Last Minute Loan Signing? Don't Work Cheap!

[juanfernandez562]

I’ve been a Notary Signing Agent for a long time and I want to share some advice especially for new Signing Agents.

Sometimes signing companies call us at the last minute when they need a notary fast the same day but they still want to pay the normal fee like it’s just a regular job.

When someone locks in a loan rate or has a deadline and If a notary can’t be found in time to sign the docs the whole loan could be late or even canceled. That can cost the lender thousands of dollars.

Now think about the signing company. When they find a notary fast and get the job done on time they show the lender they can handle busy times and tough situations. This helps them keep the lender’s business which is very important for their own success.

Here’s the truth these signing companies make money by meeting tight deadlines but they still try to pay notaries the usual low fee for rush jobs. Don’t let them take advantage of you. Your time, skill and quick work save a lot of money and keep important deals moving.

Many notaries say yes to these rush jobs without asking for more money. A rush signing should always come with a rush fee usually $100 to $250 depending on how urgent it is. That’s fair for the extra work and pressure.

Our stamp is powerful. It’s not just ink it helps close big deals. Remember what you bring to the signing table

[steves11]

They offer the usual fee for rush jobs because they know that someone will probably grab it. These kinds of jobs definitely put the notary under pressure, especially if there are scanbacks involved, the docs have to ship same-day, and the appointment time isn’t until late in the afternoon. Even Houdini wouldn’t be comfortable with that. Yet, I see it time and again, and I’m certain that many, if not most, of these types of jobs are snapped up by newbies who don’t know that it’s their opportunity to ask for more money than the typical offer fee.

[cNsa5]

@juanfernandez562

new Signing Agents . . . these signing companies make money by meeting tight deadlines but they still try to pay notaries the usual low fee for rush jobs. Don’t let them take advantage of you. Your time, skill and quick work save a lot of money and keep important deals moving.

@juanfernandez562 Concur percent! Thank You for sharing your insights & guidance.

Your post will be supportive & helpful to nearly all Notary Cafe members.

You’ve echoed/mirrored the guidance I express on an ongoing basis.

.

NOTE: For those who are new to this business sector & haven’t yet created their own individualized Schedule of Fees, please Review this thread.

[cfletcher]

I totally agree with #juanfernandez562. Those same-day loan signings orders are a chance to make some extra $$$, not to rip anyone off. I’ve built a good rep with companies, so they call me when they need someone. I’m not cheap, just fair.