Last week, a signing came in for 75.00. It’s a seller document, 200 pages plus with a question mark. It’s about a 45-minute ride from home, but with traffic, it could take another half to get. I did not accept it.
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I wish there was a way to adequately address this issue. There is not, other than personal commitment to only accept assignments that meet our fee standards. I’m not certain things are going to “shake out” the way that many of us are holding out and hoping for.
I received a package two weeks ago that had SEVENTEEN (17) pages of instructions and “common errors” to avoid. I was so focused on trying to look for every listed possible mistake in the document, I forgot to type my certificate expiration date on one page. When I received notice I had an error on that signing, I couldn’t believe it. I went back to look for the page on the scanned documents and, sure enough, there was the glaring omission! I started laughing out loud at the absurdity of it all. Even with 17 pages of instructions, explanations and examples, I had made a single glaring error. I had three assignments from that company for the month and thus had been informed that my error rate was 33%, and another month with such poor performance would place me on suspension from receiving assignments for three months. A title company I have worked with for years with great success as a preferred notary. And yet, here I was among the pool of unacceptable undesirables with an exceedingly poor performance rate. And they were not wrong – the numbers did not work in my favor. What are you going to do?!
I think we all need to chill a bit on this issue. The only remedy is to stake out your turf and hold firm, knowing that many assignments will pass you by. Let those who are willing to accept those fees you find unacceptable live in peace and try to make it on volume. And those who find it an unsustainable living should perhaps look for greener pastures. We need to agree to disagree and stop beating this horse. Rigormortis has already set in!
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Of the companies that send out error stats, the biggest cause of errors is notaries failing to complete acknowledgments and jurats correctly. A notary who fails to notarized correctly. Too many new people in this field. I worked for a title company in my former life and those kind of errors would doom a notary from any further chances at business.
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I just did a heloc for $260 direct client/ tipped well too…I feel most people get into this industry looking for assignments rather than finding the assignments … I’m busy and love gnw pays very well!
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