Hello Anonymous,
We're a signing company made up primarily of sigining agents. We came from the field full time and can relate to the $50.00 conundrum. Once we became too big to personally handle our book of business we outsourced to fellow notaries. To our dismay, we were forced to pay $50.00 for some of our larger accounts. They are higher volume accounts that we only charge a little more than we pay out. However, we do have some other accounts that pay more, which we are able to pass on to the notary. Currently we do not have enough business from those types of accounts.
Our $50.00 loans are generally helocs with very little in the way of stamping. It sounds like you were being asked to do an incredible amount of work for the same $50.00. As a notary, I would have also charged them more than $50.00, and as a signing company would have gladly paid you more for this effort. There is a time and place for $50.00 signings, just not in this case.
Sincerely,
Michael |
