@Bobby-CA 
Yes, Iām strategically planning the same! 
It will be excellent time of year (pre-Christmas) to help with those budget-busting gift purchases over the next few months . . . 
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$20K, really? Iām doing a lot of them and havenāt seen costs like that. Iāll pay closer attention.
I see from 18-26 all the time.
Iāll start paying more attention and report back in. 
I have seen the fee for refiās decline over the last three weeks in East Tennessee. Coast 2 Coast started getting a lot of refi orders in this area and dropped the fee to $75. Now other services are doing the same. Before this, in my city refiās started at $85 and anything outside of the city I lived in I was getting between $100 and $120 depending on the page count. The highest refi I have seen in this area was direct from title and it was $200. 99% of them now are $75 whether theyāre local or an hour away. Refiās are now priced the same as a sellers package here. I donāt see how any notaries business can survive at $75 for a refi. With print and travel expense over $20 for an average refi there isnāt enough left to make a sustainable profit.
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All good info but I was thinking about loan fees charged to the borrower in the $20K+ range that johnson was referencing.
I totally agree. This is ridiculous and not meant to be
I think the only time I saw fees close to that was for the newer reverse mortgages - but for a standard refi? Cannot imagine how they itemize $20k in fees.
Itās been steady in Northern California. I share my office with another notary and we go through a ten-ream box of letter paper a week. The toner cartridges must be half empty because we have been going through one XL cartridge every four days. Crushingly expensive because I only buy genuine Brother cartridges, my printers choke on the cheaper cartridges and Brother tech support will not help if you fess up. The request for scans has sky-rocketed and must be included when accepting a fee. A scan means extra time and effort and you cannot ship right after the assignment. Those mixed page length document sets means babysitting each page as it goes through, truly a time-killer.
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Are you signed up with multiple platforms? Iām in West Tennessee and itās been busy the last two months that I canāt keep up.
Yes. Snapdocs, signingorders, Bavcserv, Jot, The Closing Exchange, Mavsign, Signature Closers, and others. Also direct with Title. We have had spurts of higher volume over the summer but the last month or so, has been really slow. I have had 2 buyers packages in the last 6 months. Most of what we have seen is sellers from people moving to Tennessee and refiās. But as I mentioned in another post, there have been a couple of services that have had most of the refiās in the last several weeks and they have reset the feeās to a point that it doesnāt make good business since to even respond to them. Refiās locally and with in an hour drive are now being offered and taken by some notaries at $75 as is, meaning you take it at that price no matter how many pages there are to print. When I did counter with a price that made since for me and a print fee if the package is greater than 150 pages, you never hear from them. There were probaly 5-8 order offers that have gone out through text blast in the last 7 days in this area. The majority of the work I have done has been through signingorders.com.
Understand, itās so unfortunately that others will accept those fees which impacts everyone. I was joking with my sister last week about an order that was 50 miles out and I told her I put $300 as a counteroffer. I had no attention of doing that order and never would have thought they would accept the counteroffer.
Sorry to hear you all are not getting orders in that area. I know I hate to get out when itās cold so Iām getting my RON setup for the winter months.
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It makes me feel sad but blessed to see other say itās slow. Iāve had a SS owner tell me the other day that others tell her itās slow. Iāve been so busy that I recently hired someone to just do the data entry into my CRM. I canāt keep up with the inflow since thereās a good chunk of companies that donāt work with the auto import feature on Notary Gadget. Iāve over booked myself several times in the last 2 months.
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When this silly shutdown is resolved and the effects of the recent interest rate adjustment kick in, Iām gonna be busier than a cowās tail in fly season. If business is slow for some notaries, it must be a regional thing. Iād be interested in reading what other notaries have concluded about slow biz.
Now keep in mind that upmuntil late August I didnāt do loan signings full time. I was watching my grandsons a lot. They started school this year but Iāll say last month was my busiest ever. I was a little disappointed last week with EOM but itās not like it was non existent. Like I said, I was busy watching grandsons the last 5 years but I also donāt remember turning down nearly the amount I did and still turned down a lot. I am noticing lower rates a bit and even more buying down to low 5. Iām also seeing an uptick in divorce refinance and assumptions though.
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Yeah, last week was a āone-offā probably because Halloweāen was on Friday and people planned on being otherwise occupied. Iām anticipating a heavy week ahead. Iām seeing a switch from the large number of buys and sells (most in Arizona, by the way) to 90% refinances. Iām tracking 2% drops in rates being gobbled up by homeowners. Sideliners, Iām guessing, will start applying for loans as rates continue to drop and Iāll get even busier.
I can handle up to 5 or six deals a day if timed right. Itās a regional thing, though. Population density is high in Southern California and everybody here moves a lot.
I think you may be right. Saturday being the first, brought me 2 refinance to start the month off right. So many are buying down right now and Iāve seen I think two couples this year that I saw a year or two ago refinancing again to get the lower rates they got stuck with prior.
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