Direct business fees

So I have been marketing myself like crazy and have started to get direct business offers. I have been asked by all three of them for fee charts and I am having a hard time coming up with this. Can anyone shed some light to this for me please? As of now I have written down,

Refinance- $175
Full Purchase- $200
Reverse Mortgage- $225
HELOC- $150
Scans- additional $15

I was given one direct business signing so far and she offered me $190 for a refinance that is 15 minutes away and I do not need to fed ex or scan anything. She even offered to grab the signed copies from me but I told her I dont mind dropping them off in the office. That is where I am kind of basing my prices off of right now but I could be entirely off so please help a newbie out! :slight_smile:

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IMO a refinance and a purchase loan are about the same so I’d keep the fee the same; what you omitted was the Seller side only (unless that’s what you mean by ā€œFull Purchaseā€ - in which case an additional $25 doesn’t come close to covering that fee)

I’m not sure where you live but those are some pretty hefty fees. I wish you luck in getting those - I’d never get them where I am.

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It’s really helpful to know what the norm is in your area. Here are a range of fees in Vegas (from my experience):
In house signing: $65-$75
Mobile seller: $125-$150
Mobile buyer/refi: $150-$175

Never be afraid to ask the escrow officer what they usually/normally charge, they should tell you. I was trained that $150 is the norm for in-office but that’s not true for my state.

Good luck! Hope this helps!

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Congratulations on getting direct business! It’s so tough, right? I’ve got 4 marketing books I’m reading as we speak. @acartiernotary basically said it all. From a TN standpoint, your fees seem higher than average. But, if you can negotiate well and convince them to pay you more then go. for. it!! Good Job on 190.

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They already agreed to $190, so I think they look just fine as is.

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FWIW: I just received an offer of $175 from an SS. No, they don’t generally offer this much in their first offer. And, yes, it is a last minute emergency which I am not taking. My point is: they can pay much more than they ever offer and anyone who doesn’t counter every ā€˜first offer’ is… gonna go broke.

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Thank you all for your help and comments! I really appreciate it

Welcome Tessaf94! Good for you. Stay the course and do good work. My only advise is what I was advised by another prominate player in this field…just be flexible.

There may be times when they give you your exact asking fee, maybe add to it based on distance or ask you to take it for a bit less.

Best wishes!

Super if you can get these high fees…here in Vegas… vendors are only willing to pay $85 for a refi…very sad.

Any suggestions how to get them to pay more.

I think some TCs are taking advantage of the ā€˜training’ SnapDocs has provided newer notaries in that they ā€˜offer’ fees similar to what an SS would offer, when the fact is decent TCs can & DO offer considerably more because they don’t have to pay an SS, too. Don’t allow that!

What marketing books are you reading? Can you share?

Marketing Made Simple by Donald Miller and Traction: A Startup Guide To Getting Customers by Gabriel Weinberg.