Posted by sp/MI on 7/9/13 1:55pm
Msg #476097

Low Balling Notaries

I would like to thank (NOT) the notaries in my area that are accepting low ball bids for signings. They ruined a perfectly good, on time paying title company. I just found out there are notaries in my area that are accepting $75-80 for full doc refi's, e-docs + fax backs.

You must be living at home with your parents, using their vehicle, their computer/supplies to accept that low-balling offer. You do not realize you are reducing the fees offered to those of us who have to live on what we make. We do not have parents to live off of. We NEED to make a profit.

Again.... THANKS A LOT!!!

Reply by HrdwrkrVA on 7/9/13 2:15pm
Msg #476100

Re: Low Balling Notaries - What they fail to realize is that

they're themselves short as well! Most reputable TC's pay $150-$200... & NO faxbacks! SMH!?!?!

Reply by Carol Ann Horne on 7/9/13 2:40pm
Msg #476101

I agree, the title companies nickel and dime you. I accepted a few because I was not getting any orders. But I will only accept no less than $80 within a 20 mile radius and I have over 15 years experience in the industry.

Reply by Carol Ann Horne on 7/9/13 2:46pm
Msg #476103

Where are the companies that pay $150, because the most I get is $100.

Reply by jba/fl on 7/9/13 3:29pm
Msg #476109

What are you talking about? TC's don't nickel and dime you - it is the SS's.

The reason you don't get more is because you don't think enough of your value. $80 for 20 mi - are you really making money? I think not.

Reply by Moneyman/TX on 7/9/13 8:44pm
Msg #476152

100% True!

"because you (Carol) don't think enough of your value"

If a NSA doesn't value themselves, their own skills, and the service they offer, what makes them think anyone else would ... or even should?

Reply by Lee/AR on 7/9/13 4:26pm
Msg #476120

Agree w/jba/fl---that's not enough! n/m

Reply by John Tennant on 7/9/13 2:51pm
Msg #476107

Please name this title company to protect the other members of this forum.

Reply by Stephanie Santiago on 7/9/13 3:33pm
Msg #476110

They may be independently wealthy, doing this for the

love of it.......

Reply by jba/fl on 7/9/13 3:45pm
Msg #476111

Oh, yeah...{splutter} n/m

Reply by MW/VA on 7/9/13 3:56pm
Msg #476113

Unfortunately, there are notaries in every area that will

accept low fees. IMO many are part-timers, and to them this is good "extra money". I still get my fee (haven't seen $150 in a long time in this area) and end up working for fewer cos., which is fine with me. I don't have time for the low-ballers, slow-payers, no-payers.

Reply by ToniK on 7/9/13 5:11pm
Msg #476123

Pt notaries who make

$10-15 an hour on their full time job think $80 for an hour worth of work or even 2 hours is golden.

Then you have folks who say $20-25 an hour is great.

Reply by JOHN FOX on 7/9/13 5:18pm
Msg #476126

Re: Pt notaries who make

I will only consider $50.00 per hour fees. Legal paper is double price of letter and charge 15.00 for Legal. Have also asked them to split edocs to legal and letter. Fax backs is $20.00 extra, then there is mileage consideration. Last minute deals is $25.00. I don't get all the perks, but I try.

Reply by CinOH on 7/9/13 5:34pm
Msg #476129

Re: Pt notaries who make

I don't even consider fax backs, extra for all legal, , over-sized packages, extra mileage, dropping at the hub, last minute service fee , late night service fee, etc. to be perks.

There is a cost to us to provide all those things. We're in a service industry and I'm willing to provide extra services happily. I simply cannot and will not eat the cost of these things and pay for them out of my own pocket to accommodate the title companies' and signing services' business plan and bottom line.

We can't get paid for the extras because there are too many notaries giving them away for "free." They're actually paying for them out of their own pocket but don't realize it or care.

Reply by MW/VA on 7/9/13 6:17pm
Msg #476135

You are obviously an attorney, since SC is an attorney-only

state. BTW, legal paper isn't double price here. I buy mine at Costco for about $42/case. I have a
dual-tray printer, and find that I'm now using at least double the amt. of letter paper over legal.

Reply by Sylvia_FL on 7/9/13 8:36pm
Msg #476150

Re: You are obviously an attorney, since SC is an attorney-only

He is not an attorney in SC

Reply by Linda_H/FL on 7/9/13 9:13pm
Msg #476157

Don't forget, in SC telephone presence by an attorney

is sufficient to satisfy the requirement. John may be a notary just like us.

Reply by desktopfull on 7/9/13 5:07pm
Msg #476122

Instead of complaining about what others are doing, maybe you should spend more time working on building your own business and marketing your skills. Or just find something else to do to make enough capital for yourself.

Reply by Pam/NM on 7/9/13 5:53pm
Msg #476133

**Like** :D n/m

Reply by MW/VA on 7/9/13 6:15pm
Msg #476134

Exactly! No time to think about others who work for

peanuts. :-)

Reply by 101livescan on 7/9/13 6:52pm
Msg #476137

Re: Exactly! No time to think about others who work for

It is absolutely incomprehensible for me to understand why people will work for peanuts!

Reply by ToniK on 7/9/13 8:01pm
Msg #476145

Re: Exactly! No time to think about others who work for

because they work a full time job for peanuts.

Reply by Moneyman/TX on 7/9/13 8:48pm
Msg #476154

Agree with Desk. n/m

Reply by Mobil/CA on 7/10/13 12:23am
Msg #476165

I am also faced by the part time signers who will work for 75, they cheapen the entire industry and effect all of our incomes. My locals are 125. 40 miles rt, scanbacks are additional and large pkgs I do cover a large area so my travel fees go up...I do get more bookings...than I turn down. I have found that if you say no, they call me back at my quoted fee

Reply by Alice/MD on 7/10/13 11:43am
Msg #476192

I stay with my $150 for docs 100- 120 pages. 20 miles one way, no fax backs. I get $50 for 2 Affidavits when they hire a Notary for $75 and they have to come to me to correct their $75 notaries mistakes.