It is a fallacy to relate only the size of the document package to the signing agent's fee. That's only one factor, and most often not the major one.
I live in a city with the nation's most congested expressway. I cover five counties. The drive time to an assignment often substantially exceeds the signing time. Further, I invest a good amount of office time in a closing: faxing a report memo to the signing service, a report letter to the title company, setting up, updating and closing a file, getting the package to the courier. All of that takes time, and it is time that I know in advance I will have to expend. My fee takes that into account. I normally don't even know the size of the document package within 30-50 pages when I take a closing.
So, when someone tells me there are only a few stampings, it essentially is irrelevant to what I charge. The exception is when I get into two loans; in such cases, someone is getting paid for seeing that two loans get executed, and as the one overseeing the execution, I want a share of that. |
