Again, Notary Signing Agents Are Under Appreciated.

A few days ago I read a very disturbing blog entitled “Buyer Beware When Hiring Notary Public" In my opinion, all notary signing agents should check it out for themselves. Please feel free to send us your feedback at inbox@cdcnewsletter.com. Below please find our response to Diane Cipa of The Closing Specialists.

In response to your blog “Buyer Beware When Hiring Notary Public”. My first reaction was to ignore you. I figured you were someone who knew better but wanted the attention. However, as a notary signing agent I had to respond for the sake of my fellow notary signing agents who have worked very hard, but are never appreciated. As a notary public, if someone comes to me and ask me to notarize documents I charge them the state regulated fee which for me living in New York is $2.

However, when a lender calls me and asks me to take documents to borrowers who in most cases live at least 30 minutes from my house it is ignorant of you to say that it is fraud for me to charge $125.00. First the lender will email me the documents which are usually about 50 or more pages of which I am asked to print two sets. I am asked to call the borrower to confirm the signing. Most lenders expect me to have errors and omission insurance, and in addition to completing the state requirement for becoming a notary public, the lender asks that I take it a step further and get certified. Most lenders require background checks. After the closing I have to fax back documents to the lender.

For your information …
The lender does not pay for my notary supplies.
The lender does not pay for my certification.
The lender does not pay for my errors and omission insurance.
The lender does not pay for my background check.
The lender does not pay for the pages they ask me to fax back to them.
The lender does not pay or provide the paper for me to print more than a 100 pages.
The lender does not provide the toner for my printer.
The lender does not pay my internet service so that I can access email ...accessing the loan documents.
The lender does not pay for gas or toll for me to get to the location most convenient for their borrower.
The lender does not pay maintenance for my car.
Some lenders do not pay me if the borrower does not show up.
Some lenders do not pay me if the borrower refuses to sign.
Some lenders do not pay me if the loan never gets funded.
Some lenders do not pay me at All!

Its easy for an ignorant person to describe the notary signing agent’s duties as a “point here sign here job” but when the borrower ask me questions such as “What is my interest rate”, “What are my monthly payments”, “When is my first payment due”, “Where should I send my payments among other things”, the lender expects me to know the forms and be able to show the borrower where to find that information.

Lets not forget the borrowers who decide to read the details of the loans documents which means I have to sit there for more than an hour. Ms. Diane Cipa, I am sorry but my notary signing agent fees of $125 is more than reasonable!

Regards,
CD&C

How do you determine the prices of your products and services?

The result from CD&C Business & Legal Form Processing Services, LLC last survey question, "How do you determine the prices of your products and services?" 53% based it on their business expenses, 30% on what they think their clients are willing to pay, 12% based it on other factors and 5% based on their competitors' price.

Experts believe that the direct cost of your products and services, your business expenses and your competitors' price should all be taken into consideration when pricing your products and services. In addition, you need to determine your breakeven point, where your cost and your income are equal meaning there is no profit. Any product you sell or any service you provide after your breakeven point is considered a profit. Also pay attention to what your industry and the economy doing. With technology new products and services are upgraded very frequently.

CD&C’s Add New Page To Website – “Interesting Stuff”

New York, NY, October 2007 - CD&C Business & Legal Form Processing Services, LLC (“CD&C”) has added a new page to our website called “Interesting Stuff”. The Interesting Stuff page consists of news, articles, tips, anything/everything interesting targeted to virtual freelancers, independent contractors and consultants. Our subscribers and customers include but are not limited to notary signing agents, paralegals/legal assistants, virtual assistants, document preparer, attorneys, and small businesses. New posts are added to the Interesting Stuff page on a weekly basis.