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Posted by  Scriba/NM on 3/11/18 1:45pm
There will be a declining need for notaries as we progress into the future, and I believe that signing agents will be a thing of the past, as well. Face it, the bloom is off the rose. Presently, I note that we are now at the highest interest rate in four years for a 30 year fixed at 4.46% and 3.94% for a 15 year fixed. Home purchases have slumped 3.2% December to January.
No matter what some may say, we have all generally experienced a slow down. Those wanting to "make a living" being a notary should probably consider another field of endeavor. Costs go up, and now we have title companies trying to cut costs by getting rid of signing companies. They are offering minimal fees directly to notaries for loan closings. If the signing companies can do it, why can't title? Title cuts their payments from $175 - $225 to $85 to $90 and get the notaries they want, instead of some signing company "nightmare notary." Things will continue to change. |
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