Calling part-time work “part-time work” is so 2016! Part-time work that you do around your full-time job is now fondly known as a side hustle!
In fact Entrepreneur magazine defines side hustle as:
"A way to make some extra cash that allows you the flexibility to pursue what you’re most interested in"
It is also defined as, "to move or act energetically or rapidly"
No one is sure who coined the phrase but it sure is an appropriate phrase, in my opinion. The definition of hustle is “to move or act energetically or rapidly” - and anyone who is working two jobs is hustling.
And needless to say, we have always felt that being a loan signing agent is the best side hustle in America! In fact, here are 9 reasons why we believe it's the best side hustle!
We are proud to say that we were featured on the premier podcast dedicated to showcasing America's best part time...excuse me, I mean best side hustle!
This week’s Side Hustle Nation’s episode was on the Loan Signing System!
SnapDocs is one of the biggest and fastest-growing notary public loan signing agent databases. If you are getting loan signings from signing services, you could benefit greatly by being on the SnapDocs platform and posting your Loan Signing System agent certification.
Luckily, you can easily showcase your Loan Signing System certification and demonstrate that you’ve taken the most comprehensive loan signing agent course.
To post your Loan Signing System certification to snapdocs.com, follow these steps:
The more complete your SnapDocs profile is, the more signings you'll get.
I had a chance to chat with the SnapDocs CEO, Aaron King, and the platform is focused on having loan signing agents who can demonstrate that they can perform a perfect loan signing. The key is to get your first few loan signings under your belt and prove that you can walk a borrower through loan docs without missing any signatures or making any mistakes. The more perfect loan signings you do on the platform, the higher likelihood you'll get more loan signings in the future.
So be sure that you fill out your profile and start getting loan signing assignments!
The Loan Signing System is a complete, step-by-step online video course that teaches you how to become an expert loan signing agent. Learn how to use your notary public commission to make $75 to $200 per loan signing appointment working part-time on your own schedule.
Click the button below to get started learning today!
I'm frequently asked by loan signing agents, "Should I adopt a pricing strategy for my loan signing business?"
There’s a lot of information about having a comprehensive notary signing agent fee strategy. Some resources and blogs tell you to set different fees based on signing time, driving time, printing time, number of pages printed, number of people signing, and even what time of the month it is (later in the month is usually busier).
If you're a real estate agent, you have the ability to create a huge additional income stream by becoming a notary public loan signing agent.
Because you have the easiest transition into the loan signing business. And since you're already in the industry, learning how to do a loan signing is easy and seamless.
But even more importantly, you have easy access to the two people who have the most loan signings to give you: escrow and mortgage officers!
Allow me to explain.
As a real estate agent, you are at the top of the food chain because everyone in the industry wants to win YOUR business.
Think about it, at every real estate networking event, the real estate agent is the prize attendee. Whether it’s a home contractor, real estate attorney, or insurance agent, ears perk up when they find out you’re a real estate agent. But there are specifically two people that are dying to meet you and can also give you loan signing business immediately: loan officers and escrow officers.
Why do they want to meet you so badly? Because:
It's knowing these facts and learning how to leverage them that will allow you to get the signings you want to supplement your income.
So you would like to become a loan signing agent because you can make great money, part-time, and work on your own schedule?
Being a great loan signing agent means being an educated loan signing agent. Knowing the documents in a loan signing is a key component in ensuring a fast signing and the reason why loan signing agents get paid so well. The first step of doing a perfect loan signing is knowing basic loan terminology. The following are some of the most common terms found in loan documents. I've also compiled the most common escrow terms, which are available as a bonus to my Loan Signing System course, found at the bottom of this page.
Here are the top 28 loan signing terms:
An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan.
Title is the document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Individuals who will have legal ownership of the property are considered “on title” and will sign the mortgage and other documentation.
The process of paying off one loan with the proceeds from a new loan secured by the same property.
An escrow company is a licensed neutral third party that distributes legal documents and funds on behalf of a buyer and seller. More simply stated, they are the middle man. They are the authority to make sure that the seller, lender, and borrower all follow through on their agreed-upon terms. The seller doesn't get any less than what they agreed and the buyer doesn't pay any more than what they agreed. The same applies to the borrower and bank. The bank agreed to only charge the borrower ‘x’ fees and escrow holds them accountable to that agreement. Escrow is the neutral third party to make sure everyone behaves. Their role is to keep track of what is going on between the borrower, the lender, and title company. Escrow keeps records of what is going on between all parties of the real estate transaction.
A person with fiduciary responsibility to the buyer and seller, or the borrower and lender, to ensure that the terms of the purchase/sale or loan are carried out.
About the Author
Mark Wills is the course instructor of the top rated Loan Signing System agent training course. He has been an active professional loan signing agent for nearly 20 years and owns a loan signing service that does thousands of signings a year.