Loan signing orders seem to be on the rise in my area, and I’m receiving great fees. This trend makes me think people are prepping for the uncertainty in the economy. Maybe they’re planning to pay off credit card debt or pull out equity for a backup plan. Or maybe they’re seeking out other possibilities they’re getting the money for. Whatever their reasons, I’m happy to be a loan signing agent at a time like this. What are your thoughts?
I am seeing a lot of HELOC. So some people are hanging onto their 3% mortgage and getting a HELOC to pay off debt instead of refinancing the whole whack at 8%. For people who haven’t financed their properties right up to the hilt it seems HELOC has become very popular. There is an uptick with VA loans in my area.
March had more volume than the three months previous. In this area active signing agents seems to be down but that’s hard to say. It could be they are just not covering the area I cover.
The key in my region seems to be to have a good understanding of where the fees are going to fall. I think on average they remain fairly low. Offers vary as far as volume. Snapdocs is very quiet. signingorder is very quiet. Used to be by 8am I’d have seen 3 or 4 offers come through. That hasn’t been happening lately.
I’m staying fairly consistent. I’d like to see a big interest rate drop. Not sure that will happen.
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percent with the excerpt noted above!
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Hello All,
I apologize for accidentally clicking “3 hours” instead of “3 months” when setting the parameters of this topic. Things are back to normal again.
Thanks,
NC_Mike
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I am feeling an uptick in my area. However, not sure if it’s because I earned my wings or the economy as I am in my 8th month of doing this. 
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