Interesting phone call w/Mortgage Connect yesterday

Notary Experiences
1

Yesterday afternoon while on the road. coming back from an IPEN for Amrock ($200), I receive a call from Mortgage Connect. They need a notary for a HELOC signing same day, Spanish-speaking and scan backs. Signing was originally scheduled for 3:30pm – I received call at 2:34pm and inform caller 3:30 was not happening. I have another Amrock IPEN at 5:00 signing so theirs would have to be at around 7:00 and my fee is $200 and I would need docs immediately. She informs me she can only assign a fee of up to $150, anything else needs approval. Tell her to call me back if she gets approval.

Never did hear back. But, that’s okay. Now we know they’ll pay $150 for a HELOC. :grin:

3 Likes
2

Good to know–even if they have to be desperate AND, probably most important–need a Spanish speaker.

3

In Texas the Notary as to shell out $50-75 to cover the cost of using a law office* to close a HELOC. Not enough profit for me to accept.

*This is a Texas requirement.

1 Like
4

@yolicue :tada::clap: Thank you for sharing & caring.

This business entity (like a few others) usually has baseline fees too low to accept & normally doesn’t approve counter-fees when proffered . . .

:swan:

5

They offered $150 in St Louis MO they only offer $40-80 for anything it’s ridiculous I can’t stand mortgage connect

6

I always counter mortgage connect. Some lenders pay the counter right away because they know me. They pay great so I think it’s worthwhile to counter.

7

1st of all, you must be in a remote area that you can command $200 for an ipen and second…why would you brag about it linda

8

I don’t see it as bragging. It’s just letting people who accept this co’s first extremely low offer that countering with an acceptable-to-you (for various reasons) does work.

9

Exactly Arichter! Not bragging. Just letting other NSAs know that better fees are accessible/available. This is my business. I set my fees. When a hiring entity calls, I ask the pertinent questions regarding the scope of work required for the file and give them my quote accordingly. Think of it this way: You take your car to an auto repair shop for new brakes. They tell you what the amount/price is to replace your brakes. They’re providing the expertise, the labor and the parts.

10

This topic was automatically closed 90 days after the last reply. New replies are no longer allowed.