Posted by Candace Coy on 1/17/13 1:16pm
Msg #450853
Fair Payment
I am new to this industry. What is considered a "fair payment price?" Most of the companies out there are offering $50-60. I think that is decent, but as I gain more experience, I hope to get paid for it.
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Reply by CopperheadVA on 1/17/13 1:22pm
Msg #450855
I don't think that's a fair fee at all n/m
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Reply by Yoli/CA on 1/17/13 1:25pm
Msg #450856
Hi Candace and Welcome!
This forum is full of valuable information for new and seasoned notaries. The catch is you must first do your research. I'll refer you to a few messages which may be of help to you.
To answer your immediate question:
Msg #450341
Msg #450411
To guide you as new to the industry, start with the following message and read and read and read ...
Msg #33325
Good luck in your present endeavor!
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Reply by ToniK on 1/17/13 1:27pm
Msg #450858
I call it J(ust) O(ver) B(roke) fee!!! n/m
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Reply by PublicTipic on 1/17/13 1:28pm
Msg #450860
I have heard of companies offering these fees but have never encountered it. The going rate is more like $125-$175 for seasoned NSAs with Title Producer Licenses and industry knowledge. Good luck and do your research. There are the lowballers that prey on newbies. Beware!
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Reply by signhere/ca on 1/17/13 2:17pm
Msg #450870
You will go broke at $50 -$60 dollars a signing! Even if the signing are next door.
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Reply by Frank/NC on 1/17/13 3:00pm
Msg #450876
Although you may be new to the industry, your services are worth the same as any experienced Notary. It may well take you a little longer to complete a closing as well as a few butterflies in the stomach but the end result is that the job gets done. Don't let the low ball companies take advantage. During any closing, if you have any questions, just call whatever number they give and let them answer it for you. Read everything possible about closings as well as read this board every day. There's a lot to learn here.
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Reply by CopperheadVA on 1/17/13 3:27pm
Msg #450882
I agree - my first closing I got paid $150 which did include about an hour of travel.
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Reply by Scriba/NM on 1/17/13 4:07pm
Msg #450891
THIS IS WHAT IS RUINING THIS INDUSTRY n/m
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Reply by JurneiCA on 1/17/13 4:18pm
Msg #450896
Re: THIS IS WHAT IS RUINING THIS INDUSTRY
got that right! I can't imagine fools that work for those fees....
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Reply by JurneiCA on 1/17/13 4:17pm
Msg #450895
OMG!!! I don't go out of my home for less than $100. $50 wouldn't even cover printer, toner, paper, gas, time, etc.
Don't ever work for a company that on pays those crumbs....send the loan to India for signing!
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Reply by La Trese Breaux on 1/17/13 5:01pm
Msg #450905
Why are these companys starting to lowball, I feel like there insulting my intelligents when they try to pass me a fee of $65.
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Reply by TacomaBoy on 1/17/13 5:19pm
Msg #450909
Fair Payment
Hmmmmm . . . Are you a SS mole? ;-)
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Reply by La Trese Breaux on 1/17/13 6:13pm
Msg #450914
LOL goood one nope just call me 007 lol
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Reply by Yoli/CA on 1/17/13 5:56pm
Msg #450912
Whatever the market will bear works both ways. If you're willing to accept $65, then they know that market is ripe for the picking and they keep coming back until you wise up and that market dries up. Then, they're on to the next victim/newbie.
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Reply by MW/VA on 1/17/13 6:52pm
Msg #450917
Please do not support cos. that offer those ridiculous fees.
Also, check out cos. in Signing Central. Often the ones that offer the low fees also don't pay!
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Reply by dgd/CA on 1/17/13 8:20pm
Msg #450932
Please Do Not Proceed.. Do Not Pass "Go!!!" n/m
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Reply by JulieD/KS on 1/20/13 10:05pm
Msg #451341
I won't put on pantyhose for less than $100 (refi, no edocs) or $150 (refi w/ edocs).
Price is higher for an RM.
It's my pantyhose fee. I have to paid amply to wear them. But then, I've been doing this for 10 years. I think my fees are kind of low.
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