Problem is they can't snag the good-paying offers, so they take the lower jobs to keep working and keep them in business. We have 2 categories: The ones who made it and the ones who didn't.
The $75.00 closings do not affect me because I don't do them or would work for those companies even if they offered a higher fee.
Unfortunately, we all don't start at the top of the pay scales, so the bottom feeder notaries take these wages for thinking it will give them experience and climb the ladder to higher job offers, and this is what they are told to do.
Yes, it will when you do about 1000 of these and gain experience the better companies are out there and with experience you neeed to rise above now.
As long as XYZ keeps exploding newbies into our industry, the $75.00 closings will remain and they will keep those companies in business making a fortune off their backs.
It really should never affect us who have been at this over 5 years and we all can do the math about profit and loss and better not to do it. Unfortunately, we are not in the newbie shoes in 2020, so they have no choice. They can't go out and get direct work with 10 closings under their belt, that's the reality, and they have no other means of gaining expereince. It's not the same for them as when we started. |
