Sudden Decrease in Business - Job Board Help

Hello!

I’m still pretty new to all of this and am gaining work primarily from SnapDocs and SigningOnline. I have been grateful for the work and experience but last week I had to take off because family was visiting and I had to say ‘no’ to some signings. Suddenly, I am not getting any job opportunities. I contacted both job boards and they simply said that nothing is wrong with my profile or anything like that.

Is there a way I can get back on the radar with these companies again? Did I say ‘no’ too many times and now these companies don’t want to offer me work any longer?

I was getting a lot of offers from C2C and Premium Closings.

What’s your advice?

Thanks!

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It probably isn’t anything you did, signing / the real estate business just goes through ebbs and flows at different times of the year and different times of the month. Check out this video that I did about the subject:

Why is Signing Agent Business Slow

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Okay, FIRST of all, I love your videos and they have been so helpful in breaking into this industry.
Second- thank you, I will be sure to watch!

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I am in the Phoenix area of AZ and I hardly received any offers. I have not refused any but I have counter offered super low offers and offers that were further away than my area. I have only received 1 signing (which was my very1st signing ever) last night from NotaryGo. I only received 1 offer from Snapdocs since I signed up in early February, and as I stated in a previous message, it was 15 min before the appt time. I was told by NotaryGo that they haven’t received many assignments in my area as of lately. They said that it usually picks up toward the end of the month, I hope they are right.

Hm, that makes sense. Thank you!

I don’t know if your response was to me or not, but if it was you are quite welcome :smiley: I really do hope that it picks up really soon!

I forgot to mention your name, I’m very sorry bennashnett.

@valerie_cantua I didn’t realize it didn’t respond directly to the message so apologies for now directly responding.

I was saying thank you to you and good luck! I’m in WA state and it looks like I’m finally starting to get more offers in :slight_smile:

Hi @valerie_cantua, The same here in Southeastern VA; very slow. I am receiving offers but, the amounts are awfully low ($70 for a 200 pages with full set copies). $70 in this respect is free labor. I have countered but the SS do not respond. I am hoping things will pick up as well.

I’ve been hearing that notary biz is just slow during the springtime. Plus the interest rates just went up in my area.

Business goes up and down. Been like that for 40 years.

Bennashnett:
I must be blessed as I have literally more business than I can do. There are ways to increase you opportunities and pretty much it involves putting yourself out there. Think meet-n-greets, Chamber functions, job boards. Include, literally knocking on title company doors. Having said that, we will make more working from title companies directly, instead of using signing services like SnapDocs. Signing services are convenient for us but they take a cut. I do not feel you did anything wrong: I don’t feel you catapulted yourself to the head of the “Says No Too Many Times” list, if that even exists. As for busier towards the end of the month, sure. Take the last business day of the month, go backwards three days for the rescission period, and those few days before that are insanely busy: “they” need business to close before the end of the month. Period. If you put yourself on 100 to 150 signing service lists, you will always be busy but remember, more money comes when you partner, face-to-face, with title companies.

Thank you! And man I am trying to get in there with the title companies. I printed out 55+ copies of my credentials with a intro letter for each escrow officer in my area and delivered them personally. Plus I’ve been calling every couple of weeks. Do you have any advice on how else to get connected with them for work?

I’ve noticed a sharp decline in business in Central Texas. I’ve talked with several of my Texas colleagues who have reported similar conditions. Here are my observations:

I’m getting fewer requests, lower fee offerings, along with the message not to make a counter offer. As such I’ve reduced my travel range to make up for lower fees.

I have had closing requests from traditional low ballers that I’ve regularly declined over the past year. These to have gone silent.

Interest rates have clicked up a bit, but not what I think would cause a sharp drop.

I’ve thought the contested election may have had borrowers pushing to close before the administration change. Now that the election is over we should start to see an uptick in business, if the election was a contributing factor.

The Texas Big Freeze may also have borrowers redirecting their focus on repairs and recovery, instead of Real Estate closings. This applies to the Texas Market.

There maybe a surge in Signing Agents entering the market. Too many have been sold on the idea that the LSA business is a get rich quick scheme. Along with the Newbies (no pun intended) taking on low ball offers to gain experience may also be driving down both fees and engagements. Simple Supply / Demand economics.

For the Newbies entering this business, you’ll learn as much taking on full priced fees as you will taking on low ball offers. Remember, the signing fee doesn’t change due to your experience. This is one business you can’t charge more for as you gain experience. If you try to charge too much, the engaging company will find a less expensive signing agent.

All for now
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Thank you exeternotary and everyone else who has responded and put in their comments, it is very helpful!