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requesting payment from borrower

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T O P I C R E V I E W
12059	Posted - 04/30/2009 : 01:56:15 AM So how many notaries are requesting payment for borrower(s) in a loan signing instead of waiting for payment from the signing company? How do borrowers respond to such a request? Is there resistance from the signing companies? Can loan signing companies prohibit notaries from demanding payment from the borrower instead of from the loan signing company??? Makes sense to do things this way and it's kind of like - C.O.D. - cash on delivery.
4 L A T E S T R E P L I E S (Newest First)
CopperheadVA	Posted - 04/30/2009 : 10:36:31 AM Well then, give it a try and see how it works out. Let us know what happens. CopperheadVA
12059	Posted - 04/30/2009 : 09:42:17 AM I'm pretty sure I've red on this forum that a notary requests payment from borrowers instead of the singing company (to avoid the possibility of non-payment). I'm sure that notary informs the signing company ahead of time so as to avoid double payment.
CopperheadVA	Posted - 04/30/2009 : 03:44:24 AM Renee is right - you should never ask the borrower to pay you when the TC or SS has hired you. If you do that, you can kiss any repeat business goodbye. I rarely have payment issues because I'm choosy who I work for. I do my research on a company when they call me for the first time. Most companies, I am already aware when they call me whether I will accept work from them or not, just because I read this and the other major notary forum and keep myself aware of which companies to steer clear of. However I will turn the job back to them if I find out, after initially accepting, that a company has a history of payment issues. CopperheadVA
Renee	Posted - 04/30/2009 : 02:47:53 AM I suspect you might be misunderstanding that situation - nobody is (that I have ever read or seen) asking a borrower for payment UNLESS the borrower is the one who personally solicited the services. You can't ask a borrower to pay you when the title agent or a signing service has contracted your services, UNLESS they TELL you they have advised or arranged for the borrower to pay you directly. What would you do if your fees were incorporated into one of the fees on the Hud? If you did somehow manage to get the borrower to pay you, then he'll be paying TWICE. Can signing services prohibit you from "demanding" payment from someone who didn't contract with you and who IS NOT your client? I'm thinking surely this is a good way to end a career, and possibly attract some interest from someone's attorney.