I just received a call from a signing service to do a loan modification.
I asked the caller to give me the name of the company handling the loan modification, and if I needed to collect any money. The caller gave me the name of the company, and said that I would be collecting a cashiers check.
I told the caller that I can't do it.
That's my criteria: if I have to collect money from the homeowner -- NO.
I do loan modification signings as part of the work that I do as a notary signing agent. I did one a couple of weeks ago. It was through a well-established and reputable title company, and the loan modification agreement was coming from the borrower's lender. There was no money to collect.
But I will decline any request to do a loan modification from a company that stipulates that the borrower has to pay an upfront fee.