| ability of perform a suervice of value. The reason that notaries are of such low value is because of the perceived value and also because there are notaries out there who don't have any idea of the value of their services. Appraisers charge what they charge because if you don't have an appraisal you don't have a loan. Loan originators charge what they charge because without the loan originator you have no loan. Title companies charge what they charge because without a title company you have no loan. Notaries charge what they charge because there are other notaries who have no idea what their servic is worth and will work for less. I hire notaries and I can get whatever I want for fees. I happen to be concerned that notaries get a reasonabled fee for their work and so I pay a reasonable fee, Signing Services have no such problems: whatever the notary doesn't charge goes into their pockets. Notaries have become a commodity because the cost of entry is low and there are a lot of hobbyists who have no idea of their costs. Unless notaries take control of the signing process they will always be a commodity and commodities are always cheap because the only difference in commodities is price. When did you price the cost of beans last! |
