Posted by 101livescan on 9/7/12 8:20am
Msg #433489
JPMC Harp Loans
Looks like Chase Corporate cut a deal with FASS nationally. They are doing a majority of all scheduling now for Chase. Bah humbug.
Sign of the times. Two years ago FASS cut me loose, said I no longer rated as one of their esteemed WHITE GLOVE SIGNING AGENTS. Suited me fine, I went off and developed any even better clientele, better fees.
Suddenly they are calling me again, but the fees are diluted.
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Reply by Dorothy_MI on 9/7/12 8:35am
Msg #433490
Keep firm on your fees, you know how picky Chase is and I'm sure with the fee they are offering they will only be getting newbies and they will have a hard time meeting Chase's standard.
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Reply by janCA on 9/7/12 8:55am
Msg #433492
TS also handles a lot of Chase loans. Unfortunately, there always seems to be a problem with them.
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Reply by CopperheadVA on 9/7/12 9:02am
Msg #433494
And TS does not pay enough in my area for me to do Chase for them. I will do Quicken for TS because they are a breeze and docs are always ready well ahead of appointment, but I will not do Chase for that same fee. I always ask who the lender is when they call me.
I've done lots of Chase through LSI and usually do not have any issues.
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Reply by janCA on 9/7/12 9:28am
Msg #433498
LSI in my area does not pay diddley squat and I haven't worked with them for years. Back in the day, they were one of the highest paying companies, and their docs were ON'td.
Fortunately, TS does pay well, but the Chase loans always seem to have problems in one way or the other.
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Reply by CopperheadVA on 9/7/12 9:32am
Msg #433500
I hear ya! LSI is one of my lower-paying clients, but they do pay more here than TS. Go figure. I have to limit my travel area for both companies because of the lower pay.
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Reply by ME/NJ on 9/7/12 9:50am
Msg #433503
Damn Straight.. ugh JPMC LO's hard to reach at table n/m
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Reply by 101livescan on 9/7/12 9:32am
Msg #433501
Most of the procedural roadblocks lie within JPMC infrastructure. I won't be surprised to see FASS lose this account. Especially with offshore scheduling.
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Reply by janCA on 9/7/12 9:41am
Msg #433502
Good, I hope they do. Those scheduling jobs should be in the states, where they belong.
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Reply by Barb25 on 9/7/12 10:37am
Msg #433509
Well, I don't know what is going on in the rest of the country but I have been doing Chase HARPs for FASS for about two years (maybe a little less). Personally, I will take all that they have. The package is clean. There are two groups of Lender teams at FASS. The VA loan team are usually late with the docs. hmmm. But hey it is not a perfect world. The other team if find to be very cooperative. Chase loves initials but only where indicated and on some pages where there are signatures. Go figure. And I have no trouble getting my fee. Package is under a 100 pages typically. No faxbacks. FASS pays at the end of each week. I don't know. I guess each person has to decide what constitues a good signing company and/or assignment. But for me, if I could do nothing but Chase HARPs from FASS for the rest of my career as a SA I would be okay with.
Just my 2 cents as usual. 
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Reply by bfnotary on 9/7/12 10:41am
Msg #433511
I haven't worked with fass, I have worked alot with ts, and Lsi. They both pay well in my area anyways. Both at least 100. (or I wouldn't even touch it). I love working with both of those companies. I had a TS JPMC this morning. Was only 75 pages, and real clean. Signer was prepared. It was a breeze. Wish they all happen that way. Lol.
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Reply by CopperheadVA on 9/7/12 10:58am
Msg #433515
<< They both pay well in my area anyways. Both at least 100. >>
"Paying well" is so subjective. To me, that fee is low. That is what LSI pays in my area and I limit my travel area to my zip code for their jobs. TS pays even less and that is why I limit their jobs to Quicken only. Due to the unique attributes of Quicken jobs, I can still make a profit on those when in my zip code. I missed a call from TS the other day - I called back within 3 minutes and the job had already been scheduled with someone else.
I still have several regular TC clients that pay $125 or $150, and one that pays $175. There are still good companies out there that pay decent fees.
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Reply by 101livescan on 9/7/12 11:15am
Msg #433518
You're my kinda professional signing agent. Naming and getting the fee we all deserve in this industry. No cake walk, no matter how many pages are in the package.
We are the lowest paid vendor on the hud. We make it happen. We should be paid more than $100 for this work by Chase. They are making tons of $$ again.
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Reply by Barb25 on 9/7/12 11:42am
Msg #433520
Perhaps $100 is not what they are offering everyone. Also I can only speak for me but they pay more if I have to travel further than what I consider my immediate area. Like I said everyone has to decide for themselves what is acceptable. But we cannot assume what others are getting either.
Again my 2 cents.
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Reply by CopperheadVA on 9/7/12 11:53am
Msg #433524
I live in a highly populated area - LSI and TS have many signing agents to choose from here. I used to have my fees set with LSI at $125 and I NEVER received a call. Once I lowered my fees they began calling. They do call me for farther areas and I used to try and get them to pay more, but they absoutely will not do it in my area. They just call the next person on the list and fill the job at the lowest fee they can pay. One time, I tried to get TS up to $100 for a Chase job and they absoutely refused. All I can do to combat the lower fees is to limit my travel area and only accept LSI and TS for local jobs.
After speaking with other notaries, I know that both companies are willing to pay higher fees to signing agents who are located in less-populated areas.
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Reply by Barb25 on 9/7/12 12:19pm
Msg #433534
Re: JPMC Harp Loans @Copperhead/VA
@Copper/VA - This very well could be. I know nothing about LSI or TS. I think I did some work for them when I was in S. FL about 8 years ago. So that info I have is useless. I think circumstances for all of us is difference. I find that FASS when I quote my fee for distance in some case the schedule about has a coronary but for Chase..No. I don't know why. I don't care. It appears that certain Lenders are willing to go the extra bucks for some reason. Maybe there is a criteria.. I don't know. I never did understand FASS. The quality issue thingy can drive you up a wall but if you can live with all of those little quirks, I find them more than okay. If you are looking for individual loyalty and an award at the end of the year, not so much.
I turn away companies that I think are going to be nothing but trouble. I give a chance to some new companies that I regret later on and in some cases I develop happy new relationships. I have never in 12 years had 50 signings in one week. And at this point, I sure as heck don't want it. But like I said, everyone needs to determine what is good for them and I don't think we can assume what fees are being offered or accepted by another or if they are acceptable. Of course, if people are undercutting you to get business in your area and ruining the industry, this is another topic.
The end
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Reply by bfnotary on 9/7/12 12:29pm
Msg #433539
I don't hear from TS to much. I am wondering if maybe my fees are too high for them now. Maybe others are taking less from them now. Who knows. LSI calls me all the time tho. (I am not in a high populated area tho)
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Reply by bfnotary on 9/7/12 12:24pm
Msg #433537
I agree, they also pay me more depending on how far I travel. I was simply saying earlier that 100 is my minimum fee. And I find TS packages, for 100 to be acceptable. (in my area).
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Reply by bfnotary on 9/7/12 12:22pm
Msg #433536
I say pay well, I did not say pay the best. I as well have some companies that pay 125 or more. And yes I as well limit myself on travel. The 100.00 is in my general area. They pay me more to go outside of my area. I was using that as an example, lol that is why I said at least 100.
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Reply by jojo_MN on 9/7/12 7:14pm
Msg #433580
Don't feel bad. I lost my "White Glove" status because I missed an initial on the signature page of the Note. As if that was going to cause the loan not to fund. If there weren't a signature on the page, I would be more concerned, but normally the initial is just to state that you saw the page. Obviously if it was signed, they saw it.
I did offer to go back out and get the page re-signed and over-nighted at my expense, but they said it wasn't necessary, but it will be a "permanent mark on my record". Not losing any sleep over it.
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