Becoming a Virginia Notary Signing Agent
Work As A Virginia Notary Signing Agent - Choose Your Assignments, Make Extra Income!
If you are eligible to serve as a Virginia Notary, willing to invest between $100 and $200 for the required training, have a reliable vehicle and a desire to assist people closing loans secured by real estate, read on.
Becoming a Virginia Notary Signing Agent can be the answer for you if you are looking for a way to move out of the 9 to 5 office grind. Virginia Notary Signing Agents are in high demand, especially if you service a rural area and are willing to travel anywhere from 30 minutes to an hour away from your home location.
There are a few steps to follow and this job isn't for everyone, but if you have free hours in the late afternoon and early evening, you can work as much or as little as you like and earn extra money part-time.
If you are interested in becoming a Virginia Notary Signing Agent, you will want to submit your application and begin training. The National Notary Association is a wonderful resource that not only provides a quick and easy way to receive your commission, but also the training you will need as well as a huge database where your potential clients will find your profile and choose to hire you to do assignments for them. I strongly encourage you to become a member of this esteemed organization, take the Notary Signing Agent training and list your profile in their database. It defines you as a Professional. Follow the "Become A Notary" link in the left sidebar menu on their site to determine if you are eligible to hold a commission, begin the application process and get started.
The Certified Notary Signing Agent course will give you a good start, but there is nothing like hands-on experience to get a real feel for what happens during a loan closing. The best advice I can offer you is to find a mentor. Many Notary Signing Agents are willing (for a small fee) to help you get started by allowing you to shadow their appointments. You will accompany the Notary, observe how the closing is conducted and make notes on any questions you may have so you can ask them later, after the closing is complete.
You will also want to completely familiarize yourself with the documents you will be handling. The loan document package can be anywhere from 50 to well over 100 pages and the borrower will inevitably have questions. As a Notary Signing Agent, you are not permitted to give advice or suggestions about these documents. You will be required to contact the loan officer or title processor to address any questions the borrowers may have and so it is best to know what the documents are and what their purpose will be when communicating with that person when questions or other issues arise.
The income from working as a Virginia Notary Signing Agent can vary, but the industry standard is anywhere from $50 to $150 per loan closing. Appointments that are very close to your home base will pay a little less, ones further away pay a little more. Additionally, in many cases, you will be required to print the document package in duplicate and so a "Print Fee" is often included in the amount you are paid for witnessing a closing.
Some of the things you will need for this type of work are:
- A Reliable Vehicle
- High Speed Internet Access
- A Laser Printer
- A Cell Phone
- A Fax Machine
In Virginia, you are not required to purchase a Surety Bond, however, it is best to have at least $25,000 of Errors and Omissions insurance, which can be purchased through the National Notary Association at a significant discount. To make things simple, purchase the policy at the same time you receive your Notary Commission, making sure you purchase the insurance for the entire term of your Commission. You will also need to purchase your Notary Stamp, which is a hand-held embosser that will imprint your stamp onto each notarized document.
In closing, a small initial investment can return a good, steady part-time income. If you are willing to take the time, spend a little money and do the work, you can make as little or as much as you want to make as a Virginia Notary Signing Agent. Good Luck!!!