, simply puts the competition oob quicker. Works for me! FWIW, I can see a newbie appear in my area, the ND calls go away for a while (no loss), the newb disappears and ND is back to calling & paying me.

Reply by PA_Notary_II on 4/13/12 9:54am
Msg #417784

I prefer not to be preferred.

Reply by BossLadyMD on 4/13/12 9:55am
Msg #417786

Notary Direct has been horrible for the past 3 years n/m

Reply by jba/fl on 4/13/12 9:55am
Msg #417787

I don't need to be first consideration. LOL

Reply by bagger on 4/13/12 12:01pm
Msg #417811

First he**

At those rates, I wouldn't mind being 15th.

Reply by NotaryStar on 4/13/12 10:31am
Msg #417794

Notary Direct is FULL OF BULLHOCKEY

Reply by Luckydog on 4/13/12 10:42am
Msg #417795

Never worked for them, but after reading their reviews on here, I am surprised so many of you have! That almost sounds as bad on SOX (Sign on the X). Looks like they never pay, return calls and lowball their prices. Why do you care if they cap prices? They should be boycotted all together for how they operate.

Reply by MikeC/TX on 4/15/12 6:09pm
Msg #417978

I think you're confusing Notary Direct with Nations Direct

I used to do quite a bit of work with Notary Direct - their fees weren't great, but the packages were small so you didn't spend a lot of time at the table, all the jobs were local to me, and most of the time the docs were sent directly to the BO. It made sense for me at the time, and they paid on a regular schedule, but I have not been doing loan signings in a while so that situation may have changed. It's unfortunate to see that they're capping their fees, but everyone has to do what they have to do to stay in business. Just from the comments here, it seems like they'll pretty much be dealing with rookies in the foreseeable future, but it's a business decision on their part...

Nations Direct, however, was always a PITA to deal with. I got both them and SOX when I was new and stupid, but quickly learned not to deal with either.

Reply by MrEd_Ca on 4/13/12 11:24am
Msg #417803

The last time I worked for ND was about 6 years ago & I was fairly new at NSA work. I was paid $80 for a piggy-back edoc loan &, within the documents, was an invoice to the title company for $380-- for the loan (this invoice was not intended for me). I would guess that they are as fair to notaries today as they were back then.

T

Reply by supersigner on 5/7/12 10:31am
Msg #420141



Told them I will not do a closing for $70 and not to call me if they cannot pay me the fee I get from other companies.