Posted by FLdocrunner on 2/13/11 7:19am
Msg #372604

Im done

Just so you all know I am finished with closings. To PAW, I have sent business your way and I plan to send it all your way. Nice meeting some of you, shame on the rest ( you know who you are ) Best of luck, Im off to greener pastures, Hopefully one filled with less fraud, mean spiritedness, forgery, deceipt and companies who cant seem to pay their bills.

Reply by jba/fl on 2/13/11 7:56am
Msg #372605

Since you are leaving, you are giving PAW your room. Can I have your name? I have always loved it.

Best of luck to you. I hope the real world is not going to disappoint you for from what I have seen, those same traits mentioned are everywhere. We are but a microcosm of the macrocosm.

Reply by FLdocrunner on 2/13/11 8:06am
Msg #372606

It's yours enjoy and good luck!

Reply by James Dawson on 2/13/11 8:39am
Msg #372607

That's said, I wonder what the real reason is, I may stop doing loan signings but I will always be a notary until I can't see anymore.

Reply by Carolyn Bodley on 2/13/11 12:33pm
Msg #372612

Re: said finished with closings, didn't say finished with

being a notary.

I too stopped doing "loan signings/closings" a few years back for generally the same reasons -- I never put away my notary stamp or embosser. The way things are today in the mortgage/housing market, there definitely are greener pastures out there -- you just have to take the initiative and look for them.

Reply by James Dawson on 2/13/11 1:10pm
Msg #372615

Re: said finished with closings, didn't say finished with

Very good observation,...Okay then more power to um'

Reply by Carolyn Bodley on 2/13/11 1:18pm
Msg #372617

Re: said finished with closings, didn't say finished with

No prob -- being observant comes with my new greener pastures

Reply by Linda Cherry on 2/13/11 3:27pm
Msg #372630

I retired from signings a yr ago.And they still call, wanting to pay peanuts not money. Most that I did in Ga. did pay (what little they paid!) but I will keep up my Notary Seal. I aquaired a 3 yr old so it gave me a good excuse.

Reply by LynnNC on 2/13/11 3:59pm
Msg #372633

I would make very little just doing general notary work n/m

Reply by 101livescan on 2/13/11 8:58am
Msg #372608

Good luck to you in your new endeavor. Where are greener pastures, my friend?

Reply by CopperheadVA on 2/13/11 11:59am
Msg #372611

Good luck to you, FLdocrunner! I am looking for some greener pastures myself.... when I find them I may be heading on out, too.

Reply by parkerc/ME on 2/13/11 12:52pm
Msg #372613

Good luck. Although we are not flush with signing agents in this rural state, I'll also probably hang up my hat NLT next spring, when my notary commission is up for renewal. Not enough general notary work in this area to warrant renewing my commission, unless I wanted to do weddings. And since 75% of the weddings I officiated at years ago have ended up in divorce, that's certainly no incentive. Of course, I reserve the right to "never say never".

Reply by Glenn Strickler on 2/13/11 2:47pm
Msg #372622

I noticed you blew out your profile already.

Hopefully, you'll keep your commission. I plan on keeping mine until I can no longer get around until I can't justify the cost of maintaining a commission any longer. There is plenty of other work out there that requires a notary.

But, I too, don't close very many loans any longer, unless it's a good client that calls. The lo-ballers and low rated companies I just have their numbers set to roll to voice mail.

Best wishes.

Reply by MW/VA on 2/13/11 2:51pm
Msg #372624

Best wishes to you in your greener pastures. Hopefully,

that means on a golf course somewhere. LOL

Reply by MobileZ71 on 2/13/11 3:04pm
Msg #372625

http://www.youtube.com/watch?v=GGXeXm0uMDo

Refinancing to a lower interest rate is over! Housing will stagnate for many years to come and only the few investors that have the talent to make profits will continue.

Reply by LynnNC on 2/13/11 3:07pm
Msg #372627

"Refinancing to a lower interest rate is over!"

I am afraid you might be right. When I started in this business 6 years ago, interest rates were higher, but lenders kept business going with piggyback loans.

I love being a NSA and will hate to have to find something else to do.

Reply by MobileZ71 on 2/13/11 3:14pm
Msg #372628

Re: "Refinancing to a lower interest rate is over!"

Once the fed is near the end of QE2 in a few months the market will push rates higher. We all know its coming and we all know higher rates will kill refinancing. Less work and lower closing fees is killing the closing & title industry and only a few will be left standing. I myself closed zero loans last week and only 2 the week before, and thats the beginning of the trend this year.

Reply by MobileZ71 on 2/13/11 3:41pm
Msg #372632

Re: "Refinancing to a lower interest rate is over!"

This country is headed to economic expansion or its headed to economic inflation. Either way interest rates are headed higher.

http://www.youtube.com/watch?v=kPMD9bcB85s

Reply by LynnNC on 2/13/11 4:01pm
Msg #372634

Re: "Refinancing to a lower interest rate is over!"

I am getting business from a guy in Charlotte who left a law firm to start his own title co. His timing couldn't be worse.

Reply by PAW on 2/13/11 8:03pm
Msg #372638

I'm flattered, but ...

I too have 'retired' from doing loan signings. There's not much work anyway in this area, coupled with paltry fees and too much stress. I haven't quit the notary business and still doing the apostille and document legalization processing. Those provide me with enough work and it is worthwhile.

Good luck, Cheryl, in your greener pastures. It's been a pleasure having you as a colleague.

Reply by Glenn Strickler on 2/13/11 8:06pm
Msg #372639

Seems to be the consensus. n/m

Reply by James Dawson on 2/13/11 8:26pm
Msg #372642

Re: I'm flattered, but ...

Amen to the "stress" statement. Funny PAW I did notice you always provide excellent guidance and the correct procedure when you post about various forum discussions but rarely mentioning " What I did last night.......". Must be because as you said, you're kinda retired from that stress. Boy am I working extra hard to get to where Cheryl, you and everyone else is.......off the loan signing bandwagon. Envious to say the least!

Reply by MistarellaFL on 2/14/11 11:08am
Msg #372674

Been "done" for awhile here, too

But I've kept my notary commisssion.
Short sales and foreclosures in this area are being handled by local TC's and RE offices.
I still do the occasional closing and wedding, but it's not enough to cover the bills.
I seem to do more general notary work than anything else.
Best wishes to you Cheryl!

Reply by Bob_Chicago on 2/14/11 2:02pm
Msg #372695

Still hangin' in there. Not like it was, of course, but

still about a dozen or more per week and more at EOM.
Can't make any money in Illinois with general notary work at $1 per. Usually refer them to local UPS store or a currency exchange.

Reply by jba/fl on 2/14/11 2:07pm
Msg #372696

Re: Still hangin' in there. Not like it was, of course, but

"Can't make any money in Illinois with general notary work at $1 per."

Perhaps you should strive for volume.


Sorry, couldn't resist. LOL.

Reply by FlaNotary2 on 2/14/11 2:22pm
Msg #372700

Volume! Volume! Volume! LOL

As most on here know, I don't do and have never "done" loan signings (even though yes, I am a Certified Loan Signing Agent but I choose not to do signings).

I think there is something very respectable about committing yourself to general notary work. This really allows you to help people and embrace your position as a public servant. I very much like being a "brick and mortar" notary, that sits at a desk all day, and notarizes for whatever people need the service. Yes, the law allows us to charge a fee for this service ($10 per certificate in Florida), but what we are doing is very valuable. Even $10 is a small price to pay for the expertise of a knowledgeable notary public. And I think most on this board fall into the "knowledgeable" category.

Reply by Bob_Chicago on 2/14/11 2:30pm
Msg #372702

Perhaps you should strive for volume. Yup. lose a little on

each xtion, but make it up on vulume. Works for me ..... NOT