Posted by Angela Ignace on 6/11/12 12:13pm
Msg #423151

National Loan Closers

DO NOT DO BUSINESS WITH THIS COMPANY!!! THEY ARE A JOKE! THEY ARE SLEEZY AND CLAIM AT TIME OF PAYMENT THAT YOU DIDN'T DO YOUR JOB PROPERLY AND REDUCE YOUR PAY.

Reply by GOLDGIRL/CA on 6/11/12 12:32pm
Msg #423154

Couldn't find a National Loan Closers in SC but there is a National Loan Closings in
Windsor Heights, IA, whose SC ratings exactly match your complaint, which you could have easily determined before you took the job. Still, sorry they're screwing you over.

BTW, whoever it is, please post your comment in SC, too.

Reply by Notary - Premier on 6/11/12 3:37pm
Msg #423172

Don't get the two companies confused. I have done several closings with National Loan Closings out of IA and they have always met my fee and I have never had an issue getting paid from them. So National Loan Closings is an excellent company to work for.

Reply by Saul Leibowitz on 6/11/12 5:06pm
Msg #423179

Agreed; they{Natonal Loan Closings} always pay my fee with no complaints by direct deposit and when they say they will pay it, end of following month. If you can agree with that, you will find them good to work with.

Reply by Carolyn Breckenridge on 6/11/12 6:33pm
Msg #423189

Are we talking about NLC. I did a closing for them and never again. It took 71 days to be paid and I had 38 page fax back. Not to mention, their fees are to low.

Reply by Yoli/CA on 6/11/12 8:16pm
Msg #423203

National Loan Closings in IA pay schedule:

begins processing payments on 26th for prior month's signings dated 27th-25th
i.e. 7/27th thru 8/25th will be paid on 9/26th
for me, checks received ~ 7th

I'll work with them if: a) they meet my fee of $XXX, and, b) the signing is between the 20th and 25th of the month. Otherwise, waiting too long for payment. They've never shorted me on an agreed fee.

Reply by HisHughness on 6/11/12 9:05pm
Msg #423216

***If you can agree with that, you will find them good to work with.***

I definitely do NOT agree with that, Saul. I understand that they purportedly pay when they say they will, most of the time. The problem with that is that you can wait up to 60 days to get your money -- money that they are using for their own ends.

There is no inherent reason that ANY company cannot pay its signing agents at the end of the month -- none. From my experience in business, there should be no more involved in paying on the first all the invoices that are in through the 31st than there would be in waiting till the FOLLOWING month to pay them.

I gave NLC one star because they have actually established a policy that takes advantage of every signing agent who works for them. It is deplorable, and a couple of other even stronger adverbs that I could employ.

I will not work for them again.

Reply by NJDiva on 6/11/12 9:07pm
Msg #423217

"I will not work for them again."

Unless they pay by Paypal?

Reply by HisHughness on 6/11/12 10:56pm
Msg #423224

The issue with NLC isn't how they pay you, it's when. n/m

Reply by Buddy Young on 6/12/12 12:02am
Msg #423226

Re: The issue with NLC isn't how they pay you, it's when.

I did a couple of closing for National Loan Closings and they did pay when they said they would.

It was 60 days out before I recieved my money.

I no longer take calls from them, we should all be paid in a timely maner.

Reply by MW/VA on 6/11/12 1:21pm
Msg #423161

Thanks for trying to warn others. When posting on the forum it is a good idea to list the city & state of the co. you're referring to. There are many cos. with similar names.
Also as a tip, posting in all caps is considered shouting. While you may feel like that, it isn't considered good form to post in all caps. :-)

Reply by Janice Bennett on 6/24/12 9:41am
Msg #424498

Re: National Loan Closings

I have worked with National Loan Closers for a couple of years. They do pay low, but generally they do Wells Fargo Loans which are very simple closings with streamline paperwork that is quick and easy. I recently signed up with National Loan Closings. A different company. I do not like them. First of all, they send you an email and ask you to apply for the closing in your area, letting you be aware that you have to "bid" for it and the lowest fee bidder gets it. They want the most work for the least money, which they pocket the rest when we are doing all the work. Next the closing package is anywhere from 150 to 175 pages, and you have to print two copies, one package for the borrower. You are looking at 300 to 350 pages. Two closings used up half of my toner. They want 37 pages faxed back after the closing. They have unnessary papers in the closing like schedules for the year of right of recission dates, the whole title commitment with back up (previous recorded docs from the last closing when they purchased.) Also they insert pages with instructions like MAKE SURE TO GET TWO WITNESSES ON MORTGAGE. You can't weed through all this and print just the pages you need for the closing because usually there isn't enough time. So bottome line, if you want to get paid $70 for all the work, paper, toner and gas, your fee for this big headache is probably $45. Plus the signings take over an hour and the borrowers start complaining about how tired they are of signing so many papers.