Reply by Julie/MI on 10/21/11 2:17pm
Msg #401239
My receivables are in the exceedinly healthy (pre 2007) range this year due to great title companies and signing companies. After being in this business for almost 12 years, some signing companies have come and gone (same with title) and some still pay what we're worth and I'm very grateful I didn't burn any bridges along the way. Some ha ve reduced fees, but I compensate by keeping my territory closer to home. I've also had some new signing and title companies come on board this year, some I hear from almost daily, some monthly but when you are diversified, one's schedule should be pretty healthy from now till December.
If you choose to go title only, that's your choice, but if a signing company goes belly up, the title people may remember you and use you directly.
I have turned away many closingus from very good signing companies this month and signing companies have kept my daily closings from about 5-8 per day this October.
I may even have to hire a housekeeper, because I cannot keep up with all of it. I will be slowing down a bit after first of the year, intentionally, but I'll aways be there for my top 7 companies, which include signing companies.
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Reply by ME/NJ on 10/21/11 2:40pm
Msg #401241
Julie, I love TC work and they are my life blood for the last six months, but I hate not seeing the same amount of calls from SS's. For example Negrette's I would get two a month like clock work, now I have not heard from him in 4-5 months. I think unless you are a huge SS with a major client the smaller ones are fighting to stay alive right now.
I am seeing more and more TC's and Banks deal directly with me instead of going through a SS now. Plus most of these SS's do not have contracts with TC's so when they find a good notary bye bye SS.
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