“I can’t believe I just earned $175 for 20 minutes of work”
What is a Loan Signing Agent?
A loan signing agent (LSA) is a notary public that has been trained in walking borrowers through a set of loan documents. The signing agent is responsible for ensuring the borrowers fill out the paperwork correctly and that the loan documents receive the proper notarizations. The loan documents can vary depending on the type of closing.
Perks of being a Loan Signing Agent
• High rate of pay. Begin earning anywhere from $65 to $175+ per loan closing. The great thing about being a signing agent is that you will receive payment for your work much sooner than you would from your day job. Checks generally are dispersed 3 days from closing but may vary from company to company.
• Generally, an appointment takes no longer than one hour.
• Flexibility in work schedule. You can accept as many or as few closings as you want.
• Become your own boss and run your own business.
How much money can you make as a Loan Signing Agent?
With any business being a successful signing agent is going to depend on your level of commitment to your new business. I have seen notaries begin at $65 and some begin at $175. This is going to come through the connections that you make through various signing services. One of the notaries I trained called me and said, “I can’t believe I earned $175 for 20 minutes of work.” While I cannot guarantee what your monthly income will be you will begin to see a good amount of extra income rolling in once you get assigned closings. See the scale below for an example of how much you can begin to make as a signing agent too.
