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esnotary
California
125 Posts |
 Posted - 03/10/2015 : 1:41:24 PM
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I am back and forth on the issue. Most companies will pay 10-15$ if it is an investment property and the whole package needs to be faxed back. Funding depends on the Lender. If it is a signing company that I have never worked for before and they want to QC my work, I tell them they can pay me extra or find another notary willing to work for free. I have been doing this for over 10 years. Servicelink is now doing a lot of loans for PNC Mortgage, and they require fax backs. Whenever they (or LSI) calls for a signing, I ask who the lender is and tell them my fee is 10$ over what they have on file for me. They say they wont pay for fax backs, but I just tell them my fee has increased and so far I haven't had any issues! I try to take the extra time with the attitude that some closings take 30 mins and I'm getting paid top dollar, so it all comes out in the wash.
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BigLar
Minnesota
15 Posts |
Posted - 03/09/2015 : 07:23:42 AM
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Sore subject, I know. But how are you handling requests for faxbacks from Signing Companies? When receiving a call for a closing, the first question I ask is "are there faxbacks"? If so, unless they're willing to pay me an additional $20, I refuse the assignment. Many companies won't pay extra (Service Link, etc.).
So what's really behind the faxback issue?
-Can they actually fund from faxed documents, critical and non-critical?
- What do you consider a "reasonable" faxback package? I recently had to fax over 40 pages
- Do you, like me, prefer to scan and email? I find that while it takes a few extra minutes to do, I am in better control of the documents.
- Is there a reasonable up-charge for faxbacks?
And anything else you can add.
Just wondering. I don't need the practice, as one of my notary friends says, so what's the group's thinking on the topic.
Larry
Northfield, MN
Laurence |
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Faxbacks!!
