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Renee
Michigan
549 Posts |
 Posted - 04/15/2007 : 6:55:13 PM
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I don't care who signs my checks, as long as the amount is reasonable. By holding my fees at a profitable, professional level that's in line with my market area, it has had the EFFECT of limiting most of the clients to title agencies. Still, I do work for some SS that I have absolutely nothing but praise for.
When I began doing this, I did have a couple things working in my favor - one, I had heavy-duty experience and two, I knew what title agents were paying for mobile closings throughout the state. (I knew because I'd been doing the Huds for years, with 600 MI T/A's and nearly 1,000 mtg brokers.) Therefore, I set my fees accordingly.
That's really been my only criteria in selecting my clients - if they meet my fee, I'm all their's (barring any of those notorious for not paying, of course). In the beginning, not knowing what I know now, I became a member of the NNA/NSA - and was overwhelmed with lowball offers. I'm no longer a member - and RARELY do I even get those calls anymore.
Interestingly, I honestly do not have any of the problems you read about all day long on these boards - particulary with getting paid. I really do believe it all plays off the fees - lower your fees, and you start playing ball with a different level of clients, and all the ensueing problems they bring.
I'd like to add that when I am hired by a SS, my fee is the same, and I'm happy with my profit level. Some title companies will not direct-hire, and it's their corp. policy - so be it. I'm still getting my same fee, and if that SS is making money on it I'm happy for them. In those instances - I would not GET the job, were it not for the SS. There is a lot more to their job than just "making a phone call", and that's WHY some title agents have that corp. policy. Perhaps the largest benefit a title agent has in using a SS is being able to escape the headaches that go along with using NSA's. Unfortunately, our field is just so ripe with those who do not perform with any degree of integrity or professionalism. If a title agent could pick up a phone and schedule a closing with a reasonable assumption that they'd get what they're paying for - there would be few SS's. |
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macdeux
California
79 Posts |
Posted - 04/15/2007 : 04:17:17 AM
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As much as I would love to do this, I find that most of my work comes from SS. Those out there who work *just* for escrow/title/mortgage -- how did you come about being able to refuse the SS and still make it in this business? I'm not being flip, it's a serious question. Did you develop a list of title/escrow/mortgage with each signing? Did you actively market yourself to them? Were you in the industry before so had a prior working relationship.
I don't think any of us like the fact that anyone is making more money off a signing than us -- especially since we're doing the work -- but sharing the secrets of the trade would help many.
quote:
Originally posted by phyllisL
please everyone needs to work independently, the HUD lists the notary fees from $200 to $300. so why arent you invoicing your signings at that price? I do...Signing services are paying you $100. and keeping up to $200. for themselves, just for calling you? you did the work. Refuse signing services and work independently, you will put a stop to signing services paying so little. Thats my opinion.
phyllis
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phyllisL
California
13 Posts |
Posted - 04/06/2007 : 11:34:12 AM
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please everyone needs to work independently, the HUD lists the notary fees from $200 to $300. so why arent you invoicing your signings at that price? I do...Signing services are paying you $100. and keeping up to $200. for themselves, just for calling you? you did the work. Refuse signing services and work independently, you will put a stop to signing services paying so little. Thats my opinion.
phyllis |
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Ms.Notary
California
8 Posts |
Posted - 01/30/2007 : 4:40:22 PM
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quote:
Originally posted by Starz
I am new to this profession. Actually, waiting on my commission. While waiting I have been in the forums learning the “ins and outs” from each of you. I am especially concentrating on the issue of the bad companies. Why? Because LindaH is 100% correct. We have to stop accepting assignments from companies that don’t pay. I am prepared to state exactly what she quoted, “I’m sorry, I can’t work for you…”, and then state why.
I also agree with kcg that WE, as a united group, have to stick to our guns and demand to be compensated for our valuable time and expense.
But, I would like each of your opinions: Would it be disrespectful to YOU, fellow colleagues, if a newby accepted assignments at a low pay to gain experience. Would you feel it would hurt our campaign of forcing the companies to amend their payment practices?
[/quote
I do understand that you need to start somewhere, as I am fairly new myself, but YOU CANNOT EXCEPT low paying jobs!! At first it will be hard turning down what will seem like alot of jobs, but in the long run you will make more money, and earn a better clientele if you hold out for the better, higher paying jobs!!! As I have commented before, I have pasted what I told another notary, and included a scenario. Good luck with your business, your starting off with the right foot, by reading forums to educate yourself. I hope I was able to help you make your decision. Take care, my other comment is pasted below.
We notaries, as everyone says need to stick together!!! Not only does this mean don't work for BAD, NON Paying companies, this also includes our FEES!!! I am not saying you cannot charge what you want, I am saying there should be a cap on the amount!!! When you charge CHEAP fees, it affects EVERYONE!! Than these companies do not want to pay the appropriate amount because of notaries doing $50.00 jobs! Just like minimum wage, there is a set amount, and everyone gets a raise at some point. Well not us if your accepting jobs for $50.00!!! I cannot stress this enough, you will not receive more work in the long run, what your doing is DEMOTING everyone!!! Please reconsider you fees!!!
EX:
Who do you think employers of any kind would rather hire?! Someone they have to pay minimum wage(or higher), or someone that is willing to work for less than minimum wage. Cheap labor, my fellow notaries keep this in mind when you get offered $40.00 & $50.00 jobs!!! Your cutting your self short!! You CAN find work else where!! Good Luck!
~Ms. Notary |
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n/a
Oklahoma
4 Posts |
Posted - 01/25/2007 : 01:39:48 AM
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I am new to this profession. Actually, waiting on my commission. While waiting I have been in the forums learning the “ins and outs” from each of you. I am especially concentrating on the issue of the bad companies. Why? Because LindaH is 100% correct. We have to stop accepting assignments from companies that don’t pay. I am prepared to state exactly what she quoted, “I’m sorry, I can’t work for you…”, and then state why.
I also agree with kcg that WE, as a united group, have to stick to our guns and demand to be compensated for our valuable time and expense.
But, I would like each of your opinions: Would it be disrespectful to YOU, fellow colleagues, if a newby accepted assignments at a low pay to gain experience. Would you feel it would hurt our campaign of forcing the companies to amend their payment practices? |
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LindaH
Florida
1754 Posts |
Posted - 12/17/2006 : 11:17:03 PM
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Same premise can apply to "no-pay" companies - if enough notaries stop accepting assignments from those companies that don't pay - "I'm sorry, I can't work for you...you historically don't pay your notaries and I can't work for free" - then maybe they'll eventually get the message or run out of notaries to call and they'll have to amend their payment practices.
Linda |
Edited by - LindaH on 12/17/2006 11:17:39 PM |
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kcg
Indiana
33 Posts |
Posted - 12/17/2006 : 10:43:10 PM
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| The only thing I can see that we can do is to REFUSE low pay. If enough signing agents stick to their guns and get a minimum of $100 per signing the signing companies will be forced to pay more. As for no pay, well that's another barrel of monkeys! |
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tgonsor
Arizona
36 Posts |
Posted - 12/07/2006 : 10:26:09 PM
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Is there anything we can do about it? Maybe we can all come up with some solutions. I am willing to be responsible and start some implementation. I just need some help on brainstorming. Is anyone up for it?
Arizona Notary Signing Agent
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Is anyone sick of the no pay or low pay?
