Posted by Michael/NC on 4/30/10 7:08am
Msg #334247

Signing requests takes a nose dive

Signing requests down 77% in April for me. I hope this is temporary.

Reply by MW/VA on 4/30/10 9:15am
Msg #334272

Business down about 45% for me so far this year. Except for VA & FHA streamline refi's, there would be nothing. I don't know what will happen if money doesn't loosen up soon.

Reply by Notarysigner on 4/30/10 9:23am
Msg #334276

about 30% down for me from last year but that really doesn't mean anything if last year was bad too. IMO

As far as my expectations and profit margin, the same.

Reply by Frank/NC on 4/30/10 9:54am
Msg #334289

If this is any indication of what is going on in this business, a day or so ago I received a call from a borrower who was sent his loan package from Schwab and advised to find a Notary to complete the package. The borrower told me he was "shopping around" for a Notary. When I advised him of the travel fee plus the Notary fee I was told "I will let you know".

Reply by MW/VA on 4/30/10 12:32pm
Msg #334329

Mail-away packages are not new, nor do I think they're on the increase. I'm aware that Wells Fargo is doing a lot of them. Interesting that the borrower is trying to low-ball the notary just like the ss. Keep in mind that they often have no idea what we do as NSA's. In my area, they show up at a local mailbox store and pay $5 per notarization. That actually could exceed what our fees would be. Oh well.......

Reply by Notarysigner on 4/30/10 12:43pm
Msg #334332

Same here. I even had a signing that fell through because of lender errors. Borrowers went to another lender and when the time came to sign they told the lender they would get their own notary. They called me back out because they felt comfortable with me.