Are You A Good Company To Work For?
This is an informational blog so that you can see what is going on from a Signing Agents point of view with our rapidly changing Mortgage Industry.
I ask this question in light of the companies that are closing their doors and not paying the vendors that worked for them. Or not closing their doors but experiencing cash flow problems and not paying their vendors.
It is an epidemic now and it has led me to be very picky of the company that I work for. My normal sequence of questions asked has now changed to more of an interview with the company that calls me for a closing if they are not one of my regular clients. If I am to stay in a business that I adore, I have to take these precautions.
Everyday there is news about a Signing Company, Title Company, or Lender going out of business and its happening before you can blink your eyelids. All after the fact you did a loan closing for them or for many Signing Agents multiple signings. (Ouch on that one!) And to put icing on the cake, the signings have slowed down considerably.
In our new atmosphere of Mobile Loan Closings I've had to really sit down and think on how am I to stay in business and keep myself safe from the fallout. I have always been real strict on who I work for and am always on the quest to find the companies that I can build a long term relationships with. As for many, this is a career for myself, not a hobby.
It has also led me to "think outside the box" as far as marketing goes. Rethink my strategy on getting clients. Think of other ways to generate income using my resources and skills.
I know it can be done. I know there is an end to all this madness that has hit, and I keep a positive attitude by knowing I can overcome any obstacles that get in the way of the path that I have chosen.
So are you a good company to work for? Or the company that you hire to contract a Signing Agent, are they a good company to work for? If you hire another company to contract Signing Agents for Mobile Loan Closings and you are noticing they are having a problem with either getting the appointments filled and/or problems with getting competent Mobile Loan Closers, you might want to re-evaluate the company on how they are treating the mobile loan closers they hire and how they go about finding the Signing Agents for their databases. Just ask us, we'll be more than happy to tell you what kind of company they are if we know them from experience or from the experience of others.
This is what I have learned from all this:
- I have learned to read and read some more about this industry. Thank you AR!
- I have learned to not take for granted the wonderful relationships that have already been established in the business.
- I have learned I am not the only one and there are others who are experiencing the same. Some worse off than I am.
- I have learned to be a better net-worker with others who are in the same field.
- And finally I have learned the importance of talking to others in the RE World and realize that we all have a common ground and that is we like what we do and want to be the best as we can be at what we do. Ive always thought this was important, but now it has become a priority for me. Again, thank you AR!