Days of Closings Past!

Yes, Rising interest rates, period. The fed has 6 more rate increases up its sleeve within the next 2 years. Thanks Joe.
This is the time were you sign up with more companies.
Good luck.

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Location, location. location. I spoke to a Notary in Maine this morning. She is very busy right now. She recently quitted her job to do this full time and loving it. I think it’s because she lives in between suburban and rural areas. Her fees are high too. For every 2-3 loans that people do out here in Colorado equals to her one closing!!! I told her to take what she can while her market is hot, keep her mouth shut🤫, don’t tell others of what she does for living because with all the internet/social sites eventually more people will find out about this job!!!
I also spoke to a couple title companies. And they both told me that they are seeing notaries re-relocating to different areas/states to get more assignments. So the problem here is that we are not only competing with the current notaries in our areas but we have to compete with the new relocators as well!

Life has been treating me good so far, I only have two or three Title Companies and a couple of SS giving me signings keeping me busy, all of them between $90.00 -$150.00’s, they know me and I know them so I do not haggle and I get these signings immediately, weather has been so cold here in Metro Denver, Glendale and Aurora, that I feel like a Eskimo in the Artic Circle, sometimes I have last minute signings that demand specific situations but I do not counter my fees, instead I ask for mor time to get organized and get the work done, I understand Title ans SS some times have issues with lenders and get behind schedule, but so far we are working with harmony, maybe other Notaries try to get advantage of situationes doubling their fees getting greedy jeopardizing future business with title companies and SS brokers…

I’ve been signed up with over 50 companies since 2006 and have closed 7800 loans since then and am also a Tenn RE Broker (don’t sell though). BTW…appreciate everyone chiming in on my post but just wondering if y’all can say what state you are in. Be interesting.

Also, anyone know how to beat the clock on these push notifications that come and go by the time you click on the order??? :thinking:

I’m in Highlands Ranch, Co

Are you strictly just doing loan closing or are you also doing loan origination or real estate selling as well? Just wondering….

Actually, there is no need to answer if you’re not comfortable with the question since I’ve asked three times, privately and publicly. I am quite sure that you are not the same Notary who’s family asked me once upon a time about what he should tell his son to charge for his signing because he was not getting what he should. I recalled telling him to tell the son who was also a mortgage loan officer and a realtor to charge at least $150. I am sure it wasn’t your family who asked me for help in deciding what fee to charge because you seem to demonize notaries who mention anything about negotiating for fee increase:). You are a saint:)

I’ve been in the mortgage industry since 1982. The market goes up and down. That is its nature.

Im in AZ and this week has been really really busy for me. As a newer LSA my realistic goal was one closing a day Monday -Friday… I made that a realistic goal as a start. I had 12 appointments all above $90 -$175. I am not expecting it to always be that way so I’m going to enjoy this ride no matter how long it last.

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I’m not sure about the types of closing you’re doing in AZ. In Texas we’re seeing a large number of transplants from other parts of the country. This means I’m seeing an uptick in out of state seller closings coming my way. Real Estate is a bit fickle so don’t count on the feast to last long term.

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We get a few from Cali relocating too. But I am doing more refinances than anything here for the locals.

I may be a transplant to Texas soon (Tyler). But I won’t be doing signings… we wi see

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Wish I can move to Texas…………

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Tyler is a bit of a closed community for those with no roots in the area. “If you ain’t from here, when will you be moving back”.

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Everybody wishes they were a Texan…Yipeeee Yehaaaa. :cowboy_hat_face:

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I’m okay with that in my personal life I am very anti social :joy::joy::joy::joy:

Just for fun I looked up NSAs on signingagent.com in my area(Maryland)
Within 20 miles 266
Within 50 miles 1,000+

I’d only be concerned if I had no direct clients. Then I’d still be taking $85-$100 signings, it would just be less revenue and I’d be back to watching my phone like a hawk, which is mentally draining.

Do what others won’t do if you want different results. Marketing direct to title, lenders and realtors every single week until you’re diversified enough it doesn’t matter the market conditions.

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I wouldn’t bother if the fee is less then $100, it’s a waste of time. If I was a signing service I would be happy if people took the $85-$100 it means less capital and more profit margins.

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I would if I had no direct clients and my other option is $0, lol.
At $85 my gross profit is 80%
At $150 g.p. is 85-90% or higher.

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Ok, so I was searching around and saw one of the NSAs who took Mark Wills SS business training class making $100,000 a month! Wow! That’s my dream! Sky is the limit if you are proactive, persevere, focus and most importantly believe in yourself. So inspiring to see a six-figures NSA, went on to own a $100,000 a month SS business. Amazing!

That’s Robin Schmidt in Colorado, definitely the largest SS owner of our group so far
It’s all there if you’re willing to go get the business consistently. Just takes time and hustle.

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