The High Cost of a No Show
The dreaded no-show.
It is unnecessary in this day and age. With all the options for a notary at your fingertips you should be able to perform any closing.
Whether you need a wet signature to seal up the docs, or you can go online, you can expect Sunshine Signing to be there for you. With our vast network of mobile notaries, as well as our expertise and ability to to perform online signings, you can rest assured we have you covered.
And the plain fact is no-shows cost you money, and gives a hit to your business’s reputation. There is not a situation you want to be caught with one.
The High Cost of a No-Show
The fact is that a no-show does not just make you look bush league, it throws off your entire schedule, and that of your buyers. And no title company wants that. Maybe they don’t even deserve it.
So, how does Sunshine help in this regard?
Highly vetted notaries, the best in the business. Confirmation the job will be done. And the follow-through that Sunshine Signing provides every step of the way. We coordinate and help you every step of the process from the start of the order until completion.
A No-Show Can Damage Trust
One missed signing can damage trust far beyond that single file.
Many title signings are done by referral. From people who have done business with you and trust you to do a great job. Realtors recommend title companies, friends recommend them, even other professionals. Your reputation can take a hit.
A Brief Timeline of Problems Faced by a No-Show
The fallout from a no show extends beyond the signing. It can affect the entire process for the company in ways you may not see. Heck, it might even affect other companies you do business with, like a bank. What do you think a loan officer makes of it?
Delayed funding. Are those Bad words? Why risk filling the entire closing timeline with uncertainty .
What about the clean-up on your end? Your business is built around productivity. Everything you have to do to is based on it. So why risk having to put employees into cleanup mode, which pulls them off of more productive work.
Borrowers Lose Confidence
Making borrowers lose confidence in your company has to be avoided. It’s not just the deal falling apart at the table (that’s bad enough), it is the lingering thought if your process was thorough enough. It spills from the signing to other parts of the business.
All because of a no-show.
The title company is not the only one affected by a borrower’s lost confidence. Loan officers and agents have to deal with it as well. Not only is your word questioned, so is theirs.
Last Minute Replacements
The pressure mounts.
Will it happen? Where is the darn notary? Are they going to make the entire transaction blow up in your face?
Do you have to rushed replacement? They usually cost more money. And not every company guarantees to have a mobile notary at your site four hours or less like Sunshine Signing does.
Put it Together
The real cost is not just a missed appointment, it is the disruption behind it.
Some Real World Numbers for a No-Show
So let’s estimate the financial cost of a no-show. The numbers may not be perfect, but they give you a good idea of how it affects you financially.
A reasonable marketing estimate is:
Direct Internal Labor is $75 on the low end and $200 or more on the high end. This has to cover spent by the title company staff, schedulers, the team funding the loan and follow-up coordination.
A rush notary tends to cost more money, anywhere from $50 to $150.
Delay related business costs. They can cost $100 to $500 plus. When is the borrower available? How far out to you have to delay the signing? How will this affect funding? Do documents need to be changed or updated? Is the lock timing affected?
And the biggest cost, which we cannot put a number on is the reputation and client frustration. One bad experience can be worth far more than the signing fee.
Simply, a no-show can easily coast $200 to $850 or more for a single file. And it can cost you customers on top of that.
The Sunshine Signing Solution
You need to deal with a company that has been around and built a lot of relationships. You need a company that has the track record a company like Sunshine Signing has.
You need a company that has the best notary network in the nation, and is one that goes through the vetting process seriously. You need a company that can get you a notary on time, every time.
You need the white glove service Sunshine provides. From start to finish, making sure every step goes smoothly, that every signing is the most important signing, that has an ironclad guarantee that protects you.
These are things you can only find at Sunshine Signing. For your next title closing be determined to call us at (727) 817-0000. Our fully based American team is always ready to help.
Your Nationwide Notary Signing Service
Sunshine Signing provides nationwide mobile notary and Remote Online Notarization (RON) services backed by 20 years of trusted experience in the title industry.
