By Mark Wills - Course Instructor of Loan Signing System, Forbes Real Estate Council Member, and Best Selling Author
I’m frequently asked, “what are the exact supplies you need to be a loan signing agent and where can I get them?”
It should be no surprise that the answer is Amazon! I mean, what don't they sell!?
I buy almost all of my supplies from Amazon. Paper, ink, and even my printer.
So, now that you know where I personally buy my supplies, let me show you exactly what you need. And don't worry, I provide links below should you need them!
Before I get started on what supplies you need, remember there is no need to overpay for your supplies. Your supplies won't win you any more business. Nobody will care if your notary stamp has an LED flashlight attached to it or has the most advanced self inking device. The items I list below are the most practical that I’ve found.
So, let's start off with the actual notary stamp. Amazon can get it made for $14. That's right. Less than 15 bucks! Simply order it and they’ll guide you on how to get your exact stamp for your state.
You will then need some type of bag to carry the loan documents to your appointments. You don't need a fancy $200 dollar briefcase. If you follow me on Instagram you know exactly what mine looks like. And it wasn't even close to $200. Spending any more money on a brief case is a waste of money. If you are going to buy a different bag than I suggest, make sure it is large enough to hold legal size paper. Folding your loan documents so they can fit into your bag is a NOT a good look. Oh, and fill your bag with blue pens.
You will also need a notary journal. You don't need some fancy journal that is hand bound with leather stiching. Every state requires you document the same same things: Date of notarization, type of notarization (acknowledgment or jurat), date of document, type of ID used, the name of the person you are identifying and their address, and finally a place for a thumb print. If you have those things, you are good to go. Once again, don't over pay for the fancy journals.
Since you are required to get a thumb print you will need a thumb print ink pad. You want to make sure it is the 'inkless' kind so you don't have to drag around tissue for the borrower to use after they are done thumb printing your journal.
Then you will need a dual tray laser printer. Here is a blog to why you need a dual tray printer. And for those who are just looking for dual tray printer recommendation, below is the link to the very printer that I use and is also the most cost effective printer I can find.
Along with that, get a ream of paper. It’s more convenient to get it through Amazon, delivered right to your door. A box of legal and letter will do.
Now the only thing that I don't buy on Amazon is my errors and omissions insurance. I recommend 100k of coverage as that is what title companies require. I get my E & O Insurance through Notary Rotary.
And there you have it. Everything you need and nothing you don't
To recap (with links):
E and O insurance-$20 (per month)
What business can you start with less than $375 in supplies!??
I’m Mark, I teach the Loan Signing System and I’m looking forward to helping you become a top loan signing agent!
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.