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Mobile Notary or
Notary Loan Signing Agent
There are thousands of individuals all over
the country applying for and obtaining their Notary Licenses every day.
Some people in various professions obtain their licenses because people
always go to certain businesses seeking to have papers notarized.
Realtors and Insurance agents are common places where people go to seek
notaries. Banks have clerks that are notaries and they notarize
documents as a courtesy. Others charge whatever their state notary law
allows. In Arizona the maximum allowable fee is $2.00 per signature. In
California it is $10.00. In other words, the fees vary by state.
Nobody becomes a Notary to get rich. In the past it just couldn't happen
but now with a Notary license you can become a Notary Loan Signing Agent
and have a shot at the "Gold" ring. So what is a "Notary Loan Signing
Agent?" A Notary Loan Signing Agent is a Notary that signs people off on
Mortgage Loan Documents for lenders, Title companies and Loan Signing
Brokers.
The loan documents can either be for refinances, second mortgages, Home
Equity Lines of Credit and the increasingly popular Reverse Mortgages.
Fees for this service vary from company to company. Some companies only
pay $50.00 per signing and some pay as much as $500. It seems to vary
sometimes according to state. California companies seem to pay more than
most states. It seems that the higher priced the homes, the more the
companies tend to pay. There is no real formula. This is just an
observation.
It should be noted that Loan Signing Agents are also referred to as
Mobile Notaries because they go to borrowers' homes to have them sign
the documents. This is very convenient for borrowers and the Notary is
compensated extra for excess travel.
So how does one get started in this business?
1. Become a Notary.
2. Seek training as a Loan Signing Agent.
3. Secure a list of loan signing companies.
4. Get listed in Notary Directories.
5. Get a website for promoting your business.
6. Visit Notary Forums.
1. Become a Notary. Contact the Secretary of State for your state to
obtain this information. The requirements vary by state. Some states
require an exam, California as an example. In addition, California also
requires formal schooling. This is not a bad requirement because
notarizing documents properly is very important. By contrast Arizona
does not require an exam. Check with your Secretary of State to find out
the rules.
NotaryRotary.com has a search box on its home page where you can find
out the Notary requirements for any state in the Union.
2. Seek Training. There are many ways to obtain training as a Loan
Signing Agent. There are many companies with training courses. Some are
better than others and some actually have training videos which you can
purchase. The classes required by the state of California help you
become proficient as a Notary.
There are also courses in e-books which you can purchase as well as
books in print.
3. Secure a list of Loan Signing Companies. There are hundreds and
perhaps thousands of these companies. They are located all over the
country. Guess what, you are not limited to the companies in your state.
Mortgage companies in New York provide loans in California, Minnesota,
Tennessee and every other state. Mortgage companies in California and
Florida do the same. There are lists available which Iwill show you how
to obtain.
Once you have the list you simply send them a copy of your resume. When
I was just starting I included my Real Estate Sales background and my
Mortgage Representative background. Most of them want to know how long
you've been a Notary and they might shy away from a Newbie unless no one
else is available. Most companies on the list provide an email address
or a website where you can post your resume. Once you have done this you
are well on your way to receiving your first assignment. My first
assignment came before I had sent out 50 resumes. As a matter of fact, I
received calls for work before I had sent out fifty. Results vary
according to market conditions.
4. Get listed in Notary Directories. There are a number of
Directories where you can become listed. People interested in the
services can search the Directories by state, city and sometimes Zip
Codes. The 800 lb Gorilla in the Notary Directory world is 123Notary.
Most of my business as a Notary came through this Directory. The listing
is not free but it is worth the cost.
In addition to providing a National Notary Directory they provide Loan
Signing Agent Training Courses starting at $57 and a certification test
which you can take. Having this certification from 123Notary means a lot
to companies searching for Loan Signing Agents. They also have their own
online forum. You can receive a lot of valuable advice from practicing
mobile notaries and gain valuable insight from their experiences.
Notary Rotary is another top rated Directory. I have received many
signings because of this company. They have their Nationwide Directory
of Notaries. From their site you can select any state in the Union to
find out what their Notary requirements are. They also sell a large
selection of Notary supplies. Their prices are probably the best in the
country. They also have their own forum and a Chat Room for Notaries.
5. Get a Website. I have received my share of business from my
website and some of the Directories will list your website. If you have
good Search Engine Optimization and you appear on the first page of
Google you can be sure of receiving a lot of business from this source.
Take a look at this www.stocktonmobilenotary.com. This site was designed
by Fantastic Services for under $300. If you look up Stockton Notaries,
San Joaquin Mobile Notaries or Sacramento Mobile Notaries you will find
this site listed on the first page.
6. Visit Notary Forums. Just about
every major Notary Website has a Forum. Some may require membership to
post but you can learn a lot just by lurking. Most of the people posting
have varying degrees of experience. Some may be rookies while others may
be seasoned Notaries. Some of the rookies might post the very question
that you felt was too stupid to ask. Read and learn.
Good Luck in any and all of your pursuits whether as a Loan Signing
Agent or...
To read more about the book or to order click on the
picture or www.notaryriches.com
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