Startup Costs | Price to become Notary Loan Signing Agent
Вставка
- Опубліковано 7 гру 2020
- How much does it cost to become a Notary Loan Signing Agent?
These are the essential steps it takes to get to your Notary Commission and become a Loan Signing Agent.
These are my tips on being resourceful and smart about your startup cost.
Please also do your own research on finding the best deals in your state.
The importance of E&O Insurance
www.nationalnotary.org/notary...
E&O Insurance | Biberk
www.biberk.com/get-a-quote/bi...
Organize all your Notary Work/ Costs
www.notarygadget.com/pluma
Loan Signing System Course
loansigningsystem.com/?afmc=2wb
Modern Notary Journal
amzn.to/2LPFq74
Thumbprint pad
amzn.to/3bFbIwD
Brother HL-L5200DWT Laser Dual Tray Printer
amzn.to/2N5y4gt
Manilla Legal Envelopes 10x15
amzn.to/2XFlEhj
Legal Paper 1 Ream 20lb, 92 Bright
amzn.to/39us0pq
Letter Paper 8 Ream (4,000 sheets) 92 Brightness
amzn.to/2LRbFTg
Notary Stamp (all 50 states) customizable
amzn.to/3nLwooQ
Printer Toner TN-850 compatible with Brother HL-L5200DWT
amzn.to/3spUcCe
Bic Blue Pens (36 count)
amzn.to/3spPPar
keywords:
notary loan signing agent, California notary public, how to become a notary 2021, how much does a loan signing agent make, how much does a notary make, where do loan signing agents work, how do loan signing agents get paid, who hires loan signing agents, NNA, Notary2Pro, Loan Signing System, Mark Wills Loan Signing System, side hustle, financial freedom, California loan signing agent, loan signing agent California, self-employed, how to work for yourself, how to make money, jobs with no degrees, no degree required job,
In NYC we also have to take a 40 question exam. I downloaded and printed the 17 page Notary Public License Law book for free, and the actual exam is $15. Out of the 40 questions, you're only allowed to get 7 wrong in order to pass. I received my results (either pass or fail) in the mail one week later, and then had to fill out my Notary application and get it notarized. Then you're required to mail in a $60 with the application, and it took about 4 weeks for my Notary commission to arrive in the mail. Thanks for sharing your Notary and Loan Signing experience with us. 🌹
Is there a certain course you've taken?
@@mankeyismyfriend No, I didn't take nor did I pay for any certain course. I just self studied every night for almost 2 weeks, and then went and took the test while all the information was still fresh in my mind.
@@sincerelylatoshamonique8781 hmm interesting....did you feel the 17 page license book was suffice and i assume you tackled couple of signings already? sorry for all the questions as i am from NYC as well and I'm somewhat hearing mixed messages.
Thanks!
@@mankeyismyfriend | I also would like to know as I’m also in NYC 😩
So you took the exam before sending in your application
I love how transparent you were. Thank you for this. Using this to support my dream job as well.
Call Dwight Schrute for all your paper needs
Congrats on all your hard work because it's paying off! Thank u for being honest about the training costs. I will take the LSS because I feel I will get what's needed for me but I didn't want to pay 497/or 88 bucks because honestly that's a lot of money.
It seems like to me this is doable but the up front costs to get into the game are actually pretty steep for many because they need a $1k vs forking out $1k.
I think the way you would have to approach this business is with the extreme most minimal amounts you can until money is in your pocket. 1-2 rack of paper, no need to buy extra ink until you literally run out to justify, and get your official documentation from the state to get going. Also if you already have a printer, use that instead of buying a fancy better one that makes life easier since again, this is a start up. I know people say get x, y, and z but I'm thinking extremely pragmatic here.
yes! This is the best mindset to have when starting. You can also do these steps over time so it's not as expensive. That's what I did.
I love all of your videos and your content helps me so much! Thank you! ✨🎀
Ah, I'm so happy I can help! Thank you for watching 💛
Thank you so much for the info, I got Commissioned I am taking the Mark Wills loan signing system course, and the information you put out there was very useful, thanks again
I'm so glad it's helpful! I also went the same route :)
Yes ma'am! Also I could see you making your own signing service in due time. #supporter
wow! Manifesting that!!! It's possible. I do want to pursue my passion for interior design. So idk if I can balance that. Who knows, anything can happen! Thank you for the support and positivity :)
Amanda your dope! Continued success and thanks for dropping your knowledge🙏
thank you, this means a lot
Just moved to Cali and I used to work in title back in Texas… point is, thank you for making it easy! Californian’s a bit different, this helped a ton!!
OMG! I just got my commission. YOU HELPED ME SO MUCH WITH ALL OF THIS INFO! THANK YOU! keep making videos!
Ahh!! That means the world that I was able to help you succeed! I'm so excited for you! What's your next step? :)
Thank you so much for making time to share this information.. It is appreciated..
Glad it was helpful! Any time :)
Thank you so much! I love how detailed you are about everything. All facts and no fluff. Greatly appreciated!
I'm glad you found this helpful. I want to be as transparent about this industry as possible. :)
Thank you for this information!
Can you do a video on attire I’ve seen some dress super professional and others more professional casual it would be nice to have a video on it😊
this is a great idea. I'll definitely plan this one out! thank you :)
@@amandapluma yes, please 🙏
You’ve been one of my influencers to get into this business!! I literally manifested the funds needed to purchase my commission package here in Texas!! I’m goal is to be able to have my first signing towards the ended of next week!! Abundance flows thru and thru me!! Thank you so much for sharing your journey on UA-cam!!
Wow, thank you so much for watching and taking action! I love your abundance mindset. This is how you take advantage of any situation and make things work for you! You inspire me :)
@@amandapluma Yess please keep up the great work and content. I too plan to build my biz while recording my progress over this next year here on youtube!!
@@amandapluma for the printer, did you say "double tray or else you gonna have to".... what? I couldn't understand what you said regarding the printer... multi trays?
Your videos are all so helpful and inspiring! I’m working on the LSS and waiting on my commission packet in the mail! If you have a Business Center Costco near you, the legal paper there is the cheapest I could find! $45 for a case of 10 reams. Can’t wait for more of your vids!
That's good that you started studying already. No way, I've never heard of that type of Costco. I'll definitely look into that. Thank you!
Thank you for the tip about the Costco Business Center. There isn't one close to me, but it seems like a good option.
thank you for sharing ! this helps me a lot and i appreciate it
You posted exactly the video I was looking for< Your style and personality are great< I would pay to watch a training video for signing agent by you
Thank you so much :)
I do offer mentorship if you're interested. calendly.com/amandapluma
Very Informative!
Your videos are so helpful and you’re so beautiful!! I hope nothing but the best for you! 💗
You're too sweet. Thank you! :)❤
Great info! Everyone needs to double check to see if their state requires them to have a title insurance license too. That's an additional 500-700 just for classes. Not sure about exam price. Just something I learned and wanted to pass on!
I wonder if its needed in CA
Thanks for the info. I met a woman earlier this year who gave me some insight on becoming a notary as well. Now that I'm officially DONE with my previous career path. This will definitely be something I'll be pursuing.
that's amazing! I'm so happy for you! It's truly so liberating. It allows me the perfect work/life balance.
How has this gone for you!?
Great video ! Thanks for sharing your mistakes too, so we can learn from them.~ CoachJoe
hahaha I'm sorry, I kept it going so it made the adsense length. This is dedication, I appreciate you so much!!
Helpful!!! Thank you! 😊
no problem 😉
Thank you so much for your videos :))
In Texas, on the state website, they don’t give you an option to email your application so I ended up following the steps of this other girl that’s also in Texas, and she at least paid for her bond and application fee through the NNA because the NA will give you an email address That they will send your application to.
But if you just go to the state website for Texas, you can download the form sure that’s easy to do… But you end up thinking that you can only mail it in and of course that takes longer
But what I did not do is go through one of these notary signing companies that want to charge you this extra fee !
When you go to the Nenei, the only thing you are paying for is that $50 bond or Texas and the $21 fee for Texas and then you give them your application that you downloaded from the Secretary of State website .
I’m all about doing it as cheap as possible ! LOL😁
You give so much valuable information in an easy to understand format! Thank you for that! I just sent my application off to the state for my notary commission in PA. Thank you for sharing your experience and being transparent! Awesome information and resources. The notary journal you recommended was Modern Journal? I haven’t googled yet, but if you could, can you add the link to the one you have? Thanks again for all the info
I'm glad you're enjoying my content :)
Awesome! Congrats on starting out!
www.amazon.com/gp/product/B0799RKYSP/ref=ppx_yo_dt_b_asin_title_o01_s00?ie=UTF8&psc=1
Amanda Thank you!
You’re welcome! :)
Great video and information as usual!
I appreciate your continued support Shanti 🧡
@@amandapluma Aww, thank you 🙏🏽
Great info!
Hey Amanda! I was wondering if you had any experience purchasing LSA Insurance? Or even what your thoughts are on this. Thank you! I have been loving your videos and just purchased LSA training :) So excited!
In New Jersey, we just have to fill out an online application that costs $30 and we receive our commission in the mail and then we just have to take the oath at the county clerk’s office and pay $15.. fortunately no exam.
Awesome information here for sure.....thank you so much for it! Question: After passing your exam, how long did it take for you to be able to do your first signing? I am worried that I see it could take 2 weeks to 6 months before you get your Notary License back from the state.
Can you create a checklist of all of the steps you took with the places or links you use to be where you are now? I love your channel you’re so informative, Happy holidays 🎄💕
Thank you for watching :)
I just made a Q & A video that might help you out.
@@amandapluma thank you so much I will be tuning in 💕
Amazon has a 1 entry per page journal for privacy. It's awesome
I heard about that. I might invest in one.
Yassss!! When I saw this journal I purchased 10!!! Saves so much wrinkly g
Writing
Hey! I love your videos, you’ve gotten me fully into this LSA journey so I thank you for that ❤️ Quick question, I thought a loan signing course was mandatory for the state of california.. is this true?
I’m glad to hear this!
Not in CA. It’s just highly recommended. There’s no law saying it’s mandatory. However no one will hire you if you don’t know what you’re doing.
Amanda’s the truth
Your place is so cute! Thanks for the knowledge!
thank you, I take pride in that 😊
Low overhead high mark-up: Legal Document Prep. Credit Repair. Apostilles. Fingerprinting. Client Acquisition Is the only thing that really matters....
LA in da haus! Here to finally strive to become a notary in California! And you’re definitely the cutest signing agent I’ve ever laid my eyes on 👀 SIMPleted.
I am at the end of my journey and honestly I am in California she did not mention business cards,county recorder office fees notary stamp fees fbi finger scan and background check fees and if you don’t pass test first time you will have to pay anther 20.00 and a few other items I did researched as well for best price I am up to 2,000.00 I would count on that ,but she is right you will recoup but it takes a few months to do that
so I need a job to pay to start a job...gonna need to pro rate this--thanks for the tips!
Any business requires an invest. It's where you choose to buy these start up needs where you can get a better ROI. Hope this helped. :)
@@amandapluma totally! and thank you! just need to add up what is needed to even get to that point!
Hey girl! I love your videos, I’m in the process of becoming a notary public myself! I am curious about the pay cycle for a notary though, is it a typical weekly/bi-weekly check or is it same day?
Thank you for watching! I appreciate it
@@amandapluma Thank you!
Hi can you please a video about your 1st loan signing also what steps can be taken to make it smoother.
Hello, I talk about that on my very first video :) and I go over some of my mistakes on my previous video :)
Yes but if your not certified with NNA you can not work for many title companies. I agree it’s not fair. It be what it be 💎in Ca
I didn't realize that.
Another good one🙂 #markthefloridarealtor
Hi Amanda. New sun here. Do you have a video on how you keep books for your business? And what is the proper attire? The outfit you have on in this video is pretty.
Hello, question to all Loan Signing Agents in Southern California... Is there still opportunities in So Cal? My buddy who took the course a few months before me and is commissioned says he's not getting any signings from signing companies. When he gets one, they go fast or when he counters they just give them to people who will take the bare minimum. He's reached out to other signing companies and they told him they are at max for agents and check in a few months. This is really concerning for me. I just got a part time seasonal job and was planning on doing this full time after the holiday season. Please lmk. Thanks 🙏
Did you purchase the acknowledgment and jurat certificate bundle?
Does the Biberk Professional E&O insurance also protect against notarial mistakes?
🔥❤🔥❤🔥❤🔥❤🔥❤🔥❤🔥
It's now $700 from the NNA..!
When you purchased from Biberk did you have your own website / business? Or just fill out the information as your own name as your business?
great video, the cost adds up but it is so worth it to have a business that will give you a great return on the investment. PA is tough too but I am doing it because it cost me close to $2k for start up cost when I sold real estate and that was before even selling a house lol. just saying...
Exactly. I made this within my first 2 weeks. It's a great investment. Wow, that's a lot!
@thomasina, i’m in PA too. When you say it’s tough, what are you referring to? The process to get started on becoming a NSA or the available work in the area?
Is loan signing systems with mark wills approved/applicable with the CA Secretary of State site? I’m looking to sign up immediately !
I have a question regarding tax. Do you provide a W-9 form to each client with a business EIN or do you use your SSN? I want to use my business EIN instead of an SSN when I receive a 1099 NEC.
EIN
The employers social is only used when they file their personal taxes not the company’s
EIN
I have a question, when you do your background check is it something you just say you completed or is it uploaded somewhere so that escrow officers can check out or something?
its needed to get your notary commission through your state.
1) Do does a notary signing agent just sign and that’s the whole purpose of the job?
2) I’ve heard there are notary signing agents that are remote is that any different then from what you’re doing?
3) And is there time for loved ones working in this industry?
Doesn’t the NNA do a background check when you get your commission??
I’m doing mark wills course right now but I’m confused if I still need to do the NSA Background Screening through the NNA? Please help 🙏🏼
I am studying to take the California Notary Exam....could you possibly do a video of how you prepared for that? How ard was the test? I am so nervous!
I just made a Q & A that might help you out.
i think the best you can do it google the CA notary laws
@@amandapluma thank you!! Yes I've been studying from the California notary handbook, and I've been studying off of Quizlet I'm scheduled to take my test on the 16th of January period and then I'm going to do the loan signing program that you talked about. I've worked in real estate for several years so I know all the title companies , and I've been in contact with them about loan signing for them. I love your videos thank you for being so upfront and honest.
@@TheJackiev Hi, I'd like to know if on the 16th you'll be taking the 6-hour class and the exam. Please share. I'm confused I don't know whether to take the class with the NNA or the California Secretary of State. Who did you register with for the class?
You said you paid a little over $100 for your E&O Insurance. At that price, how many years did you get covered for?
When you went through the NNA did you purchase the NNA membership? Or should I ask which plan you purchased?
I did not get the NNA membership bc I've been a notary for 6 yrs now. If you're a new notary I might recommend it for you.
Do you have to do a DBA or does it need to be an LLC?
Did you ever followup with BiBerk insurance? I just looked into them and wanted to compare as I am also in the Los Angeles area, I was quoted about $31 a month for $1,000,000 yearly. I'm planning on calling them tomorrow to see if they offer a 500k or 250k policy also.
How did this go ? What insurance go you have now ?
@@sparvathaneni1 it ended up being about $33 a month for insurance. Simple…easy and done..check them out.
@@sparvathaneni1 PS, also I never have an agenda here many might be shilling something but I shoot as I see and learn, I say give them a try.
Are the recurring supplies you buy be a a tax write off assuming you have an LLC? Do you need to have an LLC if working with Direct?
I paid $30 for the class and exam , then I bought the loan signing info book which was about $55 plus shipping and tax so About $71 , I’m a loan officer anyway so pretty much I know loan docs but I got the book anyway , then after I paid $175 , includes insurance , bond and stamp and journal and some other kind of book , I got the min coverage for now till I see work and see what i really need , I’m sure I will get better coverage in due time , I have had like 4 back ground checks and fingerprints already for my NMLS Licence so I’m curious if they still will make me get one I told the nice guy at the NNA I’m gonna hold off on that background check and see if they approve me based on all the damn checks I just got for 4 states , the NNA wanted to charge me like $75 when it should be around $35,
I have to pay the SOS I think about $30 to get registered , already have printer , just need legal paper , worst case I’ll go to ups , I’ll need a lot of toner for loan docs
Hello Amanda, thank you for all your information, Would you still recommend this brother dual tray printer, I am getting ready to buy a printer and I just want to make sure I get the right one. Thank you thank you in advance
Yes, definitely
Thank you , also it’s good that your talking about self care . Sometimes at business owners we tend to overwork ourselves.
So is mark wills course to actually prepare you for the notary signing course or would I take another class for CA?
His class does not prepare you to be a notary. it only prepares you to be a loan signing agent. you need to take a certified notary course from CA to become a notary. then you can take his course to learn about loans.
Hi Amanda, which loan signing course do you recommend from Mark’s class?
the basic one does the job :)
I recommend the six figure one if you really are dedicated to loan signing.
Would you recommend being a notary for some time before getting into being a loan signing agent?
highly recommend!!
If you do direct Signing you don't need a printer They print all docs. for you, unless you choose to have docs. emailed to you, saving a trip to their office
that's what I heard, but because of covid i'm not sure if that's really an option anymore.
In another video you mentioned leasing a Ricoh printer. I'm trying to find information on that but I'm not coming up with anything online. Do you know how I would get more information on that?
Not trying to be a pest but I'm having a hell of a time trying to find a printer.
Thank You so much for the really good information. I wish you would delete the annoying music. It was very distracting. I hate jazz.
Thanks for the info 😁. I was just wondering, on average, how much does it usually cost to print out the paper work for each appointment?
Cost varies depending on the price of your supplies. If you can get toner for $25-$35 you’re looking at great price margins.
I feel like I’m missing a step. When I go on the secretary of State’s office website, it doesn’t say anything about an exam?? Just an application form. ? 😞
Some states dont require a test. Check online to see if yours does.
How long did it take for your commission to be sent to you with covid and all?
I took mine Jan 16 so hopefully i get it soon 😩 my next step is marks LSS 🤗
Did you finally get your commission? I took my test April 15 and my application is still not processed in California. They are on March 30th
I looked up the average income for this work in Nevada (Las vegas) and was finding some really average yearly income rates. Not even 100k .. can you go into detail as to why you make so much? what you do differently.. is it possible to do this in other Las Vegas?
when you google our income it varies drastically. Everyone in this business works for themselves so you're not going to find an accurate income on google. I was making 10k the beginning of this year. Last few months it's been about 6k bc I've been taking vacations. It's up to how hard you want to work.
I've heard of notaries in Las Vegas making good money! Especially because the housing market there is only increasing.
Is that 10k/ 6k a month?
What about a computer? Any specific requirements?
Thank you!
Do u have to have a driver's license in ca to become a notary in ca?
It is not required however it something you should have considering driving is a major component of this job.
So I just submitted today my notary application through NNA. I live in Texas. Should I have gone a different route? Am I still on time to go a different route? What should I spect from the NNA? I am waiting to hear back. I have so many questions. Gracias!! :)
After you become a SLA where do you recommend we go to get work?
Help just staring out
So you can't use an inkjet printer?
Laserjet is highly recommended
Can I print through my apartment complexes printer
Big no no! We print a lot of private information. It’s not safe to print in a public space.
How much EO INSURANCE do most signing companies ask for?
1. class $??
2. exam $??
3. fingerprint/background check $??
4 bond $??
5. E & O ins. $??
6. notary journal ~$15
7. stamp-$??
8. loan signing training-$?? (197)
9. Printer!
10. paper/toner/folders
11. Blue ink pens (& carrier)
12. ink for finger prints, hand sanitizer & wipes
13. advertising, business cards
prices vary per state and where you decide to purchase. It takes some personal researching.
@@amandapluma yeah, didn't have any paper--was actually just making my notes to do so! sorry, didn't realize I hit the send button!
Should you get an LLC when being a loan signing agent?
You should talk to a CPA about that. Everyone's situation is different so it's hard to say :)
If you want to establish a legal business, and build business credit, and take advantage of any small business tax breaks... I’d say yes.
In most states you can give your LLC a general name and just DBA notary business.
Amanda which course did you use and secondly if you stick with the text messages how many times a day can they text you for a job
Hi, I took the Loan Signing System with Mark Wills. I get so many texts a day it's hard to keep track
@@amandapluma but there's so many different courses out there which one is the best I was thinking of the NNA how much was Mark scorse and how long is the course because the nna is not long at all and I think it might be even free or low-cost or something and they too send texts they told me how many different courses are there besides marks the nna is there others so I can evaluate which one to get
@@shawbrothersgirl2740 I took the NNA one and I wasn't a big fan of that one. it is cheaper though. The other course you'll have to do research on that. I paid I think $130-$180 for marks course. It definitely pays off in a couple of signings though.
Hi Amanda! Thank you so much for your videos, they are amazing. To tag along to this question, which course of his did you take? And is the course only for additional training?
@@amandapluma did you do his six figure class ?
Did you take Mark wills course?
Yes I did
Do you really need 2 trays, does it really save you that much time?
No, I still don't have two trays. It saves maybe 5 mins. I learned to live without it by using Notary Rotary page separator. You can just google that.
I'm trying to apply for RON and it's asking to upload my Exemplar what does that mean?
Can You Please Tell Me The Printer Renting Company...Didn't Get That
Ricoh
Where do I get the bond at ?
What course did you take?
Mark Wills Loan Signing System
Approximately how much do you spend on supplies?
around $300
@@amandapluma per month?
Which loan signing course did you take?
Do you have an LLC? I am just starting out and am curios about all of this.
What’s the Pay seems like a lot of leg work
Did you work with a mentor when you first started? I'm a new notary and looking into this as another stream of income.
No.
I do mentor others over video chat though. :)
calendly.com/amandapluma
I can guide you through the process.