How to Become a Loan Notary Signing Agent

 If there’s one side hustle that’s generated the most chatter  among our  DR Side Hustle  in the last few years, it would have to be becoming a loan signing agent.

A Notary Signing Agent or NSA is a Notary who has special training to handle loan document signings. Title companies and signing services hire NSAs to deliver loan documents to borrowers, oversee the signing and return the documents.   As  Notary signing agent or a loan signing  agent  you  can earn $75-200 per appointment.

I’m in the process of becoming a NSA (notary signing agent). I’m planning on doing this as my side hustle. This is expected to bring some pretty decent money - some have reported making anywhere from $1k-$6k a MONTH. 

I am pretty new to the whole thing so call me skeptical  because in my state they we have to use attorneys for closings.  One of my major side gigs is working with some real estate agents so I would have heard this.  

 

 a signing agent notary is different we do closing for properties , wills , refinancing i make 10k a month from it .. it’s actually very lucrative

 dont most attorney offices already have them on staff?

 no they don’t We sign with agency and they send the work over to us .. on an average day you may get 10 to 15 jobs that need you .. paying $500 to $700 depending on the job

First check if you can even become  Notary and Loan Signing Agent in your state. The following states have restrictions on loan signing agents and usually need an attorney involved.  

Delaware

Georgia

Massachusetts

New York

South Carolina

South Dakota

Vermont

West Virginia

What are the Requirements to Become a Loan Signing Agent?

The most important requirements to become a loan signing agent are:

Knowledge of the various loan documents borrowers will be signing.

Your notary license.

Errors and Omissions insurance.

Reliable transportation.

You can take the Loan Signing course 

How to get started 

You can take the Loan Signing course 

Are there any downsides? 

Here is some advice from an notary signing agent 

 You need a car. This is way over the top more difficult to do if you don't have one. Oh and gas. Did I mention paying for gas?

 A lot of signing services/title companies will offer really low rates. What you get paid in California is definitely NOT what you can expect in Alabama. Everything  costs more in CA. Some of them will make you chase your fee, and every once in awhile you won't get paid at all. 

Printing out documents will eat into your fee because loan documents usually have 40-70 pages. If there is a mistake you will need to reprint the pages, and hopefully you don't have to reprint the whole doc.

Laser printers are the standard; do not use ink printers to print a package of documents.

Your printer should be your private equipment so that you are the only person handling the documents and viewing the non-public private information of borrowers.  You can not bring this a printing company.  Recommended printers include Brother HL-L2300D Monochrome Laser Printer and HP LaserJet Pro M404n Laser Printer

If the borrower has an issue with anything in the docs that can't be worked out on the spot, you can bet they won't sign and so therefore you are not likely to get paid. If are lucky enough to get that closing rescheduled, you will need to reprint the docs eating into your fee again. 

Some of the signing agencies / mortgage companies will allow you to fax the docs, but even if you do, you also need to mail the originals via over night mail and you can bet YOU are paying for that. 

Next Steps to Become a Loan Signing Agent

You can take the Loan Signing course