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Mobile loan signings

Notary Signing Agent

A side business you can start in a month for under a thousand dollars.

Typical pay

$15k part-time to $60k full-time

How you get in

Notary commission plus signing agent certification

Outlook

Cyclical; tracks mortgage refinance and purchase volume

Notary signing agents witness and notarize real estate loan document packages. It is one of the lowest-cost businesses to start, and income tracks the mortgage market closely.

A day in the life

  1. 8:00aCheck assignments from signing services and title companies
  2. 9:30aPrint a 150-page loan package in two copies
  3. 11:00aDrive to the borrower and conduct the signing
  4. 1:00pScan-back the executed documents
  5. 3:00pSecond signing across town
  6. 5:00pShip the originals and invoice

How to get in

Commission and certify

Duration

3-8 weeks

Cost

$500-$1,200 including supplies

Credential

State notary commission plus NNA signing agent certification

  1. Get commissioned as a notary public in your state
  2. Complete signing agent training and pass the background screening
  3. Buy a dual-tray laser printer, scanner, seal and errors-and-omissions insurance
  4. Register with signing services and title companies to receive assignments

Direct title company relationships

Duration

6-18 months

Cost

$0 beyond the initial setup

Credential

Same, plus a reliability record

  1. Take signing service work first to build volume and reviews
  2. Deliver flawlessly — accuracy and scan-back speed are the entire reputation
  3. Approach local title companies and escrow officers directly
  4. Direct work pays substantially more than signing service assignments

Expand into general mobile notary

Duration

Ongoing

Cost

$0-$500

Credential

Notary commission; RON authorization where available

  1. Add general notary work — estate documents, powers of attorney, apostilles
  2. Get remote online notarization authorized if your state permits it
  3. Diversifies you away from mortgage rate cycles
  4. Hospital and facility signings pay well and are less competitive

What people love

  • · Start for a few hundred dollars
  • · Set your own schedule and coverage area
  • · Each signing pays $75-$200 for one to two hours
  • · Easy to run alongside another job

What wears people down

  • · Volume collapses when mortgage rates rise
  • · Printer, toner, paper and mileage come out of your fee
  • · Evening and weekend signings are the norm
  • · A single document error can cost you the client

From people doing it

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