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16 Posts

Posted - 02/19/2011 :  5:45:56 PM  Show Profile  Visit kathyvan95's Homepage  Reply with Quote
No, actually they do like me a lot. They pay me double that for most jobs that only take me 45 min to an hour. It's a good idea to do a cost analysis. Thank you for that. This job was not email docs. So I was at their house only 45 minutes and it was only 16 miles one way. I just think at least in California where we have back ground checks, 6 hour classes to renew our licenses and state exams, (no open book) and the cost of our renewal fees, insurance, bonds, etc., that something could be done to increase notary fees. I am not sure of how the other states are with renewals and how the exams are given. Thanks for your reply.

Kathleen V. Anderson
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1729 Posts

Posted - 02/19/2011 :  3:03:25 PM  Show Profile  Reply with Quote
Increasing your "per signature" fee isn't going to help - you, in CA, already get paid higher for notarizations than anyone in the country. Problem here now is they know what you'll work for...they've got "your number"...

How about doing a cost analysis of your business, accounting for all expenses incurred in the performance of your signing agent duties then come up with a fee that adequately compensates you for the work you do. Then once you set your fee, stick to it - I don't care how much you like the company - at $75 for a loan signing I'd say they don't like YOU very much - or they don't have that much respect for your and your expertise. Unless the package was really small and you were in and out in 15-20 minutes, short distance traveled, no faxbacks...

You won't get paid per signature for a loan signing but you CAN come up with a solid fee that will take it all into account.

P.S. By the way - there was only ONE notary in the package - possibly 18 *notarizations* or *signatures* but only one NOTARY - you...:)



Edited by - LindaH on 02/19/2011 3:07:02 PM
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16 Posts

Posted - 02/19/2011 :  2:40:07 PM  Show Profile  Visit kathyvan95's Homepage  Reply with Quote
I went to do a loan signing. The package was sent to me by Fedex. The number of notaries in the loan package totaled 18. 18 signatures to notarize. I only got a $75.00 fee for the whole signing. What is wrong with this picture? What can we as notaries do about this? I know some people will say, "don't take the job", however it's a company I like working for. Is there anything in California going on to increase the fee per signature and in turn increase Signing Agents fees?

Kathleen V. Anderson
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