"These companies have negotiated low fees with their clients to get the work, but then keep most of fee for themslves and try to get notaries to work for peanuts. As you know, some of them never pay up, or deduct partial fees if you make one misstep."
This is EXACTLY right! They don't think we know that, either, apparently. They are the ones that undercut other singing agencies to get the jobs and then in order to make a profit for "themselves" they keeps well over half the fee they get. Yes, in many cases, they do... and don't them them tell you otherwise. I know of one SS that swore up and down they "only* got $125 for a job and could only pay me $100. I wanted $165. They refused.
5 hours later, I get a call from a TC and they said that they were desperate to find somebody because the signing service that bid on the job turned it back after not being able to find a notary. You know what? Turns out the address and borrower name were the same. Inside, you know I'm laughing. SO, I say, sure... how's $165? The TC said, "Are you kidding? We'll pay you what we were going to pay the signing service... $225.
$225. I later told the TO that the SS approached me about the assignment earlier in the day and what transpired. She was livid. Of course, now if they have anything in my area... guess who gets the call first instead of a signing service?
So, now, when those signing services start spewing those lines about "that's all we're getting" and such.... I just don't believe them. A lot of loan officers and title companies have said that some signing services skim 30-60% of the fee for themselves, some even more than that. |
| Messages in this Thread |
|  Surviving Signings, Not working for Low Ball, No Pay Co's -  101livescan on 10/20/12 8:33am |
|  Where's the "Like" button n/m - Linda Juenger on 10/20/12 8:55am |
| Re: Surviving Signings, Not working for Low Ball, No Pay Co's - Brenda/FL on 10/20/12 9:06am |
| Re: Surviving Signings, Not working for Low Ball, No Pay Co's - HSH/WA on 10/20/12 9:09am |
|  Re: Surviving Signings, Not working for Low Ball, No Pay Co's - 101livescan on 10/20/12 9:26am |
| I, personally, only do work for 4 and 5 star companies. n/m - 1Notary1 on 10/20/12 9:59am |
| Me too, 1Notary1 n/m - LKT/CA on 10/20/12 10:03am |
|  Re: Me too, 1Notary1 - 101livescan on 10/20/12 7:35pm |
| Five Star Post. Like!!!! n/m - bfnotary on 10/20/12 1:35pm |
| I added this to #33325 - great advice, 101!!!! n/m - BrendaTx on 10/20/12 1:51pm |
| Re: Surviving Signings, Not working for Low Ball, No Pay Co's - Clem/CA on 10/20/12 2:14pm |
| Re: Surviving Signings, Not working for Low Ball, No Pay Co's - NVLSlady/VA on 10/20/12 3:02pm |
| Re: Surviving Signings, Not working for Low Ball, No Pay Co's - JanetK_CA on 10/20/12 3:44pm |
| Re: Surviving Signings, Not working for Low Ball, No Pay Co's - JanetK_CA on 10/20/12 4:00pm |
| Re: Surviving Signings, Not working for Low Ball, No Pay Co's - ikando on 10/20/12 4:33pm |
 | Re: Surviving Signings, Not working for Low Ball, No Pay Co's - Marian_in_CA on 10/20/12 6:05pm |
| Re: Surviving Signings, Not working for Low Ball, No Pay Co's - 101livescan on 10/20/12 6:43pm |
| Re: Surviving Signings, Not working for Low Ball, No Pay Co's - Neil L. Kleeger on 8/13/13 12:29pm |
