Notary Signing Agent
20 Questions & Answers
We have assembled a group of the most commonly asked questions concerning the Notary Loan Signing Business. We hope that these questions and answers will help you in making a decision purchasing the Notary Riches course and pursuing a career in this lucrative field.
1. What is a notary signing agent?
A notary signing agent is a notary public who specializes
in handling and notarizing loan papers.
2. Will I need a license to become a Notary Signing Agent?
You will not need a license but you will need to become a notary in the state where you reside.
3. What do I need to do to become a Notary?
The requirements for becoming a Notary vary from state to state. The information is most generally available through the Secretary of States office in the state where you live. Try going to their website.
4. Will I be required to take a test to become a Notary?
Here again, that depends on the requirements of your state of residence.
5. What does the notary signing agent course consists of?
The course gives you all of the information you need to transition from being a Notary to becoming a Notary Signing Agent. It also shows you how and where to find business.
6. As a notary public what are the benefits in becoming a notary signing agent?
As a notary public you will realize increased earnings as a Notary Signing Agent.
7. How much income can I make as a Notary Signing Agent?
Your income will depend on how hard and how much you will be willing to work. Having said that, you can make up to $5,000 per month and more. This income is also dependent on the level of Real Estate activity in your geographical area and the amount of competition from other notaries.
8. How can I earn $5,000 per month? In my state a Notary can only charge $2.00 per signature. I would have to notarize documents 24/7 in order to make $5,000.
Fortunately, you will not have to work 24/7. As a NSA you are paid for the rendering of services beyond the notarization of documents. These services include;
This information and more is in the book, Notary Riches.
9. How much can I charge as a notary signing agent?
Usually, notary agents working for loan signing companies receive $50 or more per loan package signed. If working directly with mortgage lenders, title and escrow companies, they receive from $75 to $150 for each loan package signed. These figures can increase depending on the level of service you provide.
10. How long will it take me to become a notary signing agent?
The answer to that question is dependent on the amount of time you can dedicate to studying the material. If you are currently a Notary it will take you less time to start earning an increased income.
11. I am not a notary public. Can I take the notary signing agent course?
Yes, you can take the course, but in order to work as a notary signing agent you must be a notary public.
12. What are the start-up costs associated with this business?
When you consider the costs of starting a business today, the initial investment is small. One of the major requirements is a computer and a FAX machine. Of course there are others like office supplies, but they are all explained in the Notary Riches course.
13. How will I find work as a Notary Signing Agent?
As a part of the Notary Riches course we will point you in the right direction to get started in this business. We will provide you with a list of over 200 companies, with e-mail addresses, websites and fax numbers. Once you have contacted this list you will be on your way!
14. Are there any other methods of marketing myself/my business?
Yes! There are many. You can have a simple website designed to promote your business. For a fee you can also register with a number of directories. Some out of the area lenders, signing companies and title companies routinely use these directories when they are seeking the services of a Notary Signing Agent. There are six or eight directories that are well worth their fees. A list of these directories is available in the Notary Riches course.
15. What skills are needed to become a success in this business?
People skills, organization and persistence are necessary. If you are armed with these three attributes, success will happen!
16. Can I do this on a part time basis?
In this business you can set your own hours because you are the boss. Actually, you can determine how hard you wish to work depending on your financial goals and needs. This would be an ideal way for a non-working mom could earn money. It would be ideal for a grad student looking for part-time income. The Notary Signing Business would be a good fit for people in many different situations and levels of need.
17. Do the lenders require prior experience?
Having experience is preferable to the alternative of having none. Many signing companies do not inquire about your level of experience. Some do! When you have gotten a few signings “under your belt” then make sure that you utilize that experience. When companies wanted to know about experience I used my Real Estate sales and Management background. As a Realtor I was familiar with closing documents and all of the documents that were a part of the loan process. Use whatever related background that you can draw upon.
18. Will I be considered an employee of the companies I do work for or an Independent Contractor?
You will be considered an Independent Contractor. Many companies will have you sign an agreement to that effect. You will have to pay your own taxes but there is a part of your income which is non-taxable and this could be a significant amount.
19. So, I’m an Independent Contractor! Who can I turn to if I run into problems? I mean, receive a set of documents and I find a document which I am unfamiliar with that needs notarizing. What can I do?
There are resources that you can draw on. You probably don’t want to call the lender or the title company if it is your first signing with them. However, they would prefer a call rather than have you make an error requiring the documents to be re-drawn and signed again. There is one association that you can join and they have staff on hand to answer your questions. There is a membership fee but the benefits of membership far outweigh the price of joining.
20. What are you waiting for? The future awaits you. Most, if not all of your questions should have been answered by now. Take the next step and go to our Marketing/Order page and go for it.