Is anyone busy?

[PhillyNJ]

Since these waivers have become more normal…my work has slowed to a crawl. I get very limited conventional orders.

Other work has remained the same as before. Is that what others are seeing?

Each of the past few months have become slower, right now is the slowest I’ve ever been.

 

[Vermonter]

Oddly yes, but believe it's an anomaly. November would've been an average month, but every order was cancelled within 24 hours. December is historically slow for me but had ZERO lending requests. Not even an inquiry email.

Private work has kept me going, but not optimistic about the lending side

 

[J Grant]

I am busy for the past 5 weeks, but it is erratic - a spurt of busyness, then slow - I hope things pick up for you! Of course, Waivers affect us - the Latest GSE study shows Waivers are 18% of volume -

Would the folks who green-lighted Waivers have done so if it meant their own income was reduced by 18% ?

 

[norapp]

No work since week before Christmas.

 

[PhillyNJ]

Oddly yes, but believe it's an anomaly. November would've been an average month, but every order was cancelled within 24 hours. December is historically slow for me but had ZERO lending requests. Not even an inquiry email.

Private work has kept me going, but not optimistic about the lending side

Yeah…something is going on with the lending

 

[PhillyNJ]

I am busy for the past 5 weeks, but it is erratic - a spurt of busyness, then slow - I hope things pick up for you! Of course, Waivers affect us - the Latest GSE study shows Waivers are 18% of volume -

Would the folks who green-lighted Waivers have done so if it meant their own income was reduced by 18% ?

If those stats were correct, it should reflect in the work. I’m not missing 18%…I’m missing like 90% of the conventional orders.

 

[J Grant]

If those stats were correct, it should reflect in the work. I’m not missing 18%…I’m missing like 90% of the conventional orders.

Who knows if their stats are correct - personally, I believe Waivers/value acceptance is 30% range based on my own comparisons of volume fwiw.-

90% sounds high -perhaps it is time to market for new clients. Have you contacted any of your existing clients and asked why their orders are down

 

[PhillyNJ]

Who knows if their stats are correct - personally, I believe Waivers/value acceptance is 30% range based on my own comparisons of volume fwiw.-

90% sounds high -perhaps it is time to market for new clients. Have you contacted any of your existing clients and asked why their orders are down

Well…everything coincides with the dates the waivers have been allowed or LTV changed. You could see it happening over the previous year or so.

It’s a much greater percentage than 18%. As we lose orders, it’ll be necessary to gain a few more clients. That’ll be what this year is about.

 

[Zoe]

Well…everything coincides with the dates the waivers have been allowed or LTV changed. You could see it happening over the previous year or so.

It’s a much greater percentage than 18%. As we lose orders, it’ll be necessary to gain a few more clients. That’ll be what this year is about.

With these new forms you may get more. They will be crying appraiser shortage. Remember?

 

[Zoe]

The other strange part is this woman looked stark white in picture I saw on TV. I don't think illegal immigrant was in the picture. Just grab her license plate number and go get a car and follow her or track her down later. Plus they can use radio. She is headed north/south/east/west. We are in pursuit. Please help secure her.

She has children that don't have a mother this morning.