Sam breaks down the math on earning $100,000 a year as a notary loan signing agent. Work with mortgage professionals or signing services, handle the right volume of closings, and the numbers work. He walks through the actual calculations.
Chapters
This is the exact math on how a notary public would make $100,000 a year. Yes, I said $100,000 a year. And yes, I said a notary public. A notary public who understands loan documents, home loan mortgage documents, is called a notary signing agent. And notary signing agents have two options on how to get loan signing appointments. The first one is through what we call direct business. That is getting loan appointments directly from realtors or mortgage officers, escrow officers and title officers. For watching a home bar were sign their name on their loan documents about 100 times, they would make $150 on average per appointment. If they got it directly from a mortgage professional, $150 appointment, 13 appointments a week, which is roughly two signings a day, six days a week is $1950 a week or $100,000 a year. So that is the simple math on how a notary public, who knows loan documents would make $100,000 a year. But there's another option for signing agents to make revenue opportunity, that is working with signing services. Signing services act like a buffer between the escrow company and the notary. They find a notary who's closest to the borrower's address. And for a notary answering a text message, because they live closest to a borrower, they would on average make $100 per appointment. So the math on this side is easy. Twenty signings a week at a hundred bucks is $2,000 a week. Or let's go back here real quick and say four signings a day, five days a week is basically two in the morning, two in the afternoon, and they're making $2,000 a week or $100,000 a year. The math is simple, and this is why I call this the best kept secret in real estate. Notary publics are making money every single day by watching people sign their mortgage paperwork. For more notary public loan signing agent tips like this, make sure you follow my page. Sam.
