Loan Modifications

[kthompson.plomc]

I’m in Fort Lauderdale, Florida, and I have seen signings coming across for $40 for Loan Modifications, which I have refused, or counter-offered. When I counter offer for $65-$70, I don’t get them. Question? Isn’t that low even for Loan Mods? What do you think guys?

[cNsa5]

@kthompson.plomc Thank You for your previous positive feedback. You may already know about the Notary Café database Search function, but just in case . . .

As a fellow business owner , I’d like to offer an opportunity to further enhance your business acumen & skill set (speaking proverbially ) by “teaching you how to fish;” instead of giving you a fish . . .

Searching the Notary Café database for the answer (that’s more than likely already present) prior to creating a new thread or post is being considerate, thoughtful, & respectful of other members. Saves everyone time & prevents consternation.

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You can run a Search (upper right/magnifying glass) as it will usually be quicker than waiting for someone to reply.

Here are the results I found for you by typing “loan modification fees” in the Search field. I reviewed all the threads that appeared in the results and reduced the list down to just these that will be most helpful to you & your query:

Question on fees from a newbie

I would join a Union in a heartbeat. It is not something that is forced on you, it is something you join if you feel it benefits your business. If you are not a person that likes a Union then you just don’t join. I personally feel we need one. Also, let’s just be honest, fees are low because people are accepting them. If no one accepted them they would have no choice but to go higher. You can’t blame the title companies for offering low fees when notaries will take it. Afterall, they are in bus…

NSA Fees to accept

I signed up on Signing Trac. I received a signing requests for a loan modification for $40

Loan Modification

My fee is $125. I may do 3-4 jobs per day but it is better than doing 7-8 to get the same cash. Anyone asking you to print documents, drive, enter a strangers house, review and risk your stamp on a job, etc for $30 is not working with. Anyone who does has there own agenda but it would be de-valuing our profession.

Low balling fees

Jennifer, are you asking what you should charge for loan modifications? Honestly I have never done a loan modification, however I generally don’t leave my house for less than $100. IF things are super slow and the package is small (less than 40 pages) and the signing is close by (less than a 15 minute drive) and I KNOW the company pays quickly (30 days or less) I MIGHT do a seller or other small package signing for $85. But that doesn’t happen often. I don’t work a lot with signing companies, I…

Wishing you the best.

[JohnM-FL]

Your counter offer is still TOO LOW. That price will lose you money

[kendra]

I do these when needed. I always get them at $60 with no push back. I tell them with travel & gas prices $60 is fair. The more you do - the more they will ask you.