Is a loan signing agent a good side hustle?

Is becoming a loan signing agent worth it?

Increased Earning Potential: Loan signing agents can earn more than notary publics, especially if they are able to complete multiple signings per day. Expanded Services: By offering signing agent services, you can provide a more comprehensive range of services to your customers, increasing your value to them.

Can you make a living as a loan signing agent?

3. You Can Increase Your Income Potential. For many, the potential benefits and income of becoming a loan signing agent are reasons enough to become certified. Unlike a notary public, whose fees are often capped by the state, independent signing agents can earn between $75 and $200 per signing appointment.

How do loan signing agents get clients?

Do signing agents get signing on the weekends?

You want to be sure you're on their list of available signing agents when that happens. This is because loan signings happen every single day. We're talking weekdays, weekends, 6:30AM or even Midnight.

Can being a notary be a side hustle?

Why becoming a Notary is the ultimate side gig. Whether you're looking for a way to work from home or a part-time job to get you out of the house, you should consider becoming a Notary first. A Notary commission can open the door to more than a dozen additional money-making opportunities.

Is notary a stressful job?

Working as a Notary is flexible, rewarding and provides a valuable service to the public — but no one ever said it's a cakewalk. Notaries face many sources of stress on the job, including angry customers, illegal requests, irregular work hours and more.

In what state do notaries make the most money?

California is the highest paying state in the U.S. when it comes to being a notary public. The average salary of a notary public in California is $59,055.

Can you be a remote loan signing agent?

You must be an active certified online/remote/electronic notary in addition to a traditional notary license, You must meet the loan signing agent requirements for your State, Be able to work from home, have a professional appearance, and neat background when talking to customers.

What is the job outlook for a notary signing agent?

Being a notary signing agent has been considered one of the most prestigious and rewarding job profiles for many years and still is. But, as 2024 approaches, the market is ready to surprise a lot of notaries and signing services for sure and can dramatically transform the future of notary services.

Where are notaries needed the most?

Banks, Mortgage Lenders, and Other Financial Institutions

As we pointed out, loan and mortgage documents require signature verification. The same goes for other financial agreements as well. That means financial institutions will need notary services on a regular basis.

Is it hard to become a loan signing agent?

Anyone who meets the requirements to be a Notary Public in their state can go on to become a Signing Agent. To qualify for a Notary Public commission, generally you must be at least 18 years old, be a legal resident of your state and have no felony convictions.

Do banks hire loan signing agents?

Lenders and title companies hire Signing Agents as independent contractors to assist in the last step of the loan process, which enables the loan to be funded.

What is the difference between a loan signing agent and a notary signing agent?

Loan signing agents deal exclusively with loan documents and are specially trained and certified to do so. A notary public can be used for the notarization of most any other kind of document which is not related to loan agreements.

How much do loan signing agents charge?

An ample fee of $150 to $200 ensures a skilled and knowledgeable notary loan signing agent is hired to complete the loan signing job. Additionally, every single loan has an important deadline that it has to be met — whether it is a rate lock, a purchase contract, or it is simply the end of the month.

Can you be a part-time notary?

It is simple, the start-up cost is fairly low and you can work either part-time or full-time. Mobile Notaries travel to signers' locations to notarize documents. They earn money by charging a fee for the notarization up to the limit allowed by their state's law. Some states also permit Notaries to charge a travel fee.

What is the most a notary can charge?

In most cases, a California notary public may charge a maximum notary fee of $15 for each signature. This includes writing the certificate, affixing the notary stamp, and acknowledging the signature.

Do loan signing agents pay taxes?

If you are a self-employed Notary Signing Agent, IRS Publication 17 states that you must pay self-employment tax if you had net earnings of $400 or more from fees for services other than notarizing documents (for example, traveling to a signer's home, delivering completed loan document packages, etc.).

Can you be a loan signing agent with bad credit?

A total score below 25 points will make you eligible to work with lenders and title companies as a Notary Signing Agent.

How to market yourself as a notary?