Becoming a Notary Loan Signing Agent
Notary Loan Signing Agent - A Smart Career Choice
Notary Loan Signing Agent - It's Easier Than You Think
In 2002 I became a Notary Loan Signing Agent and started a new career. It took me 24 hours to train for it before I made my first solid commission. Actually I was thrown into the deep end before I was ready, but that's a long story. The point is, you can train quickly, typically a few days or weeks, depending on how fast you can absorb the training.
What exactly is a Notary Loan Signing Agent? The short answer is it's a commissioned Notary Public who specializes in conducting and notarizing loan documents. You first have to become a Notary for your state, then you have to learn how to conduct a loan signing. The income potential rivals degreed positions. Yes, you can make a six figure income, depending on how much you want to work. I opted for a more modest income while working only part-time. However, I did have some very good months, especially right before I purchased a home and a car within six months of each other. Now I'm sounding like one of those awful ads, like you can make tons of money effortlessly. I don't mean to do that. It requires work, just like any job. Which is the whole point. This is a job. It was a job opportunity for me--a smart person, but without a degree under my belt--that would allow me to make a better income than I thought was available up to that point. It is true that my new income opportunity made it possible to purchase a modest townhome and an almost brand new car.
Since that time I've coached and trained many other signing agents. As a result I wrote a complete Notary Loan Signing Agent course and reference guide. It's available on Amazon.
Notary Loan Signing Agent Training in One Book
Things You Need to Know About Loan Signing Agents
There are a few things you need to know before you jump in and start training for this career.
- Before you do anything else, find out if Notaries in your state are allowed to conduct loan signings. You can find this out by finding the Notary section of your state's government page. You may have to dig a little deep. Another way to find out is simply to call a Title company and ask them.
- You need to be a commissioned Notary Public before you can conduct loan signings. That is a separate process from the loan signing agent training. To learn how to become a Notary Public in every state, you can find full information and lots of answers to questions at NotarySources.com.
- Legally you don't have to be trained at all to be a loan signing agent. Any commissioned Notary Public can legally notarize loan documents. But unless you already work in the industry and are adequately familiar with the documents and the process, you should get the training. Whether you train from a book, take a class or get personal coaching doesn't matter.
- Formal "certification" isn't required to become a loan signing agent. The "certification" you receive from any training or course in the United States at this time only verifies that you have taken a course and/or passed a test. It doesn't bear any official licensing authority. However, escrow officers will have more confidence in your ability to do your job if you can say you've been thoroughly trained. Again, it's nice, but not legally required, to have training and certification.
One Way to Become a Signing Agent vs. the Right Way to Become a Signing Agent
When I was told about this business opportunity I jumped on the idea and signed up for the four-hour class to first become a Notary Public at our local Adult Ed center. Basically we listened to basic training, especially the do's and don't's of Notary work. At the end of the class a state examiner showed up. We submitted ID and took an exam that lasted about 45 minutes. Now a background investigation and fingerprinting has been added to the process.
As I recall, the class was about $80 and the exam fee and application about $40.
Now all I had to do was wait until the state processed everything and sent me my Notary commission. That took about four weeks.
- Note: This is a perfect time to start the training for the loan signing part, while you're waiting for the state to send your commission. You need to be a Notary to do loan signings, but you don't have to wait for that to start the signing agent training.
I had my commission, so the next step was to take a class to learn how to perform loan signings. I didn't get to that right away, but I finally found a class and signed up.
Meanwhile, my son-in-law was signing loan papers at a title company right down the street from me. While chatting with the loan officer, he asked her if they needed any loan signers. She said they were quite busy and did indeed. He says, "Oh, my mother-in-law does that." She called and asked me to come in the next morning! I was in business before I had the training. Luckily she was willing to help me out, and within a few days I had the real training as well. That's what I meant by being thrown into the deep end. It worked out well for me in the end, but was quite stressful those first few days.
Since then I trained and coached lots of friends, friends of friends, family and even people who I had conducted loan signings for. They saw the potential and wanted to know how to do it themselves. I had more phone calls and requests than I could handle, so I decided to get it all down on paper, add some practice loan documents, and offer it to a broader audience than I could with one-on-one coaching.
I'm confident that my training is more comprehensive than any other books, guides or courses available. I felt that there was a lot missing in what I had received myself when I was training. I've also received feedback from Notaries who have taken other courses and expressed that mine is far more complete. My main goal was not only to teach the basics, but to give practical guidance on what exactly to say and do while conducting a loan signing. I've also included information on how to start and run your mobile Notary business, from marketing to record keeping.
If you're looking for a new career that you can operate from your home, with a really good income potential -- with or without a degree under your belt -- this is an opportunity you should look into.