Sign Reserve
Pushing the Mobile Notary, Signing Agent Out of Business – Why Do We Hurt the Ones We Love?
Due to the fact lenders are doing business Nationally, the Mobile Notary Public, Signing Agent (NSA) is often the only live contact with their borrowers. Between ensuring documents are printed correctly, coordinating appointments with the borrowers, driving to a location of the borrower's choosing, carefully performing the closing & returning the professionally executed package, it is amazing that the Notary Signing Agent is often the least paid and most under appreciated part of the loan process. Why do we hurt the ones we should love?
Let's look at the Notary Signing Agent fees for instance. If an NSA is lucky, they are doing a good amount of work for companies that pay fair fees. The unfortunate reality is, most companies today want the NSA to do more for less money and this is pushing them out of business. There are notary signing services out there, and even some title/escrow companies, that are expecting a NSA to perform a closing for around $50. Out of the $50 the NSA must account for, gas, tax and regular expenses. You divide the remaining money by the time it takes between the actual appointment, phone calls, emails, round trip driving, fax back requirements (like many ask today) and the NSA is left with an extremely low net payment.
It is understood that "signing service" companies are middlemen and their fees will be less than working directly with title, escrow or a lender. The problem is that their fees are usually disproportionately low to the notary. We often see $150 to $200+ paid to the signing service, while the payment is only around $50 to the notary. The notary is the one doing 90% of the work and they're getting 1/3 to ¼ of the fee.
In addition to the low base fees, notaries are often asked to take a 50% fee when the borrowers refuse to sign. When a NSA reserves a certain amount of time for a client they need to be paid for that time as long as the no-sign is not the fault of the notary. The NSA cannot get that time back, nor can they schedule any other work during that time, so it is time lost. It should never be the NSAs responsibility to take the financial hit if the borrowers do not sign because they were not fully prepped by the loan officer, there were errors on the docs or if the borrower does not show up. We don't see the lender take back half of the appraisers fee if the loan does not close, so why do they get to disrespect the notary and not pay them for the time they reserved? The notary did nothing wrong but they are the easy scapegoat.
We are not even going to cover other issues that are forcing many NSAs out of business such as chastising them for not accepting an invalid ID or for not backdating docs etc. This constant goading by hiring parties is another "last straw" for the NSA but we will cover those issues in future articles. The bottom line is; it is up to the NSA community to come together and demand fair pay and treatment.
About the Author
Ryan M. Edwards
President Of Notary Advocate, LLC.
Helping The Average Notary Signing Agent Become Great!
Working to enact a suggested minimum Notary Signing Agent fee structure. Check out N'ACT at www.NotaryAdvocate.com Plus - Using my 10 years experience, we help the Mobile Notary, Signing Agent get more work. Fill out one easy form and you will be entered in the top 150 notary search databases. Also, collection assistance, payment protection, forms & resources.
what is good sign up for Active duty or reserve then switch to Active while deployed?
I am National Guard deployed right now and am thinking about that question my ETS is coming up May 09 and i will be in a combat zone in May 08 and beyond which would make switching to Active very lucrative for me( tax free sign bonus) i guess when you sign up for the reserves you would have to know they are going overseas and it would have to be in time frame you could resign, you would have to be lucky for that to work
HR1207 The Federal Reserve Transparency Act of 2009 - Congressman Dr. Ron Paul
 |
 Rare Harley-Davidson Open/Closed Store Sign -no reserve  US $250.00
|
 MODELO NEON BEER SIGN NO RESERVE BRAND NEW IN BOX NR!!! US $.99
|
 Reserve Motorcycle Parking Only, New Aluminum Sign US $9.97
|
 NEW YORK YANKEES RESERVE PARKING SIGN W.S. CHAMPS US $5.95
|
 CASE Western Reserve University medical school sign US $788.00
|
 VERY MINT COND COACH SIGN C HOBO BAG L@@K NO RESERVE US $19.99
|
 VINTAGE 1958 SUNBEAM BREAD ADVERTISING SIGNS NO RESERVE US $9.99
|
 VINTAGE TOY CAST IRON ROAD SIGNS MUST SEE NO RESERVE! US $27.00
|
 VINTAGE HANCOCK OIL PAINTED METAL SIGN NO RESERVE US $51.00
|
 Miller Special Reserve Bar Light,Beer,Lite,Sign,1982 US $29.99
|
 Bud Light Neon Clock Sign NO RESERVE! US $10.12
|
 budweiser millenium neon beer sign NO RESERVE US $66.00
|
 NIB ED HARDY SIGN DEATH OR GLORY COFFEE MUG N-RESERVE US $6.25
|
 Vintage Pennzoil Double-Sided Gas Oil SIGN NO RESERVE US $177.50
|
 UNUSUAL ANTIQUE ROAD SIGN NO RESERVE US $7.55
|
 ICELAND 10 KRONUR Sign 38 P-48 (1981) UNC no reserve ! US $.99
|
 Steel Reserve 211 high gravity metal sign new 15 inches US $1.75
|
 Pheasants Forever Western Reserve Chapter Plaque Sign US $9.99
|
 Vintage Sunoco credit card Sign - No Reserve! US $9.99
|
 RED CROWN GASOLINE 30" PORCELAIN SIGN NO RESERVE!!!! US $40.00
|
 RARE PEPSI COLA MOTION SIGN NO RESERVE US $5.99
|
 Hamm's Beer Sign - Lighted - Great Sign- No Reserve US $26.00
|
 "CAUTION WET FLOOR" Cleaning Safety SIGN NO RESERVE! US $4.99
|
 Vintage Bass Ale Neon Bar Sign No Reserve US $13.49
|
 VINTAGE 1950'S MOXIE SODA COLA SIGN NO RESERVE US $24.99
|
 NIB ED HARDY SIGN DEATH OR GLORY COFFEE MUG N-RESERVE US $6.25
|
 NEW YORK YANKEES RESERVE PARKING SIGN W.S. CHAMPS US $7.95
|
 Notre Dame - 4 Horsemen - Reserve Parking Sign US $10.99
|
 Crown Princess 9"x12" Pink Aluminum Reserve Park Sign US $9.99
|
 1960's Dr Pepper Fountain Light up Sign NO RESERVE US $199.99
|
 VINTAGE MILLER SPECIAL RESERVE LIGHTED BEER SIGN US $99.99
|
 ROGUE SANTAS PRIVATE RESERVE BEER SIGN US $12.00
|
 Wild Horse Wildlife Reserve Poster Sign Wall Clock #397 US $22.00
|
 Miller Light Neon Bar Sign ***no reserve*** US $450.00
|
 FIRE DEPT METAL SIGN L@@K! No Reserve! US $19.95
|
 RESERVE, LOUISIANA City Limit Sign - Aluminum US $10.99
|
 DANGEROUS WHEN WET SIGN NO RESERVE SET OF 2 US $3.00
|
 RESERVE, NEW MEXICO City Limit Sign - Aluminum US $10.99
|
 RESERVE, MONTANA City Limit Sign - Aluminum US $10.99
|
 Philadelphia Phillies Reserve Parking Sign 11"x17" MLB US $10.99
|
 VINTAGE OLD READING PALE RESERVE TIN ADVERTISING SIGN US $150.00
|
 NEW COACH SIGN TURNLOCK WRISTLET F42839 NO RESERVE US $.01
|
 BRAND NEW NFL ST. LOUIS RAMS RESERVE PARKING SIGN US $9.99
|
 I Love RESERVE, NEW MEXICO City Limit Sign - Aluminum US $10.99
|
 I Love RESERVE, MONTANA City Limit Sign - Aluminum US $10.99
|
 I Love RESERVE, LOUISIANA City Limit Sign - Aluminum US $10.99
|
 Reserve Motorcycle Parking Only, New Aluminum Sign US $9.97
|
 NEW YORK YANKEES WORLD SERIES RESERVE SEATING SIGN US $19.99
|
 Collectible Bronze Advertising Signs, Calvert Reserve US $24.95
|
 Henry Weinhard's Private Reserve Beer Wood Framed Sign US $31.99
|
 Vintage style tin sign Van Houtens Cocoa no reserve US $4.00
|
 Samuel Adams Honey Porter Beer Sign No Reserve US $20.00
|
 Vintage Miller Lite Can Beer Sign No Reserve US $20.00
|
 Keystone Lite Beer Sign No Reserve US $20.00
|
 Vintage Budweiser Soccer Beer Sign No Reserve US $20.00
|
 Vintage Miller Lite Beer Sign No Reserve US $20.00
|
 "Serve In The Army Reserve" Norman Rockwell Window Sign US $9.99
|
| Powered by phpBay Pro |
|
|
WE RESERVE THE RIGHT TO REFUSE SERVICE TO ANYONE 10x14 Sign .060 Plastic $8.95 Hi, thanks for clicking! This is one of thousands of signs we have in stock and ready to ship. If you don't see what you are looking for, please email us and let us know what you are looking for. If we have it, we will list it for you. We have signs made of .060" UV Protected Plastic, .040" Aluminum, Vinyl Banners, and Decals for just about every need. This particular sign is the .060" Indoor / Ou... |
|
|
NEW & UNIQUE GIFT IDEA ~ Peace Sign Toaster ~ Hippie Approved ~ Peace & Love ~ Breakfast, Lunch & Dinner $29.99 **PLEASE NOTE** Toasters will start shipping July 15, 2010... We have only 500 coming in first shipment. Preorder now to reserve yours!... |
|
|
DUCK NEST RESERVE ZONE conservation sign $19.95 DUCK NEST RESERVE ZONE SIGN. A BRAND NEW SIGN!! Made of thick (.040in.) aluminum and tough cast vinyl this sign is 12in. wide and 12in. tall. Made to last for years outdoors also makes a great display indoors. Comes with 2 holes pre-punched for easy installation, corners are rounded. Buyer to pay $7.00 shipping anywhere in the USA, others contact seller for exact shipping cost. Personal checks or ... |
|
|
My Family Can Be Forever $19.99 This videocassette contains songs that have been selected from the 200 Outline for Sharing Time and the Children's Sacrament Meeting Presentation and translated into American Sign Language.... |
|
|
To This End Was I Born $3.99 Full Length Version of The Lamb of God.... |
|
|
Fox One-Sided Imprinted T-Shirt - Various Designs Fruit-of-the-Loom "Heavy" or Equivalent... |
|
|
Car Window Sign of U.S. Navy Logo (United States Department of the Navy) $13.99 This High Quality Car Window Sign is printed on 12 pt card stock paper, includes free UV shiny coating on the front and back side, and measures Approximately 5 1/2" x 5 1/2". The window sign comes complete with a suction cup making it ready to attach to your car window.... |
|
|
Car Window Sign of U.S. Air Force Logo (United States Air Force) $13.99 This high quality Car Window Sign is printed on 12 pt card stock paper, includes free UV shiny coating on the front and back side, and measures Approximately 5 1/2" x 5 1/2". The window sign comes complete with a suction cup making it ready to attach to your car window.... |
|
|
Born Under the Sign of Libra: An Autobiography $14.36 Milliken, director of the Cleveland Museum of Art (CMA) from 1930 until 1958, reviews his colorful life including his experiences in New York's social and cultural life during the Mauve Decade while he was on the staff of the Metropolitan Museum of Art through his accomplishment-filled years at CMA during which that institution's stature grew world-wide. He discusses his travels throughout the wor... |
|
|
The Conservation Reserve Program : continuous sign-up for high-priority practices (SuDoc A 1.68:1609) ... |