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vince
Kansas
324 Posts |
 Posted - 08/11/2009 : 12:59:33 PM
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I had an interesting call just a little while ago. The ss had done a pretty good job in checking out where I am in relation to the borrower. He went so far to say, if it was not for the river to be crossed the ride would be a lot shorter - but, due to the bridges, this one is eight miles away. He also said the package size was small, fewer than 75 pages, but probably larger than 50. Then he explained that $60 was adequate to cover the signing services he needed provided.
He may have been correct on the first two statements anyway. I suppose there is less chance for error with a smaller than normal package. So, the chances of being happy with a job well done and the final results on this one may indeed be greater with whoever accepts this assignment.
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Lee-AR
Arkansas
678 Posts |
Posted - 08/11/2009 : 09:03:50 AM
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I don't think actually 'thinking about what they are asking of the notary' will catch on. It's 'work'...easier to make a few phone calls and be done.
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PWinFL
Florida
469 Posts |
Posted - 08/09/2009 : 6:31:07 PM
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Many title companies contract the services of a particular signing service. Many signing services (and title companies that hire signing agents directly) also use some mapping tools to determine mileage. But, as you noticed, zip code to zip code distances are far from accurate. Even door-to-door mapping software, though more accurate, do not account for traffic conditions and speed variations.
I recommend that every signing agent create, maintain and carry with them, a list of zip codes and/or cities they service and appropriate pricing. It's fairly easy to develop one in any spreadsheet application, such as Excel.
I calculate fees per city/town or community. So my reference sheet shows the following columns:
City/Town - Distance - Travel Fee - Signing Fees
where:
-- City/Town is name of the city or town
-- Distance is the average mileage from my office to that area
-- Travel fee is the fee charged for traveling (used to quote fees for general notary work)
-- Signing Fees (4 columns) showing the cost for Single loans w/overnight delivery / Single loans by edocs / Double loans (piggy-back) w/overnight deliver / Double loans by edocs. (The signing fee is inclusive to travel.)
When I'm asked to do a signing (if I'm not told the city, I ask) I quote them the fee from the sheet. I also tell them that the fee is based on an "average" forward package, i.e., standard refi of 100 to 125 pages. Extra fees for purchases and reverses.
So I don't care what they "offer". My fees are my published fees, and provided to signing services, title companies and lenders alike.
Obviously, discounts and extras go with the territory, but all fees should be negotiated and finalized before final acceptance of the assignment.
Never drive any faster than your guardian angel can fly.
I am not an attorney licensed to practice law in the State of Florida,
and I may not give legal advice or accept fees for legal advice.
Visit us online at http://www.PAWnotary.com |
Edited by - PWinFL on 08/10/2009 05:01:42 AM |
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KanDoNotary
Oklahoma
69 Posts |
Posted - 08/09/2009 : 05:49:48 AM
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I've had this question on my mind for some time, and decided I'd just see if any of the SS who wander through here would answer.
Given that more often than not the signing company has no clue as to what the terrain is like in the area where a signing is to take place, what criteria is used to bid on jobs from their title or mortgage company clients? Do the SS have agreements to do certain types of jobs for $X? In other words, are their job quotes based solely on the number of pages in a package? Or how much their own overhead is?
Since they are middle men, I know they need to make a profit for their business and that's why they "offer" the fees they do to notaries. But it seems to me it may be worthwhile for them to at least look beyond the flat map of a destination (and not use zip to zip straight across the map lines) in order to see what the notaries are up against. I know MapQuest has an option to look at an aerial view of the area. If that view is used, oftentimes the potential difficulty of getting to a place is more clear. Is there a lake or hills or airport to go around? What about construction work on the roads? Is the BO's home in farmland? or mountaintop? or in the middle of a city with turnpike fees and/or potential parking issues?
Realizing that distance is not referenced by most SS until I comment that I don't know where an address is, I doubt that few have looked at anything to see even what city the particular signing is occurring in.
All this to say it seems to me that if SS were to have an idea what the notaries might be up against before they bid the jobs to their clients, maybe everyone would be able to enjoy higher and more fair fees.
Have Seal, Kan Travel! |
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