Rhonda has a post over at her Blog regarding the low interest rate environment that prevails today. Rates under 5% are hard to believe even for very seasoned agents, loan officers and those in the title and escrow profession.
The last three weeks have been remarkable and quite frankly Lynlee and I, and I presume many others in lending and title/escrow business, have had little time to breath under the refinance work that came in during December and the Holiday Season. I’m not complaining about work but, only speaking for myself, it was an incredibly difficult (and continues) period because 2008 was the Christmas that really never was. It is the downside of being in the escrow business. Your time.
Lynlee and I worked numerous nights into the wee hours at the office. On the 23rd, we worked until nearly midnight to get funding packages ready for overnight delivery to lenders after a full day work and scrambled for loan officers and agents to get borrowers signed from Tacoma to Bellevue to Everett. Oh, did I mention the snow? It wreaked havoc on FedEx and UPS overnight deliveries for payoff checks and loan documents to lenders all across the country. Some documents are seemingly lost forever, others just arriving this week.
I had to chain up for days to get to get out of my driveway and the hill I live on to get to the office, only to take them off once on the freeways, only to put them back on to get to clients homes in the hills of Bellevue and Tacoma and beyond.
The stories are plentiful of owners of other businesses such as mortgage brokers and title offices who had to pick up staff such as underwriters, processors, funders among others to get them into the office to work on transactions so that loan officer and agents transactions closed on time.
One late evening on my way home I dropped off documents and closing Settlement Statements to a local lender, only to peer into the lower level windows and see funding staff working on files while it snowed hard outside. Glanced at my watch…9pm. Didn’t we receive funding conditions from these gals via e-mail at what time???? Oh yes, it was 5:30 AM ! Still there at 9pm.
Who is going to say “thank you,” to those two ladies and all the others that work behind the scenes to make your transactions go without a hitch, while sacrificing time lost with family during the Holidays.
I did. How about you?
To all the Title Officers, escrow officers, processors (big thanks to them), underwriters (unbelievably slammed), funding depts. and other support staff—those who are never in the limelight, don’t have sales awards or other platitudes adoring their offices, but come with their work ethic, lunch pail and get the job done, all the while wondering about the economy, how prior co-workers are coping with layoffs etc.. ……………..you deserve a great big “Thanks.”
– Tim & Lynlee, Legacy Escrow