How signing services use databases to find and assign notaries for mortgage signings. They search by location and availability, then offer jobs that pay around $100 per signing. The system matches the closest available notary to each job.
Chapters
I want to really break down how the signing service works. So this is notary rotary one, the big five. They all work the same. There's a box on every single database literally says, where do you need the notary? So in that box I literally put the address of where the borrower was at, where I need the notary to show up. So I put the address into that box. So then it gives me a map. This is the address. So the person closest to it A is Michael Kelly. The second closest is B. Does it make logical sense that the databases will give me notaries closest to the appointment? Why would I hire a notary who's 40 minutes away when there's a notary three minutes next to the borrower's location? This is important to understand because here's what happens as a signing service. So I get the search results that I paid for. Michael Kelly pops up. I literally call Michael, Hey, Michael, got a signing at 4 o'. Clock. Can you do it? Michael tells me, no. Boom. I go to Neil and you'll get a signing at 4 o'. Clock. Do you have available? No, I don't click. I call Cindy. Cindy to answer the phone. Then I call Teresa. Teresa, are you able to afford? She says, yes, the notary that is closest to the appointment that is available gets the signing. That is it. So this is why you have to be as many databases as you can because you never know where that mortgage officer has a bar. We're to close.
