Posted by NJDiva on 5/30/12 9:41pm
Msg #422252

How many people have received the below?

From: ****** ********

Re: Notary Fees

Dear Signing Agent,

I want to thank you for your continued support in assuring the success of ********. We value your services and appreciate the partnership developed throughout the years. Unfortunately, with the economic turmoil faced by all, we have been forced to cut our costs to our clients in order to remain competitive.

Although the majority of us felt the crunch back in 2007-08, we continued to pay our notaries premium amounts to conduct each of our closings. Unfortunately, we are no longer able to do so and have been forced to implement a pay cap for services rendered for all local closings within your area. Effective April 15th, 2012- Fee Table:

Notary States:

Single Set of Loan Documents (Over Night): $50.00

Single Set of Loan Documents (Email): $70.00

Additional Sets Signing Simultaneously: $30 + Print Fee (If Applicable) $20 = $50.00

Trip Fee/No-Sign: $30 + Print Fee (If Applicable) $20 = $50.00

Print Fee Only (No Trip Made): $20.00

We understand this may cause some hardship, and for that… we truly do apologize. We are hopeful that you will take into consideration the many years of service, our consistent pay schedule, and a staff willing to go above and beyond to protect your best interests and will choose to remain a part of our network.

Please send an email to:********@******** advising whether you have elected to accept or decline. If you choose to decline, please let us know what your fee would be and we will update your records to reflect the most current information. Those of you that choose to accept our fees will be listed as a preferred notary within our network for your area.

Thank you for your cooperation and understanding. If you have any questions, please don’t hesitate in contacting either me or one of our scheduling team members.

****** ***********

VP, *****************

********@**********.******

Reply by NJDiva on 5/30/12 9:43pm
Msg #422253

That letter says it clearly...if you are working for them, you are "assuring the success" of lowballers and keeping them in business...lol

I couldn't have said it better myself.

Reply by jba/fl on 5/30/12 10:10pm
Msg #422254

don't play games - Name the company n/m

Reply by NJDiva on 5/31/12 7:28am
Msg #422269

I'm sorry everyone...it is...

Notary Direct. Cheryl just called and told me I need to out them...lol...I didn't even realize these posts were made.

As GG mentioned, I too, think it was posted a while back.

They are a 3 star company in SC. Most of that is because of their low fees. They've always had low fees, it's just that now they're pathetically low.

Awesome post Les! Hit the nail right on the head!

Reply by jba/fl on 5/31/12 7:38am
Msg #422271

"Cheryl just called"...who is Cheryl? Thought you were.

Are more than just you posting under this name?

Reply by kathy/ca on 5/31/12 9:50am
Msg #422276

JBA, looks like you are not going to get an answer to your

question!

Reply by jba/fl on 5/31/12 10:41am
Msg #422287

It's only been 2.5 hrs - I have all day to wait. LOL n/m

Reply by NJDiva on 5/31/12 1:48pm
Msg #422295

What are you talking about Kathy and Jules..

I did answer the question...it's the other Cheryl!

Reply by jba/fl on 5/31/12 2:36pm
Msg #422296

Are you saying you are split personality now?

What other Cheryl? You are the only one who posted....

You lost me.

Reply by 101livescan on 5/31/12 4:27pm
Msg #422304

Re: What are you talking about Kathy and Jules..

Cheryl Elliott SB called Cheryl in NJ and requested she OUT these idiots in this thread


In fact, they are fools for thinking we'd fall for this! Where on earth did they get their business plan.

Band together NOTARIES, don't say NO, say HELL NO to these pitiful offers.

Reply by BrendaTx on 5/31/12 6:09pm
Msg #422314

Why did I know that? :O) n/m

Reply by jba/fl on 5/31/12 8:39pm
Msg #422319

Because your mind takes leaps & bounds like Superman!?

I was sitting here in the morning with not a single drop of coffee to fuel mine...

Still, I never ass u me.

Reply by BrendaTx on 5/31/12 8:42pm
Msg #422321

I ass u me . . . but you notice I did not perk up and say

that I knew that already!!! I lay in wait until I could be smug.

Reply by jba/fl on 5/31/12 8:44pm
Msg #422323

smug - gums n/m

Reply by NJDiva on 5/31/12 10:33pm
Msg #422336

"don't say NO, say HELL NO to these pitiful offers" lol

I love you Cheryl (must be in the name...lol-yes, I say that in the mirror too! lmao)

Amen SISTA!

Reply by Les_CO on 5/30/12 10:57pm
Msg #422256

To interpolate:
“Preferred notary” translated means:…… Sucker
“Unfortunately, with the economic turmoil faced by all, we have been forced to cut our costs to our clients in order to remain competitive” translated means:………. Be advised that our client, the title company, or their client the lender, have NOT lowered the costs to their client the borrower, they in fact are charging more now than ever. They however are totally insatiable, and greedy beyond the dreams of Avarice, while also being very poor at marketing, so they now choose to keep as much as “your fee” charged to the borrower, for themselves as possible.
“we truly do apologize” translated means:….. NOT!
“We are hopeful that you will take into consideration the many years of service, our consistent pay schedule, and a staff willing to go above and beyond to protect your best interests and will choose to remain a part of our network.” translated means:………. We didn’t cheat you in the past, but we need more money now, and are afraid to ask our only customer for more, so it looks like you guys will just have to suck it up and PAY if we are to stay in business.
“Those of you that choose to accept our fees will be listed as a preferred notary within our network for your area.” translated means:…….. Number “one” sucker!
“Thank you for your cooperation and understanding. If you have any questions, please don’t hesitate in contacting either me or one of our scheduling team members.” Translated means….Not any serious questions please! Like why we don’t modify our contracted price with our client so as to be able to pay a fare fee to you our ‘silent’ partners, and still be able to cover our costs and make enough profit to stay in business”
And no we don’t think we are “stupid”….but we are counting on you being just that, and swallowing this BS we just sent out.

Reply by supersigner on 5/31/12 12:12pm
Msg #422292

I received it...Sorry, but my expenses have gone up too, including NotaryRotary if you have noticed.

Reply by GOLDGIRL/CA on 5/30/12 10:42pm
Msg #422255

Are they nuts?

However, I'm sure they will have no problem getting suckers to work for their fees. I would be tempted to write back something along the lines of: I'm so sorry you are so bad at business that you have to gut the loan-signing profession by caving in to "competition" and suggest to them they need to market and fine better clientele (just like we do!). You could also do a internet search and forward on to them reports that TCs and lenders have been steadily increasing their fees since the Ice Age. They don't know the meaning of cutbacks (unless it's notary fees and no thanks). And as fas as I can tell, there is no more "economic turmoil." The refinance business is red hot; this one major lender just sent the entire office to Vegas for a "job well done, we made a zillion dollars" trip. So it's too bad this SS missed the boat. And depending where you are, foreclosure sales are also booming.

BTW: I think this exact letter was posted here some time ago .....

Reply by docs1954CA on 5/30/12 11:14pm
Msg #422257

And we worry about price fixing..

These numbers look awfully familiar, don't they ??...$70 e-docs, $ 50.00 O/N...Hmmm, who's doing the fixing here??
Sounds like somebody I've never worked for anyway. but who are we talking about?

Reply by linda/ca on 5/30/12 11:22pm
Msg #422258

Re: Are they nuts?

Don't assume all these SS's are "really"receiving less from their clients. Why not take advantage of all the individuals willing to work for peanuts! Of course they forget the saying that: "If they pay peanuts; sooner or later they will get monkeys." That's our only "saving grace."

Reply by JanetK_CA on 5/30/12 11:49pm
Msg #422259

What I want to know is why in the world would anyone want to be put on their "preferred notary" list so that they can fill up their calendar with assignments that don't make them any money, therefore not being available for those offered by someone willing to pay a reasonable fee.

It boggles the mind...

Reply by snoopdogMs on 5/31/12 10:00am
Msg #422280

Janet what boggles MY mind is why

signing services that pay $90 are listed as 4-5 star companies. I received a call 2 days ago from a highly rated ss out of FL. and she wanted to pay $95. This individual sometimes gets $175 on the HUD.. I know one ss that makes $195 from a liberal paying title company. Most of these ss are possibly getting $150+ and they make anywhere from $50,60,75 on the closings. Agents keep closing for these highly rated we love, love, love this person/signing service and posting stellar reviews. Where does it stop?

Reply by snoopdogMs on 5/31/12 10:05am
Msg #422281

BTW, I don't know why this ss called my back since

I have closed for her in the past for my fee, not her low fee and she warned me that I had deep pockets and would only be used if she could get more money from the lender. I would say that her statement was like the kettle calling the pot black. She gets high dollar but does not want to pass the profit down.

Reply by supersigner on 5/31/12 12:15pm
Msg #422293

Re: Janet what boggles MY mind is why

More names of high paying companies are needed on this forum. I have already worked for many losers.
I will add one next week...giving them one more week to pay me...

Reply by JanetK_CA on 5/31/12 2:56pm
Msg #422297

Don't hold your breath...

Names and contact information of good companies are the lifeblood of a successful NSA. This is the sort of thing that most businesses consider proprietary business info. And except for the big guys, none of them want to be bombarded with applications from people at all different levels of experience and expertise. Just make sure you can be found - and that you've honestly presented yourself in the best way possible - when one of them needs someone in your area. That doesn't mean you can't use whatever other means you can find to try to identify them on your own.

Sometimes no news is good news... but you should use good judgment, regardless.

Reply by Scriba/NM on 5/31/12 2:55am
Msg #422262

First of all, name the company. What's the problem? What's all this **** business? Big Secret! Wow.......

In a way, however, it's nice that there are companies out there that will be hiring only incompetents and ding-dongs who accept stupidly low rates to perform loan signings, thus, not bothering those of us who actually know what we're doing. As previously mentioned, send them a nice letter, rejecting their offer, if you have the time.

I try to work for as few "signing services" as possible, however, I do have a couple that pay proper fees and pay on time and I've been with them for years. I attempt to keep the same clientele year after year by providing excellent service and I rarely take on any new companies just because I just don't want the grief.

Reply by Marian_in_CA on 5/31/12 4:00am
Msg #422264

zzKere n/m

Reply by Marian_in_CA on 5/31/12 4:02am
Msg #422265

Whoops. Here's all I need to know...

"continued to pay our notaries premium amounts to conduct each of our closings. Unfortunately, we are no longer able to do so..."

That means you go out of business, not force others to work at a loss so you can make a profit.

Reply by Arnold Mclellan on 5/31/12 5:41am
Msg #422267

Re: Whoops. Here's all I need to know...Name them

why not name them
their name out front will help them continue their success lol

Reply by MW/VA on 5/31/12 4:57pm
Msg #422307

"That means you go out of business, not force others to

work at a loss so you can make a profit."
Excellent, Marian. Right to the point!

Reply by JanetK_CA on 5/31/12 11:52pm
Msg #422358

Re: "That means you go out of business, not force others to

You probably didn't mean it literally, but to belabor the point, no one can "force" that upon anyone without their consent. Thankfully, as independent contractors, we can always say "NO". (Or "HELL NO!", as Cheryl E. suggested... )

Happily, they haven't bothered calling me in a very long time. I guess there must be several folks in my area accepting those fees. Very sad!

Reply by Barb25 on 5/31/12 7:34am
Msg #422270

I haven't but I wonder if

it is the same company that "reached out" as noted in Message 418013. I mustn't do work for this company or the other because I didn't get either "drink the Koolaid" memo. But I still can't believe these people are living in Oz thinking we are living in a better economy than they are and their sense of entitlement is such that it "our" job to sustain them. WTF. Send the email back change the figures and the wording directed towards them or be totally mature (no fun at all) and throw it in the trash.

Have a great day all.

Reply by Sha/CA on 5/31/12 2:56pm
Msg #422298

Nations Direct

I saw the post, but apparently some didn't.

Reply by MW/VA on 5/31/12 5:41pm
Msg #422311

No, she said Notary Direct. n/m

Reply by Hart - Marilyn on 6/1/12 11:25am
Msg #422383

Re: Notary Direct and Nations Direct pay less than minimum n/m

Reply by Penny Guimaraes on 7/7/12 6:54am
Msg #425858

It is posted on the home page. They called me to do one and I agreed and then saw the above. I called Mark K and told him I would do it but to please remove me from their data base. It's not enough $ and a LOT of times their fee is on the HUD and it's $150. They take $80??? I'm out.

And then the one I had canceled. No heartburn on my end.

Reply by Costin Harnoncourt on 8/27/12 8:42pm
Msg #432177

Garbage company, stay away from them. They hire you for a job and then call around to find a cheaper notary without telling you that. GARBAGE, let them find bad notaries for these cheap prices.

Reply by Costin Harnoncourt on 8/27/12 9:29pm
Msg #432185

Garbage company, stay away from them. They hire you for a job and then call around to find a cheaper notary without telling you that. GARBAGE, let them find bad notaries for these cheap prices.