Have you ever received an order for a purchase closing expecting to just be signing the buyer and then shown up to see the seller there as well as the lender?
The package was 250 pages and took 2.5 hours to get through it. Plus 1 hour drive time and another 1 hour between driving to fedex and scanning docs. Did you ever have a surprise like this?
I worked for a title company and am a 40 year real estate broker. It used to be typical in our area to have buyer, seller, and both agents, and sometimes the lender at a closing. Most of the time it was fine. Often lots of small talk and sometimes conflicts. I even know of police being called. During covid, it became more common for only one party and sometimes the agent.
So, not odd.just remember sometimes its like herding cats!
@scotkingnotary Not fun being surprised like that. Because it does take longer and = and also because I would have needed to print ANOTHER set loan documents for the seller to keep for their records. Your hiring company should have been more clear when they contacted you. Was it a signing service or were you hired directly by the lender?
This happened to me when I first started. To help avoid this, I try to nail it down on the first contact. And when I receive my signing agent confirmation sheets, I make sure the rate I quoted them is reflected correctly and I look at where it specifies “Docs to be drawn” and “Required to attend”. If I see the buyers AND the sellers’ names listed, then I know this is a dual buyer/seller signing and I would contact my hiring co to adjust the fee if this had not already been made clear when they contacted me for a quote. (example attached)
It is much harder to get fee adjustments approved after the fact. My hiring company approves my adjusted fee and sends an updated assignment sheet, I print the loan documents and proceed as normal. If not, then that ends it for me with no wasted printing and they find another signing agent.
Often see this usually when i’m closing at a satellite lender/title office. “Well the seller was in the area so we’re going to close it all at once”, I’ve let it slide a few times as either I’m busy enough and knew I’d not get a chance to go back and bill them for service. But I have a standard invoice saved on my email for additional closing costs and usally get those covered- I had one signing company come back and advise I agreed to the fee for page count- correct, but not for additional signers, and explained the delays incurred due to the discrepancy.
But a 250 package is standard for some of my lenders I work with, so that could be a typical refi unfortunately.