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has anyone else slowed down
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has anyone else slowed down
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Posted by Anonymous on 4/13/06 12:05pm
Msg #113335

has anyone else slowed down

Is it the time of year or are people not refinancing now beacause of the interest rate?

Reply by Beth/MD on 4/13/06 12:42pm
Msg #113354

Re: No, I've been busier than usual. n/m

Reply by lindab on 4/13/06 1:06pm
Msg #113364

Yes it has been very slow for me. So far this week I haven't done a single closing unlike the first 3 months of the year. I am in Indiana. Is anyone else experiencing the same? I kind of like it. Gives me time to work on my yard. Probably won't be as happy when I don't have any checks rolling in, but, that's the way it goes.

Reply by Dee_Fla on 4/13/06 3:09pm
Msg #113408

it has not been slow down here in Florida, at least my part of the woods. I've done quite a bit, that my board is already full and it is not the EOM yet. I might have to redo my board to make more room. I think it depends on the rate and what is acceptable...fixed and various.

however, I've had at least 3 cancelled at table cuz the rates were incorrect and some other info. I had one when the LO failed to communicate with the borrower for over a week, so the borrower didnt even know the closing was gonna happen until i called. She had no clue what the rate was, the payment, etc...they did not communicate anything to her. There were just to many red flags and she refused to sign. i'm wondering if some lenders and/or TC are rushing or pressuring ppl to sign and not watching what they are doing.

One couple (from night before)...was just so upset how the LO did things, and they keep catching as much red flags as the other couple (the next day) and was back and forth with the LO on the phone and even the SS tried to talk them into signing. (which i dont think it was his job to do).



Reply by Stamper_WI on 4/13/06 5:54pm
Msg #113443

Backwards here....

I usually experience the beginning or an upswing at EOM. The first week of the month has been the busiest for the last 3 months! with a drop off the 2nd.


 
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