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Posted by  JanetK_CA on 2/17/17 4:47pm
I agree. We've seen lots of that, especially after the "mortgage meltdown", and with the next cycle in our business, we may be seeing lots more in the coming years. We can protect ourselves by not getting in too deep with any one company, staying vigilant about who we work for, and trying to maintain cash reserves and/or diversifying so that we're not completely dependent on loan signing. There will be survivors both in our ranks and among those that hire us.
And let's not forget that last time, we saw lots of fallout among title companies and lenders, as well as signing services. I'm not predicting anything like that for this cycle, but interest rates will likely be on an upward trend for a long while. There are already signs of lenders getting creative again. For example, I did a rather large private loan recently that involved 3 properties in one loan. That was a first for me! And Cash Call is actually advertising for people to use their homes as their ATM! Yikes! Here we go again... I don't know if that's good or bad, so who knows what will happen. 
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