Here's my opinion - quitting a corporate ladder job (let's assume you make 75K a year, plus benefits) you would be making a mistake if you don't have a pretty solid cushion of savings to keep you going for at least a year, until you build your business with these "contacts". Even after that, unless you know you can jump right back into the corporate world, it is tremendously risky.
I promise you, no Title Officer has the ability to direct notary work. Ditch that idea, pronto, especially in California. I am one (a Title Officer) and I have zero power in that arena unless I've met some someone (Escrow) who's impressed with me and *might* listen just because she likes me. I have one single situation now that I'd like to direct business to locally, but it's still a crapshoot. Because I like the guy and believe in his ability, I'm willing to do it, and have taken steps in that direction.
The loan brokers are better leads for you; but here's your dilemma: Title and Escrow staff in California HATE loan brokers. I can't emphasize that enough. And the power in this deal (signings) lies squarely and directly with the escrow officers at a title company, not with the loan brokers. Do you want to take that chance??????
Loan brokers will pressure the TC to use their people with the barely veiled threat that business won't come to them otherwise. Here's the wake up call for Loan brokers with a Napolean complex: we don't give a rat's ass about your business. That's the sales rep's worry, not ours. Take those threats and boast about them over cocktails with your competition after five. We won't be there.
There you go anon. The inside scoop. Now, if you happen to be in my local area? I deny all of the above and take the Fifth. |