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How to Become a Six Figure $100,000 Notary Public Loan Signing Agent - YouTube
Channel: Mark Wills
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I'm constantly asked by signing agents
looking to go full-time, "Can you really
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make $100,000 a year as a notary signing
agent? And if so, how is that even
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possible?"
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First and foremost, yes! You can. 100%. So
let's break it down. First let's talk
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about how you get there mathematically.
If you use the industry average of
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$150 per signing, $100,000 divided by a $150
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signing fee
equals 667 signings
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you need to accomplish in one
calendar year — or more specifically, you
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need to do about 13 signings a
week. Yes, to make six figures as a
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signing agent, you need to only do
13 signings a week. Since there are
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a lot of signs that occur over the
weekend (because that is when the
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borrowers are usually available) you
essentially need to be able to do 2
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signings a day, 6 days a week, with 1
of those days where you need to do 3.
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Yes,
once again, basically 2 signings a day,
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6 days a week, and that's it. And as you
can see so far it isn't really hard being a
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six-figure signing agent. To break it
down even further for you, let's say with
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drive time of an hour to get to the
appointment, an hour drive time back
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from the appointment, and an hour spent
at the appointment, that is 3 hours
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per signing front to end — or a total
of 6 hours of work time per day, 6
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days a week to be a six-figure signing agent. You cannot possibly tell me
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there's a better industry to be in.
You're probably asking, "What's the catch?"
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Well, it's not a catch per se — you will
need to be working directly with escrow
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offices, mortgage offices, title offices,
and real estate agents. I mean
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technically you don't have to, but for being
a signing agent that relies on signing
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services for their business it's a much
tougher road to get to six figures
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because you split the signing fee with
the signing service, so you don't
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actually take home the full $150 per signing. And
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secondly, you'll always need to print
your loan docs — essentially lowering what
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you make per file by whatever it costs to pay in printing.
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Working directly with mortgage
professionals will allow you to not only
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keep the whole signing fee (which is on
average $150), they will print out the
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loan documents so there's no printing
costs eating into your signing fee. If
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you are willing to put in the work, go
out and meet escrow officers, mortgage officers,
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and real estate agents, you can
become a six-figure signing agent.
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You're probably wondering... "Okay look, I'm
in to make the commitment to go out,
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network, and meet mortgage professionals,
but honestly how many mortgage
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professionals do I ACTUALLY need to have
as clients in order to obtain 2
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signings every single day?" Great question.
but first off, if you haven't watched or
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read my blog on why escrow officers are
the best source of signings for signing
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agents, hit pause and go watch it. So now
that you know that you need to focus your
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time on escrow officers, you will need to
have about 3 escrow officers as clients
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that rely on you to be their go-to
notary. If you obtain 3 clients that
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close roughly 40 files a month, that is 120
signings monthly they close collectively.
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Now, all those won't be local signings
but it is safe to assume that half of
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those 120 are — and that is 60 files month
(or about 15 a week) that you can feasibly
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do. Some will be at the same time so you
most likely won't be able to do all of
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them, but you should easily be able to do
12-13 of them. And that's what you
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need to be a six-figure signing agent.
And as you can see, you don't need 5
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escrow offices, 4 mortgage brokers, and
3 real estate agents to be a
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six-figure signing agent. When you break
it down, being a six-figure signing agent
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is very doable.
So naturally the next question is, "How
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hard is it to obtain 3 escrow
officers as clients?" First off, every
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escrow officer needs a reliable and
accurate go-to loan signing agent. That's
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a fact.
Understand almost every escrow office
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employs 3 or 4 escrow officers. So
just Google escrow offices in your town.
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I guarantee there are more than you
realize.
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Then multiply the escrow offices by
3 or 4 and that is
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about how many escrow officers that you
can get business from. 1 escrow office
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is more than enough to get you 13
signings a week — 1 escrow officer
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from 3 different local escrow
offices. The picture I hope you are
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seeing is that you don't need 10
different escrow officers or offices to
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be a six-figure signing agent. So in
conclusion, you need to do 667 signings a
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year (or 13 things a week), and you only
need 3 escrow officers feeding you
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those loan closings and you will be well
on your way to making six figures
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working less than 40 hours a week. What
other profession in America can you make
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this kind of money working less hours? If
you would love to learn the easiest
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way to get six figures and you don't
want to bang your head against the wall
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trying marketing techniques that
don't work, take my Loan Signing System
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course. I can teach you.
I have already taught thousands of
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students my system and my system works.
I literally guarantee it. If you're ready
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to become a six-figure notary signing
agent, click on the link below.
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M name is Mark, I teach Loan Signing System, and I look forward to
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helping you make the money you've always
wanted to make.
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