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vince
Kansas
324 Posts |
 Posted - 10/23/2009 : 09:47:14 AM
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quote:
Originally posted by CopperheadVA
Some companies will not pay that much and they will keep dialing to find a notary that will do the job for what they are willing to pay. I have found that the lower paying jobs tend to be more PITA work and also seem to be th most difficult to collect on.
CopperheadVA
Isn't that the truth. Determine your own minimum and the circumstances that you'll allow the use of that minimum, but do not be afraid to ask what you believe an assignment is worth. If you are too far apart, just say so. |
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CopperheadVA
Virginia
420 Posts |
Posted - 10/23/2009 : 09:26:03 AM
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Many mobile notary loan signers get anywhere from $100 - $150 for each job from various companies. Of course each job is different, such as how far to travel, how large is the package, are faxbacks required, etc.
Some companies will not pay that much and they will keep dialing to find a notary that will do the job for what they are willing to pay. I have found that the lower paying jobs tend to be more PITA work and also seem to be the most difficult to collect on.
CopperheadVA
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Edited by - CopperheadVA on 10/23/2009 09:57:29 AM |
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n/a
Tennessee
1 Posts |
Posted - 10/23/2009 : 09:18:44 AM
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I get calls all the time from ND with thier standard offers of $60 for a closing w/ Edocs and $40 without. Most times I don't take the jobs unless it's really, really close to home and I'm not really busy. I've noticed a lot of comments here about what a low amount of pay this is from ND. Just out of curiosity, what do most of the people here earn for doing a closing for other companies.
Thanks
Chuck |
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micheler96
California
43 Posts |
Posted - 10/20/2009 : 3:09:46 PM
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Thank God for everyone's input here. Wow, I'm glad I didn't sign up w/ this ND  . Wow, they are something else aren't they. Let's see how much does it cost me to be in business? I get paid a minimum of $80 +. I will not work for less. I'm very good @ my job & I've been in the biz since 2002. I work hard to make a signing a great experience for borrowers, but w/ companies like ND & others out there, they are trying to cut costs. What I have found is, I don't get paid on time. Charge what you are worth & do a damn good job.
Michele Ryan |
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Lee-AR
Arkansas
678 Posts |
Posted - 05/21/2009 : 11:35:48 AM
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The 'really decent' money days are over, that's for sure and choices are simple:
Figure out expenses & what you need for a profit and FIRMLY PLANT or get out of the business/go broke (not necessarily in that order).
Of course, you could also keep your fees as high as they were years ago and keep picking up your phone to see if it's working. Do I like it? No. Do I turn down a lot? Yes.
What does just kill me is that I was doing this before edocs existed and when that started, they just doubled WHATEVER your fee was (including travel) if you'd do edocs. They could obviously afford it then...so why not now? That's a rhetorical question. The answer is: because they don't HAVE to as there are sooo many willing to accept pennies.
And, to answer previous poster's question: The Schedulers are multiple; ditto Lenders. Same ones you're doing. Difference is the ability to say No and mean it. Do I get them all? No. Just the profitable ones.
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jankopetro
California
7 Posts |
Posted - 05/20/2009 : 6:36:42 PM
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I am astounded by what I am seeing on this board as to what signing agents are accepting in fees. This has brought this industry down, down, down. I've been doing this eight years and when I started I was getting $75-$100 for overtnighted docs from an SS with about 75 pages and $150-$200 from a title company. I realize the market is different but this just sickens me to see what people are willing to accept. Are you really making a profit? I know Lee has been doing this for quite a few years, so he must be but really, do you people ever figure your bottom line or is this just a hobby? 
JanKo |
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n/a
Oregon
2 Posts |
Posted - 05/20/2009 : 1:05:50 PM
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quote:
Originally posted by Lee-AR
The least I've been paid by ND is $70 o/n docs, 1 block away.
The most is $155. No faxbacks ever. Go figure.
Now that is interesting.
Can I ask who your scheduler is? How often do they call you? ... and which lenders they assign you that are willing to pay a fair fee. The reason that I ask is that I know ND was doing a ton of business in this area( Portland OR) If I can learn how you are able to actually get a fair price I will gladly do business with them . |
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Lee-AR
Arkansas
678 Posts |
Posted - 05/19/2009 : 10:46:39 PM
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The least I've been paid by ND is $70 o/n docs, 1 block away.
The most is $155. No faxbacks ever. Go figure.
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12042
Texas
5 Posts |
Posted - 05/19/2009 : 10:10:59 PM
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Update one of my staff took a call a few weeks ago from Nations Direct. They offered to pay us $40 (please try to contain your laughing or swearing whichever one it is), they said they mapquested it from our office and the drive was like 50 miles ONE WAY and print out was 280 pages. :o
My scheduler about laughed herself to death with them. After she told me I was like the scary thing is newbie notaries or desperate notaries who need money and have zero to very little loan signing experience are taking these $40-$60 signing gigs.
I can see $65-$75 for a loan signing within 30 miles or less radius and under 125 pages.
Times are a changing people, it's getting ugly in this notary business like the rest of the economy and real estate industry as a whole. :(
Mobile Austin Notary
www.mobileaustinnotary.com
http://activerain.com/blogs/pecs29
"The Nicest Notaries & Process Servers in Texas, That Go To You 24/7!"
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gjk-fl
Florida
151 Posts |
Posted - 05/04/2009 : 07:13:37 AM
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Greg,
What your last line says is a blessing to you. I chuckled at them when they quoted what they were willing to pay me to go do a signing with edocs. What do they think we are, chopped liver? We are skilled professionals who deserve to be treated with respect. Without us out here in the "field" they wouldn't be in business. I was not disrespectable to them, but did chuckle and professionally declined the job.
gjk |
Edited by - gjk-fl on 05/04/2009 07:14:47 AM |
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n/a
Oregon
2 Posts |
Posted - 05/02/2009 : 12:10:49 PM
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quote:
Originally posted by raquel Towarnicki
Is Nations Direct a reputable company to work for???
raquel t.
Very important.
If you decide to do a signing for Nations Direct get verification of your agreed fee by email in writing before you do the work.
When I first became a notary, and didnt know any better, I did a lot of business with Nations Direct. Two or three signings a day for about 6 months. They are honest but they pay the absolute minimum... $40.00 for docs to borrowers ... and sometimes only $30.00 for certain lenders... and $60.00 for eDocs. Fax backs on every loan required. They pay once a month. It takes two months to get your first check. They assign a person to help newbies, like I was at the time. That person checks the required fax backs and tells the notary if the docs are good to go or not. After I gained experience I learned that I could do the same work with other signing companies for twice the pay and without the constant hassle of fax backs.
They are very hard nosed around money. They have a take it or leave it attitude. They only flex on price when they are desperate to find a notary, but they will never tell you that... and will try to con you into thinking that they are not desperate in order to pay as low a fee as possible.
They work a high volume high pressure system. Their managers are required to meet quotas and profit goals. That is their only priority.( I learned this by holding my ground a few times on last minute one hour notice Saturday signings that I refused to do for less than twice their normal fee schedule)
I got into an argument once when they pulled a long distance signing from me, without letting me know, and gave it to another notary because that notary was willing to do it for less.I had rearranged my schedule several times because of last minute delays on this particular signing. I finally was able to talk to the woman that managed scheduling for the entire operation. My regular scheduler knew how I was being treated and didnt want to get caught in the middle so she kicked it upstairs. The manager was abrupt and couldnt care less about any previous agreements with the scheduling department. She said that Nations Direct did business with 15,000 notaries nation wide and at least that many signings per year... so there are a lot of notaries willing to put up with the low fees and baggage that goes with it. Notaries by nature are independent and are not centrally organized. Companies like Nations Direct know that and take full advantage. They found the bottom line and work it hard.
I told that manager at that time that I wished her and the other 14,999 my very best but that the treatment I was receiving was not warranted based on my previous service to them. I knew I was doing a good job and deserved better than that.
I never heard form them again after that conversation.
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LadyK
Illinois
10 Posts |
Posted - 05/01/2009 : 6:12:46 PM
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Nations Direct is reputable but their pay is very low. They do, however, have quite a bit of work.
Nowadays, I'll only do a closing for ND if it's close to home and things are a little slow or I need a little extra cash. Although ND is the first signing service I've ever worked for, too many other companies have been paying me considerably more. You gotta go for what you know! |
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n/a
Pennsylvania
3 Posts |
Posted - 04/07/2009 : 4:57:27 PM
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| "Just Say NO" to Nations Direct. I feel it is an insult to be offered $60.00 for Edocs and print out a 120 package and then have to fax back 20 pages afterwards. We all should know that this is well below the standard fees and we should not be so desparate to accept these rate. If we stand up to them, maybe they will increase there rates! |
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Conniek
Oregon
78 Posts |
Posted - 03/22/2009 : 8:38:03 PM
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Did 5 signings from 06-07. Got a nice fee and did take a bit but keep up the call for payment...sorry that is the pain in the Notary's rear but you can ask to be put on the HUD or say, "you need to collect upfront from the borrower," if you cannot trust the SS.  Have had no calls since then. |
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12042
Texas
5 Posts |
Posted - 02/17/2009 : 11:37:23 PM
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Here's how I think you deal with Nations Direct.
Pretend your a cook working with a overbearing and control freak head chef in a 4-star kitchen like you see in reality shows, that's Nations Direct in a nutshell. If you can't handle the heat, you should get out of the kitchen as they say! :D
Next it depends on how good you are at selling yourself and company to them. Why? Because they will always offer you $60 upfront! No typo, $60 loan signing fee and usually 150-300 pages need to be printed out on top of that. :O
We've actually received $125 for a signing before that will be paid next week I believe, so it's possible to get more then $60 from Nations. Just depends on what rep you deal with and how fast they need it done.
Also they confirm in writing via email what they will pay you for each signing, which I love. Because if a company does not pay you, then you have hard evidence if you have to sue or take a company to collections.
Nations Direct also pays slow kind of as well. But they really don't, just depends on when you do the loan signing for them. There very clear on they pay the last week of the following month for every notary you do in that month.
For example most of the signings we did for them were in the first week of each month, so we had to wait SEVEN WEEKS to get paid that following end of the month. But if you do a signing the last week of a month, you get paid like clockwork in just 30 days. Make sense?
www.mobileaustinnotary.com
http://activerain.com/blogs/pecs29
"The Nicest Notaries & Process Servers in Texas, That Go To You 24/7!"
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Edited by - 12042 on 03/14/2009 05:12:37 AM |
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n/a
Texas
1 Posts |
Posted - 01/19/2009 : 5:02:28 PM
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| They called me twice today to do a closing with edocs for them. Wanted to pay $60.00!!!! for all.....Impossible! The answer was 'NO'! Je |
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raquel Towarnicki
Florida
23 Posts |
Posted - 12/22/2008 : 6:41:08 PM
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That is true, they do explain a lot of things to do, and they have only one page to notarize for a low fee, it will be for the end of December so I will think it over..... and let them know.
Thank you
Raquel
raquel t. |
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LindaH
Florida
1754 Posts |
Posted - 12/22/2008 : 6:37:36 PM
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I've never worked for them but other posters have said they pay very low but they pay like clockwork. Lots of handholding (call when you get this, call when you print, call when you get there, call when you leave)..etc., etc...and lots of faxbacks - all for a very very low fee.
They've never met my fee so I've never done a signing for them.
Linda
www.notarydepot.com/notary/lindah
http://www.notary.net/websites/LindaHubbell
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raquel Towarnicki
Florida
23 Posts |
Posted - 12/22/2008 : 6:19:14 PM
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Is Nations Direct a reputable company to work for???
raquel t. |
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Topic |
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Dear Signing Agents,
Nations Direct
Be the first person to vote!