Which Notary Public Loan Signing Agent Certification Should You Get First: NNA or Loan Signing System?
I'm frequently asked, “I know I need to take your certification and the NNA's but what which one do I need to take first?”
The answer depends if you're a beginning loan signing agent or not.
I'm always asked, “Mark, what’s the one tip you can give a signing agent that will significantly grow their loan signing business?”
And it's funny, my biggest tip I can give to grow your signing agent business has nothing to do specifically with being a signing agent at all.
My one tip for you to grow your signing agent business is to show gratitude.
If you are looking to try to get more notary public loan signing agent jobs, read this blog!
I’m constantly emailed this comment from loan signing agents looking at getting business From mortgage professionals., “Mark, I've dropped off business cards at numerous escrow and title companies and mortgage broker and real estate offices, and I spend a ton of money on marketing materials, but never get a phone call back to get more loan signing jobs. Can you help me please?”
I am frequently asked how come loan signing agents make anywhere between $75 and $200 per appointment.
This is a multi-faceted answered, so allow me to answer it as succinctly as I can.
But first, if you're unaware of what a loan signing agent is, here's the answer:
I'm constantly asked by people looking to go full time, “Mark, can you really make $100,000 a year as a notary loan signing agent? And if so, how is it possible?”
First and foremost. Yes, yes and yes!! 100%.
So let's break it down.
First, let’s talk about how you get there mathematically. If we use the industry average of $150 per signing. $100,000 divided by $150 signing fee equals 667 signings you need to accomplish in one calendar year. Or more specifically you need to do about 13 signings a week.
Yes, to make six figures as a signing agent you need to do only 13 signings a week.
I’m frequently asked, “Mark, what forms of IDs can be used for a loan signing? What if an ID is expired? And what about using credible identifying witnesses?”
Well, the answer varies on a few factors.
First and foremost, be sure to have knowledge of your state’s notarial laws around acceptable forms of IDs.
But, whatever your state may allow you to identify a borrower may NOT be accepted with what a lender would allow.
I'm frequently asked, "What is exactly is a signing service? And what is the difference between a signing service and signing agent database?"
Errors and Omissions Insurance, also known and E&O Insurance, is liability coverage that is created to protect the signing agent’s personal and professional assets if a mistake is made during the notarial process that causes the client to suffer financial loss.
About the Author
Mark has been an active professional loan signing agent for nearly 15 years. He owns a loan signing service that does thousands of signings a year. He is the course instructor of the top rated Loan Signing System agent training course.