Mark explains how signing services and notary databases connect loan signing agents with assignments. Signing agents get work without doing their own sales or marketing, instead relying on these platforms to match them with jobs.
Chapters
I'm often asked, what exactly is a signing service? And what is the difference between a signing service and a signing agent database? You constantly hear me say that being a notary signing agent is the best way to make money. Because you get loan signings simply by location. Just like the closest gas station gets your business, the closest signing agent to a borrower gets the loan signing. It's almost too good to be true. Your entire loan signing career could be without having to sell, prospect or make cold calls to market yourself. You literally wait for a call, text or email asking if you have time for a signing. And you get paid $100 on average for an hour long appointment. So the real question is, why is this possible and how does it all work? This is all possible because of businesses called signing services. Signing services are companies that market themselves directly to the escrow, the mortgage companies and the real estate agents to fulfill their loan signing appointments. Once the signing service has gained a mortgage professional as a client, the mortgage professional will simply email the signing service that they have loan documents ready for a borrower to sign. That is when the signing service will call, text or email the closest signing agent to the borrower's location to complete the loan signing. So you can think of signing services as a broker. They act as the middleman between the people that have the loan signings, which are the escrow officers, mortgage officers and real estate agents, and the people that can do the loan signings, which are notary public loan signing agents. For doing the work of getting the loan signings from the mortgage professional and arranging the appointment with the signing agent, the signing service takes a piece of every single signing fee. The signing service on average takes about one third of the signing fee and gives the signing agent the rest. As an example, the average signing fee is $150. The signing service would take $50 and give $100 to the loan signing agent, their fee. Once again, this is an average. Some pay more, some pay less. But now you know what a signing service is. So the next question is, how do signing services find signing agents to give these signings to? And the answer is, they use a signing agent database. So what is a signing agent database? The best way to understand what a signing agent database is. Thinking of Yelp. Yes, the popular restaurant review site. You're hungry, you want a restaurant, you open up Yelp, you type in a zip code and a list of restaurants pop up near the zip code that you searched. That is exactly how a notary public loan signing agent database works. But instead of searching for the restaurant they're searching for. Signing Agents Signing services use signing databases to find loan signing agents by zip code, just like Yelp finds restaurants by zip code that you search. The signing service types in the zip code of where the loan signing will take place and a list of notary public loan signing agents pop up in the list once again, exactly as the restaurants would on Yelp. And similar to the restaurants listed on Yelp, signing agents are listed in order of closest to the zip code that is searched. So the signing service will then reach out to each signing agent by phone or text based on the search results, which once again is filtered by location. And then until someone agrees to fulfill the order, there is no catch. That's it. The first agent that answers and is available gets the loan signing. And that's why this is the best part time income out there. No sales, no marketing. Just a phone call and you make $100 for an appointment that takes about an hour. Signing services nowadays will actually start sending out a mass text message from to all the signing agents who live closest to the signing address and the first one to respond that they are available gets the loan signing. All you have to do is reply as fast as possible with your smartphone. This business is amazing. So in a nutshell, here's how the signing service business works. The signing service markets themselves to the mortgage professionals. The mortgage professional gives the loan signing assignment to the signing service. The signing service finds a notary signing agent that lives closest to the signing via a signing agent database and the first available signing agent gets the loan signing. And that's it. And if you want to learn how to make great money in an industry that doesn't require any sales working on your own schedule, take my five star rated course. Click on the link below to to get started today. I'm Mark. I teach the loan signing system and I look forward to helping you make money as a notary loan signing agent.
