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Posted by  LKT/CA on 6/23/10 1:15pm
After a 2nd lowball fee offer from the same company, I will save their # and label it "LOWBALL", assign it a "silent ring" so I won't hear my phone ring and it goes to voice mail. This way, the company knows their worthless offer is not worthy of acknowledging or responding to. As I wrote in another post, I don't trust companies whose initial fee offer is far below my fee, then they meet my fee........leads me to believe they'll just short the check down to their lowball fee. Also, because a lowball fee offer goes hand in hand with a pay schedule of net 45+, it isn't worth it to me to work with such companies.
Those taking the pay-to-work fees probably started out with the same business philosophy (or lack thereof) as some who believe notaries should "take all they can get because Joe Blow down the street is turning down the jobs". They probably are wising up and seeing not only are they not profiting, considering the risk, hassle and handholding but they also have to wait 60 - 90 - 120 days to get paid, and now they have 20 invoices they must chase after in hopes of getting paid. That can get old really quick - particularly when one's belly growls and they have other mouths to feed.
I certainly understand why TCs are starting to refuse to use SSs. They are also wising up. They're sick and tired of receiving error-filled, poorly executed loan packages from $50 Notaries that have to be re-signed because the SS is greedy and pays lowball fees so they can keep $150 of the $200 fee the TC is paying them. TCs are also sick and tired of hearing from Notaries who are not being paid by the SS.
Continue standing firm and charging professional fees does have an actual effect. |
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