Hello, What would be a fair payment for a 20 page Loan Modification. 2signed/notarized copies, with no scan backs. I keep getting these, but they are only offering $30. That just doesn’t seem worth it to me. This is in NC. Any input would be very helpful.
@Bruninotary In my direct experience, the Loan Modification packages will normally take the same amount of Time & Effort as the completion of a Seller’s Package of documents (no less than $100 if nearby).
Of course, fees can (and very often do) vary from state-to-state as well as region-to-region.
MY calculation for this job (here in FL) would be no less than $70 - two notarizations at $10 each, then printing and travel to signers then, depending on signer’s location, travel to FedEx dropoff at authorized shipper (drop boxes not available in my area). - and I would not use Walgreen’s. So, no, $30 does not cut it.
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Most Loan Mods I have done require a scan, some requesting not shipping until the scan is approved. They normally involve two copies of the documents including two executed Deeds of Trust or Mortgage. I have been paid $100 for these but the average is more like $75. The low-ball offers are countered with at minimum $50 and this has been acceptable to most signing companies. One law firm I have been working with has been paying well but the signers sometimes take the packet that was sent to them (identical to the one I have to print) and gone to a UPS and sent them in themselves. They somehow miss the information that says the appointment is FREE to them and they pay their neighbor notary or UPS notary for the service. If they have already shipped in the documents chances are that assignment is cancelled but might come back if not signed correctly. I do not print unless the appointment is confirmed or the requesting service asks me to print and show.