Should I Become a Full Time Signing Agent?

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Should I Become a Full Time Signing Agent?

Author's Profile: LaShon James-Major, Notary Public in Long Beach, CA

Thanks to the real estate boom many notaries have been able to use their stamps in the real estate industry by becoming Notary Signing Agents, or NSAs. For the most part these are notaries that have been trained or somehow familiarized themselves with the most common documents in a loan package.

As a NSA, notaries are impartial witnesses to borrowers who are refinancing, getting a line of credit, getting a reverse mortgage, and so forth. The notary usually prints the loan documents (some documents are still delivered overnight), travels to the borrower's home or agreed upon meeting place, verifies the borrower's identity, and then presents the documents for signing.

Because the real estate industry was at a all-time high, some aggressive notaries were able to make $100,000 a year traveling to meet borrowers. Even though the housing market has slowed down some are still entering the business and are asking, should I do this full-time?

The general consensus is that this is a very bad time to become a full-time NSA but everyone has to make that decision for themselves. Before you make the leap these are a few questions to consider:

• * Do I have enough money saved to help me make it through slow months?
• * Is my metro area over-run with other notaries doing the same thing?
• * Have I developed a workable marketing plan? At times I think a marketing plan is more important than a business plan because the marketing plan is going to bring in the money.
• * Is there someone that's already a NSA that I can get advice from?
  

I hope these points to ponder make the decision to become full-time a little easier.
--
LaShon James-Major
The Document Diva
Mobile Notary & Loan Signing Agent

"Professional, punctual, precise...Services Guaranteed!

View my blog at http://activerain.com/blogs/docdiva

Attn: Real Estate Pros. Check out http://activerain.com/action/referrals/docdiva for help, info, and more!

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