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There must be some borrowers that do trust RON
Posted by grapebed of MO on 6/19/22 1:32pm Msg #640837
because I have done 30 RONS in 2022 and missed out on probably hundreds of RON signing opportunities from AMROCK. The majority of RON signings seemed to have enjoyed the simplicity of a virtual siigning.

As previously posted, the RON closings go really fast ( 15 minutes max) despite my best efforts to explain some of the basics. The borrowers have been super prepared by AMROCK. I donít believe that AMROCKís goal is to commit fraud. Paper or electronic electronic, many borrowers donít fully understand what they are signing. I totally trust AMROCKís procedures. They are phenomenal.

Regardless of the signing method, the volume of refiís is getting crushed. I donít expect to do more than 10 RONS for the remainder of 2022. The Fed will raise interests again on July 30th and again in mid September. Inflation ( particularly gas and food) is out of control. There really isnít much that the Fed can do.

I have raised all of my prices substantially. Most people donít really care. Household incomes and net worths have sky rocketed. They just want the job done quickly and at their convenience.

If you need income as a mobile loan signing agent, remember this is a dying industry with dwindling profitability in an inflationary environment. Thatís a bad combination. The good news is that the legitimate job market and wages/benefits are higher.

There are exceptions The notary education business and notary directories. They ate quite profitable, thanks to money from wanna be notaries. Newbies be forewarned. You do want to be educated in a dying industry. Whatís the point?
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Messages in this Thread
 Rocked IPEN - cremevette on 6/18/22 9:11am
 Re: Rocket IPEN - cremevette on 6/18/22 9:12am
 Re: Rocket IPEN - cremevette on 6/19/22 7:47am
 Re: Rocked IPEN n/m -  MW/VA on 6/18/22 11:18am
 (oops). I've found that the cost of setting up & -  MW/VA on 6/18/22 11:19am
 I received the same call from AMROCK about IPEN. n/m - grapebed on 6/18/22 12:24pm
 I received the same call from AMROCK about IPEN. - grapebed on 6/18/22 12:36pm
 Re: I received the same call from AMROCK about IPEN. - ananotary on 6/18/22 4:45pm
 Title Source n/m - Linda_H/FL on 6/18/22 4:51pm
 Re: Title Source - ananotary on 6/18/22 4:55pm
 I have alawys believed that it was important to have a - grapebed on 6/18/22 8:14pm
 Re: Title Source - Linda_H/FL on 6/19/22 12:29pm
 Why IPEN & not RON. Cuz signers hate the tech/scared. - Lee/AR on 6/18/22 8:12pm
 That's what happened with me too, Lee - Linda_H/FL on 6/18/22 8:54pm
 Same here--most borrowers I speak with wouldn't trust an RON -  MW/VA on 6/19/22 10:28am
 There must be some borrowers that do trust RON - grapebed on 6/19/22 1:32pm
 Re: There must be some borrowers that do trust RON -  BrendaTx on 6/19/22 2:22pm
 Re: There must be some borrowers that do trust RON - Valiant on 6/19/22 7:34pm
 Re: There must be some borrowers that do trust RON -  JanetK_CA on 6/20/22 3:44pm
 Re: Why IPEN & not RON. Cuz signers hate the tech/scared. -  BrendaTx on 6/19/22 1:05pm
 Interesting..no pay for RON if Lender doesn't want it? - Lee/AR on 6/19/22 2:30pm
 Re: Interesting..no pay for RON if Lender doesn -  BrendaTx on 6/19/22 6:59pm
 Re: Why IPEN & not RON. Cuz signers hate the tech/scared. - grapebed on 6/19/22 4:39pm
 Re: Why IPEN & not RON. Cuz signers hate the tech/scared. -  BrendaTx on 6/19/22 7:14pm
 Excellent advice for those jumping into the RON market. -  JanetK_CA on 6/19/22 8:17pm
 Re: Excellent advice for those jumping into the RON market. -  Yoli/CA on 6/20/22 10:00am
 Re: Why IPEN & not RON. Cuz signers hate the tech/scared. -  Cheryl Elliott on 6/20/22 10:23am
 Re: Why IPEN & not RON. Cuz signers hate the tech/scared. - jnew on 6/20/22 11:29am



 
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