Mark breaks down how notary signing agents can hit six figures by doing about 13 signings a week, working directly with escrow officers and mortgage professionals instead of signing services.
Chapters
I'm constantly asked by signing agents looking to go full time, can you really make $100,000 a year as a notary signing agent? And if so, how is that even possible? First and foremost, yes, you can, 100%. So let's break it down first. Let's talk about how you get there mathematically. If we use the industry average of $150 per signing, $100,000 divided by $150 signing fee equals 667 signings you need to accomplish in one calendar year. Or more specifically, you need to do about 13 signings a week. Yes. To make six figures as a signing agent, you need to only do 13 signings a week since there are a lot of signings that occur over the weekend because that is when the borrowers are usually available. You essentially need to be able to do two signings a day, six days a week, with one of those days where you need to do three. Yes, once again, basically two signings a day, six days a week, and that's it. And as you can see so far it isn't really hard being a six figure notary public loan signing agent. To break it down even farther for you, lets say with drive time of an hour to get to the appointment, an hour drive time back from the appointment, and an hour spent at the appointment, that is three hours per signing front to end, or a total of six hours of work time per day, six days a week to be a six figure notary public loan signing agent. You cannot possibly tell me there's a better industry to be in. You're probably asking, well, what's the catch? Well, it's not a catch per se. You, you will need to be working directly with escrow offices, mortgage offices, title offices, and real estate agents. I mean, technically you don't have to, but being a notary public loan signing agent that relies on signing services for their business, it's a much tougher road to get to six figures because you split the signing fee with the signing service so you don't actually take home the full $150 per signing. And secondly, you'll always need to print your loan docs, essentially lowering what you make per file by whatever it costs to pay in printing. Working directly with mortgage professionals will allow you not to only keep the whole signing fee, which is on average $150. They will print out the loan documents so there's no printing costs eating into your signing fee. If you are willing to put in the work, go out, meet escrow officers, mortgage officers, and real estate agents, you can become a six figure notary public loan signing agent. You're probably wondering, okay Mark, I'm in to make the commitment to go out, network and meet mortgage professionals. But honestly, how many mortgage professionals do I actually need to have as clients in order to obtain two signings every single day? Great question, but first off, if you haven't watched or read my blog on why escrow officers are the best source of signings for signing agents, hit pause and go watch it. So now that you know that you need to focus your time on escrow officers, you'll need to have about three escrow officers as clients that rely on you to be their go to notary. If you obtain three clients that close roughly 40 files a month, that is 120 signings monthly, they close collectively. Now all those won't be local signings, but it is safe to assume that half of those 120 are and that is 60 files a month or about 15 a week that you can feasibly do. Some will be at the same time, so you most likely won't be able to do all of them, but you should easily be able to do 12 or 13 of them. And that's what you need to be a six figure notary public loan signing agent. And as you can see, you don't need five escrow offices, four mortgage brokers and three real estate agents to be a six figure notary public loan signing agent. When you break it down, being a six figure notary public loan signing agent is very doable. So naturally the next question is how hard is it to obtain three escrow officers as clients? First off, every escrow officer needs a reliable and accurate go to loan signing agent. That's a fact. Understand almost every escrow office employs three or four escrow officers. So just google escrow offices in your town. I guarantee there are more than you realize. Then multiply the escrow offices by three or four and that is about how many escrow officers that you can get business from. One escrow office is more than enough to get you 13 signings a week or one escrow officer from three different local escrow offices. The picture I hope you are seeing is that you don't need 10 different escrow officers or offices to be a six figure signing agent. So in conclusion, you need to do 667 signings a year or 13 signings a week. And you only need three escrow officers feeding you those loan closings and you will be well on your way of making six figures working less than 40 hours a week or what other profession in America can you make this kind of money working less hours? If you would love that, learn the easiest way to get six figures and you don't want to bang your head against the wall trying to marketing techniques that don't work. Take my Loan signing System course. I can teach you. I have already taught thousands of students my system and my system works. I literally guarantee it. If you're ready to become a six figure notary signing agent, click on the link on this video below. My name is Mark. I teach the loan Signing system and I look forward to helping you make the money you've always wanted to make.
