I got this letter from a place called Loan Signing Solutions. I know, that name doesn’t exactly give me the warm fuzzies. At first I thought of Loan Signing Systems a total different company..
Anyway, the company started out with an approach of, “One of our valued escrow officer clients,” so, good, right? Then they made a bunch of promises, even saying at the end, “At Loan Signing Solutions, we prioritize notaries like you, ensuring a seamless experience from administrative hassles.” So, great, right? Not so fast.
The catch is, the company is charging a registration fee and an onboarding fee:
- One-time Setup Fee: $50
- Annual Renewal Fee: $25
I found a disclaimer on the company’s website: “Please note that due to the nature of our services, as well as the time and costs incurred for processing and verification through third-party screening services, onboarding fees are non-refundable."
Have any of you guys joined Loan Signing Solutions? If so, what has your experience been? Honestly, in my ten years as a loan signing agent, I haven’t had to pay anything to receive loan signing orders. Plus, all the signing services are “middlemen”, they all take a cut of the signing fees. Of course this is a pass for me. I am just curious and wanted to see if anyone has used this company.