How Much a Notary Public Loan Signing Agent Can Make Per Month

12/21/2018

By Mark Wills - Course Instructor of the Loan Signing System and Forbes Real Estate Council Member

I'm frequently asked, "how much do part-time loan signing agents and full-time signing agents make on a monthly basis?"

We all know that becoming a loan signing agent is one of the best side-hustles. Start part-time with no experience, work your own hours, and make great money! But how much can you make per month as a part-time loan signing agent? And if you wanted to go full-time, what is your income potential? This blog will answer those questions for you.

The income numbers vary significantly depending on how you get your loan signing appointments. I have another blog that explains the difference but loan signing agents that primarily get loan signings fed to them automatically through loan signing services are paid between $75 and $125 per appointment.

While signing agents that primarily get loan signing appointments directly from escrow offices get paid between $125 and $200 per appointment.

Read my blog on the differences between the two ways of getting business.

But to understand the income potential of being a loan signing agent, let’s assume that the average fee to be a loan signing agent is $100 if you get business from loan signing services and $150 if you get business directly from escrow offices.

In my opinion, a part-time signing agent can do five signings a week working between 10 and 15 hours a week including the appointment and driving time. At $100 a file, that is $500 a week or roughly $2200 a month.

Now keep in mind, we are using the lower end of the fee scale in this example. If you are getting direct business from escrow offices, you would take home $50 more per appointment, or approximately an extra $1,000 more a month. So a signing agent that gets business directly from escrow offices would make about $3250 dollars a month working ten to fifteen hours a week.

Now, Let's talk about the income of a full-time notary signing agent. We’ll continue to use the $100 fee per file in our calculation. In my opinion, a full-time notary signing agent can do fifteen signings per week working roughly 40 to 45 hours a week including appointment and drive time.

Completing fifteen signings a week at $100 per file is roughly $1500 a week or roughly $6500 a month or $78,000 a year.

If you a signing agent that gets direct business, you would make an additional $50 per file which would add $39,000 more a year for the exact same work or more specifically you would $117,000 a year.

What other business in the country where you do not need need a college degree can you make six figures working 40 hours a week? Not 50 hours a week. Not 60 hours a week. But 40 hours a week.

On top of that, being a loan signing agent it is 1099 money, not W-2 where 30% to 40% of your paycheck can go towards taxes and other employee related costs. As a loan signing agent, you operate as an independent contractor and can take advantage of the many beneficial self-employment tax laws. Meaning you can potentially take home more income a year versus a W-2 employee who makes the same amount of money.

As you can see, being a notary signing agent is the best kept secret in the real estate industry.
Make great money, start part time, have the potential to grow your income to a six-figure business, all without requiring a college degree.

In conclusion a part-time notary making $100 a file makes roughly $2,200 a month and a full-time signing agent that makes $100 dollars a file makes $6,500 a month. And if you learn how to get business directly from escrow officers, mortgage officers, and real estate agents you can give yourself a 50% raise.

Now you can see the importance of learning how to get escrow business directly. You can go from making $6500 to over $9700 just by learning to get business from a different source.

If you want to learn how you can become notary signing agent without any experience, I can teach you the exact steps to making the part time or full time income you have always wanted to make.