A real estate investor explains how he hires notary signing agents for mortgage closings at $100+ per hour. He breaks down the work, what he pays, and why it's become a viable side hustle for people looking to earn serious money.
Excuse me. What do you do for a living?
I'm a National Signing Service owner.
What exactly is a National Signing Service owner?
So I hire notaries to cover closings throughout the country for mortgage closings.
So how much are you paying these notaries that you hire for mortgage closings?
Typically about 100 bucks, 120 bucks, depending on the transaction.
How long do one of these transactions take? More or less for a notary to do?
Newer notary is going to be about an hour. Some experienced notaryers can do it in as low as 30 minutes.
You're paying these notaries $100 for an appointment that maybe takes an hour and even sometimes 30 minutes?
Yeah. It is the best kept secret in real estate.
I love it. And how many of these notaries are you hiring more or less a year?
Oh, my gosh, several thousand a year.
What does it take to be a notary public loan signing agent?
It's really going to come down to do you want it? Do you want to hustle? And are you just trying to change your life and have more for yourself and your families? Because if you want and have all those things, you can crush it in this business, no doubt.
This really, like you said, is the best kept secret in America for.