That has been my point all along. They can pay more, but don’t have to because some (fool/math-challenged/newb/for-the-experience/get-foot-in-door) person will accept. We see 'em here too much.
Would you prefer I say doormat, pushover, people-pleaser, low self esteem, submissive, ignorant, unknowing, hype-believers, employEE mindset, foolish, unwise, desperate?
ALL I’m trying to do is get my fellow notaries to understand they are providing an ESSENTIAL SERVICE that out-of-area Lenders not only want, but couldn’t exist without and that we deserve to be appropriately compensated. As it now stands, WE are the ones paying (by too low fees offered) when Title utilizes a platform (or worse–an SS for added cost factor who then adds cost of platform) for a very low/job fee and can eliminate a salaried-with-benefits Scheduler or not waste the time/salary of a very high paid in-office actual Settlement Agent who pulls ALL the parts together.
Yep. They can and will pay. Just had a 1 document signing offered at $125. Reality is, with today’s average interest rate and mo. payment, they’ve made what they pay us back with only a portion of the interest they collected from the B’s very first of 360 mo. payments. I’m not saying there is a correlation between these 2 things, but I am saying they most assured can pay considerably more than we’re seeing as of late. And also adding, 25 years ago, this was pretty average/normal.
I am not living in the past. Nor am I buying into working for nearly free or, at best, less than minimum wage–which is what most of the platforms initially offer. (Honest injun: When I run the numbers thru my self-created ‘QuikQuote’ spreadsheet… their initial low offers work out to being right around actual costs–or less!)
It just makes me very sad when notaries don’t realize this IS a professional service business in which you must provide knowledge, dependability, accountability, materials, transportation, lots of equipment, pay your bills, taxes, mandated expenses (BGC, E&O etc.) --and too many are willing to do it for minimum wage or less. That you are still doing this must mean you’ve figured it out.
What I’m always trying to do is raise the bar. “A rising tide lifts all boats”