Posted by Joan Bergstrom on 3/2/06 11:14pm
Msg #101552

What percentage of your business is edocs?

Today I had a package delivered to my door and this happens so seldom that I didn't know the FedEx guy and I use to know the regular driver and all the subs.

I think approx 95% of my business is edocs. It is just me or the particular companies I work with?

Reply by MB_AZ on 3/2/06 11:30pm
Msg #101554

Yes, I do have about 95% edocs too and prefer it that way. There are a couple of co's I work with that only do overnight docs. I have the most problems with California Overnight. They are always late and delivered by some guy in a ratty van. May not be a good company to use for sending docs to AZ.

Reply by Korey Humphreys on 3/2/06 11:41pm
Msg #101555

Hi Joan,

I agree with you on the 95%. I can't think of one company I've provided services to that didn't send edocs. I know a few haven't, but I can't think of them at the moment.

Reply by BarbaraL_CA on 3/2/06 11:53pm
Msg #101557

Actually, about 35% of my business is loan signings - the majority of my business is from local businesses, attorneys, and the general public (make more $ for less time). But from my loan signing business it is almost always e-docs. I like overnight docs because then I don't have the hassel of waiting till the 11th hour or beyond for the e-docs, but there are several ss's that are good about getting the docs to me in a timely manner.

Reply by MichiganAl on 3/3/06 12:44am
Msg #101565

Only about 10%, but...

That 10% gives me more headaches than the other 90% combined. I can do so many more appointments per day with overnight docs. It's so much more profitable to avoid the companies that do mostly e-docs. I can do 7 or 8 appointments a day when they're all overnight docs, but maybe only three if I'm handling e-docs. There are less mistakes, less surprises, and less disruptions to your schedule. This job becomes much less stressful.

Reply by LilyMD on 3/3/06 6:26am
Msg #101577

Re: I have about an 80/20 split.

I do a great deal of business with one TC that's mostly edocs and have no problems or headaches. They pay well and quickly. I also have another TC that I deal with that does mostly 0/N docs and there have been a few headaches and problems with the packages. Forgotten sheets, the borrower got the docs and scattered them, etc. So I guess it's really a matter of the day/appt. for me.

Reply by Julie/MI on 3/3/06 7:57am
Msg #101604

2001: 95% overnighted--mostly fixed second mortgages
2002: 75% edocs, mostly refi's
2003: 85% edocs, mostly refi's and Helocs
2004: 95% edocs, mostly refi's and Helocs
2005: 98% edocs, mostly refi's and Helocs until Sept. when they were fixed second mortgages
2006: 99.9% edocs, 65% fixed second mortgages; 35% refi's; 2 helocs which were from the only signing company I work with which were overnighted.

Reply by JudyinLa on 3/3/06 11:14am
Msg #101710

Wow, Julie, either you're really obsessive or you don't close a lot of loans.