Hi aadilmerchant,
I'm sorry to hear that Test Day didn't go as well as planned. When these types of score drops occur, the two likely "causes" involve either something that was unrealistic during practice or something that was surprising (or not accounted for) on Test Day. It's interesting that you Scored at the same general level 2 years after taking your first Official GMAT; the format of the Exam has changed during that time, so it's likely that you have developed some 'bad habits' during all of your prior studies that are keeping you from scoring higher on the Official GMAT (and will take time to fix - meaning that you will have to train to replace those bad habits with new 'good habits'). Before we discuss any of those potential issues though, it would help if you could provide a bit more information on how you've been studying and your goals:
1) On what dates did you take EACH of your CATs/mocks and how did you score on EACH (including the Quant and Verbal Scaled Scores for EACH)?
2) What is your overall goal score?
3) When are you planning to retake the GMAT?
4) What Schools are you planning to apply to?
5) What are the exact application deadlines that you are facing?
You might also choose to purchase the Enhanced Score Report. While the ESR doesn’t provide a lot of information, there are usually a few data points that we can use to define what went wrong on Test Day (and what you should work on to score higher). If you purchase the ESR, then I'll be happy to analyze it for you.
GMAT assassins aren't born, they're made,
Rich