Low Fees & Effects

[JanaDrury]

I am experiencing an increase of fees being decrease. Are these Title Companies & Signing Services not aware that the coast of supplies has increased greatly in the past 14 months. My case of paper was $ 34.00. The last order in February was $ 52.00. The paper sources are now the same price. The toner was $ 189.00 in April 2024. I ordered toner last week. Same toner is now $ 229.00. Nevermid the cost of gasoline. Are they driving all of us out of business?? I have noticed that if you said no 3 times, they will no longer contact you. I have worked for some of these companies for 20 years & you become a name in the pile. Very sad to see this happening.

[cajunnotary]

Yes unfortunately we are all dispensable. The expenses are getting higher and signing fee is getting lower.

-Christyn
www.cajunnotary. com

[johnsonps306]

You have to hold the line on your fees. I’m consistent with what I charge and most everything is a counter offer. March has been much busier than February I’ve exceeded February numbers with 10 more days to go so while I am as frustrated as everyone I’m seeing more work this month.

[cNsa5]

@JanaDrury You’re Spot-On with your direct experience observations.

As a fellow business owner/Professional Signing Agent [PSA], I can share that it’s truly critical to regularly monitor the out-of-pocket expenses with the Fee Schedule you’ve created for your region.

You may have already seen the Guideline I created to be of assistance with this task:

IMPORTANT => Guideline for Creating Your List of Fees

Here is a guideline for those new to this business sector that is quite helpful to create an individualized List of Fees for professional services provided in our industry . . . ===>>> UPDATE The 2025 IRS mileage rate is => $0.70 cents/mile It would be in your best interest to jot down all of the expenses associated with performing the services you provide within your service region to determine a baseline operating cost. Then, at that point, you can calculate the fees that will generate a net…

YOUR QUERIES:

• Are these Title Companies & Signing Services not aware that the coast of supplies has increased greatly in the past 14 months.

Yes, they’re aware, but unfortunately some PSAs are accepting the Low-Ball fees even though it’s COSTING THEM MONEY to provide their PSA services

• Are they driving all of us out of business?? I have noticed that if you said no 3 times, they will no longer contact you.

For all intents & purposes, from a sweeping generalization standpoint, they’re chasing the profit margin. If some will accept Low-ball fees, better for their Profit & Loss [P&L] sheet. Those accepting the Low-Ball fees apparently provide a sufficient group to serve the existing client base in the region for them to chose to no longer reach out for Signing Orders [SOs].

• You become a name in the pile. Very sad to see this happening.

Concur percent with your assessment.

We must all continue to ensure that the actual out-of-pocket expenses are included in the Fee we charge for our PSA services along with compensation for the time & expertise we contribute to providing those professional services. Monitoring the Return On Investment [ROI] will ensure an ongoing thriving business.