Posted by Frenchie/TN on 6/19/12 2:13pm
Msg #423996

E mail response from Altisource

I know from doing a search that many of us have been contacted by Altisource to sign up with them I sent them a reply stating my fees. I did not get into their other requirements some of which would also be an issue . Here is their reply:

"Hello Eveline,

Thanks for getting back to us with the update. I spoke to my manager about the fee part and they said the only way they could have paid a notary more is if we never had other notaries to cover that area and that is not the case.
What I could tell you is ample of business coming in your way, please go through some details about our company listed below.

With our goals set and everything ready on the drawing board we predict to overtake the major chunk of business of all states from various parties involved in the notary business targeting at major mortgage brokers and Title Companies. This would really get a spin in the market where notaries signed up with Altisource will be bound to get much more business than others who are not, of course this wouldn’t be ideally true in every county or every state initially but over a period of time we would surely make it happen.

If you go to our website you’ll see that Altisource is not just into notary management, there are numerous business that Altisource does and that’s why we’re growing day by day. To add more Altisource is a part of Ocwen Financial Corporation (NYSE: OCN) that ranks in standard industry listings such as Fortune 500, S&P 500, and Dow Jones.

Altisource has also taken over Lender’s One,
Lenders One was established in 2000 as a national alliance of mortgage bankers, correspondent lenders and suppliers of mortgage products and services. The St. Louis-based company originated more than $106 billion in mortgages in 2011 and is ranked as one of the largest retail mortgage originators in the U.S. Its mortgage productivity system additionally allows members to close more loans, satisfy continuing education requirements and market themselves more powerfully. Lenders One, now more than 220 lender members strong, is a subsidiary of Altisource Portfolio Solutions S.A. (NASDAQ: ASPS).

We’re just starting the notary business in Tennessee but Altisource is doing good in other states and eventually you’ll see that we will be outgrowing other major players in notary business. Please go through the links(Business owned by Altisource) below to know more about our company.

www.altisource.com

http://www.gohoming.com/

http://www.altisourcehomes.com/

http://www.lendersone.com/

http://www.realremit.com/

http://www.mypremiumtitle.com/

http://en.wikipedia.org/wiki/Ocwen

http://en.wikipedia.org/wiki/Ocwen#Altisource_Spin-Off

Assignments would be there and so will ample amounts of business.

This is all I have to say, I’m not convincing you but just wanted to let you know that we are growing and we would like our notaries to be a part of our growth so they can grow with us.

Look forward to hear from you.


Thanks & Regards,
Iftekhar Ansari | Associate, National Notary Services"

Reply by HisHughness on 6/19/12 2:33pm
Msg #424000

When I get those emails promising volume...

... I am always reminded of the Aggie who went into business for himself, and was talking to a neighbor, a Texas Longhorn.

The Aggie said he was just getting scads of traffic through his shop, and the Longhorn wanted to know how.

"Well," said the Aggie, "I'm offering $1 bills for 95 cents."

"How on earth can you make a profit like that?" the puzzled Longhorn asked.

"Volume," said the Aggie, "volume."

Reply by A S Johnson on 6/19/12 3:35pm
Msg #424010

Re: When I get those emails promising volume...

Hugh,
Just what I was thinking. How many times have you heard "volume" as a reson for lower fees? How long have these companies lasted. And, What do these other companies have to offer us?

Reply by Deborah Breedlove on 6/20/12 6:27pm
Msg #424153

Re: When I get those emails promising volume...

Yes, it's the opportunity to lose money even faster. What a deal!!

Reply by ikando on 6/19/12 2:54pm
Msg #424002

It seems English is not Mr. Ansari's primary language. The response appears to be one provided by a translating software...and not very informative either.

Volume is a wonderful thing if it's something you want. Do you really want to work harder to make "more volume" pay? Low paying jobs in multiples do not help my attitude or bottom line.

Reply by MikeC/TX on 6/19/12 4:52pm
Msg #424017

They are banking on the fact that some notaries don't realize a basic economic principle - if low fees make you lose money, more volume at those same fees makes you lose more money faster.