When signing agents accept a request to do a closing from a company they never heard of, one of the first things they do is check the message boards to see if they can find any information on the company. They want to read what other signing agents have to say about the company. Does it pay in a timely manner? Does it pay -- at all? Etc.
What if there isn't any information?
There's a saying: 'No news is good news.' Well, in this business, no news isn't always good news. But it isn't necessarily bad either.
That is the position I take with unknown companies. In the absence of any knowledge about a company, I would take the closing assignment.
'You can't judge a book by its cover.'
On this same subject, I read a comment on a message board from someone who said that, if the company has a website that is 'Under Construction', that is not a good sign.
I don't know about that. I once did a closing for a title company whose web site was still under construction. Not only did they pay me in a timely manner, they paid me three times my normal fee. So one has to be careful about forming impressions. I would probably be more concerned about a company that had no website at all.
We do have to be careful in this business. Just not too careful.
Good luck.
P.S. Companies are taking a chance on us too. So it works both ways.
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