Lo-baller Loan Pro Closing reduces notary fees

[pinpic]

Lo-baller Loan Pro Closing reduces notary fees, from $70.00 to now offering $50.00 with scan backs and two sets of printed copies. Has this signing service lost its mind, have they not heard that inflation is out of control; or do they think notaries are not affected by the high cost of living? I remember when I 1st started as a NSA the lo-ballers were $100.00.

[Arichter]

Not going to change until everyone says NO.

[pinpic]

I know just had to let out steam and outrage that these signing services keep offering lower and lower fees to hard-working notaries.

[yujelus]

I stopped taking their offers when I saw they only pay ever 60 days. I run a net 30 business and I have to get more than $100.

[mag3_notary]

@Arichter

Not going to change until everyone says NO.

Or, the only people left filling those “low ball” orders are greenhorns that keep screwing up and making them do extra work or try to hire experienced notaries to get the job done right.

[cNsa5]

@pinpic

Has this signing service lost its mind, have they not heard that inflation is out of control; or do they think notaries are not affected by the high cost of living?

@pinpic Great Questions! By all appearances, Loan Pro Closing [LPC] believes all those pressures have impacted them, but no one else . . . why else would they dramatically cut the fees to the professionals with direct out-of-pocket expenses who work with their clients?

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There are many additional threads about this business entity, which does make interesting reading. These will be of assistance to us when making the decision to Accept or Reject their Signing Orders [SOs].

WARNING: Loan Pro Closings

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I agree!!! I’ve been waiting for Loan Pro Closings to pay me since May! I’ve emailed the accounting department 3 times and the scheduler 2 times and called and left messages but NO response. I also feel that we were getting paid the same amount during COVID as we do now and we were risking out health and maybe even out lives to go out and do those closing! AND why haven’t they increased our fees? EVERYTHING else has gone up 100 fold, but not our notary fees. What can we do about that? I guess a…

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Ahh! What a crazy day. I’ll try to keep it short: I got my first signing this morning, it was a low price but only two documents that needed to be notarized so I took it for the practice. The signing service was Loan Pro Closings The signing service was incredibly non responsive so I took to contacting the title company. The docs were dated for the incorrect day so they had to redraw and send back. I didn’t hear from anyone for multiple hours, until I called the title company and they said the…

[jennifer.shaffor]

It seems to be the trend again with a lot of companies. There are notaries taking these jobs though which is why they continue to do it. I know for sure that one local to me is and its getting frustrating.

[notaryjen81]

I agree I decline or counter lowball fees.

[lmcloser]

upsetting! The cost of paper, ink, gas has all risen and yet they think we should work for less. I would bet the farm they have not taken a pay cut. They hire people that will work for this low fee and then send out emails saying mistakes are too high. Well, that is on them. Maybe if they paid experienced people… I won’t work that cheap.