|02-07-2008, 03:25 PM||#1 (permalink)|
Join Date: Apr 2007
Anyone Else Thought of This??
I just recently sent off the necessary application and payment (a whopping $10) , to become a Notary. I was wondering if anyone else is a notary.
What I am really interested in is becoming a Loan Signing Agent, which is basically a notary which notarizes mortgage and other loan documents. Their typical commission from what I have read is $50 to $125 OR MORE per signing! A typical closing lasts two hours.
I intend on taking the Loan Signing Agent course through the National Notary Association. I am also intending to get membership thru the NNA and the NSA, because it includes free advertising thru them and access to a list of thousands of signing companies. I have got the list of the signing companies already, I just need to wait and take the course first to become a notary signing agent.
Anyone else ever considered this or anyone else already a notary or signing agent or both? If so I could really use your advice!
|02-07-2008, 06:18 PM||#2 (permalink)|
Join Date: Nov 2006
Location: Central MD
For every house that I have ever bought or sold, the signing agent / notary was also either the lawyer, or the bank loan officer. There was no singular notary or signing agent. Most real estate firms have the front desk secretary get their notary license as well.
|02-07-2008, 07:27 PM||#3 (permalink)|
Join Date: Nov 2006
Yup, every bank and realtor has a notary on hand, and most buyers have access to one through their own work as well. The only free-lancers who are in demand are the ones who are the am-notary-will-travel types, available to drive to your office at a moment's notice. (You get paid mileage for doing that.)
Plus, be aware that you will be held personally liable if you make an error, so don't make any errors! Also, if you are a notary public, you can get in trouble if someone asks you to notarize something and you refuse without a very good reason (that's the "public" part). The obligation can be kind of a pain in the butt, especially if it's more complicated than a simple acknowledgement.
|02-11-2008, 04:48 PM||#4 (permalink)|
Join Date: Feb 2008
Notary Signing Agent
I have been a Notary Signing Agent for the last 3 years. Some of the information in the other posts is partially correct. This is an interesting business, and if you go through the NNA, they will do some advertising but you will normally get paid $40-$50 per appointment. You also have to have a printer that can handle large amounts of paper, and it is helpful if it can print letter and legal size.
Being a Signing Agent is great for someone that is part time and doesn't need a full time income. It is also difficult to schedule, normally you will get a call from a Signing Service or a Title/Escrow company asking if you can take a signing at 6 this evening. If you are available that's great, say 'yes'. But if it's the same day you also have to account for the fact that they will be sending you the documents electronically. You have to have them properly printed and ready to walk out the door and be at your appt. by 6:00.
You also need to be familiar with your driving area. Sometimes I get stuck by accepting an appointment that is further out than I should go for the $50. You also end up with appointments ranging in time from 8:00 am to 11:00 pm.
Also consider how you feel going into a strangers home in the evenings. It is just you and the borrower or borrowers. Most of the time it's fine, and just a friendly visit. But on occasion it can be very uncomfortable. Maybe you and a single male in an outlying area where you have no phone reception. I was in a home a month ago where there was garbage everywhere, no place to sit and the smell was horrible. The gentleman sat in a chair with the paperwork on a clipboard while I stood over his shoulder indicating where he needed to sign. I watched strings of ants marching towards my feet as I tried not to step on the gooey mass of some former food in various places on the floor.
I have a short article from when I first began as a Mobile Notary Signing Agent on Associated Content if anyone is interested: Kris McLeod's Content Producer Page - Associated Content
If you are interested in signing up for Associated Content as a writer, please use my referral link! http://www.associatedcontent.com/join.html?refer=11408
|02-11-2008, 11:46 PM||#5 (permalink)|
Join Date: Feb 2008
Location: United States
If you are interested in signing up for Associated Content as a writer, please use my referral link! http://www.associatedcontent.com/join.html?refer=11408[/QUOTE]
Wish I would've known, I would've used your referral link to sign up. Got any more things like it? Thank you. Lenie, NC
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