Posted by Beverly Kinlaw on 12/20/12 7:16am
Msg #447181

What would you have done?

Last night at 9:30 PM EST I got a call from a signing company to do a loan at 6:30 am (before bo goes to work). I said okay at first - then decided to check notary rotary and found out bad bad reviews. So I emailed company back to say "not me" and they came back with a higher offer trying to get me to do signing anyway. The pkg was almost 180 pages, fax back all notarized pages etc. Their email says they are under new ownership and totally new staff and previous staff caused problems. SC is "Home Closings". Perhaps what was being said is true but posts say they are "Final Link" under new name? Anyone know?
Was not willing to take the risk.

Reply by jba/fl on 12/20/12 7:28am
Msg #447184

I know I would have given it back. You can agree to pay me $1000, but doesn't mean I will ever see that money. I just hate chasing my money, and it is too close to Christmas for me to take any chances. I don't even want to work for the questionable ones....I am content to let others try them out and then wait for the reviews.

Reply by 101livescan on 12/20/12 8:13am
Msg #447186

Run, Forest, Run!

I had calls from three companies yesterday begging me to take their assignments. All three take longer than 60 days to pay. No thanks, not when I can work for the great paying companies and be paid within a week.

Reply by ToniK on 12/20/12 8:34am
Msg #447189

Same here. I had one company keep calling me to take an assignment and they pay 60+ days. Even had another company call for a $85 assignment, then called back to offer $95 and I turned them down both times.

Reply by HSH/WA on 12/20/12 8:50am
Msg #447193

Re:Low/slow pay, might just say no.

Some of these same companies only pay $40 if loan is not signed and you still wait 60 days to get paid. We should be getting very busy about now with good companies to work for.

Reply by janCA on 12/20/12 9:19am
Msg #447199

I think you dodged a bullet!

Reply by CopperheadVA on 12/20/12 10:41am
Msg #447211

I learned a while ago that last minute emergency closings end up being a total PITA and are usually the most difficult to collect on. I established a policy that I do not accept last minute emergency closings from any new-to-me company. I will only accept those closings from companies that use me regularly and have an established payment history with me. This policy has served me well these last several years.

Reply by NVLSlady/VA on 12/20/12 11:02am
Msg #447213

Slow Pay

Wow, 60 days is WAY UNACCEPTABLE. I felt bad trying to collect on 30+ clients last week. And secretly I felt that had I not been active & vigilant I'd still be looking for payment to this day.

When companies say (or imply by their behavior), "That's how we've always done it," just doesn't work for me. I am making it my mission to enforce a net 20 day policy - then I can say, "This is how WE (meaning Me) do it."

Reply by NVLSlady/VA on 12/20/12 11:03am
Msg #447214

Clarification: 30-day past due clients :) n/m

Reply by Shoshana/AZ on 12/20/12 4:51pm
Msg #447286

Re: Clarification: 30-day past due clients :)

Wow! I hope you can stay in business! Very few companies pay net 20.

Reply by Pam/NM on 12/20/12 11:30am
Msg #447221

You hit it right on the head there--usually if it's a last minute like that there's SOMETHING wrong upline SOMEWHERE. I hesitate to take the last minute, "how much would it take to get you there" calls because of that. That being said, 6:30 a.m. isn't exactly a prime spot they are occupying. Lots of factors may depend on whether or not to accept it. Can I fill it with another closing? How close? How many pages? How near is it? Am I willing to take the hit on being out time slot and paper/toner/gas if worse comes to worse? Only you can decide. For 180 pp plus and faxbacks, I'd probably have turned it back.

Reply by Megan Knight on 12/20/12 2:38pm
Msg #447257

I agree! That is the best motto to have. I have found a really good signing company by me in San Francisco, Notary Signing Service. I did take a chance on them by a referral by a fellow notary and they are great. But yes, as a rule I agree that an emergency closing is a bit risky

Reply by Yoli/CA on 12/20/12 6:42pm
Msg #447296

Megan: Might that be Notary Public Network in San Francisco? If so, YES, they're great! Ginger and Madeline can call me any time.

Reply by rengel/CA on 12/20/12 11:09am
Msg #447216

Look at it this way,

would you rather not be paid $150 or not be paid $200? Either way, you have the possibility of not being paid.

My .02

Reply by Moneyman/TX on 12/20/12 2:05pm
Msg #447250

You did the right thing, imo.

I've learned to watch for trends in SC as well as the actual reviews.

As others have said, last minute, emergency type of signings from new-to-me companies usually means more trouble than they are worth, or worse ... charity work for me for a thief.