Yes, they are still around and offering the same low ball offer. I have done a few for them offer $65, but I had to get that by counter offering the $40 offer
I think that is what is being sent to me. Not sure because they are $30 per signing and the each one is at least 25 mile from me.
1 Like
Who is the signing company?
1 Like
When they ask for thirty dollars I suggest that they send the Mod to the borrower and they can hire their own notary.
6 Likes
Itâs slowing down. Doing this business will tell you exacting where our economy is. I started signing in the very beginning of this profession and I pegged the first collapse. You will learn a lot about what is really happening economically.
Get off that hurting everyone. We are independent business people if I want to do a refi for $5.00 its my business.
2 Likes
Good for you! I would be interested in those as well.
1 Like
I donât think, at this point, things will be a bad as the housing crash. It does indicate a softening market.
1 Like
You go Earl, you and I as well as a lot individuals on this forum are proof positive that ânotary publicâ is not a real job. Public Service, thatâs what it is. And a shout out to all you RONs out there too .
2 Likes
A360 always starts off at $40 for loan mods no matter where itâs located. They never take negotiated bids unless they cannot get anyone else to fill that signing.
The other thing is their mileage calculations of often around 10 miles off (Iâve ended up driving 10 miles extra one-way on a couple occasions).
As a newbie, Iâve taken many of their lowball loan mods just to get my feet wet. Iâm drenched now and just donât even reply, even with a counter offer.
I now refuse to leave my house for under $50 unless its a 2-5 page legal retainer that only requires scanbacks. The closest FedEx is 12 miles from my house so I end up driving the distance to the signer plus an additional 12-20 miles for FedEx dropoff.
I have founb myself in the negative many times. Iâd rather not work than be in the negative.
2 Likes
Great reply, Kelly. There are thousands of highly experienced notaries who refuse to take low fees. I donât speak for the rest of us, but I still lead off my presentation with the settlement statement. How do you all feel when you get to the $250 notary fee line and know youâre only receiving $50? My alpha male side tends to get very angry, and my feminine side is just grateful someone needs me to close the loan. I guess thatâs why only 10% of the signing agents are guys.
1 Like
@KellyNotaryTX 
Hear! Hear!
Very well stated!
It truly makes no sense financially (or otherwise) to be a Business Owner and to operate at a loss . . .
======
During times (like these) with Signing Order [SO] availability diminished thereâs no question that itâs a challenging decision to make; however, itâs illogical to expend efforts & resources providing professional services thatâs COSTING a business owner money.
I used to also get $125 for a local loan mod. Now the typical rate is $75 (wonât do one for less) and I will only do those if they are within a 10 minute drive.
1 Like
Good for you in a perfect world that would be fine.
It means more people are having trouble making their mortgage payments and thus increasing loan modifications signal trouble ahead.
1 Like
@KellyNotaryTX Agree with your assessment.
In my direct experience professionally completing Signing Orders [SOs] for a360/CloseClear/ExpressNotary is that there are regular & recurrent challenges for their organization to dispense remuneration for professional services successfully provided. 
Well, that is WHEN (on rare occasions) they meet an appropriate fee for those services.
Most of the time, their fees are so far below the level of normal fees itâs non-profitable to accept those SOs from them.
Often, their fee ($30) doesnât even cover the expense of gas to drive to the signing location.
Add to that their statement that âpayment is typically issued within 35 days of signing.â
Unfortunately, it requires manual intervention via email requests directly to the âAccounting Departmentâ aensaccounting@ a360inc.com interfacing with âRobert Brinkley, Accountingâ to receive payment.
Keep in mind that Robert usually responds promptly. Iâve always received payment for the services provided for their clients; albeit outside the normal payment window interval.
======
Our Professional Signing Agents [PSAs] out-of-pocket expenses are normally paid out on the date of the SO or placed on a credit card, which typically has a due date within 25+/- calendar days. Waiting approximately 6 weeks (or more) to receive payment results in the PSAs essentially providing an interest-free loan for that interval of time.
Thanks for explaining
As interest rates are dropping refinance is picking way up in my area. I see more business not less.
1 Like
This topic was automatically closed 90 days after the last reply. New replies are no longer allowed.