Posted by Roxtar/CA on 10/5/12 1:58pm
Msg #437330
Transamerican Escrow is JT Notary
I got a call from Transamerican Escrow. They don't pay normal Escrow fees but more like that of a signing service. I asked why. They said they have an in house signing service they use but payment will come directly from Escrow. I asked the name of the signing service.... she stumbled and said "uh.. just under an individuals name - no company specifically". I went on to ask her, "If the signing service is not making the phone call to me and the payment is not coming from them, what exactly are they doing to earn a cut of the normal escrow fee to a notary?" She could not tell me. Transamerican does not come up in the list of rated companies but if you type in "who called me" the number comes up for JT Notary. JT Notary no longer has a site and appears to be out of business because it is now Transamerican Escrow from what I can tell, or why would they share the same number? I said she could pre-pay the signing fee or find another notary. She replied "it is clear you do not understand the way we work. We will remove you from our list". I am sure I understand all to well the way they work.
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Reply by Shelly_FL on 10/25/12 4:01pm
Msg #440358
Woopsie! Hit enter tooo soon! Harry can you fix that? :)
So, she asked me my fee for a refi in my area, to which I quoted my fee. She responded, we only pay $100 for edocs. I am thinking then why did you ask my fee and then give me a fee that is clearly not what title/escrow companies will pay, especially at EOM?
It took a while to track down info on Transamerican Escrow, so for what its worth, this was my experience.
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