Posted by Kim/AR --Previous Message--
(signingagent2002) on May 14, 2007, 9:03 am, in reply to "Refused to sign"
63.144.48.187
fee agreement for loans that do not FUND. I realize that sounds harsh and I don't mean it to be, but when you agree to a signing fee you must know who you're dealing with and what their policy is for loans that do not fund. They may have a 50% policy for "no sign". That means if 1 document is not signed the whole signing is considered "no sign". Some companies will only pay a $50 trip fee for those that do not fund regardless of whether the docs were signed or not. It's a learning experience. Now, that said, if you do not have an agreement for "no fund" fees, you can probably work under the assumption that full fee applies. Good luck getting it if this was a signing service and not a regular customer of yours. JMHO ~ my intention is NOT to criticize, but merely to illustrate a real-life situation.
: Borrower refused to sign the note
: because the loan amount and interest
: were wrong.
: Our signing fee was cut in half
: although we did our job.
: Question WHY?
:
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