Posted by HSH/WA on 10/21/13 10:30pm
Msg #489044

3 reasons why things will get better

1. this is a sad one but more and more marginal notaries will drop out due to lack of business. We are already well into the shake out and we will see SSs with fewer and fewer notaries to call upon. Also, the number of SSs will fall - so a general lowering of competition 2. As the job market slowly improves so will the purchase market and we will get those loans - admittedly a ways off but growing all the time 3. as rates continue to inch up more and more fence sitters will be pushed off and jump in realizing that they missed the bottom and they better get what they can while they can. So cheer up, if you can make it for a while, it will get better.

Reply by loancloser46 on 10/21/13 10:54pm
Msg #489046

100% agree, marginal and new notaries will not be able to..

stay in business, and it is a blessing in disguise that this slowdown will be the demise of many of the crappy ss's. My business is only down 10-15%. As soon as I saw what was going on in early August with the refi slow down I marketed to builders tc's and picked up 2 of them. Between those two I have 26 closings this month. By January volume for both will be about 40 per month. Will end up with about 45 closings for October, all at least $xxx, 80% purchases. Marketing is hard work but it pays off. This is your business,YOU have to make it happen.

Reply by jba/fl on 10/21/13 11:59pm
Msg #489052

Bully for you! as Teddy would say. n/m

Reply by docs2go/ca on 10/22/13 12:46am
Msg #489055

I always appreciate an upbeat message - thank you!

Reply by Christine/OK on 10/22/13 4:41am
Msg #489057

Thank you, Scott, for your optimism! :D n/m

Reply by LynnNC on 10/22/13 9:44am
Msg #489075

In NC only attorneys handle purchases :-( n/m