If you are a notary public who wants to increase your income, becoming a notary signing agent (NSA) might be a good option for you. NSAs are notaries who are specially trained to handle and notarize loan documents for the mortgage industry. They are hired by lenders, title companies and signing services as independent contractors to ensure that real estate loan documents are executed by the borrower, notarized and returned for processing on time.
But how can you make more money as an NSA? Here are some tips to help you boost your NSA business and income:
1. Get certified and background screened. Although certification and background screening are not required by law for NSAs, they are strongly recommended by the industry to meet the compliance standards of financial institutions. By getting certified and background screened by a reputable organization, such as the National Notary Association (NNA), you can demonstrate your professionalism and competence to potential clients and increase your chances of getting hired.
2. Invest in your NSA supplies. To perform loan signings efficiently and accurately, you need to have the right tools and resources. These include a reliable printer, scanner, fax machine, laptop, smartphone, GPS device, journal, stamp, seal, E&O insurance policy and reference books. Having these supplies will help you avoid errors, delays and liability issues that could cost you money and reputation.
3. Promote your NSA services online. One of the best ways to attract more clients and assignments is to market yourself online. You can create a website or a social media page that showcases your NSA skills, credentials and availability. You can also join online directories, such as SigningAgent.com, that connect NSAs with companies looking for loan signing professionals. Make sure to update your profile regularly and include positive reviews from previous clients.
4. Expand your network and knowledge. Another way to grow your NSA business and income is to network with other NSAs and industry professionals who can offer you advice, referrals and support. You can join local or national NSA associations, attend events and webinars, or participate in online forums and groups. You can also take advantage of continuing education opportunities that can help you stay updated on the latest trends, laws and best practices in the NSA field.
5. Set competitive rates and fees. As an NSA, you have the freedom to set your own rates and fees for your services. However, you need to consider several factors when determining how much to charge, such as your experience level, location, demand, travel time and expenses, type and complexity of loan documents, number of signers and notarizations required, etc. You also need to research the market rates in your area and adjust your fees accordingly to stay competitive and profitable.
6. Join a notary network or directory. There are many online platforms that connect notaries with clients who need their services. By signing up for one or more of these networks, you can increase your exposure and get more leads. Some of them also offer training, support, and discounts on supplies.
7. Negotiate your fees. Don’t be afraid to ask for what you’re worth. You have valuable skills and experience that deserve fair compensation. Research the market rates in your area and be prepared to justify your fees based on your qualifications, availability, and travel distance.
8. Ask for referrals and reviews. Word-of-mouth is one of the best ways to grow your business as a notary signing agent. Ask your satisfied clients to refer you to their friends and family who need notary services. Also, ask them to leave you positive reviews on social media or online directories. This will boost your reputation and attract more customers.
9. Diversify your services. Don’t limit yourself to one type of signing. There are many different kinds of documents that need notarization, such as mortgages, deeds, trusts, powers of attorney, affidavits, and more. By expanding your knowledge and skills, you can offer more services to your clients and increase your income potential.
These are just some of the ways you can make more money as a notary signing agent. By following these tips, you can improve your efficiency, quality, and customer satisfaction. And remember, the more you learn, the more you earn!
