Refinances have definitely slowed. Before interest rated dropped with the virus outbreak in March 2020, I was doing 3 or 4 signings a week. After that, for the next 12 months I worked as much as I wanted and averaged 10 + per week and turned down many more.
Starting in April, refi's slowed and now I averaging 4 - 9 a week, and it's less predictable. Some days I run all day long doing same day requests, then other days its crickets. I am doing more sellers & buyers and less refi's but refi's are still the majority of my work. I refer out most of my GNW requests, they just not profitable compared to real estate work.
The refi boom came at the absolutely best time for me, since I was fairly new and just getting established as a notary. It allowed me to because established with the big established companies that schedule signings a week or more out. Today is Sunday and I have 4 signings booked for this coming week which is good, plus one scheduled for the following week.
The refi boom was too crazy to continue very long. |
