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Originally posted by a1etron

Les from Colorado is dead on with his response I could not have said it better. A word to the "low ball" signing companies. You have to understand that you are dooming your company to failure like many before you, and here is why. This is the scenario, you call a mobile closer on Wednesday to do a closing on Friday at 3:00 all is good you pay $70.00 for the closing with e-docs(at $70.00 with all expenses and my time I am losing money not even making minimum wage). You at the signing company are going about your day on Friday waiting for docs to come in and planning your weekend, the "low ball" closing is set for 3:00. At 1:00 the mobile closer you called gets a call from another company , we have a closing at 3:00 we pay $150.00 they take the closing. Then the mobile closer you "low balled" now will call you with some lame excuse as to why they cannot close your $70.00 closing that you at the signing company are being paid between $150.00 and $450.00 to close. Oh and by the way this is the last Friday of the month with a holiday on Monday that you need to close at 3:00, :) So you at the signing company now have to scramble to find another closer that can close your 185 page file all on legal size paper, with fax backs, in less than 2 hours. I have received these calls so many times from panicked companies looking for some one to close their loan because the other mobile closer dumped the "low ball" file. Pay a fair fee and pay within 30 days and do what you say you are going to do. Build a solid base of reliable and professional mobile closers under your umbrella and your will be very successful. I know I have seen this happen first hand.

Edward Fadden
Orlando Notary
Covering all of Central Florida, Orange-Lake-Seminole-Osceola and Volusia Counties.
407-619-7777
orlandonotary@hotmail.com

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Originally posted by Les_CO

From your post you apparently have little knowledge of this business.
Signing companies do offer a necessary service to those title companies that for one reason or another do not 1/often do interstate business. 2/ have the volume of such business that they can afford to hire a scheduler(s) to make appointments with notaries/borrowers, and keep track of their out-of-office closings. And 3/ those that understand that the service provided to them by the signing company (thereby freeing up the time of their escrow officers) is absolutely FREE!...They do not have to do the closing. They do not have to schedule the signing with the borrower, and the notary, they do not have to follow up. They do not have to track packages. They do not have the accounting/logistic/cost problem of cutting, and mailing out 200 separate checks a month. This is all done for them…at NO COST! The Borrower pays for this service.
And if I may add without the good signing companies that are in operation, many notaries would lose most of their signing business.
If you want to preach, preach against those deadbeats, that do not pay, and those lowball signing companies that offer us low fees that are less than our costs to do the job, and MOST IMPORTATENTLY those ignorant, foolish notaries that accept those low paying jobs, thereby enabling the low paying companies to stay in business, and simultaneously hurt the good fair paying companies that can’t compete with no pay/low pay companies. JMO

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