Posted by David Frizzell on 12/19/08 10:42am
Msg #272388

Should I do this?

I'm all ready to get into this business and become a mobile loan closer. I have been a mortgage broker and thought this would be a great extra income for me and my family. As I read through these posts I see that many are complaining that the business isnt there anymore, and they can't make a living.

Is anyone still doing well?

I know there are always people in every field that have a negitive outlook and I'm sure some of them might respond to this post. But I need to get all of your feed back on if I should move forward.

I live on the west coast of Florida - Lots of notarys - But I am willing to gat out and make sales calls on title companies, real estate attorneys and anyone else that could use my services.

ok let me have your thoughts!

Reply by MistarellaFL on 12/19/08 11:03am
Msg #272396

Just don't expect to have a "great" extra income.
Local TC's are not hiring extra employees, or remote closers, as a matter of fact, several I know in Pinellas/Hillborough are working their employees from home, WHEN the work is there.
They are doing the closings from the office, or sending out their employees for remote closings.
I'm not being negative, just realistic, and from experience.
Many NSA's in your area are fighting for work, undercutting one another.
It's just not a good time to be in the business unless you already have the clientele, and
even if you do, it's still slow.

Reply by PA_Notary_II on 12/19/08 11:32am
Msg #272401

I could be wrong ( I was once before, but I divorced her) but I think all of the local TC's are giving their closings to their own employees as a profit retention move. The only calls I get are from out of state TCs so while I think your idea of soliciting local TCs for business might have some merit, I doubt it will get you any serious results. Lawyers all have their own in house Notaries, so that's probably a blank also. Hate to soung so negative, but the only people who are doing well are those that have been around a long time and have all their contacts solidly in hand. You advertise that you are or have been a broker, and that may do you as much harm as good with the TCs. I wish you success, but be assured you have your work cut out for you.

Reply by Derrick/MT on 12/19/08 11:45am
Msg #272404

I was thinking the same thing about advertising that you are a Mortgage broker. This might cause you more harm then good. Spin it in a way that shows that you have experience but do not mention that you are a broker.

Reply by CaliNotary on 12/19/08 12:24pm
Msg #272409

No, you shouldn't do this

Check back in 6 months and see if things have gotten any better. But right now it would pretty much be almost no compensation for the huge amount of time you would spend trying to get yourself established. Your time would be better used trying to figure out a different way to make extra income.

Reply by Sylvia_FL on 12/19/08 12:34pm
Msg #272410

David
How long have you been a notary? As a signing service I look for experienced notaries.
I don't see you listed as a Florida notary with the SOS?

Also, are you still involved with United 1st Financial? (The Money Merge account)

And as everyone is saying this is slow for signing agents.

Reply by Linda Juenger on 12/19/08 12:53pm
Msg #272418

I just want to know if you are the Country singer? n/m

Reply by Luana Lonergan on 12/19/08 3:23pm
Msg #272440

Re: I just want to know if you are the Country singer?

Linda, you just made my day. Again.
Thanks for all your wonderful sense of humor. All of us need more of that.

Reply by Steven Pearce on 12/20/08 8:25am
Msg #272507

His profile disappeared, changed his mind? n/m

Reply by MW/VA on 12/19/08 4:25pm
Msg #272452

First of all, if you look at the HUD you will realize that it is the mortgage brokers who make the most money. We are at the end of the pipeline, and struggle to be paid a decent fee.
There is risk involved, and you will need to decide for yourself if it's for you. I don't know about "extra income", as many are struggling for any income at all. Good luck.

Reply by Terri/Fl on 12/19/08 4:28pm
Msg #272453

Surprize...David..Your profile is IDENTICAL to My Profile!!!

David.....just read your profile on Notary Rotary.....and first I must say your sentences are
IDENTICAL to my sentences. PLEASE.... if you are going to be in this business....have the integrity to WRITE your own profile.....and not steal it from my profile and by the way we are in the same county!!! GEEZE about fell over when I read your profile! How low can you go???
Expect a phone call from me! Change your profile or I will call and complain to NR!!!

Reply by MW/VA on 12/19/08 4:37pm
Msg #272456

Re: Surprize...David..Your profile is IDENTICAL to My Profile!!!

I would go to NR if you suspect a "copy-cat".

Reply by Becca_FL on 12/19/08 4:48pm
Msg #272458

BUSTED! What a loser move. Go get'em, Terri. n/m

Reply by MistarellaFL on 12/19/08 4:50pm
Msg #272459

A plagerizer, for sure, but no competition

According to the state of FL he doesn't even hold a FL notary commission.

Reply by MW/VA on 12/19/08 4:57pm
Msg #272461

Re: A plagerizer, for sure, but no competition

What a sleeez! Must be using "mortgage broker ethics", or the absolute lack thereof.
I was actually suspecting a "troll"--this is much worse!

Reply by Sylvia_FL on 12/19/08 5:00pm
Msg #272463

Re: Surprize...David..Your profile is IDENTICAL to My Profile!!!

You are so right Terri!

Also according to the NNA he is not a "Certified Signing Agent".

David, where did you get your certification from, and why aren't you listed with the Florida SOS as a notary????

Please do not reply to me via PM as you did last time to let me know you were still involved with Ufirst Financial. You did not respond to the notary question.
Reply openly on the forum please.

Ethics plays a big part in this business!!

Reply by MichiganAl on 12/19/08 8:49pm
Msg #272491

You know what really amazes me about that

Why would someone in your same area do that? I mean, how utterly ridiculous does that look for both parties? I just busted someone three days ago who copied my website home page word for word (2nd time now that this has happened). They cover the exact same counties (I guess they copied that too). Of course, they haven't responded to my e-mail. I guess I've got to out them and tell their ISP about their copyright infringement.

At least David already took it down. Still, tacky, lazy, & unprofessional.

Reply by jba/fl on 12/20/08 2:30am
Msg #272504

What a troglodyte! n/m

Reply by MW/VA on 12/19/08 4:59pm
Msg #272462

Quick answer--NO, you should not do this!

Reply by Todd/OH on 12/19/08 8:02pm
Msg #272478

Two years ago I was doing very well, never mind that the business was beginning a downslide. I'm in Ohio between Cleveland and Columbus - a bit remote. I now measure success (or the opposite) in terms of calls missed or turned down. I missed / turned down only 8 last month. Nobody is calling.

Reply by MW/VA on 12/20/08 8:34am
Msg #272508

Good jobs, folks--he removed the fraudulent profile.