A notary public charges per signature, usually $5 to $15 each. A loan signing agent is a notary who specializes in mortgage documents and charges a flat fee, typically $75 to $200, to handle entire closing packages.
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Why can a notary signing agent charge 75 to $200 for an appointment that takes about an hour and a notary public can only charge $5. Or insert whatever your state allows you to charge per signature. A notary public can only charge for signature notarized with whatever that state allows per signature. Notarizations can be charged for a notary public loan signing agent doesn't charge at all for any notarizations. Let me say that one more time. A loan signing agent or a notary signing agent does not charge a penny for for a signature notarized because the signatures notarized are part of their flat fee. It's all inclusive. So see, a borrower doesn't know where to sign on the 150 pages of loan documents. The borrower doesn't know where to initial. The borrowers don't even know what the loan papers are. So a loan signing agent for a flat fee summarizes each page for a borrower, shows a borrower with any signed date and initial, goes over, takes those paperwork, FedEx that back to the borrower, to the lender, to the escrow officer, and for that they charge a flat fee. My best analogy is getting your oil changed. If you got an oil change at Jiffy Lube or something like that, they charge you 30 bucks, you get your oil change. But they also vacuum your floor, wipe off your dash, Windex your windshield. They don't charge you for windexing your windshield. That's an included part of their service and that's what the notaries are to notary public loan signing agent. The five, six, seven notaries within a loan doc set are free. That's part of what their overall service is that they provide. So for taking an hour with the borrower and charging 75 to $200, we want to know why there's a difference. Make sure you watch that video. But the reason they're able to charge it because it's a flat fee and there's zero being charged for the notarizations themselves. So remember, it's an important distinction. A notary public can only charge for signature notarize. A notary public loan signing agent charges a flat fee for going over all the loan documents with the borrower, finding out where they need a date, sign initial, summarizing the loan paperwork, collecting them, FedExing, sending them back to the title escrow, lender signing service wherever they're supposed to be. And that's why notary public charges differently than a notary public loan signing agent. I hope that answered that question. Like this video. If you like it, save it. Of course you want to watch this in no time. And if you like information just like this, make sure you follow my page and channel so you can get more tips and tricks like this every single day. Let's go.
