*I always ask for an additional $20 when it exceeds over 150 copies…*sometimes they accept other times negotiate a lesser fee…up to you to accept. Now 263 copies is excessive but some lenders it seems are increasing the size of their loan packages if you can ask at the time the order is presented that would be super often times it isn’t until the file is sent…
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@lindas12 I’m aware … why I said I know no one here uses….
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The primary concern here isn’t necessarily the sheer volume of pages in a signing package, but rather the financial arrangements to cover our printing service. Some companies allocate a print fee of $15. Mortgage connect sent out a HELOC paying $55, page count 135 and required scanback. It is evident that certain companies are exploiting the limited knowledge and experience of some loan signing agents operating within this field as business owners.
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Yet another notary expense. A pack of 12 will get you 6 signings (assuming you use a clip for both the original and borrower copy).
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I don’t do paperwork that large very often at all. But I keep inventory on several sizes of clips. It’s just my preference.
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Your not even providing what they first offered you? or what you negotiated?
My fee would be $200-250.
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I never use binder clips. In 5 years I think I have used them twice 
I only do If I absolutely have to : the package is huge or its requested by the SS/Title/Lender, those puppies are expensive I don’t want to give mine up they’re rose gold colored lol
What do you use to keep the papers together?
Most of the documents I am working with have to be shipped via Fed Ex or UPS, so I just use the shipping envelope. If I deliver to a Title co directly I use a Manilla Envelope, I write the clients name and File number on it. I dont like documents out in the open. I want them protected with the envelopes.
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Yesterday I picked up a Reverse that turned out to be 266 pages. My largest since I started 4 years ago. I didn’t complain because it was at twice my usual fee. The worst part though is that they were an elderly couple and didn’t have a table to sit at. I ended up having to pass each page around on a clipboard. I think the extra hour doing that bothered me more than the page count.
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846 pages recently for a business loan, with a second set of that 846 for the signer. The checking of the signed pages afterwards took as much time as a couple of simple signings. Have had some other residential packages at 278 with every page initialed. Had co-signing parents on one that had 4 sets of initials on each of the 278 pages.
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Wow. You win. LOL That’s huge
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263 pages sounds like a typical Texas Refi.
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Phew. Last one I did was a 96 page hybrid.
You can make more money on easier and smaller jobs.
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Printing privately, for me (black, laserjet) costs about 0.03 a page (excluding electricity, which I’d need a meter in the printer to determine). So that package would cost me about $16 bucks to print two copies. Printing at FedEx for about a buck page includes all their overhead, rent, staff, utilities, industrial printers and toner, etc. The comparison os tenuous at best
The real investment here is time. Printing takes time, verifying and collating, marking pages that need to be signed and the ones that have to be notorized, thats the real issue. What’s your time worth? What’s you per mile cost compared to what you’re charging? What’s your continuing education, commission and bonding/insurance costs?
Many notaries overlook all of these costs when pricing/bidding. The number of SM posts I see about what should I charge for x. When you ask “what are your average daily costs” they have no idea. How can you be profitable if you don’t know what your actual costs are?
I ask for an address and page count, calculate my time, mileage and printing costs and then make an offer. Everyone should be doing the same. If they dont tell you, I assume 350 pages (two copies, average 175 pages) with the caveat that if the page count exceeds that, there is an additional fee. Some will reassign and thats OK. We all need to know our worth
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I did one job where I had to print 1 500 page package which was simply a courier job to deliver to the court house, so no signing. I didn’t mind that at all honestly.
Everything I see a signing for a reverse mortgage I pass on it, as I would expect those packets to be huge.
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Large packages garner a higher fee. $12 print fee is NOT ENOUGH .i find those double large packages as described previously, should be $100 .more minimum ..you wind up spending the timexw signers. .i gauge at least $50 per hour snd more for my fees
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Rubber bands in fedex cardboard envelopes inside the poly envelopes and the ship. Or ups depending on what labels the give me.
I like the cardboard envelppes to keep the package together..more then one if necessary and i label them. Also tell the recipient what to expect.
They love me
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