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 Our fees + their relevancy to state of industry
Posted by Laura_V on 10/29/09 11:25am

Posted by Julie/IL of IL on 10/23/09 4:16pm Msg #308482

Now let me say this. After I read [a post by LauraV about old dogs + new tricks] I was baffled. Same questions and thoughts that all of you have already posted. I don't "normally" reply to too many topics on this forum as there are already so many helpful posts, that its really not necessary for me to. Unless I can add some advise that hasn't been mentioned. Anyway, maybe this isn't directly pertaining to this particular post, but it did get me thinking.

Many of the posts I read daily are about low pay, no pay companies. As well as the posts about lowered fees and somebody's taking these closings for this or that. I can't remember who posted in this thread about hardly being able to get companies to pay $125. I definately think these posts are helpful but I think the one thing we are forgetting is that obviously the "industry" is in the crapper. We are all fighting for work and trying to set fees to keep us afloat. But it WILL come back! The industry will rebound. Maybe not as fast as we'd like, but it will. Signing agents are still going to be needed for a long while. And when the industry comes back, companies will call. They will have no choice. It may or may not be as great as it was 5 years ago, but companies are not going to want to call 10-20 notaries to find the cheapest when they can't keep up with the orders coming in.

With that being said....We, as business owners, need to do what's best for us. Title companies and SS's are as well. When the time comes, these companies will have no choice but to pay what we charge because they will hopefully be too busy to continue to "shop" around. Our company does not work for SS's for many reasons posted on here. We have no problem getting what we ask for because that is what we deserve. Do some companies shop for cheaper, sure. And when that person takes a job for less than what we'd take, we get the next call at our fee. We won't bend. And hopefully soon you all won't have to either.

I guess what I'm saying is do what you need to do for "now." Hang in there. This is far from over. IMO
Sorry for rambling =) Happy EOM for all!
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