I negotiate it with each company when I take the assignment. I always ask before taking Edoc assignment who is the lender and how many pages; many times scheduler doesn't know, but if I've done a signing with that lender before I know.
Also, I quote a total fee for paper package or Edocs. The company can break it out any which way it wants. The last one I had the company wanted to know why Edocs fee was so high. I told scheduler it wasn't the cost of paper, equipment and time, it was for the aggrevation factor - late Edocs, incomplete, problems at scanners end, etc. Company met my fee stating "there won't be any problems with this package." Document package was small and on-time. Too bad when I raced to the signing it turned out to be "wrong." Processor hadn't make the "new" mortgage broker changes. Loan a different amount and settlement statement didn't include all the costs. Found out at the signing table when docs had to be re-drawn for another day. Edocs have a high rate of fast, sloppy, and incomplete factors. |
