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Posted by PaigeTurner on 8/9/22 2:47pm
I did the math from the platform Negrete's cattle call was for.
I don't see anything profitable, easy or good about doing RONS or trying to figure out your deductibles for your taxes EOY. In-house title companies are probably ok, but for us individual notaries, I don't think it's a career and a whole lot of risk and expense individually.
Example: If you have 10 notarizations x 2 people and charge the client $150.00 + $10.00 for the 2 signers, then you subtract that $52.50 (maximum fee) from it, you are left with $107.50 then you have your monthly fee, equipment and set up, more expensive E&O, your taxes...I don't see where it is profitable for an NSA to be involved with this over a traditional signing and then look forward to having to pay that bill every EOM from that company.
IDK...
As for Refi's everything is down right now. When it does come back, I think the title companies will be doing their own RONs instead of having us go out. It's different this time, technology is replacing us and this economic downturn gives them plenty of time to perfect it. jmo
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