Posted by pat/WA on 2/8/12 6:56pm
Msg #411189

title source

I would appreciate any comments good or bad on Title Source. I have been contacted by them to do a signing but the fee they want to pay is low

Reply by Sylvia_FL on 2/8/12 7:21pm
Msg #411190

Linked for you

Reply by Saul Leibowitz on 2/8/12 7:23pm
Msg #411191

Fees are always paid on time, twice per month. Deals closed the first half of the month will be paid before 10th of following month, usually faster; deals closed the second half of the month will be paid before the end of the next month. Payment is never a problem.
The staff is very good to work with. The loans I have done for them are for either Quicken or Chase and there are no issues at the table. Note that most, but not all, of the Quicken loans require no printing as the original package goes to the client in a sealed envelope which you open in the client's presence. Of course there is no print fee for those but my theory is I don't drive a long way for most of these so it is the time for the round trip and the closing divided into the fee and I find it an acceptable rate and "eat" any auto expense.
Of course, if you have to print for a Quicken deal or a Chase deal you would have to look at it differently.
No hand-holding; just call there computer w/in 90 minutes of finishing, input the loan number, press "3" and head to UPS and wait for your check.

Reply by jba/fl on 2/8/12 9:00pm
Msg #411200

"head to UPS and wait for your check."

How long to you have to wait there? LOL

JK

Reply by Jack/AL on 2/8/12 7:29pm
Msg #411193

Excellent company! One of my two most favorite! I started working with Title Source (TS) just a few months ago, and now hope for much more from that company. The pay initially seemed a little low, but not much. TS normally sends docs overnight to the borrower. When emailed to me, a satisfactory increase is offered. Packages are very neat. Repetition and differing versions of some forms are minimized, so the number of pages usually is about 80 to 90, as opposed to 90 to 130 from other companies. Most spots which require the borrower's signature already has the name typed in, with the date already entered. There's even a large green envelope in which to place any check or money order required from the borrower. The borrower's copy of the docs is bound neatly within a jacket. Even the assignment sheet and instructions are clear and concise, combined on about 1 2/3 pages. There's even a very easy acceptance confirmation and completion confirmation process using the phone. Pay has so far arrived in about 28 days. TS does it the way I think I'd do it, if I were in the position. If I could get two of their signings each day, I'd not have to bother with other title companies and signing services.

Reply by MW/VA on 2/8/12 7:51pm
Msg #411195

Lots of comments in SC. n/m

Reply by MrEd_Ca on 2/8/12 8:42pm
Msg #411198

They're payment is on the low side but is great if the assignment is close to you AND the property is not in a trust. If in a trust, the number of notarization's required, & time involved, increases considerably. These loans usually have 2 notarization's per borrower but in a trust the extra documents (2 Grant Deeds, 3 Certifications of Trust, &, usually, a couple of Preliminary Change of Ownership Reports--- this part may be a California-only requirement) equal a grand total of 7 notarization's per signer. The additional signing time is considerable, IMHO. I used to do some of these but the last 4 or 6 were all for property's in trust's . I was not happy. I short circuited when they sent me one email closing for two borrowers in a trust, + FHA docs, + 50 pages of some sort of inspection report . There was no fee adjustment & the extra print fee just was not worth it for me. Then they sent me one for 3 borrowers in a trust but the confirmation only had one borrower's name. I no longer am on their call list.

Reply by cremevette on 2/9/12 1:06pm
Msg #411235

Agree with all of the above! Not the highest paying company, but a no-brainer for the most part. I have three for them this week and would take THIRTY if they offered. The checks come out quickly too, which my Quicken account LOVES.

Reply by Debbie/AZ on 3/20/12 4:03pm
Msg #415486

The fee seems low but you generally are not printing docs, they try and keep signings close to your base, and they do pay extra for printing. They always pay promptly, NEVER a problem. Docs are always clean and neat. I love doing signings for this company. RARE fax backs.