Posted by ToniK on 3/9/13 10:17am
Msg #460215
Laundry list of fee reductions
So this past week I've been getting emails from signing services about the errors they incur on notaries fault and the fee reductions they have implemented against the notary.
So I thought it would be fun to create our own laundry list of fee increases for errors that are not the notaries fault. Even though they may not pay it. This should be a fun activity.
Late docs-$50+
No call to inform cancellation or reschedule $75 (doctors, dentist charge no show or less than 24 hours cancellation fees)
Meeting irate BO due to issues from lender $50+
Chasing down payment, late payment incur a 10-20% late fee per month
Short a check - late fee percentage accumulates
|
Reply by 101livescan on 3/9/13 10:30am
Msg #460217
Documents not scanned properly so you have to request they be resent~on the fly...
$100
You're on the road~we have a revised HUD, need to print before you get to borrower $50
Dog sinks teeth into your ankle $200
I could go on and on....
|
Reply by MW/VA on 3/9/13 10:30am
Msg #460218
Luv it, Toni! ;-) LOL n/m
|
Reply by HisHughness on 3/9/13 10:37am
Msg #460224
For each copy of same document but in different format: +$5
For multiple formats of jurat: $2 X number of different formats
For multiple formats of acknowledgment: $2 X number of different formats
For each page of instructions to escrow officer included in packet: $1
For appraisal included in packet: $15
Failure to include valid phone number for borrower: $15
Failure to notify borrower that spouse must be present for signing: $50
Misspelled name of borrower requiring correction for each document: $50
|
Reply by Ellen Welsh on 3/9/13 10:39am
Msg #460226
Absolutely. What a novel idea. but I would charge more for late docs.
|
Reply by ToniK on 3/9/13 12:06pm
Msg #460250
Lol that's why I put the + sign
|
Reply by Notarysigner on 3/9/13 10:51am
Msg #460229
Closing instructions to Settlement Agent(s) $50.00
|
Reply by HSH/WA on 3/9/13 11:32am
Msg #460236
Re: How much for no docs at EOM? n/m
|
Reply by Ilene C. Seidel on 3/9/13 11:44am
Msg #460244
Re: How much for no docs at EOM?
Full fee
|
Reply by ToniK on 3/9/13 12:31pm
Msg #460256
Lol I like Hughes idea of $1 per page. I've had BofA & Citi include Closing instructions, master closing instructions, specific closing instructions, addendum to closing instruction & escrow instructions to the tune of 100 pgs... Grrr
|
Reply by bagger on 3/9/13 12:09pm
Msg #460251
For each hand-holding call --- $25.00
|
Reply by Robert522TX on 3/9/13 12:29pm
Msg #460255
+ $100 for meeting client in nasty, dirty, smelly house with music blaring and kids screaming
+ $50 for pouting spouse who makes it very clear that you need to hurry up or he's leaving before you can finish....
|
Reply by CarolF/NC on 3/9/13 12:54pm
Msg #460259
This is great. I typed up a list of my additional fees for
errors in response to those emails but its still sitting in my draft box.
|
Reply by ToniK on 3/9/13 1:11pm
Msg #460261
Re: This is great. I typed up a list of my additional fees for
Lol that's why I posted here. I thought of sending one back to them.
Did you see the $25 a day penalty till Title gets docs?
|
Reply by CarolF/NC on 3/9/13 2:04pm
Msg #460268
I did not see that $25. What the heck. Toni I'll email if
you email. You go first. LMBO .
|
Reply by SheilaSJCA on 3/9/13 2:11pm
Msg #460270
let's not forget:
Failure to advise signer of funds due and explanation of why funds due $15
Not checking that signers have ID that is proper and matches documents $50
Advising signers ahead of time that copy of ID is needed $15
|
Reply by Jack/AL on 3/9/13 5:49pm
Msg #460312
Full fee for pretending to cancel the signing, just to get rid of me and hire a cheap Notary Public to take my place. Full fee again for sending me later to clean up the mess made by the cheap Notary Public mentioned in the first sentence. Throw in another $50 for my aggrevation and their lying.
|
Reply by JanetK_CA on 3/9/13 6:56pm
Msg #460319
Re: Laundry list of fee reductions; Love this, Toni!
Property in a trust and Trust Certification not filled in: + $10 - $20, depending on the form
(I'm seeing more of these actually filled out in advance lately. Yaaaayyy!!)
Preliminary Change of Ownership Reports (one with each Grant - or other - Deed, in CA) not filled in, but notice included that the tc can't do it for liability reasons; but notary's fee to be docked if not completed: anywhere from $20 - to $20K+ (depending on tax consequences)
Incredibly bad grammar in escrow/title docs (or lender's, for that matter), to the point that it's very unclear what they're asking for (e.g. double negative sentence with yes or no response requested): + $5.00 per occurrence.
There must be more, but you folks have come up with a pretty darn good list so far! 
|
Reply by Belinda/CA on 3/9/13 10:07pm
Msg #460350
Full fee when you arrive at the signing only to discover the
spouse of the borrower you confirmed with speaks NO English. How come nobody knows this already? "It was not a problem last time we refi'd!"
For policing every conceivable scenario that title, lender, SS has overlooked $300.
|
