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Posted by Luckydog on 6/9/18 3:16pm
"Working directly for Escrow Officers was first brought to my attention by our dear friend Cheryl and I didn't understand what she was talking about. I researched it and that is not how it works here in my state. 99% of the local Escrow Officers order title through local title companies and the loan is closed by a title company employee at the title company. Mobile notaries are typically not used for these transactions, and they have no desire to hire a mobile notary. Everything is kept in-house by title company employees."
This was from a previous thread and brought to my attention of what else has been added to this thread. I 100% agree with her. ALL transactions are conducted through a title company here in FL. Sure, a LO or Escrow Officer can request or ask for a certain someone, but not a given that the title company calls us, looks us up or gives us the closing; they use their notaries on their SS's preferred list. Most local Title Companies both in central and south FL have their own "in house" on payroll title agents who close their own local lender loans, but when not local, they use their SS on account, who in turn calls on us for out of state lenders, who we close at their office or elsewhere, even at the lender's office. A prime example of this is "Home Buyers" sales...I always close these in a Title Office, called upon by my SS.
This running to a Escrow officer or lender to drum up business is practically a mute point here. Sure, they can request who they like to work with, and that in turn will perhaps be passed to the Title Company or SS, but never do we get that direct call.
Thus charging $175.00 for direct work really isn't the case...we are still called upon by a 2nd party or the title company, but really hard to justify that extra $75.00. If we do close at a title company, it's usually not their direct loan, they close their own.
So in CA, you can by pass a title company and work directly for a lender? Does the lender provide you a package, or do you show up there and is printed? Really just lost and confused how many of you command so much more money...you have to be by passing the title company, no? Does the lender then pay you?
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