Posted by zebbienc on 8/13/13 8:58pm
Msg #480391

slow business

is everyone experiencing slow business this month? hopefully month end will be better

Reply by ME/NJ on 8/13/13 9:05pm
Msg #480396

This week started good but slowed down, need a couple more to make my numbers.

Reply by Carol Graff on 8/13/13 10:17pm
Msg #480407

very slow here in So. Ca.

Reply by Linda Juenger on 8/13/13 10:19pm
Msg #480408

Slow in So IL also. n/m

Reply by JandB on 8/13/13 10:34pm
Msg #480409

Dead slow in VA

It started slowing down a month ago and has come to a dead stand still.

Reply by Joe/NC on 8/14/13 7:32am
Msg #480425

Re: Dead slow in VA

I had one last week and none so far this week. I had to go out and get me a pt job that offers me flexible hours so I don't have to turn down signings and still make money.

Joem/NC

Reply by Eva75Eva on 8/14/13 12:48pm
Msg #480466

Very slow in Northern Virginia. Only one so far this week.

Phone not ringing. Can't believe the month is almost half over. Overall my entire volume is down 65% from last year. Gotta change my long term plans-this business isn't cutting it anymore.

Reply by Lisa Cirillo on 8/14/13 8:24am
Msg #480426

Slow upstate New York as well.

Reply by Ireneky on 8/14/13 8:57am
Msg #480428

Dead here in KY except

one was offer yesterday $75 email docs and drive 70 miles one way NO thanks, you got you be kidding right ???

Reply by LindaD/NJ on 8/14/13 9:00am
Msg #480429

Monday and Tuesday good. No calls. I have been getting alot of last minute calls from companies I am used to working with.

Reply by snowflake/PA on 8/14/13 9:19am
Msg #480430

Very slow here, too. I had to pass on one for tomorrow and I have 2 lined up for next week.

Reply by loancloser46 on 8/14/13 10:13am
Msg #480439

been in the biz since 2004, have never seen it this slow.... n/m

Reply by ME/NJ on 8/14/13 1:31pm
Msg #480470

Where were you 2008-09

That was the slowest time in the entire USA, I dropped out for a year because it was so slow. I was lucky if I did 1K/month. No way will I wait as long as I did.

I said August would be a tell tale for me, so far down just a little but now I have to see month by month till EOY.

I said companies would lower rates during slow down and reading they have started, the dogs will go for the bone. Companies do this during every slow down soon we will need to pay them for work..lol

Reply by ToniK on 8/14/13 2:41pm
Msg #480490

Re: Where were you 2008-09

I had nothing between those times...up until 2010. I was working full time so

Reply by Stephanie Santiago on 8/14/13 1:58pm
Msg #480480

Signing Agent since 2000; very slow; in the meantime,

taking on many general notarizations.
Each day I am booking up to 50 general notarizations.
Not to bad at $10.00 a signature.

Reply by Yoli/CA on 8/14/13 2:02pm
Msg #480481

Re: Signing Agent since 2000; very slow; in the meantime,

Great going, Stephanie!!

Reply by ME/NJ on 8/14/13 2:11pm
Msg #480484

Wow that is great, never had that much GNW

and last 5 months or more I suggest a bank for something simple or this web site for POA or Will. Just don't have time between work and kids stuff.

I think the best I've ever done in one month for GNW was maybe 800-1k the avg was 200 when I took it.

Reply by Bear900/CA on 8/14/13 4:21pm
Msg #480514

Expect more, here's why

Loan pricing went nutty the last couple of days and loans are being re-priced. Banks sometimes send out 2 or 3 rate sheets a day when pricing deteriorates. They're almost like chickens with their heads cut off!

Steady today but here's the deal: Most here are aware that different rates come with variable rebates that help with closing costs. Rebates are much more volatile then the rate itself.

At present a 1/8 percent rate increase can affect the rebate by over two thousand dollars on a $300k loan.

Would I lock today? Only if the buyer decides to come up with more money down or accept a higher rate to get the additional rebate. That could put a pause on loan closings for next month. And so it goes.

Reply by Darlin_AL on 8/15/13 3:42pm
Msg #480612

Re: Expect more, here's why

greatly appreciate the behind-the-scenes report! keep those coming please Mr. Bear

Reply by Karen Dalton on 8/14/13 8:03pm
Msg #480532

Re: slow business in Tennessee

Slow business in Tennessee, but I have daily interest rates updates sent to my phone as I had a feeling the rates would reflect signing requests, and it appears that this is the reason as the interest rates have risen about 1 point over the last 3 weeks or so. Higher rates, no loan applications! I also think that's why the fees are lower. When the interest rates are higher, the profit margin is slimmer.

Reply by Lavergne Manuel on 8/14/13 8:28pm
Msg #480538

Re: slow business in Tennessee

I haven't had a terrific month this year but I have had good months. Last month was good and if this month continues as it is going, it will be a good month but not terrific.

Reply by Beth/TN on 8/15/13 10:03am
Msg #480568

Re: slow business in Tennessee

It has been a slow month for me as well. Hopefully it will pick up soon.