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Watch This Before You Start Notary Loan Signing 2022-2023 | Business Update
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- Опубліковано 18 сер 2024
- If you're looking into getting into the Notary Loan Signing Agent business watch this. The real estate market has shifted with rising interest rates. Notary loan signing is slow but there are multiple ways to get that coin.
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0:00-2:24 Real Estate is Slow
2:25-3:16 General Notary Work
3:16-5:50 Oversaturation
5:50-7:00 Know Your Value
7:00-10:32 My Income / Business Update
#NotaryLoanSigningAgent #LoanSigningAgent #notarybusiness
For anybody in the comments…For General Notary work, charge what you feel you are worth. I often give quotes and at times it may be outside of the customer’s price range. That is perfectly OK. There are customers who will pay you YOUR price. Dont undervalue your time. I charged $100 for a single document, which may only be a 10 minute appt. But, I had an hour of total drive time.
Also, everyone who is buying homes in this market will definitely refinance when rates drop. It will get busy again. Hold fast.
VERY GOOD POINT on the people refinancing when the rates drop!
We can only charge $15 per stamp. How much are you charging for travel fee? Is it per $/mile + time?
Exactly! Know your worth!
Rates are not going to drop. The 50 year average is 8% and there have only been a handful of years under 6%. Rates under 5% have only happened 3 or 4 years of the last 50 years.
question ? do states tell you rates to charge?
After studying so hard and getting all certs , it’s crazy to see NO signings anywhere even after asking direct clients! But thank you for the info, hard work pays off ! 🙏🏼
Quick disclaimer. At about 2:40 there’s a comment at the bottom that states “you can set your own prices in gnw” be very careful with that. There are State specific pricing. For example in Utah, you can only charge as much as $10 per notification. Also only about $0.52 per mile, to travel to the location. (Not to get back home) You can add services for extra money, but you need to be able to justify those expenses. Do your homework for your states limitations and notary regulations.
Just don’t want someone to charge the moon and lose their commission off bad UA-cam information.
Thank you for sharing!
I assumed most people would be in reason. Thanks for clarifying that. :)
Thank you so much for your transparency. I’m currently working on getting my commission. I’m excited even though things are slow right now, but I’m going to make sure I’m ready to go 😂 I’m in remission from stage 4 breast cancer and I thank God every day that I’m able to wake up and live! Becoming a Notary Public/ LSA is a whole new skill for me. I’ve always worked in retail or the restaurant industry. I’m just very optimistic and excited about life again! Thank you again for your help and time 😊
Congratulations ❤
@@ahnamohr5966 Thank you so much 😊
🙏🏾🙏🏾🙏🏾
That is some damn blunt honesty and it is much appreciated. I follow about 5 or 6 other LSAs on UA-cam and your honesty trump's them all. I'm not giving up though. I took a 3rd shift job so I can still do LSA work during the day
What’s funny is that some ppl are getting mad at me like I control the market 🤣😩Good for you! Whatever works for you. Keep at it 👏🏽
I love that your living your life. I’m in a similar spot. I view it as a side-hustle with potential for full-time in ‘23
Same
Life's too short man ❤️
Yeah I think this is a great plan that most of us should take on.
I’ve been doing loan signings since 2019. I will tell you that the industry right now is messed up. I do signings for mortgage companies, title companies, a few law firms directly and quite a few signing services. Everyone is slow. I’ve gone from doing 3-7 signings in 1 day to 3-7 in a month. Anyone who says the market isn’t slower than it has been is just lying to you. Good luck everyone.
Thank you for the information
@@Mikaneres you are welcome. I wouldn’t go into loan signing right now. If you haven’t gotten in good with a title or mortgage company yet the chances are you won’t. The few jobs they have are being given to the notaries they have been using and they will tell you that. Also there is a notary training system out there who will tell you they will give you a list of signing services that you can call. When you call the list you will find many of the services are closed due to how slow the market is. I recalled every number on that list again in August and sooooo many of the number’s weren’t in use. I could only imagine how many are open today in January. A few picked up the phones and said “ The market is slow and there is no work to spare.” Or something to that affect. Granted when the market was good they would say this but, right now you know they are telling the truth. If you have the cash to get your certs and time to side hustle go for it but, the majority of loan signing agents aren’t full-time right now. When the market changes you can get ready. Good luck
I love your straight up approach to sharing the details of the industry. Thank you.
When I got my commission I didn’t even know about the Loan Signing Craze. I’ve always focused on GNW here in CA and business is going great. Of course it takes effort and business strategies to get work, but the beauty of GNW is that it isn’t dependent on the market.
What is GNW? I'm new to this, trying to learn what is best before I go through all the steps.
@@traveler7353 general notary work
3:35 Same here! I seriously dedicated 4+ hrs to actually mentor a good friend of mine. I had typed up notes, provided redacted sample docs, did a mini mock signing with her, answered all of her questions. Unfortunately, she didn’t put in the effort on her part & returned to a 9-5. It made me mad because sooo many newbies plead for a mentor. However as a seasoned LSA, you don’t know which newbies are going to put in the work & which newbies are not, you definitely don’t want to waste your time & knowledge though.
I’ve been a full-time LSA for 2+ yrs now & I am steady. Yes, there’s a slow down going, but there’s still work out there.
Oh my goodness I am VERY serious about starting!! Could we get into contact? What is your email?
This is so frustrating! People get weird about paid mentorship but they don't understand exactly what you said. It takes time and effort to mentor someone.
I wish I knew someone who was interested into going into this same field. If you wouldn't mind helping me as well I am very self-motivated to continue in this path. I have always wanted to work for myself to live financially based on the effort I put. Hope you don't mind helping. Thanks!
WOW! I have been putting in the work! I wish someone like you lived in my area and would help me! What a great person you are for helping. If people don't take our help it's on them, but never let their lack of drive keep you from helping others!!!
I wish had someone to walk me through the whole process I really want to do it. You’re a kind person for trying to help your friend!
I love general notary work !
I just started my journey a month ago but have yet to get a single signing. Luckily I picked this up as a side hustle to bring in some extra income so no harm no foul. Hoping future picks up
next year will be better :)
I just started as an LSA in September after watching your videos. I tried my best to model my path after yours as well as I could but obviously times are tough lol. I am up to 13 signings in my first month and a half though! Mostly thanks to you and Kayla Biebers videos. And the LSS of course.
Wait that’s amazing!! What area are you in?
@@amandapluma sorry amanda! i dont check my youtube as often as i should. Im in Central Jersey like by the beach. Super condensed area lots of houses. dont get me wrong though im taking dog shyte signings. I am by no means "crushing it" but i want to get as much experience as i can so i can go direct hopefully soon, or at least get better orders from the singing services.
The few notary meetups I’ve been too I’ve noticed that the people who own signing services push for the other notary agents to appreciate and be thankful that they give them business even if the pay is low. Some people may drink the kool aide but the reality is that a lot of these Signing services take a large chunk. GNW has been kinder to me lately so I think I’ll stick to that for a while. Good luck to you, girlie ❤
Exactly, you get it. I see them on IG talk about this and I can see right through it.
What is GNW?
I can relate. I did only two direct signings last month.
I gave up on notary for California. $7 dollars a gallon gas is just to much .
I'm in Nevada and you know here is a copycat of California.. gas is $6. I'm giving up because alot of people are moving here and it's overly saturated. It's too much time and energy just to try to catch something. I'm fighting against sooooo many people. After gas and all the time in traffic. Still have to scan and go to FedEx. Supplies are even going up. I rather get a job making $25/$30 an hour and not fight to make more and have wear and tear on my car
Get an EV and keep pushing
Amanda I love your content, you're honest your transparent. The market has changed being on the west coast I can't even imagine what you're still paying and gas. Maybe you should come over to the East Coast. Being in the real estate business I will tell you the market has definitely changed. They're still business out there. I don't think we're in a housing crash, once the interest rates level off and or come down later next year I think we're going to see an upsurge and you'll be busy busy again. By the way, I think the most prime time for women to feel comfortable and find themselves is between 27 and 30 years old. Do what you want to do always keep your side hustle because later on in life you wish that you had accomplished those things if you hadn't already done them. Congrats on everything
This was great and inspiring. Thank you for the insight on the market. I really do feel this. I feel like 28 will be the year for me. I'm already feeling more comfortable and confident in my skills. This really meant a lot to me ❤😊
I just recently gave up on loan signings. I still do GNW but that’s it. My business has stop almost completely, or low ball offers and this was my main income. I’m pretty much upset with myself because I didn’t have anything bringing in constant income on the back end. I had to go back to the drawing board.
Me too! I'm so disappointed
I'm almost in the same boat. I think I only had 1-2 signings this month, so far. I'm focusing my efforts on my social media and other remote work that aligns with that. Good luck! It's hard but keep creating your reality.
@@amandapluma is it only 2 signing because that's all that was available or that's all you could catch?
I feel you. I'm less motivated. I feel like when it was busy with signings making $6000 a month my hopes were high and now I'm almost in the poor house because I quit my job lol. But that job was $17 ish working with the public so good riddens. But this taught me that I love having financial freedom so I went back to school. I'm not going to put my heart into something anymore that can be taken away. So I want a staple job and I'm going to choose a field that doesn't ever die. If you make $30 an hour or even $25. That's more that we get paid with signings after gas, supplies and wear and tear on our cars. I would even settle for $22 with good benefits
Good for you! Times have been tough but I think that’s where the biggest lessons come from. Good luck with your journey Alicia ♥️
Stick with essential industries! Construction, Supply Chain, Service, Agriculture, etc. Those are the safe industries right now and they ALL have plenty of growth opportunities .Tech, especially BIG tech should be avoided until next year sometime. I’m currently working on either getting back into restaurants or pivoting to construction.
Thank you for this update!! The transparency is so appreciated💕 wishing you continued success in all your endeavors
You two girl. Tysm 🫶🏽♥️
Thanks friend your honest video and it’s so refreshing to see someone be honest not only w their subscribers but also discussing career pivoting. I’m excited to see what you delve into next.
Thanks girl! I've always been honest since day 1. I gotta keep it real :)
Thank you for your support ❤️
thank you so much for doing this and for your honesty.I was thinking of starting notary but i have zero idea of how to start. thank you
Oh yeah it’s completely slowed down for me. Then when I get the notifications, it’s low ball. Everything is going up but 75$ for a heloc? Lmao. I don’t feel bad cos gas still high in Texas. Signing services are so unnecessary frfr. They should take 10-20% at most!! I met a chick who did real estate & transitioned to another industry last month. Her paycheck decreased due to less commission. Im trying to do RON but the calls aren’t even on Notarized for a good 5seconds for me to click on them. Oh well, I’ve applied for a remote customer service job with Walmart🤷🏾♀️ I can sew or edit videos in between calls hopefully lol
I’m in Indiana and getting tons of requests. The issue is that the majority of them are wayyyyy too cheap.
Ah what a double edge sword. Have you tried going direct?
Kindly let us know what do you consider cheap
Go Hoosier! I'm in Indiana too 😁 I get requests, but my issue is there are scheduled for the mornings and I have a 9 to 5 still.
@@vanessathemobilenotary Fellow Hoosier here looking to work my full time from 7:30 -4:00 and Perform notary signings on the side, please let me know how this goes for you and what solutions you come up with ✨
@@pinkforeverlove1 sure no problem 😊 I can tell you that I'm adding tax preparer to my business to help during the winter months. Ever seen a mobile tax preparer? 😉
I was making $9000 a month as a signing agent in South Florida. My business has drained down to about $3000-4000 a month. Not something I can sustain on after taxes in a city like Miami. Lol
I have a ton of connections and clients. I work with about 15 direct title companies and they send me anything they have. There is just no business out there at the moment
Oh damn. I'm literally in the same boat in LA. I had 1-2 signings this month. It's hard but I know we'll persevere. :)
Amanda, you mentioned in one of your videos about leasing a good printer which will be attended to if there are any issues . Do you remember which video? which specific printer was it.
Thank you for this wealth of knowledge. I'm starting to look into this am excited for this journey!
Best of luck!
Another good one! Thanks for the transparency! ❤
Thank you for supporting me ☺️
Thank you!
So true! I applaud your transparency and authenticity. I was an LSA in OREGON from April 2021 until August of this year, when I relocated to Mexico City.
I easily had 4-6 signings a day until the end of 2021. 2022 started off slow but consistent for me. All in all, I'm grateful for the work and time freedom I had as an LSA. If I could consistently work in Mexico, I'd return to LSA in a heartbeat. 🇲🇽
I've wanted to move to CDMX for a minute now. How are you liking it? Are you working remote?
I work remote for a start up now. I pivoted back into full time work, but I’m not about this life lol
I’m currently creating digital products and building so I can leave by summer 2023.
Congrats on your recent successes!
As for your social media platforms, do you keep them strictly business, or do you sprinkle them in your personal life? I want to concentrate on growing my social media in 2023, but I am weary if it’s worth the energy to consider my making one for my notary/signing agent business.
Thanks girl! I would not niche down the way I originally did. You should create a different account for Notary. Grow your social media with YOU in mind. People will gravitate to what feels authentic. You should also look into UGC.
HI, yes its been so different...No commission break since 2007...almost threw in the towel .....passed test...so hope my commission docs arrive on time. I started doing other things like non notary., with attorney offices serving as a witness for clients with Trusts, then alternative Mobile Notary for them as well. Most Starbucks and Fed Ex are my offices....also rented extra bedroom for travel nurses....YES It is not easy :/
Appreciate the honesty
What about general notary work?
Thanks for the video! Your channel was one of the first videos I viewed on my notary journey 2 years ago! The word oversaturation is spelled with only one "t".
Thank you for your support!
Lol I thought it looked weird. Thanks!
Last year was booming! Signings left and right! but It’s slow for me too in Florida right now
In Florida, we are capped at $10 per signing and can charge a travel fee but in our area, we have to be careful because asking more than $40 for travel expenses could get the notary in trouble.
Good to know, I just started the process. I'm in the Orlando area, and I was just thinking about travel costs.
Are there services like signing services for regular notary work?
Sometimes signing services will send out general notary work. Not too often. However no they are not specifically gnw.
Do you have another full time job? How are you earning income to travel?
Switzerland is next 😉
Yes!!
Amanda do you have a full time job outside of notary work?
Nope!
Find a niche. Maybe work with your demographic or something. Or maybe you have a special interest. Find somewhere or some kind of community that people will want to work with you because you're a part of their community
What course did you purchase from Loan Signing System? He seems to have several, and Im confused as to which would be the best for someone starting out.
Thank you in advance!
Hello Amanda, question did you start the course online or in person. Wanted to see which one to use if online. There’s many but would rather use a recommend one. Please let me know thank you
Great to hear from you again Amanda! Did you guys moved yet?
Great to hear from you too Alex! Lol no we’re not gonna move. Rents way to pricey everywhere.
@@amandapluma I bet and inflations crazy.. I just moved back from Tokyo so I see the prices went up everywhere
Where can I find a list of local Escrow officers
You would have to search in your area. There is no list.
@@amandapluma I apologize, I should have said are Escrow officers employed with title companies or do they work independently
@@RB-pe3cb that depends on the state you’re in
What’s the best course to take?
When inflation goes down, and unemployment goes up, then generally interest rates go down. Years from now. They should go down
Hearing the cost of gas in LA made me internally barf. That's ridiculous. 😶🌫️
what equipment do you use?
what do you mean you can set your own prices. in California its 15 dollars per notary. right? i know you can charge a travel fee if you go to them. but what else.
Travel and maybe dropping off the documents
Do you have your own training course? I think you'd make a good teacher!
Thank you! For the longest time I was thinking about making one but this is an industry I don't see myself in forever. However I do adore helping new notaries. I do one on one calls with those looking for mentorship. :)
As far as pricing for notary goes can you fluctuate your prices or are there set prices you can charge? Not sure if I you said it, or maybe I missed it in the video.
General notary work in CA is $15 max per stamp. But you can charge a travel fee to go to them in your a mobile notary
For loan signings they put offers for $40-90 max I’ve seen in my area currently with Signing Services
Direct Title can pay as much as $100-300 depending on the type of signing that’s why she said go direct but the market is saturated currently
Been thinking of doing notary as a side hustle? Thoughts
Depends on where you live
Get started now (filing your commission with your state and studying loans) so you're prepared for when the market picks up again.
On a different topic. I am trying to find someone that can tell me how to add the CUSTOMIZE button to my channel. I need to add an intro video. Tk u!
Why not become a RON(remote online notary)? Is it not legal in California yet?
yeah, it's not legal yet :(
Is this only for the California market or is the market nationwide just slow?
mainly in CA. Some people are probably busier but not as busy bc of rates.
Are you doing this full time? 40 hours per week?
What do you sign for attorneys?
Always some random documents. Like affidavits.
why not do remote online notarizations?
CA doesn’t allow them yet :(
When will Calif get Remote Online Notary?!
You’re tellin me! Idk when it’ll happen. I haven’t heard anything about it coming to CA soon.
How do you charge $100 on a grant deed? Doesn’t state law prohibit us on per signature cost?
$15 for the notarization and driving to the signing and dropping off the doc. Hope that helped :)
Can you please clarify? You dropped off the document to the county?
@@cgcloud9130 I dropped the document off 30 -40 miles to escrow after driving to the signer.
Makes sense, thanks for clarifying. I’ve been charging a $45 travel fee as well but wasn’t sure how much wiggle room I had with other expenses
How would I go about scheduling a zoom training with you for loan signing? Is that something you still do?
Are you in California?
Yes
When your flight to Pontianak Indonesia
A lot of you guys were full of crap now all of you are backpettaling. Steering people to those bullcrap programs. I feel sorry for the people who did quit their jobs for this because they believed the hype.
Lol you’re mad bc we have no control over the market?
If it’s too good to be true, it usually is. The hype is real and I feel bad for the new ones who fall for it. The ones benefiting are the ones giving “classes”.
They believed the hype..... Sounds like a "that person" problem.
The market is busy and STOP 🛑 lying.
Lol bruh interest rates are at an all time high. Maybe not in your area. Where I live in SoCal it is.
Hey Amanda, I sent you a message on Instagram.
I don’t see it
Thank you!
Thank you for always showing love!