Bloated Refinance Packages

@takenotenotaryservices :white_check_mark: Yes, absolutely! :white_check_mark:

Accepting Low-Ball Fees can generate a speedy downward spiral toward business failure . . . :prohibited:

Many Professional Signing Agents [PSAs] regularly receive the proffered Signing Orders [SOs] blasted out multiple times daily for $30 or $40 increasing $5 at a time from businesses like Mortgage Connect, CloseClear/Express Notary/At360, etc.

  • The PSA business owner is fully cognizant that these SOs will not reimburse them for their gasoline, toner, & paper. Certainly, there will be nothing left over to reimburse cell phone invoices, certifications, background checks, Federal & State Income Taxes (when applicable), etc., etc., etc.

The newest tack by CloseClear/Express Notary/At360 is that if you’ve extended a counteroffer via the APP, they’ll have their AI system contact you via phone & AI will refuse your counteroffer & then suggest a $5 increase over their blasted Low-Ball Fee.


Who wants to negotiate with a computer for a Low-Ball Fee that is increased by a mere $5 & that still won’t reimburse the Out-of-Pocket expenses?

Many are now simply hanging up when they hear it’s AI calling . . .


NOTE: If you need assistance with the determination of your Fees, Review this thread: Guideline for Creating Your Schedule of Fees.


:swan:

1 Like