I have been thinking alot about the real estate market and my notary signing agent business. I know many people in my area that have gotten out of it and had to get different jobs. I have turned down many signings in the past week because they only want to pay me $75 which included e-docs. Why is it the signing agent has to reap the loss as the prices of gas, paper, etc. increase. We are one of the most important parts to the loan; as we are the last contact they have before the loan actually happens. We do all the printing, driving, etc. and we are now being asked to cut our cost by $50. My time is more precious than that.
I took time to figure out my wage if I took the job 27 miles from my home for a standard refinance; including all my fees, mileage, and time. I would make less than $12 per hour. How is that fair! I just wish all the other notaries out there agreed with me and we all charged the same! Then, The mortgage companies, title companies, and signing companies would have to pay a certain fee or they couldn't find a notary to do the job.
I can guarantee when you take a job for a lesser amount, you can see on the HUD the signing company or title company isn't taking a hit! It just chaps my hide to hear the same sob story from these companies that are trying to hire me that they can't pay my fee.....
Well, I guess I won't work for them! Or, when they can't find anyone they will call me back. Especially when they realize how good I am!!!
Most dont understand the cost expense of doing business till you are on your own having understand expenses with the cost of gas we have become much more effective on how we work with clients. Have a great week.
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