Loan Signing Agent Market Trends: Is Now the Right Time to Invest in Your Business?

​By Mark Wills - Course Instructor of Loan Signing System, Forbes Real Estate Council Member, and Best Selling Author

​Being a loan signing agent is a rewarding job that gives you freedom in a flexible schedule and satisfying challenges as you market your services. However, you may be wondering if now is the right time to invest in your business.

​The market for notaries or loan signing agents is seeing significant growth thanks to a robust real estate sector increasing the demand for mortgage services. Fluctuating interest rates and rising home sales are opening up opportunities for individuals wanting to pivot into this industry. With the right training and a strong marketing strategy, the potential for steady income and business growth makes a loan signing agency a promising venture. Learn more about how to become a loan signing agent in the current economy.

​An Overview of the Loan Signing Agent Industry

The loan signing agent industry is a specialized niche in the broader real estate and mortgage sectors. Loan signing agents are certified notaries who oversee the signing of important loan documents, mainly in real estate transactions. They facilitate the final step in mortgage transactions and ensure all notarial acts and signatures are done legally and correctly. Their duties also include reviewing loan documents for completeness and offering buyers guidance through signing.

Entering into this industry requires training, a notary commission from the state, and certification in states with more stringent regulations. Continuing education can also help agents stay up to date with industry changes and best practices.

Economic Factors Affecting the Industry

​Optimal times for investing in the loan signing agent market often coincide with recessions, which are a time of growth for loan signing agents. However, several other economic trends for loan agents that can affect their business:

• Interest rates: When interest rates are low or expected to decrease soon, people tend to refinance their mortgages if they find the new rates favorable, increasing the demand for loan signing agents.
• Economic growth: While a thriving industry creates more work for loan signing agents, recessions do the same. Low interest rates during this time can lead to more home refinancing, which means more loan signing bookings.
• Housing market trends: The loan signing agent industry is closely tied to the housing market. When the real estate market is booming, the increase in property sales creates more work for signing agents.
• Regulatory changes: New laws or regulations in the real estate industry can increase paperwork complexity, which in turn increases the demand for skilled agents.

Economic Factors Affecting the Industry

​The loan signing agent industry has grown significantly in the last few years. Your earning potential varies based on factors like experience, location, and the number of signings you completed. You can earn over $2,000 a month as a full-time mobile notary, even more with complex signing. If you are starting your business, the good news is that 70% of full-time mobile loan signing agents begin earning a profit within two years.

​As the real estate market expands, so will the need for loan signing agents. This growth creates opportunities for both new and seasoned professionals with the flexibility and ability to work independently.

The Market Is Hot Right Now

​The start of the pandemic era created a demand for notaries. With declining mortgage rates and more buyer demand, the current economic climate offers agents an opportunity for more loan signings. The Federal Reserve is likely to begin decreasing interest rates, meaning increased refinance applications and more demand for professional signing services. Market trends for loan signing agents include:

• Remote online notarization (RON): RON is gaining traction. Many states' laws and legislative frameworks allow notaries from different states to conduct remote online notarization.
• Expansion of notary tools and software: We are seeing more digital solutions for loan signing agents, from software for secure document management to signing and scheduling service platforms.
• More demand for mobile notaries: In-person notarization is still popular, and the convenience of a mobile notary also feeds this increase. If you can cater to your client's needs on-site, you will continue to have a demand for your services.
• New document types: If you are open to offering diverse services, you can capitalize on new document types requiring notarization. New technologies like digital assets and blockchain create a demand for digital services and e-paper notarization.

Tips to Invest in Your Business

​Your reputation as a signing agent relies on your reputation and the relationships you build throughout your career. Invest in your business to help it grow through the following strategies:

• Expand your network: Build relationships with title companies, local real estate agents, and mortgage brokers to gain more referrals, which can lead to steady work.
• Boost your skills: Enhance your skills with refresher or advanced training courses. These will improve your knowledge of industry regulations and loan documents, potentially helping you handle more complex signings and boosting your credibility.
• Start marketing: Promote your services using social media and a professional website. Online testimonials are a powerful tool for attracting new clients.
• Diversify your services: Consider offering related services like general notary work to increase your income streams. Diversification can also keep your business stable during slower times of the year.

​Loan Signing System™ offers the training course and certification of America's No. 1 notary public loan signing agent. Our courses offer you training with Mark Wills, the National Notary Association's influencer of the year. This certification can help put you on the path to success, earning between $75 and $200 per appointment.

Why Trust Us

​Our courses are hands-on, step-by-step online training using field-tested strategies and up-to-date information. These courses will equip you with all the tools and information you need to make your loan signing agency a success. We have over 5,000 five-star online reviews and many free resources to help you stay on top of your game. You also have peace of mind with a full 30-day money-back guarantee, whether you are a beginner or an advanced notary.

Become a Loan Signing Agent With Loan Signing System™

​At this stage of the economic cycle, interest rates are expected to drop soon — a first since the pandemic. These trends mark a strong earning potential and a growing demand for loan signing agents. Now is the time to sharpen your skills, solidify your notary reputation and expand your network. 

​Invest in your professional growth with Loan Signing System™. Grow your notary business or get certified as a loan signing agent. We also help you get your notary commission if you do not already have one. You can also get your official Loan Signing System Certification from us, which shows that you are an experienced and qualified loan signing agent.

​Sign up for free training today. You don't need any special qualifications, just a can-do attitude and a mind that's ready to learn!