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 Business has dropped off a cliff		  New Topic  Reply to Topic
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theinsurancelady

Washington
38 Posts
Posted - 06/05/2009 :  2:10:53 PM  Show Profile  Visit theinsurancelady's Homepage  Reply with Quote
With interest rates at their lowest rate in over 30 years, I had steady calls last quarter. Now that they are creeping back up, I expect a decline in calls.
It is possible that you have new competition in your area. I believe I have new competition that is under-cutting my rate.
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vince

Kansas
324 Posts
Posted - 05/27/2009 :  06:37:49 AM  Show Profile  Visit vince's Homepage  Reply with Quote
They must have advertised more heavily here. It’s been very busy and many “newer” title companies coming out of the woodwork. Most of the newer ones pay off the HUD, so payment is typically reasonable and quick.
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Renee

Michigan
549 Posts
Posted - 05/26/2009 :  4:54:24 PM  Show Profile  Visit Renee's Homepage  Reply with Quote
I have no explanation for it but we've been busy here to the point of ridiculous - more than back in 2005 even. Not just me, either - but others in my area as well. It always seems to go that way though - feast for one area and famine in another.

Despite the average predicaments out there, what I'm personally seeing are primarily 'high-end' refi's - those with stellar credit, mostly doing rate/term, sometimes with cash to make up for lost equity.
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mrmees

Wisconsin
14 Posts
Posted - 05/26/2009 :  4:22:48 PM  Show Profile  Reply with Quote
Just curious. I'm a mobile notary in eastern Wisconsin. Calls have dried up to a trickle. Is anyone else noticing a significant drop in calls during the past month in other parts of the country?
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