is out of control. Wages have gone up substantially to keep up with the pace of inflation ( gas, food, housing costs, etc). In 2015, I earned about $75-$80 ( Old Republic Title comes to mind) for a 12- 14 page package.. In order for me to earn the same inflation adjusted profit in June of 2022, I would need to charge $115 to keep pace with inflation.
I would potentially accept a $115 HELOC assignment with minimal travel.
I had one person PM me that the fees for a HELOC are about $50 with countless notaries willing to take that assignment. I don’t know if that $50 figure is correct. Others, please post your current experience with HELOC fees.
It is probably another journey to the bottom with countless notaries willing to accept sub-standard fees. Inflation is a killer. Perhaps it will finally force $50 notaries to get a legitimate job. |
Messages in this Thread |
| There is an upside to rising interest rates for some. - Mills Mobile Notary Service on 6/24/22 1:22pm |
| ARMs are making a comeback, too, for some. n/m - JanetK_CA on 6/24/22 1:55pm |
| 7 years ago HELOCs paid $80 for a 12-pages. Just curious, - grapebed on 6/24/22 2:53pm |
| Re: 7 years ago HELOCs paid $80 for a 12-pages. Just curious, - Mobile1/PA on 6/25/22 7:39am |
| Break-even is term used in the bond market. Inflation - grapebed on 6/25/22 11:15am |
| Re: 7 years ago HELOCs paid $80 for a 12-pages. Just curious, - Yoli/CA on 6/25/22 12:39pm |
| Re: 7 years ago HELOCs paid $80 for a 12-pages. Just curious, - Mobile1/PA on 6/25/22 2:39pm |
| Re: 7 years ago HELOCs paid $80 for a 12-pages. Just curious, - Yoli/CA on 6/25/22 3:13pm |
| 85% of the time, I won’t drive more than 4 miles one- - grapebed on 6/25/22 4:29pm |
| In addition to the cost of doing business, what really - grapebed on 6/25/22 3:26pm |
| Re: In addition to the cost of doing business, what really - PaigeTurner on 6/26/22 7:56pm |
| Not going to happen. Supply/demand is driving fees down & - MW/VA on 6/25/22 2:55pm |
| Re: 7 years ago HELOCs paid $80 for a 12-pages. Just curious, - PaigeTurner on 6/25/22 5:39pm |
| Re: 7 years ago HELOCs paid $80 for a 12-pages. Just curious, - grapebed on 6/25/22 5:53pm |
| Re: 7 years ago HELOCs paid $80 for a 12-pages. Just curious, - JanetK_CA on 6/26/22 1:56am |
| Re: 7 years ago HELOCs paid $80 for a 12-pages. Just curious, - grapebed on 6/26/22 8:04am |
| Agree Janet - PaigeTurner on 6/26/22 7:37pm |
| Re: There is an upside to rising interest rates for some. - PaigeTurner on 6/26/22 7:32pm |
| Re: There is an upside to rising interest rates for some. - Expeditor on 6/27/22 1:00pm |