Have you ever accepted a signing but wasn't assigned to the order and then see the same signing send another offer?
Many times the new offer has a higher fee than before. Let's go over why this happens and what companies look for when deciding which notaries to select.
Restarting the Search
It's important to know that any changes made to the order will result in the search being canceled. When they start the search again, it's most likely going to the same group of notaries unless the language requirement, location or search radius changed.
Based on the feedback companies are receiving from notary responses, they may adjust the fee, location, time, or date and start the search over again. This means that you may receive several offers for the same signing.
What Companies Look For
Every company is different in their requirements for notaries they hire and it's never solely based on whoever accepts the lowest or original fee. Some require a new background check every year, a certain amount of coverage on your E&O insurance, a certain number of signings completed on Snapdocs, or a certain ranking. They may be waiting for one of their favorited notaries to respond as well. There are many reasons and requirements that may prevent a company from hiring you even after accepting the signing.
Why Are They Raising the Fee?
Either the type of notaries that they are looking for have not accepted the signing OR they are asking for a higher fee to complete it. They have raised the fee to entice a notary to accept that is within their requirements. If you have accepted the signing and they are still raising the fee, then there is a reason they have not assigned you yet. This may be due to experience, ranking, negative feedback on your account, issues that occurred in the past when you've completed a signing for them, the borrower could have certain requirements for their notary, or maybe they want someone closer.
While you won't always know why a company decided not to hire you, you can take steps to give yourself the best chance at getting hired.
Check out these articles that will help you grow your business:
How to get more business by becoming a Snapdocs verified notary
How can I boost my notary ranking?
How has the signing already been filled?