>>>.....without payment for my services I become a full-fledged charity. I prefer to donate to needy people, not people who own, are refinancing, or buying real estate.<<<
>>>The idea that any notary should do business they are not getting paid for because a borrower might lose a rate lock is preposterous. Lenders are at the top. We are at the bottom. <<<
You said it even better this time, Brenda.
My background is in lending. Therefore, I know that the responsibility for making sure the borrowers sign before their rate lock expires does not lie with the Notary, it lies with the LO, lender, and TC.
Furthermore, I know that the rate lock can be extended, but the LO will have to take a hit for it (will have to take a cut in his commission).
None of us should not be made to feel guilty, over people we do not even know, for not jumping and doing a signing for "any old fee" because the borrowers might lose their rate lock. It is beyond ridiculous. |
