By Mark Wills - Course Instructor of Loan Signing System, Forbes Real Estate Council Member, and Best Selling Author
I'm frequently asked, "how much do part-time notary loan signing agents and full-time notary loan signing agents make on a monthly basis?"
The Notary Loan Signing Agent "Side Hustle"
Becoming a notary loan signing agent is one of the best part-time income opportunities.
Being a notary loan signing agent as your "side hustle" allows you to start part-time with no experience, work your own hours, and make great money!
In fact, Joshua Dorkin, the CEO of Bigger Pockets (the most downloaded real estate podcast in the United States) said "this is one of the better side hustles" he has seen in the real estate industry.
That's certainly good news to hear straight from the mouth of such a credible entrepreneurial source.
But just how much money 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.
Notary Loan Signing Agents Make $75 to $200 per Appointment
The monthly potential income for a notary loan signing agent varies significantly depending on how you get your loan signing appointments. To learn more about this, check out my other blog that explains the difference, but to summarize — notary loan signing agents who typically get loan signing jobs offered to them automatically through loan signing services are paid between $75 and $125 per signing appointment.
Notary loan signing agents who primarily get loan signing jobs directly from escrow offices earn much more — between $125 and $200 per signing appointment.
Read my blog on the differences between the two ways of getting business.
To understand the income potential of being a loan signing agent, let’s assume that the average fee you would get
for signing service appointments is $100, and $150 if you received those appointments directly from escrow offices.
Earn Hundreds or Thousands of Dollars in Extra Income Part-Time
From my experience, a part-time notary loan signing agent can do 5 signings a week working between 10 and 15 hours (including the appointment and driving time). At $100 a file, that is $500 a week, or roughly $2,000 a month.
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, which translates to an approximate extra $1,000 more a month. So a notary loan signing agent who gets business directly from escrow offices would make about $3,000 dollars a month working 10 to 15 hours a week.
Six Figure Income Potential
Now let's talk about the income potential of a full-time notary loan signing agent.
We’ll continue to use the $100 fee per file for this calculation. It’s absolutely feasible for a full-time loan signing agent to do no less than 15 signings per week, working roughly 40 to 45 hours (including appointment and drive time).
Completing 15 signings each week at $100 per file is roughly $1,500 in 7 days…or about $6,000 a month… and around $72,000 a year.
And remember, if you’re a full-time loan signing agent who gets direct business, you would make an additional $50 per file.
Which would add $39,000 MORE annually for the exact same work.
Meaning, specifically, you would bring in $117,000 a year.
Notary Loan Signing Agent Income: Simple Math
Big Income Potential, No College Degree Required
To put the potential notary loan signing agent income into perspective, the median per capita income according to the US Census Bureau is a little over $31,000!
Notary loan signing agents have the potential to surpass that income simply by doing a handful of loan signing jobs each week.
And on the other hand, the full earning potential for notary loan signing agents could even stretch into the six-figure income bracket!
What other business in the nation boasts the potential to make six figures working 40 hours a week WITHOUT a college degree?
Not 50 hours a week. Not 60 hours a week. But 40 hours a week. Pretty incredible if you ask me.
Now let's talk taxes.
As a notary loan signing agent, you operate as a 1099 independent contractor and can take advantage of the many beneficial self-employment tax laws that are in place today. Meaning, you can potentially take home more income per year than a W-2 employee — who contributes 30% to 40% of his or her paycheck to taxes and other employee-related costs.
The Best-Kept Secret in Real Estate
I'm convinced that being a notary loan signing agent is the best-kept secret in the real estate industry.
You can make great money, start part-time, have the potential to grow your income into a six-figure business, and do it all without needing a college degree.
So let's recap.
A part-time notary loan signing agent earning $100 per appointment makes roughly $2,000 a month and a full-time loan signing agent that makes $100 dollars per appointment generates $6,000 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.
Which makes crystal clear the importance of learning how to get escrow business directly — you can go from making $6,000 to over $9,000 just by learning to get business from a different source.
Talk about opportunity!
If you want to learn how you can start building your notary signing agent business, I can teach you the exact steps required to make part-time or full-time income as a successful notary public loan signing agent. Click the link below to learn more about the five star-rated notary loan signing agent training that has educated thousands of people across the nation achieve that goal!
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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.