I hope everyone had a wonderful Easter weekend and hopefully had some good, quality family time!
Last week was really strange. I have definitely noticed more calls for closings during the month (and not just at month end) so that means Lenders are getting busier with the lower rate boom we had a couple of weeks ago. Just as predicted! That's GREAT news!
What I've also noticed is the Lenders seem to be understaffed because I haven't seen so many last minute cancellations or receipt of docs since I started my mobile notary business 2 and a half years ago. I had 4 cancellations last week alone. 4 our of 12 appointments! I haven't had that many in a year. I also had 2 sets of docs arrive at the literal last second and it was a mad dash to make it to closing on time.
To say I was flustered is an understatement. So I started asking my trusted Title and Lender friends and they all agreed - there are too many loans and not enough people-power to get them done on time.
It's a good problem to have, I suppose. It's also another way this business has taught me to roll with the punches and exercise patience. Being flexible is an asset to our business partners who are working furiously to get loans approved and out to the customer on time. So if you're experiencing the same issues, take a deep breath and remember it's better to have too many loans to close then not enough!