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627 Posts

Posted - 08/01/2017 :  04:09:47 AM  Show Profile  Reply with Quote
I think they are worth doing, but do price them higher than a standard refi. because of what Judi said...BIG packages and generally quite a bit more table time. You can cut that down some by telling them to have COPIES of the 'list of docs needed' ready for you. They usually already have the list, but, unless reminded, rarely have the copies ready & waiting. Also most RM outfits want a lot of the docs faxed/scanned back...so ASK and factor that into your fee.

One other plus with these: If application progresses to final, you usually get that job also. Which is basically a repeat of everything you did for the Appl...just with notarizations added.

Also, (and I do find this practice to be waning) some companies don't want to pay you for the Appl. until the Final is completed, so ask about that, too. I always asked & they agreed to pay before Final.

If you don't value your time and experience, nobody else will.
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34 Posts

Posted - 07/30/2017 :  03:46:15 AM  Show Profile  Reply with Quote
RMs are a large packages. An application will usually involve collecting a lot of personal information to return with the docs. Its wise to factor in extra time for signers to find those items. As your time is money, price accordingly. No extra training, but careful study of the package before heading out is strongly suggested.

Judi Kidd
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1 Posts

Posted - 07/28/2017 :  1:15:30 PM  Show Profile  Reply with Quote
Does anyone have any information on doing reverse mortgages? Any special training for this? Is it worth doing a signing? I keep getting requests for either a reverse mortgage application or closing.

Vicki Rice
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