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vince
Kansas
324 Posts |
 Posted - 08/02/2009 : 10:05:24 AM
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| Items to consider before quoting a flat fee. Some new notaries simply ask: how much are you authorized to pay (I know I did) and then make a decision. Perhaps it’s longer (you might try instead to say - tell me about this assignment), but it may be more appropriate to ask: Who is calling and what company are you from; is this a single refi (most are but not all are and telling you it is a reverse mortgages is sometimes left out of the conversation - not to mention purchases and HELOCS); what is the location of the signing; is it VA or FHA; E-Docs; broker docs included; is this an e-sign (if you are cleared with some companies for e-signs they might assume you charge the same for e-docs compared to e-signs) and are any faxbacks required (if so what's needed). What did I leave out? |
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Minnesota7
Minnesota
23 Posts |
Posted - 08/02/2009 : 07:38:25 AM
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I travel up to 150 miles one way in northern Minnesota. When I got out of town I get $1.00 per mile plus $35 for printing. Works for me as I cover a very large area/few other notaries in the area. Bill
Bill |
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CopperheadVA
Virginia
420 Posts |
Posted - 05/19/2009 : 12:03:05 PM
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I agree with LindaH - when you get called for a job the caller is not interested in the part and parcel of your fees. They want one all-inclusive fee that they can accept, reject, or counter-offer.
When I was new, I created a cheat-sheet for myself with different zip codes and mileage info, with one column for e-docs and one for overnight docs, so I could figure my fee at a glance. I would ask questions to buy myself time such as: Overnight or e-docs? Any faxbacks?
Nowadays you can pretty much assume e-docs on every order. A few companies still do overnight docs but not many. Generally, a fairly standard accepted part of the all-inclusive fee is $25 for e-docs (although some people charge $35 - $50 just for the e-docs printing portion). I will usually take $25 off my fee if the package is overnighted to myself or the borrower.
CopperheadVA
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n/a
California
3 Posts |
Posted - 05/19/2009 : 10:32:48 AM
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Like I said I'm NEW...I dont know wheather there is a different charge or if it should be the same as the regular fee. That's why I'm on here, asking for some advice. I appreciate the feedback and suggestions.
Thanks.
Norma Valenzuela |
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LindaH
Florida
1754 Posts |
Posted - 05/19/2009 : 07:44:05 AM
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quote:
Originally posted by normav49
Hello everyone,
I am new to this business...I was trying to figure out my fee's, can anyone please tell me if the Edoc charge should be cheaper than the regular signing fee? I was told the average is charging $100 to $125 for Edoc's if the signing was local...any other suggestions?
Thanks
Norma Valenzuela
When they say "$100-$125 for edocs" they mean that is the full fee you'll be paid for the entire signing, which includes printing the e-docs - not that fee PLUS a fee to print the docs. If you think you need more per signing to show a profit, then you'll need to adjust that fee. Whether that amount is a decent fee for your local area is something only you can decide.
Hope this helps.
Linda
www.notarydepot.com/notary/lindah
http://www.notary.net/websites/LindaHubbell
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Edited by - LindaH on 05/19/2009 07:52:31 AM |
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Lee-AR
Arkansas
678 Posts |
Posted - 05/19/2009 : 06:36:39 AM
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If I understand your question correctly...
No, edocs are a separate charge in addition to your normal signing fee and travel fee. On the other hand, if you are saying that you would charge $100-$125 just for the edocs, in addition to your normal signing fee--good luck with that.
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n/a
California
3 Posts |
Posted - 05/18/2009 : 5:08:09 PM
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Hello everyone,
I am new to this business...I was trying to figure out my fee's, can anyone please tell me if the Edoc charge should be cheaper than the regular signing fee? I was told the average is charging $100 to $125 for Edoc's if the signing was local...any other suggestions?
Thanks
Norma Valenzuela |
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Edoc's
