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Refi apps are down 77% versus 1 year ago. If you averaged
Posted by grapebed of MO on 5/22/22 1:52pm Msg #640189
$4,000 a month in gross revenue in June of 2021, you could estimate that your revenue will drop below $1,000 in June of 2022 and you probably won't break-even. Signing agents are notorious for not leaving this business no matter how bad things get. Hope has always been "just a few months away". "this slowdown is temporary", "business is cyclical and will bounce back" and so on.

This time is tuly different. This is a dying industry, RON will be ubiqitous very soon. Notaries will be wiped out while desperately hoping for a comeback. It is not going to happen.

During the so called "boom times", notaries did not "bank" any real money. It is not as if notaries were earning $300,000 or more and therefore could save some money. While the job market is smoking hot, every notary who is depedent on income as a signing agent to survive, had better spend the next 90-days looking for a legitimate job. You won't regret it.
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Messages in this Thread
 "Applications to refinance continued their landslide" - grapebed on 5/20/22 5:42pm
 Re: "Applications to refinance continued their landslide" - PaigeTurner on 5/21/22 6:15pm
 Survival of the Fittest - PegiT_MN on 5/22/22 10:38am
 Re: Survival Yes Peg! Good Luck and to us ALL! n/m - HeatherR/CA on 5/22/22 11:06am
 Re: "Applications to refinance continued their landslide" - SteveS/CA on 5/22/22 12:40pm
 Refi apps are down 77% versus 1 year ago. If you averaged - grapebed on 5/22/22 1:52pm
 Re: "Applications to refinance continued their landslide" - PaigeTurner on 5/22/22 6:25pm
 Re: "Applications to refinance continued their landslide" - jnew on 5/23/22 9:57am
 Ridiculous! Unfortunately, many of them get their business -  MW/VA on 5/22/22 4:54pm
 Re: Ridiculous! Unfortunately, many of them get their business - PA_Notary_II on 5/23/22 9:30am



 
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