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I managed to experience an increase in income of 25% for 2007 in spite of the loan industry upset.
The year started out slowly with very few closings during January, February, March and April. In fact, I did not complete one signing in the month of February. For a brief moment, I thought I was going to have to find another part-time source of income. Eventually, when May rolled around, the signing work picked up momentum again.
A portion of the increase in business for me can be attributed to my increased marketing efforts. I purchased a couple of Premium memberships, signed up with an additional 100 or so signing and title companies. My daughter also helped me create a website that brings private notary requests.
Notaries, Escrow, Title and Signing Companies had a few challenges to stay in business in 2007. Many of them did not make the cut and had to close their doors. The non-paying signing companies that did not pay even when the loan market was good will not be missed.
Housing prices are still decreasing and the market is continuing to adjust itself. What will 2008 bring for the Loan industry? Good question ? let?s hope it will bring prosperity and more closings in the coming year.
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