Yes I see these offers being gobbled up by the bottom feeders. What are they thinking? If you take a $10 cut this month on your fee, guess what’s coming next month! Hold your ground, write letters to the signing companies, and complain to the title companies. I’m no longer negotiating with these guys, “They do not set our fee’s” We are independent and if they want to hire us, we set our fee’s. Tell them no thank you, and ask to be removed from their list. This will take time, but the message will get out. Here’s my email from this morning:
I have seen a trend with the signing companies to offer appointments at a lower fee. It’s disturbing, instead of working to develope a relationship, they have gone to seeking bottom feeders.
Notaries typically invest 2.5 to 3 hours per signing, maybe more depending on the size of the package, and distance traveled (or sometimes faxbacks). We are required yearly to incur the cost of liability insurance in addition to classes, bonds, equipment cost, supplies, gas and milage. Then we have the liabilities. How does that compare to the requirements on a signing company? Title companies typically pay you $150 to $200 for your services, so I would say yes, we are entitled to more that the current offer. The position of signing companies to negatively effect our industry is unacceptable.
I can not support this type of business practice, please remove me from your list of available notaries.