Here we are now at the end of May in one of the sharpest downturns in history.
I ask where are the “6 figure” hounds now? Or the multi figure 1099s?
Please STOP! with I did this many in one day.
Its like saying I cleared out 3 acres of land by myself in 1 DAY!!..Great! No really GREAT!
What your leaving out. Is that you slept and ached for the next 3 days.
In layman’s terms, stop sharing MAXIMUMs, and start sharing averages.
What about me? On that’s easy, last winter I did 7 in one day. I also travelled 320 miles. My first signing was at 8.30 am (which I had to leave the house at 6am.) And lastly I pulled into my driveway at 11.30pm. The only reason I went in the next day was to ship. And went right back home.
17.30 hours, sustainable?
I give nothing less than the utmost respect to those that do that many in a day. For me personally I draw the line at 4. I refuse to burn myself out for any price. But again!!! RESPECT
There was once a well known NSA trainer who bragged that one of her students pulled in a large 6 figure income during their first year. The NSA trainer latter admitted that her student’s NSA income was only a fraction of her total income.
I state this as an example of a lack of transparency on the part of the Success Bombers. When the majority of NSAs are struggling while a few are succeeding beyond, several things come to mind. First, is this person being honest and transparent? Most NSAs are working for multiple agencies (TCs, Lenders, SS). When someone is bragging about their success while showing you a single 1099 with 6 figure revenue, raises my eyebrow when the majority are receiving multiple 1099s. You’ll also notice that the bragger often redacts their name and location making it impossible to see if the 1099 is actually theirs.
Some states have different regulations when it comes to loan closings. In States like Texas [mine] the threshold for becoming a notary are low. In Texas if you have a clean criminal record and can fog a mirror you can be a notary. Other states have much more restrictive requirements. Some of these states require an Attorney, Title Originator, Escrow Agent, etc., to close a loan. These restrictions limit the supply of signing agents raising the cost of a closing.
There’s also a collection of individuals who posses a need to brag that’s motivated by a Psycho-Emotional dynamic. These individuals have a deep need to present them selves as something they’re not. The root motivation for these individuals is beyond the scope of my expertise. I sometimes encountered these folks during my tenure as a Financial Crimes Investigator, where I relied on the expertise of profilers. While these individuals may be using deception, fortunately they are seldom involved in nefarious activities.
Those who are relying on hope that things will soon return to what’s happened over the last 2 years will likely be disappointed. We’re already seeing lenders cutting loose of their Loan Processing staff. There are signing services who are shutting down with the big one laying off staff. These are indicators that the market is slowing down.
They are trying to explain to their spouses why buying all those goodies last year made perfect sense, then. Now, they’re living on credit cards and drinkin’ Bubble-Up.
As you & I both already know, there are multiple Notary Cafe members (at least 3 who regularly post) who endeavor to present themselves as “just an NSA,” but who are SIGNING SERVICE OWNERS who ALSO (intermittently, or otherwise) provide NSA services . . .
There is nothing “wrong” with being a SS owner & posting publicly on the Notary Cafe forum, just DISCLOSE the information [that you’re an SS owner & a CNSA] so the “audience” is cognizant of the biases . . . especially if the information presented is as-if they’re “just” a CNSA. TIA
As I have regularly stated, it’s ALWAYS best to check the SOURCE of the information, their credentials, and what they potentially stand to gain by avoiding Full Disclosure . . .
(CA) Seems to me that you own a signing service (good for you) through which you “skim” off the cherry jobs that keep you full time busy. No law against that. But you tend to imply that you’re doing so well personally when others are struggling because you have some magic formula that we lesser types haven’t figured out yet,
I wish you all the success you deserve. But you’re not foolin’ me. I’ll bet your numbers are way down and you’re fortunate that you can still make a nice living the way you structured your business. Just don’t look down your nose because the rest of the notaries out there can’t be like you.
There is no magic. Networking and walking into title offices weekly isn’t magic.
It’s simple, but most won’t do it.
If you don’t market yourself and you have little business, look in the mirror.
Don’t think because you can’t do something, that someone else can’t. Totally illogical.
My signing service is small, it does about 150-200 appts a month, so it has nowhere to go but up, lol.
Oh, Dragon, so often you seem to miss the point. If 150-200 deals come in monthly and you take most of them, that’s how you personally do so well. Gee whiz, I too, would take all of those I could get to make a buck in this environment. You have a built-in pipeline with your signing service and you are to be commended. But, it’s a stretch to say that it’s your networking/marketing/title office visits that does the trick IMO. The business just isn’t there so much anymore. You’re apparently not having to “fight” for the jobs like the rest of us who don’t own a signing service. Nobody is making “six figures” unless they have a set up like yours. That’s what I’m driving at.
First there are plenty of LSAs who don’t have an SS and do 6-figures. I was just around hundreds of them at our annual conference this weekend.
You’re missing the point, I, myself, through my efforts of marketing every week for the last 2 years have created and nurtured those relationships. It can and does get done every day. Those of us at networking events make it happen, instead of crying in our beer at home.
Is it harder now, than 2 years ago, of course it is.
Are loans still closing, of course they are. Ppl got lazy in the last 2 years answering text messages instead of building direct relationships.
I fill my calendar with about 60-70 appts a month personally and everything I can’t fit goes to the SS. It’s a good setup because I created those 200-250 opportunities every month through my efforts consistently. Which I still do, bc I don’t take my business for granted.
If I were you, the first thing I’d do when I got up in the morning is sing God Bless America. You are quite the entrepreneur.
I rest my case, your honor.
cool