The End-of-Month push is here...right where it used to be!

Services for Real Estate Pros with "A Quick Note" Tennessee! Expires May 16, 2023

     Another sign [for me] that the refinance business is geting back on track, is the unmistakeable hurry-up-and-wait for loan documents being produced by lenders at the end of the month.  Both Escrow personnel and Notary Signing Agents receive documents late, after anticipating them all day and just in the nick of time.  These time-sensitive refinance documents must be signed allowing for a three-day right-to-cancel and one additional day for funding and recording of the deal at the end of the month.  On the last two or three business days approaching this final window, escrow officers and notaries alike are bombarded with "must-sign-today" requests from lenders and mortgage brokers all wanting their deal to be inked immediately if not sooner.

     Funny, how I used to complain about this process and bemoan the last minute crunch.  Today, I'm just so happy it is here that I've forgotten to be angry that brokers don't get hot behind their deals sometime earlier in the month.  Today I vow never to gripe again at the end-of-month crunch and merely accept with grateful, open arms all the work I can possibly squeeze into these few days.

     If I forget...please just smack me!

"A Quick Note"

Comments (6)

Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

I agree.  Things may appear to be slow, but just try to get some paperwork done at the end of the month.  |Lawyers, lenders, and banks are all having trouble meeting deadlines in a timely manner right now.

Mar 23, 2009 08:43 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

I agree with you it seems like everyone is trying to meet deadlines.

Mar 23, 2009 10:00 AM
Shannon Ziccardi
"A Quick Note" Tennessee! - Clarksville, TN
"A Quick Note" Mobile Notary Tennessee!

Yep! Here's a related topic post along the same lines:

Mar 23, 2009 10:18 AM
Denise OnullDell
Santa Clarita Mobile Notary - Santa Clarita, CA
Mobile Notary Public/Real Estate Agent

HI Shannon - I've been super busy for months now with purchases and refinances in my area.  This is the busiest I've been in the 6 years I've been a Signing Agent.  I have no complaints whatsoever.  All I can say is "You have to get it while the getting's good."

I am so very grateful just to be working because I know there are others not as fortunate.  I love my job!  I wish I had become a notary 20 years ago.


Mar 23, 2009 07:34 PM
Joan Bergstrom
Joan Bergstrom Mobile Notary - Riverside, CA
Mobile Notary, Riverside CA

I think we are going to be very busy as notary/loan-signers in 2009-2010.

 The one big problem I see for us in the mortgage industry is so many people were laid off in 2008 that the mortgage industry doesn't have the personnel to handle the loan volume in the near future.

Mar 24, 2009 03:27 PM
Jeff Lefkof, LTP
JL Real Estate Settlements, LLC - Rockville, MD
JL Real Estate Settlements, LLC

The first 6 months of 2009 have been very busy for me as well.  Now, I have to turn down loan closings due to overlapping appointments in the middle of the month, not just the end of the month crunch anymore.  Of course, I try to secure the closing by attempting to have the title company or SS change the appointment time to possibly fit it into my schedule.

Jun 11, 2009 12:31 PM