Yes it really bad the SS and title companies have no right to make a profit to over overhead and pay wages to employees
But is it okay for the signing service to make more money out of a signing than the notary who is doing all of the work? It’s okay (in my opinion) for the SS to take 25% off the top, but some of them take 150%. For what? Sending out a text blast?
You didn’t read my post, think what you want to it cost to run a business.
That’s fine. Then the rates should be high enough for everyone to profit from it. I did read your post and could see the sarcasm in it. That still doesn’t change anything.
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I wasn’t being sarcastic I was being real. Well ok then tell the home buyer to pay a higher costing cost.
It’s not my job to do that. It’s the lender’s.
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Have a great day Steve nice talking .
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You will find that whenever the market slows down the Signing Services offer less. I had one tell me that they offer less if the area is saturated with SA’s, which makes no sense to me. The job is the same and should require a certain fee whether there are 5 SA’s to choose from or 500.
This is why I keep saying we need some regulation in this profession.
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I’m in Northern Nevada and the rates we get are all over the board. I always counter if under $100.00. Just not worth the gas, paper and my time. I might loose a few, but it just doesn’t make business sense for me for less.
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@Amy_Boyd, While there are existing regulations within our profession and the broader industry, the fundamental problem that persists is the dynamic within a free marketplace. In such an environment, where both buyers and sellers possess the autonomy to make their own choices, it is unfortunately observed that many notaries and signing agents are not adequately advocating for themselves or effectively demanding the compensation that truly reflects their inherent worth and the value they provide. Historical precedent demonstrates that government regulations often fail to represent the interests of the average citizen, as lobbying efforts consistently prioritize the agendas of large corporations and “big business” interests, thereby influencing the direction of governmental regulations. To address this, I have personally implemented a strategic approach to my business operations. This involves carefully evaluating and selecting only those assignments that demonstrably align with my established fee schedule and my personal professional standards. Although this method may result in declining a larger proportion of potential assignments compared to others in the field, this deliberate selection process ultimately enables me to receive fair and appropriate compensation. Furthermore, it ensures that my services and expertise are accurately valued, reflecting the true contribution I bring to every task I undertake. Funny thing, I actually make more money by taking this position, obtaining lager fees and incurring less in costs operation.
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You are correct! And after building my reputation and expertise in this business I am working smarter not harder. Amazingly, this makes me more money and less stress.
Thank you for your input.
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I totally agree with you, there’s a signing service in my area that consistently offers $65 for a seller signing and When I counter they acknowledge my offer but I never get the job. I am glad that I don’t depend on signings to live because at the price of gasoline and everything else is going up, I would be paying them to take those jobs.
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It’s the law of supply and demand. Signing Agents got paid higher fees when Covid was rampant and some signing agents stayed on the sidelines. When Covid was no longer an issue and interest rates went higher, the fees dropped. We’re still sort of in that phase.
Signing services take too big of a percentage of the notary fee. The NSA is always at a disadvantage for not being able to determine the amount being split by the signigg service. A referrale should never be more than half of the fee paid by the signers.
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Yes, I know exactly what you mean. Our expenses keep rising, and our pay stays stagnant. It’s easy for some people to say “quote them YOUR fee”, but that doesn’t help you if there are tons of notaries who will do it at THEIR fee.
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It means someone’s getting it but they could have countered also. And they might have received the offer before you did. That one offer might go out to hundreds of notaries in your area, but in tiers – not all at the same time.
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Three years of carrying water for some of the worst offenders in this business, face it you’re not getting work because you’re skilled you’re getting work because you’re willing to operate your business at a loss. I’m absolutely certain that most of the readers in this form need every dollar they can get for the essential work that they’re doing and if I could make one person aware that they’re leaving money on the table by not speaking up then I’ve done a service for everyone.
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Everyone carries on about how they are business people they run their business for themselves but are so shocked that signing services do thatas well.
Quote a fee you are happy with and don’t worry about what someone else is making.
I don’t think it’s quite as simple as that. I’d modify that statement to “Quote a fee that you can live with and don’t worry about what someone else is making”. What you’re “happy” with and what’s realistic could be two entirely different things.