Posted by grapebed on 6/25/13 11:33am
Msg #474634
First American "white glove" pay
I have rarely had trouble getting my full fee paid of $xxx.
Now they are telling me that in order to maintain my "white glove" status, I have to accept their fee of $75.00.
Whats the scoop? R they bull s**** me?
Anyone else have this as a problem.
Perhaps I would be better offending my status but getting paid my full fee?
Thanks for your thoughts
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Reply by pan/nd on 6/25/13 11:40am
Msg #474635
been doin' this a LONG time.....never have had "white glove status".....don't want it....
'cuz they pay me $XXX generally without quibbling
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Reply by 101livescan on 6/25/13 11:45am
Msg #474638
I think it is regional based payment guidelines by schedulers' supervisors, or critical nature of docs, like same day funding, or high ranking banking executive client where they want to make sure everything goes 1000% or their A$$ is GRA$$.
I recently performed a Chase closing on investment property. I got $125. My favorite LO at Chase requested me, they had no choice but to go with his request.
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Reply by Yoli/CA on 6/25/13 11:44am
Msg #474637
I'm also "white glove" status. I don't respond to their email flashes. The $50 fee they offer is not in my business plan.
I wait for them to call me; I ask the pertinent questions; then, I give them my quote. It always has to get approved. Sometimes, they call back. For instance, did one for them last night at $300.
If you don't respond to their early post, then you don't have to accept their paltry offer.
JMPO
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Reply by HSH/WA on 6/25/13 12:23pm
Msg #474640
Re: Signings are slowing down and this is probably
just a sign of it. If they can get it for $75, why pay more? I've been in the loan business before when rates creep up and it dries up fast. There really isn't enough business to go around as we come off one of these peaks and those NSAs (like me) who insist on $XXX might be in for a real loss in volume. June has been average for me but EOM was empty.
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Reply by jnew on 6/25/13 10:34pm
Msg #474731
Re: Signings are slowing down and this is probably
FASS was paying 75.00 in my area (SE Wisconsin) as far back as 2009 for the white glove status. It is not profitable, if you have any amount of travel.
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Reply by doglover/CA on 6/26/13 1:32am
Msg #474742
Re: Signings are slowing down and this is probably
They do up the fee if the signing location is at a great distance from you if they are desperate to fill the work order.
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