Description How to Start, Run & Grow a Part-Time Notary Public & Loan Signing Agent Business DIY Startup Guide For All 50 States & DCIf you can work 2-3 hours a day and bring home around 50K/year, would you consider that to be a good side business? If so, would you want to give that a try? Let me explain how.
The profession of notary signing agent is becoming more and more popular lately simply because there are more transactions and loans being approved via online and from companies across the country.
Even until ten years ago, if you wanted to get a loan, you would apply at your local banks, but not anymore, you can apply online to various online banks and lending institutions who offer better terms and rates than most of your typical local banks.
But anytime there is a loan closing where the lending institution does not have a local office; they call on local loan signing agents who are also a notary public.
The job of the notary/loan signing agent is to meet with the applicants in person, and have them sign and notarize their loan closing documents then send the documents back to the lender.
A typical loan signing can take around an hour to an hour and a half and the compensation ranges from $100-$200 for each closing.
Since all Notary signing agents are also Notary public by default, you can also offer your notary service to your local community and pick some extra income.
If you had to notarize any documents lately, then you know a typical notary charges between $10- $25 to notarize a document.
Best of all, you don't have to give up your full-time job or business to start this business.
You can always offer your services just in the evenings and weekends and only when you are not busy doing things with your family.
Lets' say you only offer your services on the weekend and do about two closings a week which is around 4 hours of work.
You can make anywhere from $200-$400 each week.
Let's say you make the average of $300 a week that would mean you are making $1, 200 extra.
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