Posted by John Fluent on 8/10/13 7:56am
Msg #479932

Loan Signings on Refi's way down.

I think the Refi bubble has burst folks. With interest rates rising my loan signings are down over 75%. This will only get worse as interest rates continue to decline. What are the rest of you doing to make up for the drop in Refi's? Is it time to get out of the mobile notary business and try something else?

Reply by jba/fl on 8/10/13 9:07am
Msg #479936

I'm basically out due to old age, but have a few good companies that keep me young and kicking.

A very personal decision, John. I wish you well in all your fluency. (sorry)

Reply by 101livescan on 8/10/13 10:41am
Msg #479953

Old News

Hello? Interest rates took a full point increase in July...August is a vacation month. Even though rates came down 1/2 point approximately, it will take time to refill the pipeline. Also there is a huge transition going on with conventional lenders, LOs are jumping ship to mortgage brokers, we're in a buying/selling mode, investment mode.

Stay tuned...tune in!

Reply by Exclusive Mobile Notary on 8/10/13 10:45am
Msg #479955

Re: Old News

If you're in Riverside or San Bernardino county, yes, it's time to leave the mobile notary business

Reply by CarolF/NC on 8/10/13 8:15pm
Msg #480015

LOL:) n/m

Reply by Marianne Clancy on 8/11/13 9:16am
Msg #480060

Re: Old News

Perhaps the cities in San Bernardino or Riverside will imminent domain underwater properties and refi work will become available!!

Reply by Eva75Eva on 8/12/13 11:40am
Msg #480176

Agreed.