By Mark Wills - Course Instructor of Loan Signing System, Forbes Real Estate Council Member, and Best-Selling Author
If You're a Real Estate Agent, You Have the Ability to Create a Big Additional Stream of Income by Becoming a Notary Loan Signing Agent.
Because transitioning into the loan signing business is easier for you than for nearly everyone else... and since you already work in the industry, learning how to do a loan signing is a piece of cake.
And even more importantly, you have easy access to the two biggest sources of loan signings: escrow officers and mortgage officers.
See, it works like this...
As a real estate agent, you are at the top of the real estate 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. Home contractors, real estate attorneys, and insurance agents perk up their ears when they find out you’re a real estate agent. But there are two professionals in specific who are dying to meet you... and those two professionals just so happen to have the ability to give you loan signing business immediately.
They are escrow officers and mortgage loan officers.
Why Do Escrow Officers & Loan Officers Want to Meet Real Estate Agents So Badly?
The answer is simple.
And if you become a notary loan signing agent, knowing these facts and learning how to leverage them will allow you to get the loan signings you want in order to supplement your income.
If you are a real estate agent, you can make a lot of money by becoming a notary loan signing agent because the people that want to work with you have loan signings that need to be filled.
Hopefully a light bulb just clicked on in your mind!
Understand that escrow officers and mortgage officers determine which loan signing agents to use for each and every one of their loan signing appointments.
The key to getting those loan signings from escrow officers and mortgage officers is learning exactly how to leverage your real estate business the next time you meet one of them. What's important to remember in this scenario is that they are trying to win YOUR business and will likely do anything to make that happen.
Let’s talk about a loan officer, for example.
The next time you meet one, simply say, “I’ve been looking for a reliable mortgage officer to refer buyers to... someone who can close in a timely manner.”
Most will talk themselves up, say wonderful things about their closing team, and offer you their business card.
At this point, give them your real estate agent business card and ALSO (nonchalantly) your loan signing agent card and say, “I’m looking forward to working with you on my next deal! Oh, and if you ever need an expert signing agent, I do loan signings too.”
And boom, you’re in!
Do you think they will give you their next signing?
Of course they will!
I say this with confidence because they are trying to win your business. And what better way to do so than by giving you loan signings?
It's incredibly easy for real estate agents.
Is 'Conflict of Interest' a Risk for Real Estate Agents Who Want to Do Loan Signings?
This is a great question.
Understand that you are allowed to notarize any document, so long as you do not have a financial interest in it. Which means you can do a loan signing for any deal that isn't yours.
Meaning, if you are the real estate agent on a mortgage transaction, you cannot also be the notary loan signing agent.
The same strategy that works on loan officers works on escrow officers too. An escrow officer's lifeblood is new escrows to close. And as a real estate agent, what do you represent to an escrow officer? You represent the potential for a steady flow of future escrows through your real estate business. And just like a loan officer, they will do whatever it takes to win your business.
So let's say you meet an escrow officer...
You can tell them you're looking for a good, reliable escrow company to handle your upcoming deals. Then once they they express how eager they are to do business with you, simply mention the fact that you do loan signings too.
It's truly that easy. Because remember...
Escrow Officers & Loan Officers Already Go Out of Their Way to Win Your Business.
Their efforts usually include office lunches, handing out gifts, or hosting happy hours. But once they find out you do loan signings, they’ll give you appointments instead — and the best part (in their eyes) is that it doesn't even cost them a dime to do so!
Escrow officers can specifically choose which notary loan signing agent they want to handle their next closing appointment. Why shouldn't it be you?
If you're a real estate agent, working as a notary loan signing agent is the easiest part-time money you can make.
Want a quick idea of your earning potential?
Think about it like this — if you're an agent who can also do loan signings, there is absolutely no reason why you shouldn't be handling all the closings in your real estate agency's office. Take however many mortgage transactions your team does in a month, then multiply that number by $150. That's the amount of extra money you can make each month.
And the beauty of this niche profession is that as you're building a second stream of income, you're simultaneously diversifying your networking connections within the industry.
See what I mean? Becoming a notary loan signing agent is a fantastic idea if you're a real estate agent.
If you found this information helpful, awesome! There is so much more where that came from in my five star-rated Loan Signing System online training course for notary public loan signing agents. Thousands of people across the nation are using my techniques right now to make hundreds or even thousands of extra dollars every month.
I'm Mark, I teach Loan Signing System, and I look forward to giving you more tools just like this to help you build a successful, efficient, and lucrative notary loan signing business today!
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.