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Joe Ewing
California
55 Posts |
 Posted - 05/09/2007 : 05:56:30 AM
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to bonkers73
Lets do some basic math
A loan signing takes about 3 to 4 "free" hours of the day. That includes initial booking, client contact, travel, presentation, packaging and overnight delivery drop off. Almost all Signing Service companies require new agents to "fax back" the legal stuff and that takes more free time. If you are new to the Loan Signing business you can get assignments from Signing Services that pay $60 per assignment. Part time can only mean 1 assignment per day. 365 assignment a year = $21,900 gross income.
"Black Flagged" only happens when you try to overload yourself with assignments and you make a mistake. There are many opportunities for error in every aspect of an assignment including but not limited to Notary error. |
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LindaH
Florida
1754 Posts |
Posted - 05/09/2007 : 12:55:48 AM
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<<points up>>,,,,the "Locate a Notary" link up above..<G>
Linda |
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n/a
5 Posts |
Posted - 05/08/2007 : 3:40:13 PM
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Thank you for your information. Where do I go to do a zip code search for signing agents in my area?
Thank you agin for all of your information.
B. |
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LindaH
Florida
1754 Posts |
Posted - 05/08/2007 : 10:20:02 AM
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First do a search with your zip code - see how much competition you have in your area - I'd bet you're gonna be amazed - from what I hear CA is beyond saturated.
I can't help you with the numbers and I'm not in CA, but as to your question "Also is this something that one can start at on a part time basis, as I have a full time(yet somewhat flexible) position right now?" - with real estate, mortgages and the economy what they are now, if you're just starting out you SHOULD be starting it part time -don't quit your day job til you know you can earn full time bucks to survive. Don't forget, the money in loan signing is not guaranteed (like your current weekly paycheck) and you need to be able to get by in the spare times. Keep your full time job until you know your business is well enough established to sustain you (you match or exceed your pay from your regular job). Keep in mind when figuring the financials that you'll have to take SE taxes into account and the fact that federal taxes are NOT withheld as they are in your regular job.
JMHO
Linda |
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n/a
5 Posts |
Posted - 05/08/2007 : 09:31:46 AM
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Hi,
I know there are about a million variables of what a signing agent, can do to make him or her a success in this business, however, I am just looking for a range of what is possible out there as far as potential earnings in this field? Can anyone one throw some numbers at me?? :)
I am in southern california if that helps.
Also is this something that one can start at on a part time basis, as I have a full time(yet somewhat flexible) position right now?
Finally, do you get black flagged so to speak if you do get a call and you can't make it due to conflicting, full time work schedule or how does that work really?
Thanks a million |
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